Aug 17, 2021 (The Expresswire) -- Global Cake Market Research Report Size, Trends and Forecast provides an in-depth analysis of the Cake Market including detailed description of market sizing and growth, value, the key opportunities in the Cake Market and outlines the factors that are and will be driving the growth of the industry taking into consideration the previous growth patterns with Forecast Period 2021-2023.
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The Cake Market report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global Cake Market discussed. Overall, this report covers the historical situation, present status and the future prospects.Additionally, the worldwide market is segmented based on type, application, deals, and area. It contains numbers, regions, revenue, and offers just as the thorough computation of the business chain structure, opportunities, industry news analysis. The application portion shows the employments of the product.
The Cake Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume.
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The global cake market is expected to witness a CAGR of 3.3%, during the period 2018-2023, and is expected to value at USD 75 billion, by 2023. Manufacturers are including healthy ingredients in their cake products in order to gain competitive advantage. The sale of large cakes have been on the decline, as customers are favoring of smaller ones.
As a major development in the marketplace, at the end of October 2014, Fletchers became a part of Finsbury, largest supplier of premium cakes in UK, and contributed GBP 16 million to sales in two months.
The increasing popularity of customizable cakes is the driver for global cake market. With the rise of in-store bakeries and innovative product offerings from the small, regional, and international suppliers, the cake market is making its presence felt, globally. The recent trends of designer cakes and continuous innovations in cakes are likely to boost the market.
Health issues in line with the growing concern for obesity, other related diseases, and regulatory constraints pertaining to the product labelling pose a threat to the global cake market. The increase in home bakers further reduces the demand for packaged cakes. Food perishability remains a key challenge for the cake industry.
The increase in online sales and demand for innovation would further help in cake market growth in the future. In addition to this, there is an increased demand for affordable, healthier and freshly baked cakes. Cake pops, a snack, is gaining popularity and is available in grocery stores and coffee shops. The idea of customizable cakes is a key factor contributing to the growth of this market.
The global cake market is segmented based on flavors, product type, distribution channels, and geography. Decorated cakes and dessert cakes together account for the majority of the market demand for cakes, globally. The chocolate cakes are preferred to other flavors, and contribute the most to revenue generation. The market for cakes is highly fragmented, due to the presence of a large number of regional and international suppliers. The vendors compete for innovation, pricing, and distribution.
Globally, the North American and European economies have been the key revenue generators in the global cake market, followed by Asia-Pacific.
March 2018 - CafÃÂ© ValleyÃÂ® is partnering with the Hershey Company to introduce a decadently delicious snack size coffee cake bite that is equal parts brownie and cheesecake, with a sprinkle of chocolate. The coffee cake bites is made with Hersheys chocolate, and is of cocoa flavor.
Major players - AMERICAN BAKING COMPANY, ARYZTA, FINSBURY, FLOWER FOODS, HOSTESS BRANDS, MCKEE FOODS, MONGINIS, MULINO BIANCO, PEPPERIDGE FARM, TYSON FOODS, among others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Cake Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Cake.
Regional Market Analysis:
The Cake Market report includes Global and Regional market status and outlook 2021-2023. Further, the report provides break down details about each region and countries covered in the report. Identifying its sales, sales volume and revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Global Cake Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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