Asia Pacific Cake Model Market

Asia Pacific Cake Model Market  Size and Growth Analysis:

Asia Pacific market was valued at USD 8.13 billion in 2022 and is expected to reach USD 10.15 billion by 2027 with a CAGR of 4.53%

Asia Pacific Cake Model Market Overview:

Cake Mix is defined as dried pre-mixes used for baking cakes. Cake mix can be prepared using eggs or egg replacers. They are generally categorized into 3 types which include complete mix, dough base and dough concentrates. Cake premixes provide convenience usage to consumers, foodservice operations, and industrial-scale bakeries. Cake mix saves preparation time. They reduce the hassle of selecting the ingredients. The growing use of cake mix to speed up the whole baking process will further aid the market growthIncrease in urbanization and changing consumer preferences drive the growth of this market. The rise of in-store bakeries is another major driver of this market. Health issues in line with the growing concern for obesity and related diseases and regulatory constraints pertaining to product labeling pose a threat to this market. The increase in home baking further reduces the demand for packaged cakes. The increase in online sales and demand for product innovation would further help in market growth in the future. Cake pops, a type of snack, is gaining popularity and is available in grocery stores.

Asia Pacific Cake Model Market Segmentation:

The Asia Pacific Cake Model market is segmented on the basis of

• Type

• Mixing Methods

• Sales

• Distribution Channel

On the basis of Type, it is segmented into

• Decorated Cake

• Cup Cake

• Dessert Cake

• Pound Cake

• Cheese Cake

• Ice Cream Cake

• Snack Cake

• Wedding Cake

On the basis of Mixing, it is segmented into

• Shortened Cakes

• Layer Cakes Pound cake

• Foam and Sponge Cakes

• Low-Flour Cakes

• Angel Food Cake

• Biscuit

• Chiffon Cake

On the basis of Sales

• Cakes

• Artisanal

• In-Store Bakeries

On the basis of the Distribution Channel,

• online sales

• Supermarkets/ Hypermarkets

• Convenience Stores

Asia Pacific Cake Model Market geographical Analysis

• India

• China

• Japan

• Australia

• South Korea

The demand for industrial cakes is expected to grow in the Asia-Pacific region due to the larger consumer base and changing food habits pertaining to bakery foods. In India, the cake market is seeing an exponential growth due to the increase in urbanization.

Asia Pacific Cake Model Market Key players:

1. American Baking Company

2. Aryzta

3. BreadTalk

4. Britannia

5. Edwards Cake & Candy Supplies

6. Flower Foods

7. George Weston

8. Groupo Bimbo

9. Hillshire Brands

10. Hostess Brands

11. McKee Foods

12. Monginis

13. Mulino bianco

14. Pepperidge Farm

15. Tyson Food

16. Yamazaki Baking