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The cakes market size is forecast to increase by USD 10,046.9 billion at a CAGR of 3.6% between 2023 and 2028. The cakes market is witnessing significant growth due to the increasing preference for convenience foods among the growing millennial population. This trend is driving the demand for cakes from various retail formats, including supermarkets and hypermarkets, convenience stores, specialist retailers, artisanal bakeries, online stores, and food service outlets. Additionally, the rising demand for sugar-free bakery products is another key trend in the market, as consumers seek healthier alternatives. However, the increasing obesity rate may pose a challenge to market growth, as governments and health organizations continue to promote healthy eating. Furthermore, the influence of celebrity chefs and the emphasis on freshness, particularly in chocolate and vanilla cakes, are also shaping the cake market landscape. Overall, the market is expected to experience steady growth, with key players focusing on innovation, product development, and expanding their retail footprint to cater to diverse consumer preferences.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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