Cakewalk: Premiumisation trends and new markets have supported revenue growth

IBISWorld’s Frozen Cake and Pastry Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Industry Analysis & Industry Trends

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 $585.0 million in the current year, following weak annualised growth of 0.9% over the five years through 2016-17. This includes expected growth of 1.0% in 2016-17.

In response to these trends, industry operators have sought to encourage consumers back 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 to accommodate shifts in consumer spending...

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What is the Frozen Cake and Pastry Manufacturing industry?

The industry is characterised by a high level of concentration. In 2016-17, the top four players account for approximately 80% of the industry. The industry has consolidated over the past decade, as all major players have expanded through acquisitions and product development. In particular, Patties Foods has strengthened its market position through brand acquisitions over the past decade. Many top brands have also undertaken aggressive marketing to entrench their market-leading positions.

Concentration varies slightly between product segments. Goodman Fielder is estimated to sell more than 60% of frozen sheet pastry in Australia, while Patties is estimated to manufacture half of the frozen meat pies and sausage rolls sold through grocery channels in Australia. Thi...

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Additional Insights for the Frozen Cake and Pastry Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Frozen Cake and Pastry Manufacturing Industry 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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    Products & Brands

    Major products in this industry
    Frozen desserts
    Frozen savouries
    Frozen sheet pastry
    Examples of brands in this Industry
    Sara Lee
    Mrs Mac's Pies
    Bakewell Meat Pie
    Four'N Twenty
    Herbert Adams
    Patties Pies
    Snowy River

    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
  • Apparent fat consumption
  • Consumer sentiment index
  • Domestic price of wheat

  • 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 sheet 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 LimitedMrs Mac's Pty LtdMcCain Foods (Aust) Pty Ltd
  • Table: Patties Foods Pty Limited - financial performance
  • Table: Mrs Mac's Pty Ltd - financial performance
  • Table: McCain Foods (Aust) 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
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • 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.
  • Why buy this report?

    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
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    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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