AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Cakes market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Cakes market to grow at a CAGR of 3.3% to aggregate USD75.0 Billion by 2026.
The Distribution Channel, such as Online Sales, is boosting the Cakes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Flavor, such as Chocolate, is boosting the Cakes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Cakes market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growth in innovation of product offerings and Increasing popularity of customizable cakes.
The cake is a kind of food which is generally used and known all over the world in the form of Sweet Desserts. Cakes is basically a modern modification of bread, typically in olden days bread is used in place of cake. The market of the cake is growing tremendously in the last few years due to rising celebrations activity and the product offerings are also at the innovative level, as there are rising preferences of the customizable cake. But there are some factors due to which the market is hindering such as there is an increase in the home bakers and some of the regulatory factors related to the product labelings which is lowering the market
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Cakes market by Type (Sponge cake, Cup Cake and Dessert Cake), by Application (Celebration, Eatable desert and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market