Latin America Pastries Market

Latin America Pastries Market CAGR of 2.2%, to reach USD
5.16 billion by 2021.
The Latin America Pastries Market was worth USD 4.63 billion in 2016 and estimated to
be growing at a CAGR of 2.2%, to reach USD 5.16 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" refer to many kinds of baked products that are made from ingredients
such as flour, sugar, milk, butter, baking powder, shortening, and eggs. The pastry varies
from bread by having a higher fat content, which contributes to a flaky or crumbly texture.
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The Latin America Pastries market is driven by the rising demand, increase in urbanization
leading to 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.
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Market Segmentation
Taste
Introduction
Sweet
Savory
Y-o-Y Growth Analysis, By Taste
Market Attractiveness Analysis, By Taste
Market Share Analysis, By Taste
Sales
Introduction
Packaged Pastries
Artisanal and In-store Bakeries
Y-o-Y Growth Analysis, By Sales
Market Attractiveness Analysis, By Sales
Market Share Analysis, By Sales
Distribution Channel
Introduction
Online Sales
Supermarkets/Hypermarkets
Convenience Stores
Others
The Latin America 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 categorised into packaged pastries and
artisanal and in-store bakeries. On the basis of distribution channel, the market is
distributed among online sales, supermarkets/hypermarkets, convenience stores and
others.
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Latin America market region includes countries such as Brazil, Mexico, Argentina, and
remaining countries of South America. The huge rise in spending in the Pastries market has
increased the demand in the market. Brazil is one of the largest markets in this region
followed by Mexico, Argentina, and Columbia. The availability of large customer base with
rising disposable incomes is set to drive the market in the foreseeable future.
The major players operating in the Latin America carbonated drinks industry include 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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Latin America Pastries Market was worth USD 4.63 billion in 2016 and estimated to be growing at a CAGR of 2.2%, to reach USD 5.16 billion by 2021.