Cake Model Market

Global Cake Model Market Size (2024 To 2029)

The Cake Model Market was valued at USD 70.1 billion in 2024 and is expected to reach USD 83.4 billion by 2029, growing at a 3.53% CAGR during the forecast period.

The 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 inexperienced bakers can bake the cake. Also, there are various cake mixes available now that can be prepared with eggs or egg replacers for easy, hassle-free, time-saving, and convenient usage by customers, food service operators, and industrial-scale bakeries.

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 it to meet the demand of consumers, thereby expanding the market growth.

MARKET RESTRAINTS

The International Diabetics federation is the major restrain in the global cake model market.

According to the International Diabetes Federation, about 537 million adults (ages 20-79) will have diabetes in 2023. 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.

REPORT COVERAGE: 

SEGMENTAL ANALYSIS

Global Cake Model Market By Product Type

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, flavour, and taste. This feature drives the growth of the Cake model market.

Global Cake Model Market By Distribution Channel

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's growth. The specialty Bakery stores offer customizable cakes as per the demand of the customers. This boosts the growth of the bakery stores.

REGIONAL ANALYSIS

Europe is expected to account for the largest share of the market due to the high presence of the bakery industry in the region. Consumer preferences toward healthy and nutritious food have influenced several developments and innovations in 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 the U.K. and Italy are popular for their artisanal bakery products, especially cakes, which have also aided in the market growth in Europe.

KEY PLAYERS IN THE GLOBAL CAKE MODEL MARKET

Key market players in Cake Model Market are American Baking Company, Bread Talk, Britannia Industries, Euro Cakes, McKee Foods, Edwards Cake & Candy Supplies, Flower Foods, George Weston, Grupo Bimbo, Monginis, General Mills Inc, CSM Bakery Solutions, Rich Products Corporation, Finsbury Food Group Plc, Mondelez International Inc, Hostess Brands, Hillshire Brands, Mulino Bianco, Pepperidge Firm, Tyson Food, Yamazaki Baking

RECENT HAPPENINGS IN THE 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 with its mini muffin cake item.

DETAILED SEGMENTATION OF GLOBAL CAKE MODEL MARKET INCLUDED IN THIS REPORT    

This research report on the global cake model market has been segmented and sub-segmented based on type, mixing methods, sales, distribution channel, and region.  

By Type

• Decorated Cake
• Cup Cake
• Dessert Cake
• Pound Cake
• Cheese Cake
• Ice Cream Cake
• Snack Cake
• Wedding Cake
• Others

By Mixing Methods

• Shortened Cakes
• Layer Cakes Pound Cake
• Foam And Sponge Cakes
• Low-Flour Cakes
• Angel Food Cake
• Biscuit
• Chiffon Cake

By Sales

• Packaged Cakes
• Artisanal
• In-Store Bakeries

By Distribution Channel

• Online Sales
• Supermarkets/ Hypermarkets
• Convenience Stores
• Others

By Region

• North America
• Europe
• Apac
• Latin America
• Middle East And Africa