Share on

Cake Model Market By Type (Decorated Cake, Cup Cake, Dessert Cake, Pound Cake, Cheese Cake, Ice Cream Cake, Snack Cake, Wedding Cake, Others), Mixing Methods (Shortened Cakes, Layer Cakes Pound Cake, Foam And Sponge Cakes, Low-Flour Cakes, Angel Food Cake, Biscuit, Chiffon Cake), Sales (Packaged Cakes, Artisanal And In-Store Bakeries), Distribution Channel (Online Sales, Supermarkets/ Hypermarkets, Convenience Stores, Others) And Region -Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2023-2027

Published: March, 2023
ID: 6400
Pages: 175
Formats: report pdf report excel report power bi report ppt

Cake Model Market Size, Share, Growth (2023-2028)

Cake Model Market was valued at USD 70.1 billion in 2023 and is expected to reach USD 83.4  billion by 2028 to grow at 3.53% CAGR

Cake Model Market Overview:

Cake is a flour confection that is typically baked and is created with flour, sugar, eggs, fat (such as butter, oil, or margarine) and other ingredients. In their earliest origins, cakes were bread modifications, but they now refer to a wide variety of dishes that can be simple or elaborate and have features in common with sweets like pies, pastries, meringues, custards, and custard creams. Cakes can also be filled with fruit preserves, nuts, or dessert sauces (like custard, jelly, cooked fruit, whipped cream, or syrups), iced with buttercream or other icings, and decorated with marzipan, piped borders, or candied fruit.On ceremonial events like weddings, anniversaries, and birthdays, cake is frequently offered as a celebration food. There are innumerable cake recipes, many of which are years old. Some of them resemble bread, while others are lavish and elaborate. Cake baking is no longer a difficult process; while there used to be a lot of labor involved (especially in the whisking of egg foams), baking equipment and instructions have been made simpler so that even the inexperienced bakers can bake the cake. Also, there are various cake mixes available now which can be prepared with eggs or egg replacers for easy, hassle free, time saving and convenient usage to customers, food service operators and industrial scale bakeries.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

3.54%

Segments Covered

By Type, By Mixing Methods, By Sales, and By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

American Baking Company, Aryzta, BreadTalk, Britannia, Edwards Cake & Candy Supplies, Flower Foods, George Weston, Groupo Bimbo, Hillshire Brands, Hostess Brands, McKee Foods, Monginis, Mulino Bianco, Pepperidge Farm, Tyson Food, Yamazaki Baking

Cake Model Market Drivers

The increasing demand for cakes, cupcakes, and high-end confectionary is driving the growth of the Cake Model market worldwide. The growing popularity of celebrating various special occasions like birthdays, success parties, weddings, etc. by cutting cakes is the key factor fueling the demand for cakes in the market. Moreover, cakes are a perfect dessert and can be savored after the main course. The increasing consumer preferences toward healthy and nutritious food have increased the demand for healthy cakes that offer nutritional benefits. The manufacturers are introducing innovative cakes by adopting healthier ingredients like almond flour, wheat flour, oats flour, etc. Such innovative and new product launches have enabled to meet the demand of the consumers thereby expanding the market growth.

Cake Model Market Restraints

According to the International Diabetes Federation, about 537 million adults (ages 20-79) will have diabetes in 2021. The total number of diabetics is expected to increase to 634 million by 2030. Therefore, this limited the consumption of fat and high-calorie foods, thereby limiting the cake market to some extent.

Recent Developments in the Cake Model Market

  • In April 2022, Bread Talk, launched a new and gorgeous cake for Mother’s Day. These come in two flavors: the yam-flavored Eternal Love and the Rose and berry-flavored Enduring Love.

  • In 2021, McKee Foods Corp. expanded its business with the launch of Little Debbie Strawberry Shortcake Mini Muffins on consumer demand by line-up its mini muffin cake item.

Cake Model Market Segmentation:

By Product Type

  • Dessert Cakes

  • Cupcakes

  • Cheesecakes

  • Sponge Cakes

  • Other Cakes

The dessert cake is expected to grow significantly due to its huge consumption on special occasions like birthday, wedding, success, etc. The dessert cakes are often served with lashing cream, fruits, fondants, fruit syrups, frostings, and chocolate to enhance its appearance, flavor, and taste. This feature drives the growth of the Cake model market.

By Distribution Channel

  • Supermarkets/Hypermarkets

  • Bakery

  • Specialist Retailers

  • Convenience Stores

  • Other Distribution Channels

Due to rising number of in-store bakeries providing fresh and high-quality cakes in the supermarkets and hypermarkets are boosting the cake model market growth. As the specialty stores offer a variety of artisanal, dessert and sponge cakes it is expected to fuel this segment growth. The specialty Bakery stores offer customizable cakes as per the demand of the customers. This boosts the growth of the bakery stores.

Cake Model Market Regional Analysis:

  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East

  • Africa

Europe is expected to account for the largest share in the market due to high presence of the bakery industry in the region. Consumer preferences toward healthy and nutritious food have influenced several developments and innovations in the cakes without changing their tastes and texture. This is driving the sales of the products thereby driving the regional market growth. Moreover, regions such as U.K. and Italy are popular for their artisanal bakery products, especially cakes have also aided in the market growth in Europe.

Cake Model Market Key Players

  1. American Baking Company

  2. Bread Talk

  3. Britannia Industries

  4. Euro Cakes

  5. McKee Foods

  6. Edwards Cake & Candy supplies

  7. Flower foods

  8. George Weston

  9. Grupo Bimbo

  10. Monginis

  11. General Mills Inc.

  12. CSM Bakery Solutions

  13. Rich Products Corporation

  14. Finsbury Food Group Plc.

  15. Mondelez International Inc.

  16. Hostess Brands

  17. Hillshire Brands

  18. Mulino Bianco

  19. Pepperridge Firm

  20. Tyson Food

  21. Yamazaki Baking

 

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample