July 27, 2020,
Let them eat cake.
If only we could.
And we can. Eat it ourselves. Often.
Especially during pandemic times.
We’re inside a lot with a sweet tooth.
Some industries are completely disintegrating, going bankrupt and being devastatingly altered forever while a few are thriving.
The cake industry is on the financial sweet side of things.
grapplingstars.com, femcompetitor.com fciwomenswrestling.com articles, unsplash.com unsplash.com- Zachary-Soh
Cake is often served as a celebratory dish on ceremonial occasions, such as weddings, anniversaries, and birthdays.
Pandemic times or not, still a lot of those events going around.
At the informative site wthr.com they post, “Sales of ice cream cakes at the Westfield Dairy Queen tripled during the month of May, and that has the store’s cake manager Diana Schwartz both proud and scurrying to find other cake artists to help satisfy the exploding demand.”
Sweet.
A little surprising. We thought so many are short on money? Perhaps indulgences on small guilty pleasures can be justified. We sure can.
Eight to 14 inch cakes on average range from $45-$75.
grapplingstars.com, femcompetitor.com fciwomenswrestling.com articles, unsplash.com unsplash.com- David-Holifield
That’s a lot of ramen.
For many of us growing up, the basic and most popular cakes were chocolate and vanilla cakes. Boy has that changed.
According to thekitchn.com, here are ten of the most popular cakes in America and not a chocolate on vanilla cake on the menu:
The 10 Most Popular Cake Recipes of 2019
- Do-Nothing Cake.
- Chocolate Bumpy Cake. ...
- New England Spider Cake. ...
- Instant Pot Cheesecake. ...
- Pumpkin Dump Cake. ...
- Sweet Potato Pecan Cake. ...
- Classic, Foolproof Angel Food Cake. ...
- Easy Carrot Cake Cupcakes with Cream Cheese Frosting. ...
Very interesting. Are any of the above on your top ten list?
Please don’t forget vegan cakes.
Vegan cake is cake made without eggs, dairy butter or dairy milk. Each of these standard ingredients is easily replaced by plant-based substitutes, such as banana or flaxseed for eggs, non-trans fat margarine or oils for butters and plant milks for milk.
“My music is like a baby pink frosted cake with sprinkles, but when you cut into it, there's a gooey, dark chocolate center.”… Melanie Martinez
In their oldest forms, cakes were modifications of bread, but cakes now, as you can see, they cover a wide range of preparations that can be simple or elaborate, and that share features with other desserts such as pastries, meringues, custards, and pies.
Particular types of cake may be associated with particular festivals, such as stollen or chocolate log (at Christmas), babka and simnel cake (at Easter), or mooncake. There has been a long tradition of decorating an iced cake at Christmas time; other cakes associated with Christmas include chocolate log and mince pies.
Given how cake has provided the world with so many wonderful memories, bringing us together in good times and bad, we are happy to see that eating cake continues to brighten our spirits.
Cake Market Size Worth $55.78 Billion by 2027 | CAGR: 3.3%: Grand View Research, Inc.
grapplingstars.com, femcompetitor.com fciwomenswrestling.com articles, unsplash.com unsplash.com- Ioan-F.
SAN FRANCISCO, July 20, 2020 /PRNewswire/ -- The global cake market size is expected to reach USD 55.78 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% from 2020 to 2027. Rising consumers' preference for celebrating all special occasions and festivals by cutting cakes is the key factor for the market growth. Moreover, increasing the adoption of cakes as a snack among the working-class population and the young generation is anticipated to offer new scope for the market over the forecast period.
Key suggestions from the report:
- The dessert product segment accounted for the largest share of 50.5% in 2019 and is expected to maintain its lead over the forecast period owing to predominant consumption of these products during celebration occasions and parties
- Sponge products are expected to expand at the fastest CAGR of 3.7% from 2020 to 2027 on account of the rising popularity of these products among young consumers across the globe as they have a high shelf life as compared to dessert cakes
- By distribution channel, specialist retailers accounted for the largest share of more than 50.0% in 2019 and are anticipated to maintain its lead over the forecast period. Various domestic players have their own specialty stores with a wide range of artesian, dessert, and sponge product variants
- Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of 3.8% from 2020 to 2027. The rising popularity of bakery products in middle-income groups in key economies, such as China and Japan, is expected to have a positive impact on the industry growth.
Read 80 page research report with ToC on "Cake Market Size, Share & Trends Analysis Report By Product (Cupcakes, Dessert Cakes, Sponge Cakes), By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/cakes-market
Over the past few years, people around the globe have started celebrating every single moment of success, happiness, and occasion. This has introduced a trend of cake cutting and a small get-together party. These occasions may include birthdays, weddings, marriage anniversary, Christmas, Valentine's Day, work anniversary, and various other special calendar days. The young generation, millennials, and working-class population have started celebrating their promotions, college scholarships, and even their pet's birthday. In short, cake has become a way to celebrate very special moments of life. These consumer trends are propelling the demand for the cake at the global level.
Various confectionary companies are launching their products in cake flavor in order to cater to the rising customer demand for the cakes. For instance, in December 2019, Dunkin' Brands in Japan launched delicious and icy cake featuring some of the most familiar characters from the iconic series, the 'Galaxy Palette' under the brand name 'Baskin Robbins'. These new product launches are propelling the demand in the market.
Europe emerged as the largest regional market with a share of more than 30.0% in 2019. European countries such as Switzerland, Belgium, France, Italy, and Austria are famous for their delicious bakery products, especially cakes. Furthermore, new product launches in terms of gluten-free cakes and pastries targeted for health-conscious consumers are expected to have a positive impact on industry growth.
Grand View Research has segmented the global cake market based on product, distribution channel, and region:
- Cake Product Outlook (Revenue, USD Million, 2016 - 2027)
- Cupcakes
- Dessert
- Sponge
- Others
- Cake Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- Supermarket/Hypermarket
- Specialist Retailers
- Convenience Stores
- Others
- Cake Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Europe
- Germany
- The U.K
- France
- Asia Pacific
- Japan
- China
- Central & South America
- Brazil
- Middle East & Africa
- North America
- List of Key Players of Cake Market
- Finsbury Food Group Plc.
- Yamazaki Baking Co., Ltd.
- MCKEE FOODS
- Grupo Bimbo
- BreadTalk Group Limited
- Hostess Brands, LLC.
- Monginis
- George Weston Limited
- Campbell Soup Company (Pepperidge Farm)
- Britannia Industries Limited
Find more research reports on Consumer F&B Industry, by Grand View Research:
- Cake Mixes Market – The global cake mixes market size was valued at USD 1.24 billion in 2018. The market is estimated to expand at a CAGR of 3.77% over the forecast period.
- Frozen Bakery Market – The global frozen bakery market size was valued at USD 7.54 billion in 2018 and is expected to register a CAGR of 4.8% from 2018 to 2025.
- Vegan Baking Ingredients Market – The global vegan baking ingredients market size was valued at USD 1.1 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2019 to 2025.
Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
~ ~ ~
OPENING PHOTO grapplingstars.com, femcompetitor.com fciwomenswrestling.com articles, unsplash.com unsplash.com- Dominique-Troy
https://www.bakersmaninc.com/pricing-flavors/specialty-theme-cakes-pricing-flavors/
https://www.thekitchn.com/10-most-popular-cakes-of-2019-22972803
https://www.brainyquote.com/topics/cake-quotes
https://www.wikihow.com/Make-a-Cake-Vegan
https://fciwomenswrestling.com/
https://www.fcielitecompetitor.com/
