Middle East and Africa Cakes Market is expected to be worth USD 2.69 billion in 2024 and is projected to grow at a CAGR of 1.86%, to reach USD 2.96 billion by 2029.
The cake is generally a snack or a form of dessert. They used to be a modification of bread. In recent days, cake flour is made from low-protein wheat and the flour is prepared such that the starch to gluten ratio is high. Also, they used to be home or bakery-made special desserts. Now, they are one of the largest mass-produced food items. They are widely accepted and used as a symbol of celebration in almost all modern societies. In general, the ingredients of a cake include flour, eggs, sugar, butter, baking soda, or baking powder. Apart from these, several additional ingredients such as dried fruits, nuts, cocoa, and several flavoring substances were added in the preparation. There are numerous recipes, styles, and shapes in which cakes can be made. Rapid increase in urban population and changing lifestyles and eating habits of people are the major factors driving the market growth. An increase in bakeries, the high usage rate of cakes in several ceremonies, and an increase in innovation regarding the making satisfying all types of consumers are also expected to drive the market growth. However, an increase in the diabetic and obese population and other health concerns are hindering the market growth.
This Research Report on Middle East and Africa Cakes Market is segmented and sub segmented into following categories
Middle East and Africa Cakes Market By Type
The cupcakes segment holds the largest market share due to its high popularity among children and its ease of preparation. Dessert cakes are expected to be the fastest growing segment due to the increasing demand for desserts in ceremonies and dinners.
Middle East and Africa Cakes Market By Mixing Methods
Layer cakes occupy the largest market share due to the innovation involved in their making. Based on the distribution channel, the market is categorized into In-Store Bakeries, Supermarkets, Convenience Stores, and Online Stores. In-store bakeries generate the largest sales revenue whereas online stores are the fastest growing market segment.
Middle East and Africa Cakes Market By Region
On the basis of region, the Cakes market is analyzed under the Middle East and Africa regions. The Middle East region leads the cakes market due to its popularity in economically developed countries such as UAE. Turkey and Israel also has a high demand for desserts and snacks.
KEY PLAYERS IN MIDDLE EAST AND AFRICA CAKES MARKET
Key Players In Middle East And Africa Cakes Market Are Artisan Cake Company, The Blue Cake Company, American Baking Company, Edwards Cake, Britannia, Ele Cake Company, Little Venice Cake Company, Finsbury.
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