Small indulgences are picking up, but big purchases are not.
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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