With the constant change in lifestyle of individuals, demand for processed foods such as ready to eat and on-the-go foods is rising exponentially, especially in developing countries. Tea-Cake are the products that are instantly baked and served on the table. These products are stored in either frozen, chilled or ambient form. These products are also called as ready to bake products, which can be baked at an instance as per requirement. Tea-Cake products market is expanding in order to cater to increasing demand for ready to eat foods and is expected to continue the same trend over the forecast period.
Europe and North America collectively dominates the Tea-Cake products market, owing to increasing preference for ready to eat and on-the-go foods.
Tea-Cake products are increasingly preferred by consumers across the globe, owing to increasing dependency on ready to eat foods, especially in North America and Europe. The Tea-Cake Products market is segmented on the basis of product type, by Form, by nature and Sales channel.
On the basis of product type, Tea-Cake products market can be segmented into bread, pastry, and American sweet treats. Bread segment accounts for the relatively high share of total bakery market across the globe. The bread segment is further segmented into white and brown. The pastry segment is further split into puff, patisserie and Danish. The patisserie segment is again segmented into cakes and tarts and at last the American sweet treats is segmented into donuts, muffins, cookies, and brownies.
Tea-Cake products market is further segmented on the basis of bread form into a banquette bread and small bread.
Tea cakes products market is further segmented on the basis of nature into conventional and organic. The conventional market has a higher market share as compared to the organic segment.
The Tea-Cake products market is further segmented on the basis of sales channel into artisan bakers, modern retailers, bakery chains, hotels/restaurants/café (HoReCa), social food services and other retailing formats.
Increasing per capita disposable income coupled with rising demand for on-the-go foods among individuals is expected to increase the revenue of Tea-Cake products market over the forecast period. Increasing demand for healthy baked products among individuals such as multigrain bread, brown bread etc. is expected to drive the sales of Tea-Cake products market. Increasing penetration of Tea-Cake products in developing economies is expected to exhibit a significant growth in sales of Tea-Cake products market over the forecast period. Bakers across the globe have slowly started to opt for Tea-Cake products as there is the very low amount of wastage of food products, owing to which Tea-Cake products market is expected to witness a significant growth over the forecast period.