Little treats have a sugar-glazed forecast.

Bakeries, pastry shops, and bagel sellers are growing at a rate of 5 percent, according to AnythingResearch.com. Research suggests small indulgences are picking up, but big purchases such as vacations are not – although blogger and baked goods expert Nichelle Stephens, co-editor of the prominent sweets blog Cupcakes Take The Cake, says the movement is expanding into high-end-foodie territory.

"It's focused on small batches, local suppliers, seasonal ingredients, and lots of creativity when it comes to flavors and combinations," she says. 

By the numbers:

Ranking of "bakeries and baked goods stores" in AnythingResearch.com's "fastest-growing industries that are hospitable to small businesses": 8

Year-over-year growth rate, according to AnythingResearch.com: 5 percent

Growth in 2009 sales for "bakeries and tortilla manufacturing," according to Sageworks: 3.79 percent