Global Cake Gel Market - 2023-2030

Global Cake Gel Market - 2023-2030

Global Cake Gel Market reached US$ 1.5 billion in 2022 and is expected to reach US$ 2.07 billion by 2030, growing with a CAGR of 4.16% during the forecast period 2023-2030.

Bakery products are highly preferred by the majority of consumers on a global basis due to their high taste and flavor abilities. Cakes and cake products are some of the most important and highly used bakery products worldwide. Cakes are highly preferred in various kinds of celebrations and gatherings. The high demand for cakes and cake products positively helps in improving the market for various ingredients and additives used in cake preparation.

Cake gels are used as one of the key ingredients in cake making and processing. The high functionality of the cake gels in improving the overall product quality, stability and flavor increases its demand in cake making. In addition, the increasing demand for convenience food products also helps in the boosting market growth. Manufacturers are introducing new and trending products to meet consumer demand.

With the high demand for clean-label products, manufacturers are also focusing on the production of clean-label emulsifiers. In September 2023, Vantage Food, a market leader in the food industry announced the launch of Simply Kake, a clean-label cake emulsifier to enhance the functionality of cake. The product is used as an alternative to conventional emulsifiers and is claimed to help food formulators enhance the quality of bakery products by improving their texture and making a lighter cake.

Dynamics

High Functionality of the Cake Gels

Cake gel is used as one of the most important additives in cake and cake products. The high functionality of the cake gel increases its demand in the cake industry and other food services sectors of cake making. Cake gel acts as an emulsifier and helps maintain the stability of the cake. The role of cake gel in enhancing the flavor and freshness of cake increases its demand in the market.

Cake gel can be of various types such as gum & resin-based and oil-based. The easy availability of these cake gels in the form of powder, pellets, liquid and semi-solid helps in the easy processing and enhancement of the product functionality. The use of cake gels helps in shortening the whipping time, improving the cake better stability and also increasing the cake volume and help in extending the shelf life of the cake. The wide functionality of the cake gels increases its demand in the market and improves market sales.

New Product Launches

With the increased demand for cake gels from various end-users households, bakery processors and food services, manufacturers are focusing on launching new products to gain more popularity. Many manufacturers are focusing on R&D to produce a product that helps in improving the quality of the product. For instance, in December 2020, Lesenor announced the introduction of Lasenor BK, the latest range of emulsifiers that helps simplify the process of cakes and bakery mix production.

Manufacturers are introducing cake gels that can be specifically used for certain types of cake for easy processing and for food processors. For instance, in July 2020, Purix announced the launch of a gel type of emulsifier, the Purix Cake mix improver into the market. The product works as an emulsifier and stabilizer mix and provides standardized quality in the sponge. The product helps in improving the volume and texture of the sponge cake.

Increasing Health Concerns Among Consumers

The high consumption of cake and cake products can result in some health concerns such as obesity and diabetes due to the high-calorie content in those products. According to the World Health Organization 2022 statistics, more than 1 billion people globally are suffering from obesity. The severity of obesity is increasing in children too, accounting for up to 39 million according to 2022, WHO statistics.

According to IDF Diabetes Atlas 2021, 537 million adults are living with diabetes in the world. The organisation reports that the prevalence is increasing rapidly and is estimated to reach 643 million by 2030. With the increasing prevalence of obesity and diabetes globally, consumers are clearly focussing on their diet and reducing the consumption of high-calorie-based products, resulting in a decrease in market demand.

Segment Analysis

The global cake gel market is segmented based on product, nature, form, function, end-user and region.

Easy and Smooth Mixing of Ingredients

The global cake gel market is segmented based on form into powder, pellets, liquid and semi-solid. The powder form of cake gel accounted for the largest share of the global cake gel market. The powder form is highly preferred by most of the end-users due to its role in the easy and smooth mixing of all other cake ingredients. Various product launches by manufacturers drive market growth.

In May 2020, Calpro Specialities, one of India's leading manufacturers, importers and distributors of ingredients for the food & health and nutrition industry, announced the successful launch of the cake improver, CI-124. This emulsifier is available in powder form and is specifically designed for its use in cake products. The product is claimed to have a great shelf life and provides a moist taste and pure aroma for cakes.

Geographical Penetration

Increased Bakery Goods Consumption in North America

North America dominated the global cake gel market. U.S. and Canada are leading the market growth in this region with high consumer demand for bakery and cake products. The region has greater potential for bakery products as some of the baked goods such as bread are used as a staple in many areas of the region.

The high use of cake and cake mixes in the region drives the use of cake gel to improve the functionality of the end product. Cake and cake mixes are widely used at the residential and commercial levels in the U.S. and Canadian areas. Cakes are widely used in various celebrations in this region. The use of various ingredients to improve the shelf life and stability of the cake products increases the high need for the cake gel.

Competitive Landscape

The major global players in the market include Estelle Chemicals Pvt. Ltd, Bakels Sweden, Corbion N.V., BASF SE, The Puratos Group, Palsgaard, Zion International Food Ingredients Pvt. Ltd., AB Mauri India Pvt.Ltd, Vintop Products Pvt. Ltd. and Lasenor.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic had a mixed impact on the global cake gel Market. Improper facilities such as reduced raw material sourcing and workforce facilities negatively affected the market growth temporarily. The strict lockdown regulations from the government interrupted the distribution of products into the market. The shutdown of offline stores greatly reduced the of various baked goods including cakes and cake products.

The increased consumer health consciousness increased the demand for diet products. The shutdown of the bakeries and food service sectors that use cake gels decreased the market demand, negatively impacting the market growth. Further, the increased home-baking facilities and trends in the pandemic situation increased sales in the residential sector with the help of various e-commerce platforms.

Russia- Ukraine War Impact

The Russia-Ukraine war greatly impacted several industrial sectors, including the food and bakery sector. The interrupted supply chain activities on the global level created a scarcity of raw materials and other essential resources and paused the production and processing of various products, including cake and cake gels. The interrupted trade transitions had a negative impact on the market.

By Product
• Gums & Resins Based
• Oil Based
• Synthetic Emulsifiers & Textures Based
• Others

By Nature
• Organic
• Synthetic

By Form
• Powder
• Pellets
• Liquid
• Semi-Solid

By Function
• Flavouring
• Flexibility
• Freshness
• Decoration
• Stability
• Shine
• Others

By End-User
• Household
• Bakery Processors
• Gourmet Bakeries
• Food Services

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In April 2023, Bakingo, a leading cakes and desserts specialist, introduced new products in their offering with the launch of exquisite cakes with six various flavors.
• In May 2023, Macatherm, an expert in the pastry and baking industrial sector, introduced the M-DAN oven for the precise baking of pastry and other delicate products, prioritizing food safety and hygiene.
• In October 2021, Bonn Group, FMCG Company, announced the launch of cake rusk, a tasty and healthy product in chocolate and plain flavors.

Why Purchase the Report?
• To visualize the global cake gel market segmentation based on product, nature, form, function, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of cake gel market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global cake gel Market report would provide approximately 77 tables, 83 figures and 234 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies