Global Cake Market Size, Trends, and Growth Opportunity, By Product Type (Cupcakes, Dessert, Sponge, Other), By Distribution Channel (Supermarket/Hypermarket, Specialist Retailers, Convenience Stores, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Cake Market
The Global Cake Market was valued at USD 46.06 billion in 2022 and is expected to expand to USD 58.76 billion in 2030 at a CAGR of 3.09% during the forecast period 2023-2030.
Cakes are bakery desserts made using flour, sugar, butter, and other ingredients.
Market Drivers
The growing popularity of celebrating various types of special occasions and success through cake cutting increases the demand for cakes as desserts, and post-desserts during parties among people driving the cake market growth during the forecast period.
Furthermore, the growing number of working professionals increases the demand for ready-to-eat, tasty, accessible foods like cupcakes, sweet pies, and muffins propelling the growth of the market. Additionally, rising urbanization and changing lifestyles due to the adoption of Western culture increase the demand for bakery products which boosts the market growth.
The rising health awareness among peoples shifted the preference towards high-nutritional-based cakes which offers health benefits, as the International Journal of Home Science in 2017 concluded that, the iron-fortification of cake can be a way to prevent iron deficiency in adolescent girls fuels the market growth.
Market Restraints
Cakes contain a high amount of calories and fats due to the utilization of butter and shortenings, which involves various health issues such as obesity and diabetes which hinders the growth of the Cake market.
COVID-19 Impact on Cake Market
The outbreak of covid-19 shows a positive impact on the market as it increases the demand for Cake and bakery products for the household sector due to rising consumption of these products for breakfast, coffee breaks, and other occasions driving the market growth during the pandemic.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the cake market:
Disruptions in the supply chain: Many cake manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting inhalable drug production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for cake in the region.
Market Segmentation
The Global Cake Market is segmented on the basis of Product Type, Distribution Channel, and Region. On the basis of Product Type, it is segmented into Cupcakes, Desserts, Sponge, and Others. Based on Distribution Channel, it is segmented into supermarkets/hypermarkets, Specialist Retailers, Convenience Stores, and Others. Based on Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
Europe is likely to dominate the market over the forecast period owing to it being famous for its delicious bakery products, mostly cakes. Additionally, the increasing number of food tourists also driven the market
Asia Pacific is also anticipated to witness substantial growth during the forecast period due to the rising population and growing bakers.
Global Cake Market
Various key players are listed in this report such as Finsbury Food Group Plc, Yamazaki Baking Co Ltd, MCKEE FOODS, Grupo Bimbo, BreadTalk Group Limited, Hostess Brands LLC, Monginis, George Weston Limited, Campbell Soup Company (Pepperidge Farm), Britannia Industries Limited.
Market Taxonomy
By Product Type
• Cupcakes
• Dessert
• Sponge
• Other
By Distribution Channel
• Supermarket/Hypermarket
• Specialist Retailers
• Convenience Stores
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Cake Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Cake Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cake Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cake Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.3 Global Cake Market Share Analysis, By Product Type
5.3 Global Cake Market Size and Forecast, By Product Type
5.3.1 Cupcakes
5.3.2 Dessert
5.3.3 Sponge
5.3.4 Other
6 Global Cake Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Cake Market Share Analysis, By Distribution Channel
6.3 Global Cake Market Share Analysis, By Distribution Channel
6.3.1 Supermarket/Hypermarket
6.3.2 Specialist Retailers
6.3.3 Convenience Stores
6.3.4 Others
7 Global Cake Market, By Region
7.1 Global Cake Market Share Analysis, By Region
7.2 Global Cake Market Share Analysis, By Region
8 North America Cake Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Cake Market Share Analysis, By Product Type
8.3 North America Cake Size and Forecast, By Distribution Channel
8.4 North America Cake Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Cake Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Cake Market Share Analysis, By Product Type
9.3 Europe Cake Market Size and Forecast, By Distribution Channel
9.4 Europe Cake Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Cake Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia-Pacific Cake Market Size and Forecast, By Product Type
10.3 Asia-Pacific Cake Market Size and Forecast, By Distribution Channel
10.4 Asia-Pacific Cake Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Cake Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Cake Market Size and Forecast, By Product Type
11.3 Latin America Cake Market Size and Forecast, By Distribution Channel
11.4 Latin America Cake Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America
12 Middle East Cake Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Cake Market Share Analysis, By Product Type
12.3 Middle East Cake Market Size and Forecast, By Distribution Channel
12.4 Middle East Cake Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. Finsbury Food Group Plc
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Yamazaki Baking Co Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. MCKEE FOODS
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. Grupo Bimbo
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. BreadTalk Group Limited
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. Hostess Brands LLC
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Monginis
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. George Weston Limited
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. Campbell Soup Company (Pepperidge Farm)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. Britannia Industries Limited
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
