Global Cake Toppings Market Overview:
Cake toppings are used to increase the visual attractiveness and overall taste of the cake. They are applied to the cake after it is prepared. Cake toppings are widely used in western culture. There is a number of types of cake toppings like frosting - This is a thick, opaque mixture that is used to top and cover the outsides of cakes, icing - is a thin combination of confectioners powdered sugar and liquid that can be brushed on or spread with a pastry brush. Apart from this glaze and filling are also used as a cake topping. Europe and North America are the largest markets for cake toppings because the cake is the widely consumed item in western culture.
- Increasing Consumption of Cakes on Various Occasions
- Growing Use of Cake Toppings by Bakeries to Increase the Attractiveness of Cake
- Preference For Home-Made Cake Toppings by Households
- Growing Consumption of Cakes by Developing Nations Will Boost the Demand of Cake Toppings
- Increasing Innovation in The Cake Toppings Market Will Increase the Demand of Cake Toppings
- A large number of Players in The Cake Toppings Market
- Perception Of Cake as Unhealthy Food
Some of the key players profiled in the report are Rich Products Corporation (United States), Cake Decor Group (United Kingdom), Arife Lamoulde (India), Wilton (United States), Cake Craft (India), NY Cake (United States), Dessert Foods (United States), CK Products (United States), Callebaut (India), 2M Cocoa (India) and Cake Décor (United Kingdom). Considering Market by Speciality, the sub-segment i.e. Allergen Free will boost the Cake Toppings market. Considering Market by Sales Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Cake Toppings market.
Latest Market Insights:
On 30th April 2021, Orkla Food Ingredients has finalized the purchase of Cake Décor Limited (Cake Décor) and For All Baking Limited from Cake Décor Limited (Cake Décor) (FAB). From its headquarters in Glasgow, Scotland, the firms make and sell cake decorations and accessories for online sales, bakers, and grocery shops. Orkla Food Ingredients has entered into an agreement to buy 100% of the shares of Cake Décor and FAB through its wholly-owned subsidiary NIC Enterprises Limited.
There are no market leaders in the cake toppings market and the market is segmented. Local players dominate in this market due to easy supply chain management and cheap transportation. The market has a large number of players. Superior quality is essential to survive in this market due to a large number of players. There is an opportunity to expand in the Asia Pacific as it has a large population.
What Can be Explored with the Cake Toppings Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cake Toppings Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cake Toppings
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cake Toppings market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cake Toppings market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cake Toppings Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Cake Toppings Market?
The Cake Toppings market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Cake Toppings Market?
Top performing companies in the Global Cake Toppings market are Rich Products Corporation (United States), Cake Decor Group (United Kingdom), Arife Lamoulde (India), Wilton (United States), Cake Craft (India), NY Cake (United States), Dessert Foods (United States), CK Products (United States), Callebaut (India), 2M Cocoa (India) and Cake Décor (United Kingdom), to name a few.
3. What trending factors would impact Cake Toppings Market growth most?
"Introduction Of Low-Carb Cake Toppings" is seen as one of major influencing trends for Cake Toppings Market during projected period 2020-2026.