(Entertainment-NewsWire.com, April 18, 2018 ) Europe Pastries Market was worth USD 9.88 billion in 2016 and estimated to be growing at a CAGR of 3.2%, to reach USD 11.56 billion by 2021. Pastry is a dough of flour, water, and shortening that may be savoury or sweetened. Sweetened pastries are often described as bakers' confectionery.
The word "pastries" suggests many kinds of baked products made from ingredients such as flour, sugar, milk, butter, shortening, baking powder, and eggs. Pastry is differentiated from bread by having a higher fat content, which contributes to a flaky or crumbly texture.
The Europe Pastries market is driven by the rising demand, increase in urbanization leading to the higher availability of bakeries. However, health concerns are a major factor restraining market growth. Therefore, to attract the health conscious populace, the vendors introduced healthier varieties with lesser fat content. Also, the rapid growth in home baking also acts as a restraint on market growth as it reduces the demand for packaged pastries.
The Europe Pastries market is segmented on the basis of taste, sales and by distribution channels. On the basis of taste, the market is segmented into sweet and savoury. On the basis of sales, the market is further categorized into packaged pastries and artisanal and in-store bakeries. On the basis of the distribution channel, the market is distributed among online sales, supermarkets/hypermarkets, convenience stores and others. The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. As of 2016, Europe holds the first position in the global market share analysis. The rapid growth in new distribution channels is set to further boost the market growth in Europe.
The major players operating in the Europe Pastries Market include Britvic PLC, Cott Corporation, PepsiCo, Parle Agro and the Coca-Cola Company. American Baking Company, Aryzta, BreadTalk, Britannia, Edeka, Edwards, Edwards Cake & Candy Supplies, Finsbury, FlowerFoods, George Weston, Groupo Bimbo, Hillshire Brands, Hostess Brands, McKee Foods, Monginis, Mulino bianco, Pepperidge Farm, Tyson Foods, Yamazaki Baking.
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