Industry Analysis & Industry Trends
Changing consumer trends, volatile commodity prices and a saturated market characterise the Cake and Pastry Manufacturing industry. In addition, rising input prices and intensifying external competition have posed serious challenges for the industry over the past five years. For example, supermarkets have extended their private-label offerings as part of their ongoing push into the fresh food market. In addition, the move towards artisanal and gourmet foods has increased competition from retail bakeries, which have posed a threat to branded manufacturers in other parts of the baked goods sector... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Cake and Pastry Manufacturing industry is in the mature stage of its life cycle, which is characterised by a saturated domestic market, a range of well-established products and a falling number of participants as both internal and external competitive pressures intensify. In the 10 years through 2020-21, industry value added is expected to grow by an annualised 1.1%, considerably below comparable GDP growth of 2.8% annualised. This indicates a stagnant industry whose contribution to the Australian economy is falling as it continues to underperform relative to the economy.
Given the high level of saturation, it is imperative for manufacturers to constantly introduce new products so as to stimulate sales growth and differentiate themselves from their competitors... purchase to read more