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PUBLISHER: Grand View Research | PRODUCT CODE: 1433545
PUBLISHER: Grand View Research | PRODUCT CODE: 1433545
Cake Market Size, Share & Trends Analysis Report By Product (Cupcakes, Sponge Cakes), By Distribution Channel (Foodservice, Retail), By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 91 Pages
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Cake Market Growth & Trends:
The global cake market size was anticipated to reach USD 80.42 billion by 2030 and it is projected to grow at a CAGR of 3.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increase in e-commerce platforms has made it easier for consumers to access a wide variety of cakes, from cupcakes, muffins, and sheet cakes to cheesecakes. In addition, manufacturers are launching innovative cake options like gluten-free, sugar-free, and organic to cater to evolving consumer tastes and preferences. These factors are expected to drive the demand for cakes during the forecast period.
The online platform serves as a powerful showcase for the creativity of cake artisans. E-commerce websites and social media platforms provide a visual feast, allowing cake businesses to display their intricate designs and assorted flavors. This virtual storefront attracts local customers and captures the attention of a broader online audience searching for unique and visually appealing cakes. The ability to showcase products through high-quality images and detailed descriptions enhances the overall customer experience, enticing them to explore and indulge in the offerings.
The rise of personalized and customizable cake options is another opportunity e-commerce has facilitated within the global market. Online platforms often provide user-friendly interfaces that allow customers to tailor their cake orders according to specific preferences, from flavors and fillings to designs and decorations. This level of personalization enhances customer satisfaction and encourages repeat business as individuals seek to create unique experiences for various occasions.
The dessert cakes segment held the largest market size in 2023. Consumers are increasingly seeking unique and visually appealing dessert options, and cake manufacturers are responding by introducing creative and gourmet flavors, textures, and designs. This emphasis on innovation contributes to the dynamism of the market, keeping it vibrant and adaptable to changing consumer trends.
Asia Pacific held the largest revenue share of the market. The Asia Pacific region's population exhibits diverse tastes and preferences, and consumers in this region are known for their willingness to experiment with various flavors, ingredients, and food formats. In response to this, manufacturers operating in the food industry consistently innovate and constantly expand and diversify their product portfolios. The rising acceptance of convenience foods is a significant factor contributing to the growth of Asia's market. The fast-paced and hectic lifestyles of consumers in this region have led to an increased demand for convenient food products that are quick to prepare and easy to consume.
Cake Market Report Highlights:
- Based on product, the cupcakes segment is expected to grow at the fastest CAGR of 4.3% from 2024 to 2030. Cupcakes offer convenient single serving sizes, versatility in flavors and decorations, and appeal for special occasions, which is expected to drive the segment growth during the forecast period
- Based on distribution, cake sales through the foodservice segment is expected to grow at the fastest CAGR of 3.7% from 2024 to 2030. The expansion of the foodservice industry, including restaurants, cafes, and catering services, coupled with the rising trend of including cakes on their menus, is expected to drive the market growth during the forecast period
- Central & South America is expected to grow at the fastest CAGR of 3.2% from 2024 to 2030. The rise of modern supermarkets and bakery chains across the region has made cakes more readily available and accessible to consumers. Furthermore, cakes are now enjoyed more casually as part of everyday life and are not limited to being primarily consumed during festive occasions, which drives the market growth in the region
Product Code: GVR-4-68038-883-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Regional Outlook
Chapter 3. Cake Market Variables & Trends
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Suppliers Outlook
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier Power
- 3.4.1.2. Buyer Power
- 3.4.1.3. Substitution Threat
- 3.4.1.4. Threat from New Entrant
- 3.4.1.5. Competitive Rivalry
- 3.4.1. Industry Analysis - Porter's
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Service Provider Adoption
- 4.5. Observations & Recommendations
Chapter 5. Cake Market: Product Analysis & Estimates
- 5.1. Product Movement Analysis & Market Share, 2023 & 2030
- 5.1.1. Cupcakes
- 5.1.1.1. Cupcakes market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2. Sponge Cakes
- 5.1.2.1. Sponge cakes market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3. Dessert Cakes
- 5.1.3.1. Dessert cakes market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.4. Others
- 5.1.4.1. Other cakes market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.1. Cupcakes
Chapter 6. Cake Market: Distribution Channel Analysis & Estimates
- 6.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 6.1.1. Foodservice
- 6.1.1.1. Cake market estimates and forecast, by foodservice, 2018 - 2030 (USD Million)
- 6.1.2. Retail
- 6.1.2.1. Cake market estimates and forecast, by retail sales channel, 2018 - 2030 (USD Million)
- 6.1.2.2. Hypermarkets & Supermarkets
- 6.1.2.2.1. Cake market estimates and forecast, by hypermarkets & supermarkets, 2018 - 2030 (USD Million)
- 6.1.2.3. Specialty Stores
- 6.1.2.3.1. Cake market estimates and forecast, by specialty stores, 2018 - 2030 (USD Million)
- 6.1.2.4. Online
- 6.1.2.4.1. Cake market estimates and forecast, by online sales channels, 2018 - 2030 (USD Million)
- 6.1.2.5. Others
- 6.1.2.5.1. Cake market estimates and forecast, by other sales channels, 2018 - 2030 (USD Million)
- 6.1.1. Foodservice
Chapter 7. Cake Market: Regional Estimates & Trend Analysis
- 7.1. Cake Market: Regional Outlook
- 7.2. North America
- 7.2.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.2.3. U.S.
