The global sales of cake concentrate are projected to grow at a steady CAGR of around 3% to 4% during the forecast period from 2022 to 2032. Growth in the market is driven by increasing consumption of bakery products like cakes, pastries and muffins.
| Report Attribute | Details |
| Cake Concentrate Market Projected Growth Rate (2022-2032) | 3% - 4%CAGR |
Cake concentrate is a powered mixture of various components such as milk powder, baking soda, salt emulsifier, whey protein etc. required for making cakes and other bakery items. However, the user has to additionally put flour, sugar water and oil to make these bakery items as it (cake concentrate) does not contain them.
Over the last few decades cake concentrate has gained immense traction among bakers and pastry chefs for making better quality cakes with ease. It can be easily customized according to one's personal requirement.
The cake concentrate is generally available in two types depending on the presence or absence of eggs. These two types, i.e., egg cake concentrate and eggless cake concentrate are being increasingly used for making a variety of bakery products especially cakes and pastries.
Rising usage of cake concentrate for quick preparation of cakes, muffins, pastries, Swiss roll and several other bakery products will continue to boost the market growth during the assessment period. Moreover, expansion of foodservice and bakery sectors coupled with rising trend of making cakes at homes will further expand the size of cake concentrate in future.
Rising demand for ready to use products in food processing and bakery industries, rapidly growing population, changing lifestyle and eating habits, and robust expansion of end-use verticals are some of the major factors driving the global cake concentrate market.
Cake concentrate has become an ideal choice for consumers to make high quality cakes and pastries using minimum resources. Consumers can add flour and sugar to cake concentrate as per their requirement which ensures that there is considerable cost saving. Growing trend of using cake contrate for making cakes at homes will continue to boost the sales of cake concentrate during the forecast period.
Similarly, increasing spending by people on bakery items is emerging as a major driver spurring the growth of cake concentrate market. As the demand for bakery products like cakes, muffins and pastries continue to surge, bakers are increasingly using ready to use solutions such as cake concentrate. This will continue to push the sales of cake concentrate throughout the forecast period.
In addition to this, growing awareness among people of APAC and MEA regions about cake concentrate and its benefits will further expand the size of cake concentrate market during the forecast period.
Despite the fact that cake concentrate market is making waves in the bakery industry, there are various factors that are likely to challenge its growth. Some of these factors are the rising adoption of cake premix and lack of availability of the products across various developing and underdeveloped regions.
Various bakers and pastry chefs prefer to use cake premix over cake concentrate for making bakery products. This is mainly due to the fact that they only need to add water and oil to cake premix for making cakes.
Spurred by changing lifestyle, increasing spending on bakery items and rapid expansion of HoReCa sector, demand for cake concentrate across Europe is slated to grow at a steady pace during the forecast period.
European countries such as the United Kingdom and Germany are experiencing high demand for cake concentrate due to increasing consumption of bakery and confectionery items and rise number of bakery restaurants.
Moreover, increasing penetration of online shopping platforms along with innovations in cake concentrate packaging is positively impacting the market across Europe.
According to Future Market Insights, the cake concentrate market in North America is poised to grow at a significant pace during the forecast period, owing to the presence of well-established bakery industry, presence of leading market players and growing adoption of cake concentrate across households for making fresh cakes.
Countries like United States and Canada are becoming hub of cake concentrates due to heavy consumption of cakes during special occasions and parties. Moreover, people living in these countries are also purchasing cake concentrate for making a variety of bakery items in homes.
Some of the key participants present in the global cake concentrate market include Bakels Group, Premia Food Additives (I) Pvt. Ltd., ULDO Polska sp. Z.o.o., Sonneveld Group B.V., IFFCO Ingredients, Embassy Ingredients Ltd., AB Mauri India (P) Ltd., Key Blends Food Ingredients, IREKS GmbH, Andrew Ingredients, Dawn Food Products, Inc., and Puratos Group
Attributed to the presence of such a high number of participants, the market is highly competitive in nature. Leading players are continuously adopting various growth strategies such as new product launches with innovative packaging, price reduction, partnerships and collaboration with foodservice companies, and strengthening of distribution channels to gain a competitive edge in the market.
| Report Attribute | Details |
| Growth Rate | CAGR of 3% - 4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
By Type:
By Application:
By End Use:
By Distribution channel:
By Region:
FMI projects the global cake concentrate market to expand at a CAGR of around 3% to 4% through 2032.
As per FMI, North America and Europe are projected to remain the most opportunistic markets for cake concentrate during the forecast period.
Bakels Group, Premia Food Additives (I) Pvt. Ltd., ULDO Polska sp. Z.o.o., Sonneveld Group B.V., IFFCO Ingredients, Embassy Ingredients Ltd., AB Mauri India (P) Ltd. are some prominent cake concentrate manufacturers
Explore Similar Insights
Cake Concentrate Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
