DUBLIN, August 31, 2021–(BUSINESS WIRE)–The “Cakes Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s providing.
The muffins market is projected to register a CAGR of three.5% through the forecast interval, 2021-2026.
Corporations Talked about
Key Market Developments
Rise in In-store Bakeries is Growing the Cake Demand
The rise in grocery store in-store bakeries is projected to draw a major variety of shoppers, additional contributing to accelerated market development. Shoppers are on the lookout for value-based merchandise and are drawn to artisanal bakeries with high-margin merchandise. The in-store bakeries present in supermarkets or hypermarkets have a relatively small ground space. Nonetheless, they provide an intensive vary of fresh-baked merchandise with clear labels and more healthy components, owing to the demand from health-conscious shoppers.
An growing quantity of muffins in in-store bakeries has been considerably noticed, as muffins are dominating the dessert class in in-store bakeries. Likewise, muffins are indulgent merchandise that entice shoppers purchasing in supermarkets. The worth-conscious shoppers are spending on decrease priced muffins supplied by in-store bakeries, and the comfort of one-stop purchasing additional provides to the gross sales of the market.
Growing Consumption Fee of Desserts in Asia-Pacific
Asia-Pacific is turning into a key market, as rising disposable revenue, urbanization, and the demand for western-style diets are supporting the expansion in gross sales of baked items and muffins. China is about to turn out to be the second-largest baked items market globally by 2022, with muffins being one of the in style segments. These markets are engaging to main corporates, which see the potential for important gross sales development.
In international locations equivalent to India, as shoppers’ choice for nutritious and eye-appealing merchandise develop, manufacturers working within the muffins market have additional improved merchandise’ shelf-life with none compromise on style and organoleptic properties, which has ultimately led cake producers to change from recent to frozen classes in nearly all of the bakery segments. At current, the market development is, nevertheless, hampered by inadequate provide chains and logistics methods, together with infrastructure constraints equivalent to temperature necessities of sure muffins and efficient pH required for components, which have restricted the penetration price of merchandise additional.
Key Matters Lined:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s 5 Forces Evaluation
5 MARKET SEGMENTATION
5.1 By Kind
5.1.1 Packaged
5.1.2 Unpackaged/Artisanal
5.2 By Product Sort
5.2.1 Cupcakes
5.2.2 Dessert Desserts
5.2.3 Cheesecakes
5.2.4 Sponge Desserts
5.2.5 Different Desserts
5.3 By Distribuiton Channel
5.3.1 Supermarkets/Hypermarkets
5.3.2 Specialist Retailers
5.3.3 Comfort Shops
5.3.4 Different Distribution Channels
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Remainder of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Remainder of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Remainder of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Remainder of South America
5.4.5 Center-East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Remainder of Center-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Share Evaluation
6.2 Most Energetic Corporations
6.3 Key Methods Adopted
6.4 Firm Profiles
6.4.1 American Baking Firm
6.4.2 Britannia Industries
6.4.3 Euro Desserts
6.4.4 Basic Mills Inc.
6.4.5 Flower Meals
6.4.6 George Weston Restricted
6.4.7 Grupo Bimbo
6.4.8 CSM Bakery Options
6.4.9 Wealthy Merchandise Company
6.4.10 McKee Meals
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For extra details about this report go to https://www.researchandmarkets.com/r/kghn61
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