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Increasing popularity of customizable cakes is expected to gain market share in the Global Cake Model Market during the forecast period 2018-2023

(Entertainment-NewsWire.com, September 03, 2018 ) Overview:
In the year 2018, Global Cake Model Market was valued at USD 67.71 Billion. By the year 2023, it is expected to reach USD 80.42 Billion at pace of 3.50% CAGR.

Cake mix can be defined as dried pre-mixes used for baking cakes by using eggs or egg replacers. They are usually divided into three types likely mix, dough concentrates, and dough base. Cake mixes reduces preparation time and provide convenience usage to consumers, food service operations, and industrial-scale bakeries.

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Underlying Causes:
The growth for Cake Model market is driven due to factors like increasing number of bakeries, rapid urbanization, changing consumer preferences towards bakery food products, growing popularity of customizable cakes, and rising disposable incomes. In addition, introduction of natural flavor cakes or sugar and egg free cake, and continuous innovations in cakes are likely to propel market growth. However, risk of health issues like obesity and diabetes in high consumption of cakes and stringent regulatory policies are the major constraints which may affect the global cake market.

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Geographic Segmentation:
Based on geography the Cake Model market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global cake model market followed by Europe due increasing demand for cake related products and presence of large number of bakery and confectionaries in this region. Asia-Pacific region like India and China are rapidly growing due to rapid urbanization, increasing demand for bakery food products, and rising disposable incomes is expected to contribute high growth rate for Cake Model Market during the forecast period.

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Key Players:
Leading companies for Global Cake Model market are American Baking Company, Aryzta, BreadTalk, Britannia, Edwards Cake & Candy Supplies, Mulino bianco, Pepperidge Farm, Tyson Food, Yamazaki Baking, Hostess Brands, McKee Foods, Monginis, Flower Foods, George Weston, Groupo Bimbo, and Hillshire Brands.

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