The cake base discs market is likely to register a CAGR of 2% during the forecast period and is anticipated to reach a market share of US$ 50 Billion in 2032, from US$ 40 Billion in 2020, owing to the multitude of shapes, functions, and customization options for cake base discs.
Cake Base Discs are circular, flat, and thin layers made of sturdy materials such as cardboard, foam, or plastic that provide support to cakes. They help in transporting and decorating the cake without damaging the bottom layer. With the rising demand for decorated cakes and pastries, the Cake Base Discs Market has been witnessing steady growth over the years. This article will explore the current market trends, growth factors, challenges, and future prospects of the Cake Base Discs Market.
The Cake Base Discs Market has gained significant traction in recent years, mainly due to the growth of the bakery and confectionery industry. Cake Base Discs offer numerous benefits, such as stability, protection, and ease of handling, which have led to their widespread use in the baking industry. Furthermore, they allow bakers to customize and decorate cakes as per the customer’s requirement, leading to increased demand for Cake Base Discs.
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Market Dynamics-
The Cake Base Discs Market is expected to grow at a CAGR of 5.6% from 2021 to 2028. One of the primary drivers for this growth is the rising demand for bakery and confectionery products across the globe. The market growth is also attributed to the increased focus on aesthetics, and customization of cakes and pastries. In addition, the increasing adoption of e-commerce channels for bakery products is expected to drive the Cake Base Discs Market’s growth.
How Competition Impacts the Cake Base Discs Market?
T N Packaging, Smurfit Kappa Group plc, Sabert Corporation, Mondi Group Plc, Wilton Brands LLC, New Method Packaging, and Sun Packaging are some key players in the cake base discs market, which contribute to the substantial cake base discs market share.
The research is based on firsthand experience, industry analysts’ qualitative and quantitative analysis, and contributions from industry professionals and value chain players.
The study delves into parent market trends that influence the sales of cake base discs, as well as regulating factors and market attractiveness by category.The study also shows how important market factors affect market segmentation and geographies qualitatively.
Cake Base Discs Market Drivers
- Growing demand for bakery and confectionery products
- Increased focus on aesthetics and customization of cakes
- Rising popularity of e-commerce channels for bakery products
Cake Base Discs Market Restraints
- Environmental concerns regarding the disposal of plastic-based Cake Base Discs
- High competition from alternative products such as cake boards, cake drums, and cake stands
- High production costs due to the use of quality materials
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Key Segments in the Cake Base Discs Market
By Material Type:
- Cardboard Paper
- Plastic
- Aluminium Foil
- Silver Foil
- Gold Foil
- Wood
By Thickness:
- Upto 5 mm
- 5 mm – 8 mm
- 9 mm – 12 mm
- More than 12 mm
By Sales Channel:
- Manufacturers
- Distributors
- Retailers
- E-retail
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By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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