The Cake Model Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Cake Model Market is estimated to be USD 63.21 billion in 2016 and predicted to rise to USD 75.07 billion by 2021 with a CAGR of 3.50%. The market is segmented by Application (Fresh, Processed). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Increase 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.
The global Cake Model market is segmented on the basis of Type, Mixing Methods, Sales, and 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 and Others. 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, and Chiffon Cake. On the basis of Sales, it is segmented into Packaged Cakes, Artisanal, and In-Store Bakeries. On the basis of Distribution Channel, it is segmented into online sales, Supermarkets/ Hypermarkets, Convenience Stores and Others.
Based on geography, the market is segmented into Europe, North America, Asia Pacific, Latin America and Middle East and Africa. Europe dominated the market with the major share in terms of revenue. The reason for this is the presence of many established artisanal baked goods makers. North America accounted for the second largest share. Americans spent a large amount on cakes and other sweet baked goods annually thereby driving the demand for cake related products. Be that as it may, 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.
Some of the key players dominating the market are 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.
Browse through the full report at https://www.marketdataforecast.com/market-reports/cake-model-market-6615/ and checkout our recent reports in the Ingredients at https://www.marketdataforecast.com/subcategory/food-ingredients-10/ For more insights and up-to-date industry news don’t forget subscribing to our newsletters.