Easy as pie: Revenue is set to rise as manufacturers cater to lucrative niche markets

Growth in the Frozen Cake and Pastry Manufacturing industry has stalled over the past five years. Consumers have moved away from factory produced, frozen pies and pastries, in favour of fresh, unpackaged pies and pastries, or healthier snack and dessert alternatives. Industry revenue is expected to be worth $610.5 million in the current year, following weak annualised growth of 0.4% over the five years through 2017-18. This includes growth of 0.5% in the current year.In response to these trends, industry operators have attempted to encourage consumers with new, premium products, such as Wagyu beef pies and salted caramel puddings. Companies have also moved to extend distribution channels, with manufacturers catering to different markets due to shifts in consumer spending...read more.

Industry Statistics & Market Size
Revenue
$611m
Annual Growth 13-18
0.4%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
3,035
Businesses
222
Market Share of Companies

Industry Threats & Opportunities

  • Consumers are increasingly shifting away from brands in favour of private-label products
  • Significant brand loyalty has partially offset the shift towards private-label products
  • The continued rollout of gourmet products is forecast to support revenue growth

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    Industry Report - Industry SWOT Analysis Chapter

    The Frozen Cake and Pastry Manufacturing industry is in a mature life cycle phase, demonstrated by its weak growth in industry value added, a high degree of market saturation and Australian consumers' acceptance of the industry's products. Large and well-established companies such as Patties Foods and McCain Foods (Sara Lee) also tend to dominate the industry. Frozen cake and pastry products from these companies, such as Four'N Twenty pies or Sara Lee cheesecakes, are staples in many Australian homes and are therefore wholeheartedly accepted by the market. This also indicates one of the major barriers to new businesses entering the industry, which has a mature and saturated market. Ind...purchase to read more.

    Additional Insights for the Frozen Cake and Pastry Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Frozen Cake and Pastry Manufacturing are:

  • Ability to pass on cost increases
  • Supply contracts in place for key inputs
  • Economies of scale

    • IBISWorld analysts also discuss how external factors such as Real household disposable income and Demand from convenience stores in the Frozen Cake and Pastry Manufacturing industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Frozen Cake and Pastry Manufacturing Industry?

    Industry firms manufacture frozen bakery products, such as frozen cakes and pies.

    Industry Products
  • Frozen desserts
  • Frozen savouries
  • Frozen pastry
    • Industry Activities
  • Frozen cake
  • Frozen pastry sheet
  • Frozen pastry product
  • Frozen meat pie
  • Frozen sausage roll
  • Frozen fruit pie
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Demand from convenience stores
  • Consumer sentiment index
  • Domestic price of wheat
  • Per capita fat consumption

    • Current Performance
  • Channel changes
  • Private-label and import pressures
  • Volatile inputs
  • Brand loyalty and innovation
  • Going niche
  • Chart: Revenue Growth

    • Industry Outlook
  • External threats
  • Product line extensions
  • Niche product popularity
  • Table: Frozen Cake and Pastry Manufacturing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Frozen Cake and Pastry Manufacturing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Cafes and Restaurants
  • Catering Services
  • Supermarkets and Grocery Stores
  • Convenience Stores

    • Key Selling Industries
  • Butter and Dairy Product Manufacturing
  • Flour and Grain Mill Product Manufacturing
  • Fruit and Vegetable Processing
  • Meat Processing
  • Milk and Cream Processing
  • Sugar Manufacturing

    • Products & Services
  • Frozen savouries
  • Frozen desserts
  • Frozen pastry
  • Chart: Frozen Cake and Pastry Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
  • Pricing and presence of substitutes
  • Disposable incomes
  • Health, nutrition and dietary trends

    • Major Markets
  • Supermarkets and grocery stores
  • Convenience stores and petrol stations
  • Food services providers
  • Sports stadiums and facilities
  • Chart: Major Market Segmentation for the Frozen Cake and Pastry Manufacturing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Frozen Cake and Pastry Manufacturing

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Frozen Cake and Pastry Manufacturing Industry

    • Industry Globalization

    Major Companies

    Patties Foods Pty Limited, McCain Foods (Aust) Pty Ltd, Mrs Mac's Pty Ltd,
  • Table: Patties Foods Pty Limited - financial performance
  • Table: McCain Foods (Aust) Pty Ltd - financial performance
  • Table: Mrs Mac's Pty Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Frozen Cake and Pastry Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Frozen Cake and Pastry Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Australia New Zealand Joint Food Standards Code
  • A code that represents the complete set of food regulations for both Australia and New Zealand. The code includes labelling requirements for industry players.
    • Premiumisation
  • The consumer trend of wanting products of higher perceived value.
    • Private Label
  • A brand owned by a retailer or supplier, rather than by a manufacturer.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Frozen Cake and Pastry Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Frozen Cake and Pastry Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Frozen Cake and Pastry Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Frozen Cake and Pastry Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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