Industry Analysis & Industry Trends
Changing consumer trends, volatile commodity prices and a saturated market are characteristics of the Cake and Pastry Manufacturing industry. In addition, rising input prices and intensifying external competitive pressures have posed some serious challenges to the industry over the past five years. The entrenched position of the major players, coupled with enviable levels of brand and customer loyalty, has enabled them to pass on cost increases during times of unsustainably high input costs. Sweeping changes in consumption needs and preferences have led to innovation and new product introductions to stimulate demand in a mature and stagnant market.
In the five years through 2014-15, industry revenue is expected to contract at an annualised rate of 1.3% to total $1.5... purchase to read more
Industry Report - Industry Products Chapter
The main products manufactured by the industry may be classified into the following categories: savoury pastries, cakes, sweet pastries and other products.
Fresh and frozen savoury pastry products are expected to account for the largest portion of industry revenue, with a share of 40.0%. These products include pies, pasties, sausage rolls, quiches, finger foods and party foods. Within this segment, pies and sausage rolls make up the majority of sales, primarily due to their deeply entrenched status in Australian culture. Sales of the more traditional products within this category have been adversely affected by the high fat content associated with such products... purchase to read more