Research on Asia Pacific Frozen Cake Industry Strategy Analysis (Impact of Covid-19)

Length- 119 Pages | Published Date - 2023-05-11 | Report Id- 1993
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This report aims to provide a comprehensive presentation of the Asia Pacific market for Frozen Cake, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Frozen Cake.

The Frozen Cake market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the Asia Pacific Frozen Cake market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Frozen Cake manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

The Asia Pacific Frozen Cake market size in 2022 is 900.63 million US dollars, and it is expected to be 1618.05 million US dollars by 2029, with a compound annual growth rate of 8.73% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Frozen Cake market include Evirth, Ligao Foods, LeTAO, Sara Lee, and East-nine. The share of the top 3 players in the Frozen Cake market is 22.11%.

REGION SHARE:
The report covers the market size information of major regions/Countries around the world, including China, Japan, Korea, India, and etc.
---In the geographical distribution of Frozen Cake market in 2022, the Japan has the largest market size and its market share is about 41.36%, followed by China and its market share is about 26.13%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Sponge Cake, Cup Cake, etc. Application segment includes Bakeries and Pastry Shop, Restaurant and Hotel, etc.
---Dessert Cake contributes approximately 49.92% share to the market in 2022.
---Bakeries and Pastry Shop contributes approximately 43.25% share to the market in 2022.

The frozen cake market in the Asia Pacific region has witnessed several notable trends. Here are some observed market trends in the frozen cake industry in Asia Pacific:

Increasing Demand for Convenience Foods: There has been a growing demand for convenience foods, including frozen cakes, in the Asia Pacific region. Busy lifestyles, urbanization, and changing dietary preferences have led consumers to seek convenient and ready-to-eat dessert options. Frozen cakes provide an easy and quick solution for consumers looking to enjoy a delicious dessert without the need for extensive preparation.

Expansion of E-Commerce and Online Food Delivery: The rise of e-commerce and online food delivery platforms has significantly influenced the frozen cake market in Asia Pacific. Consumers can now easily purchase frozen cakes online, expanding their access to a wide range of flavors and brands. This trend has also facilitated the entry of new players into the market, leading to increased competition and innovation.

Growth of Premium and Artisanal Frozen Cakes: The demand for premium and artisanal frozen cakes has been on the rise in the Asia Pacific region. Consumers are increasingly seeking high-quality, gourmet frozen cakes made with premium ingredients and unique flavors. Artisanal bakeries and specialty dessert brands have capitalized on this trend by offering a variety of indulgent and upscale frozen cake options to cater to discerning consumer preferences.

Increasing Health and Wellness Consciousness: Health and wellness consciousness among consumers has influenced the frozen cake market in Asia Pacific. There is a growing demand for healthier frozen cake options that incorporate natural and wholesome ingredients, reduced sugar content, and cater to specific dietary preferences such as gluten-free or vegan. Manufacturers are responding to this trend by introducing healthier alternatives and incorporating functional ingredients into their frozen cake offerings.

Focus on Local and Regional Flavors: The diversity of cultures and culinary preferences in the Asia Pacific region has led to a focus on local and regional flavors in frozen cakes. Manufacturers are incorporating traditional flavors and ingredients from specific countries or regions to cater to local tastes. This trend allows consumers to experience familiar flavors and provides an opportunity for brands to differentiate themselves in the market.

Product Innovation and Packaging: Product innovation and attractive packaging have become key differentiators in the frozen cake market. Manufacturers are introducing new flavors, textures, and formats to capture consumer interest and drive sales. Additionally, visually appealing packaging designs and convenient portion sizes are being used to enhance the appeal of frozen cakes and attract consumers.

Increasing Demand for Celebration Cakes: Frozen celebration cakes, including birthday cakes and special occasion cakes, are witnessing increased demand in the Asia Pacific region. Consumers are choosing frozen cakes for their convenience, longer shelf life, and ability to customize and decorate according to their specific celebrations. This trend reflects the growing preference for frozen cakes as a convenient and cost-effective option for celebrations.
Highlights-Regions

China
Japan
Korea
India
Southeast Asia
Australia

Player list
Evirth
Ligao Foods
LeTAO
Sara Lee
East-nine
Zhejiang Newland Foods CO., LTD
Grupo Bimbo
Shinsegae Foods
Xin Wan Lai
Michigan Pastries

Types list
Sponge Cake
Cup Cake
Dessert Cake
Others

Application list
Bakeries and Pastry Shop
Restaurant and Hotel
Online Sales
Others

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