Global Cake Concentrates Market Size to Exceed USD 2.03 Billion By 2035 | CAGR of 5.47%
Category: Food & BeveragesGlobal Cake Concentrates Market Size to Exceed USD 2.03 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, the Global Cake Concentrates Market Size is Expected to Grow from USD 1.13 Billion in 2024 to USD 2.03 Billion by 2035, at a CAGR of 5.47% during the forecast period 2025-2035.
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Browse key industry insights spread across 250 pages with 96 Market data tables and figures & charts from the report on the “Global Cake Concentrates Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Ready-to-Use Cake Concentrates, Dry Cake Concentrates and Liquid Cake Concentrates), By Application (Bakery Products, Food Service, Household, Commercial Baking and Catering Services), By Distribution Channel (Online Retail, Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores and Direct Sales) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.” Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/cake-concentrates-market
The Cake Concentrates Market is the worldwide business that involves the manufacture, distribution, and retailing of ready-to-use baking mixes with a concentrated combination of ingredients used to prepare cakes and other baked foods. Busy lifestyles and restricted time for home preparation have favored the demand for convenient baking. Cake concentrates ease preparation by limiting the number of ingredients and steps involved, making them suitable for homes, food service operators, and food-processing commercial bakeries that require fast, consistent, and dependable results without compromising quality. Moreover, the globalization of food culture has spurred increasing interest in Western-style desserts, pastries, and cakes, especially in such emerging markets as Southeast Asia, China, and India. This cultural change creates more demand for products such as cake concentrates that enable bakers to duplicate these products with ease and affordability in multiple settings. However, few cake concentrates include additives, preservatives, and artificial flavorings, which could discourage ingredient-savvy or health-conscious consumers. As natural and clean-label consumer preferences increase, this segment tends to favor home or organic baking alternatives, constraining the appeal of conventional cake concentrates and possibly hindering market growth among this demographic.
The dry cake concentrates segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the cake concentrates market is divided into ready-to-use cake concentrates, dry cake concentrates, and liquid cake concentrates. Among these, the dry cake concentrates segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to being non-perishable and light in weight, dry cake concentrates are convenient to store and move. They do not need refrigeration and take up less space, thus economizing on logistics and warehousing costs. Such ease of handling makes them especially suitable for distribution in remote or vast supply chains, which leads to their wider market uptake.
The bakery products segment accounted for the highest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the cake concentrates market is divided into bakery products, food service, household, commercial baking, and catering services. Among these, the bakery products segment accounted for the highest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by baking operations, uniformity in texture, taste, and looks is paramount in meeting customer demands and building brand image. Cake concentrates provide a consistent mix that ensures high-quality output irrespective of the batches, which meets customer requirements. This consistency makes them a popular choice among bakeries, which increases their usage in the bakery product category.
The supermarkets/hypermarkets segment held a substantial share in 2024 and is expected to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the cake concentrates market is divided into online retail, supermarkets/hypermarkets, specialty stores, convenience stores, and direct sales. Among these, the supermarkets/hypermarkets segment held a substantial share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth is attributed to these stores providing a range of products under one roof for consumers to easily buy cake concentrates together with other baking ingredients and household goods. This convenience store model promotes repeat purchasing and bulk buying, cementing their market dominance.
North America is expected to hold the majority share of the global cake concentrates market during the forecast period.
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North America is expected to hold the majority share of the global cake concentrates market during the forecast period. North American consumers have increasingly indicated interest in premium baking offerings that match wellness and health trends, including organic, gluten-free, and non-GMO cake concentrates. This demand to spend money on superior-quality, innovative offerings encourages suppliers to diversify their offerings. The industry enjoys product differentiation methods that satisfy dieting habits and lifestyles, with this action creating demand for more and capturing a greater share of the market in the region.
Asia Pacific is anticipated to grow at the fastest pace in the global cake concentrates market during the forecast period. Foodservice business, such as cafes, bakeries, and quick-service restaurants, is booming in Asia Pacific. Bakery chains and cafes are more and more opting for cake concentrates to maintain consistent product quality and save on preparation time. With the increasing demand for bakery products in urban areas and tourist destinations, these businesses depend on cake concentrates to serve consumers efficiently, driving fast market growth.
Europe is predicted to hold a significant share of the cake concentrates market throughout the estimated period. Europe boasts a rich tradition in baking with a long history of commercial and artisanal baking. The strong tradition sustains consistent demand for cake concentrates with bakers looking for high-quality and reliable premixes to ensure consistency while responding to changing tastes among consumers, combining tradition with modern convenience in baking.
Major vendors in the global cake concentrates market are Puratos Group, CSM Bakery Solutions, Bakels Worldwide, Kerry Group, Archer Daniels Midland Company, Dawn Food Products, Inc., Ingredion Incorporated, Corbion N.V., AB Mauri, Lesaffre, IFF (International Flavors & Fragrances), Tate & Lyle PLC, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2024, Lesaffre launched its newest baking innovations at Gulfood Manufacturing in Dubai, to empower bakers to address changing consumer trends. The company debuted its extended Inventis range of bakery premixes, including new formulas engineered to encourage creativity in baking.
- In May 2024, Dawn Foods introduced two new products under its Total Cake Solutions concept. The first is the Dawn Yogurt Cake Mix, which provides a tender and soft texture with a yogurt hint of taste. The second is the Dawn Exceptional Yuzu Compound, a paste flavor that introduces bakers' recipes to the distinctive taste of yuzu.
- In March 2024, Pillsbury Baking launched two new line extensions: the Moist Supreme Creamy Almond Cake Mix and Moist Supreme Creamy Vanilla Cake Mix. These cake mixes deliver an upscale and creamy treat, satisfying consumers who are looking for high-end baking experiences.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the cake concentrates market based on the below-mentioned segments:
Global Cake Concentrates Market, By Product Type
- Ready-to-Use Cake Concentrates
- Dry Cake Concentrates
- Liquid Cake Concentrates
Global Cake Concentrates Market, By Application
- Bakery Products
- Food Service
- Household
- Commercial Baking
- Catering Services
Global Cake Concentrates Market, By Distribution Channel
- Online Retail
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Direct Sales
Global Cake Concentrates Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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