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Cake Market Study for 2022 to 2028 Providing Information on Growth Drivers, and Industry Analysis

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Cake market was estimated at USD 47.09 billion in 2021, and is projected to reach 58.71 billion by 2028, growing at a CAGR of 3.2%.

The cake is a shape of candy meals crafted from flour, sugar, and different elements; this is commonly baked. In their oldest forms, desserts had been adjustments of bread, however desserts now cowl an extensive variety of arrangements that may be easy or elaborate, and that percentage functions with different cakes inclusive of pastries, meringues, custards, and pipes. The maximum usually used cake elements consist of flour, sugar, eggs, butter or oil or margarine, a liquid, and a leavening agent, inclusive of baking soda or baking powder. Common extra elements and flavourings consist of dried, candied, or sparkling fruit, nuts, cocoa, and extracts inclusive of vanilla, with several substitutions for the number one element. Cake also can be packed with fruit preserves, nuts, or dessert sauces (like pastry cream), iced with buttercream or different icings and adorned with marzipan, piped borders, or candied fruit.

This report presents detailed analysis on the Cake Market consumption trends by globally, historic and forecast consumption volumes and values at market and category level. The global cake market is being driven by the rising disposable income, growing popularity of cup-cakes, and the increasing population.

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Key Industry Players in the Cake Market:

·         Monginis

·         General Mills Inc.

·         Finsbury Food Group Plc

·         Britannia Industries Limited

·         Modern Food Enterprises Pvt Ltd.

·         Yamazaki Baking Co. Ltd.

·         Mondelez International Inc.

·         Elite Group of Companies.

·         MCKEE FOODS

·         Grupo Bimbo

·         BreadTalk Group Limited

·         Parle Products Pvt Ltd.

·         Hostess Brands LLC.

·         George Weston Limited

·         Campbell Soup Company (Pepperidge Farm)

·         Flower Foods

·         Crazy Snacks Private Limited and other major players.

Cakes are a form of baked products that are made using flour, sugar, butter, and other ingredients. The rise in cake consumption is mainly owing to its extensive consumption as a celebration of food on various special occasions. By category, the market is segmented into packaged and unpackaged or artisanal cakes. By distribution channel, the market studied is segmented into supermarkets/ hypermarkets, specialty stores, convenience stores, online channels, and other distribution channels.

Segmentation Analysis Includes,

By Type:

·         Biscuits Cake

·         Dessert Cake

·         Cheese Cake

·         Sponge Cake

·         Others

By Form:

·         Packaged

·         Unpackaged

By Application:

·         Food Service

·         Retail

·         Others

By Distribution Channel:

·         Supermarkets/Hypermarkets

·         Specialty Stores

·         Convenience Stores

·         Online Stores

By Region:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

PESTLE analysis, SWOT analysis, and five-point analysis are just a few of the market analysis techniques included in the documentation of the market research report. The Client will benefit from all of these tactics in understanding the political, social, and economic factors influencing the Cake Market.

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Table of Content

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities by Segment

Chapter 4: Market Landscape

Chapter 5: Cake Market by Type

Chapter 6: Cake Market by Form

Chapter 7: Cake Market by Application

Chapter 8: Cake Market by Distribution Channel

Chapter 9: Company Profiles and Competitive Analysis

Chapter 10: Global Cake Market Analysis, Insights and Forecast, 2016-2028

Chapter 11: North America Cake Market Analysis, Insights and Forecast, 2016-2028

Chapter 12: Europe Cake Market Analysis, Insights and Forecast, 2016-2028

Chapter 13: Asia-Pacific Cake Market Analysis, Insights and Forecast, 2016-2028

Chapter 14: Middle East Africa Cake Market Analysis, Insights and Forecast, 2016-2028

Chapter 15: South America Cake Market Analysis, Insights and Forecast, 2016-2028

Chapter 16: Investment Analysis

Chapter 17: Analyst Viewpoint and Conclusion

During the COVID-19 lockdown, consumable supplies such as bakery products were in low supply, and several bakeries had to close their doors due to a labor shortage. Due to a shortage of availability of raw materials, output was not up to par. Smaller bakers in the unorganized sector were the worst hit. Coronavirus raised the demand for packed cakes. Whereas demand for in-store cakes, i.e., unpackaged cake businesses, witnessed a decline in sales.

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