diff --git a/packages/gatsby-plugin-sharp/src/index.js b/packages/gatsby-plugin-sharp/src/index.js
index c7d789a5d2750..8895e2179a4aa 100644
--- a/packages/gatsby-plugin-sharp/src/index.js
+++ b/packages/gatsby-plugin-sharp/src/index.js
@@ -10,7 +10,7 @@ const { scheduleJob } = require(`./scheduler`)
 const { createArgsDigest } = require(`./process-file`)
 const { reportError } = require(`./report-error`)
 const { getPluginOptions, healOptions } = require(`./plugin-options`)
-const { memoizedTraceSVG } = require(`./trace-svg`)
+const { memoizedTraceSVG, notMemoizedtraceSVG } = require(`./trace-svg`)
 
 const imageSizeCache = new Map()
 const getImageSize = file => {
@@ -202,40 +202,49 @@ async function generateBase64({ file, args, reporter }) {
   return base64output
 }
 
-const base64CacheKey = ({ file, args }) => `${file.id}${JSON.stringify(args)}`
+const generateCacheKey = ({ file, args }) => `${file.id}${JSON.stringify(args)}`
 
-const memoizedBase64 = _.memoize(generateBase64, base64CacheKey)
+const memoizedBase64 = _.memoize(generateBase64, generateCacheKey)
 
-const cachifiedBase64 = async ({ cache, ...arg }) => {
-  const cacheKey = base64CacheKey(arg)
+const cachifiedProcess = async ({ cache, ...arg }, genKey, processFn) => {
+  const cachedKey = genKey(arg)
+  const cached = await cache.get(cachedKey)
 
-  const cachedBase64 = await cache.get(cacheKey)
-  if (cachedBase64) {
-    return cachedBase64
+  if (cached) {
+    return cached
   }
 
-  const base64output = await generateBase64(arg)
+  const result = await processFn(arg)
+  await cache.set(cachedKey, result)
 
-  await cache.set(cacheKey, base64output)
-
-  return base64output
+  return result
 }
 
 async function base64(arg) {
   if (arg.cache) {
     // Not all tranformer plugins are going to provide cache
-    return await cachifiedBase64(arg)
+    return await cachifiedProcess(arg, generateCacheKey, generateBase64)
   }
 
   return await memoizedBase64(arg)
 }
 
-async function getTracedSVG(options, file) {
+async function traceSVG(args) {
+  if (args.cache) {
+    // Not all tranformer plugins are going to provide cache
+    return await cachifiedProcess(args, generateCacheKey, notMemoizedtraceSVG)
+  }
+  return await memoizedTraceSVG(args)
+}
+
+async function getTracedSVG({ file, options, cache, reporter }) {
   if (options.generateTracedSVG && options.tracedSVG) {
     const tracedSVG = await traceSVG({
-      file,
       args: options.tracedSVG,
       fileArgs: options,
+      file,
+      cache,
+      reporter,
     })
     return tracedSVG
   }
@@ -380,7 +389,7 @@ async function fluid({ file, args = {}, reporter, cache }) {
     base64Image = await base64({ file, args: base64Args, reporter, cache })
   }
 
-  const tracedSVG = await getTracedSVG(options, file)
+  const tracedSVG = await getTracedSVG({ options, file, cache, reporter })
 
   // Construct src and srcSet strings.
   const originalImg = _.maxBy(images, image => image.width).src
@@ -503,7 +512,7 @@ async function fixed({ file, args = {}, reporter, cache }) {
     })
   }
 
-  const tracedSVG = await getTracedSVG(options, file)
+  const tracedSVG = await getTracedSVG({ options, file, reporter, cache })
 
   const fallbackSrc = images[0].src
   const srcSet = images
@@ -539,10 +548,6 @@ async function fixed({ file, args = {}, reporter, cache }) {
   }
 }
 
-async function traceSVG(args) {
-  return await memoizedTraceSVG(args)
-}
-
 function toArray(buf) {
   var arr = new Array(buf.length)
 
diff --git a/packages/gatsby-remark-images/src/index.js b/packages/gatsby-remark-images/src/index.js
index 3ae2d38ad3211..80463f9dac52b 100644
--- a/packages/gatsby-remark-images/src/index.js
+++ b/packages/gatsby-remark-images/src/index.js
@@ -235,6 +235,7 @@ module.exports = (
         file: imageNode,
         args,
         fileArgs: args,
+        cache,
         reporter,
       })
 
diff --git a/packages/gatsby-transformer-sharp/src/extend-node-type.js b/packages/gatsby-transformer-sharp/src/extend-node-type.js
index 712f897b4da8d..bf67249770767 100644
--- a/packages/gatsby-transformer-sharp/src/extend-node-type.js
+++ b/packages/gatsby-transformer-sharp/src/extend-node-type.js
@@ -41,11 +41,13 @@ function toArray(buf) {
   return arr
 }
 
-const getTracedSVG = async ({ file, image, fieldArgs }) =>
+const getTracedSVG = async ({ file, image, fieldArgs, cache, reporter }) =>
   traceSVG({
     file,
     args: { ...fieldArgs.traceSVG },
     fileArgs: fieldArgs,
+    cache,
+    reporter,
   })
 
 const fixedNodeType = ({
@@ -63,7 +65,12 @@ const fixedNodeType = ({
         base64: { type: GraphQLString },
         tracedSVG: {
           type: GraphQLString,
-          resolve: parent => getTracedSVG(parent),
+          resolve: parent =>
+            getTracedSVG({
+              ...parent,
+              cache,
+              reporter,
+            }),
         },
         aspectRatio: { type: GraphQLFloat },
         width: { type: GraphQLFloat },
@@ -195,7 +202,12 @@ const fluidNodeType = ({
         base64: { type: GraphQLString },
         tracedSVG: {
           type: GraphQLString,
-          resolve: parent => getTracedSVG(parent),
+          resolve: parent =>
+            getTracedSVG({
+              ...parent,
+              cache,
+              reporter,
+            }),
         },
         aspectRatio: { type: GraphQLFloat },
         src: { type: GraphQLString },
@@ -417,7 +429,12 @@ module.exports = ({
           src: { type: GraphQLString },
           tracedSVG: {
             type: GraphQLString,
-            resolve: parent => getTracedSVG(parent),
+            resolve: parent =>
+              getTracedSVG({
+                ...parent,
+                cache,
+                reporter,
+              }),
           },
           width: { type: GraphQLInt },
           height: { type: GraphQLInt },