The cake is basically a form of sweet food made from flour, sugar, and other ingredients, that is usually baked and is eaten as dessert after a meal. The cake is most importantly used to celebrate special occasions such as birthday, anniversary, Christmas, and other festivals. The most commonly used ingredients in cake include flour, eggs, sugar, butter or oil or margarine, and leavening agents, including baking soda or baking powder. Additional ingredients and flavorings used are dried, candied, or fresh fruit, cocoa, nuts, and vanilla extract, sone spices flavors with numerous substitutions for the primary ingredients. Cakes can also be filled with fruit preserves, nuts or dessert sauces such as pastry cream, iced & buttercream or other icings, and can also be decorated with marzipan, piped borders, or candied fruit. Specialty personalized birth cakes, with unique style, theme, color, filling, or flavor, are on-demand among the consumers globally.
MARKET DYNAMICS
The birthday cakes market has witnessed a significant growth owing to factors such as wider application in residential as well as commercial purposes. Availability of different varieties of birthday cakes such as novelty cakes, children's cakes, themed cakes, personalized cakes, and others with various flavors including into fruits flavor, chocolate flavor, mixed fruits flavor, and others are anticipated to drive this market globally in the near future. Novelty birthday cakes are known as one of the most popular birthday cake options for consumers available in the market. People love to celebrate a birthday with novelty caked, which is themed around something they love. Moreover, unique product offering by the cake makers and easy accessibility is further influencing this market. In addition to that, the demand for vegan dessert and sugar-free cakes is further propelling the birthday cake market. However, increasing health consciousness among consumers towards diseases such as diabetes, high cholesterol, tooth decay, and others are resisting them from eating sweet dessert, which may further hamper the growth of the birthday cakes market. Nevertheless, with the steady growth in the food processing industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Birthday cakes Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the birthday cakes market with detailed market segmentation by size, application, type, flavor, and geography. The global birthday cakes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading birthday cakes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global birthday cakes market is segmented on the basis of size, application, type and flavor. On the basis of size, the birthday cakes market is segmented into large birthday cakes, medium birthday cakes, and small birthday cakes. The birthday cakes market on the basis of the application is classified into residential and commercial. On the basis of flavor, global birthday cakes market is bifurcated into fruits flavor, chocolate flavor, mixed fruits flavor, and others. Based on type, the global birthday cakes market is bifurcated into novelty cakes, children's cakes, themed cakes, personalised cakes, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global birthday cakes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The birthday cakes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the birthday cakes market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the birthday cakes market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global birthday cakes market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from birthday cakes market are anticipated to lucrative growth opportunities in the future with the rising demand for birthday cakes in the global market. Below mentioned is the list of few companies engaged in the birthday cakes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the birthday cakes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bake Me a Wish
- BreadTalk
- Felicia's Cake Factory, LLC
- Ganso
- Haagen-Dazs
- Holiland
- King Arthur Flour
- Lecake
- ParisBagutte
- Wedome
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.