Instant cake emulsifier is a type of cake additive which manufacturers add to a range of cake products. Global instant cake emulsifier market is expected to grow significantly during the near future. Major factors driving growth of the market are growing demand of cake products in in-store bakeries, convenience stores, artisan bakeries, and coffee shops providing various baked good with innovative flavours. Moreover, increasing urbanization and rising disposable incomes have resulted in greater purchasing power. In addition, to the growing demand of on-the-go food options by millennial population which is well catered by bakery market.
The global instant cake emulsifier market report has been segmented on the basis of source, type, and region.
On the basis of source, the global instant cake emulsifier market is segmented into dairy and non-dairy. Dairy based instant cake emulsifier is expected to dominate the market in the forecast period. Whereas, non-dairy such as eggs, milk or butter based instant cake emulsifier is expected to register rapid growth in the coming years owing to changing consumers interest towards healthy lifestyle.
On the basis of type, the global instant cake emulsifier market is segmented into liquid, powder and paste.
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On the basis of region, the global instant cake emulsifier market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Currently, the market in North America dominates the global instant cake emulsifier market in terms of revenue owing to large chains of bakeries and coffee shops. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing population and changing lifestyle.
Prominent players in the global instant cake emulsifier market include Palsgaard SA, Danisco A/S, United Foods Industries, Masson Group Company Limited, FrieslandCampina Kievit, Riken Vitamin Co., Ltd., Corbion N.V., Guangzhou Kegu Food, and The Bakels Group.