- 7.2.3.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.2.3.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.2.4. Canada
- 7.2.4.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.2.5. Mexico
- 7.2.5.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.3. UK
- 7.3.3.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.3.3.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.4. Germany
- 7.3.4.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.5. France
- 7.3.5.1. Market estimates and forecast, by product 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.4.3.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.5.3. Brazil
- 7.5.3.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.5.3.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.6.3. South Africa
- 7.6.3.1. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 7.6.3.2. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Chapter 8. Cake Market: Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2023 (Value % Share)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Expansion
- 8.8.2. New Product Launches
- 8.8.3. Mergers and Acquisitions/Partnerships
- 8.9. List of key companies analyzed in this section includes:
- 8.9.1. Pepperidge Farm (Campbell Soup Company)
- 8.9.2. Bimbo Bakeries USA (Grupo Bimbo)
- 8.9.3. Hostess Brands, Inc.
- 8.9.4. McKee Foods
- 8.9.5. Balconi S.p.A.
- 8.9.6. Monginis
- 8.9.7. Merwans Confectioners Pvt. Ltd
- 8.9.8. Britannia Industries Limited
- 8.9.9. Bake'n Joy Foods, Inc.
- 8.9.10. Bonn
Product Code: GVR-4-68038-883-1
List of Tables
- Table 1. Cake market - Driving factor market analysis
- Table 2. Cake market - Restraint factor market analysis
- Table 3. Cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 4. Cupcakes market estimates and forecast, 2018 - 2030 (USD Million)
- Table 5. Sponge cakes market estimates and forecast, 2018 - 2030 (USD Million)
- Table 6. Dessert cakes market estimates and forecast, 2018 - 2030 (USD Million)
- Table 7. Other cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 8. Cake market estimates and forecast through foodservice, 2018 - 2030 (USD Million)
- Table 9. Cake market estimates and forecast through retail, 2018 - 2030 (USD Million)
- Table 10. Cake market estimates and forecast through hypermarkets & supermarkets, 2018 - 2030 (USD Million)
- Table 11. Cake market estimates and forecast through specialty stores, 2018 - 2030 (USD Million)
- Table 12. Cake market estimates and forecast through online channels, 2018 - 2030 (USD Million)
- Table 13. Cake market estimates and forecast through other distribution channels, 2018 - 2030 (USD Million)
- Table 14. North America cake market estimates and forecast, 2018 - 2030, (USD Million)
- Table 15. North America cake market estimates and forecast, by product, 2018 - 2030, (USD Million)
- Table 16. North America cake market estimates and forecast, by distribution channel, 2018 - 2030, (USD Million)
- Table 17. U.S. cake market estimates and forecast, 2018 - 2030, (USD Million)
- Table 18. U.S. cake market estimates and forecast, by product, 2018 - 2030, (USD Million)
- Table 19. U.S. cake market estimates and forecast, by distribution channel, 2018 - 2030, (USD Million)
- Table 20. Canada cake market estimates and forecast, 2018 - 2030, (USD Million)
- Table 21. Canada cake market estimates and forecast, by product, 2018 - 2030, (USD Million)
- Table 22. Canada cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 23. Mexico cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 24. Mexico cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 25. Mexico cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 26. Europe cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 27. Europe cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 28. Europe cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 29. Germany cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 30. Germany cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 31. Germany cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 32. UK cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 33. UK cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 34. UK cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 35. France cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 36. France cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 37. France cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 38. Asia Pacific cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 39. Asia Pacific cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 40. Asia Pacific cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 41. China cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 42. China cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 43. China cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 44. India cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 45. India cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 46. India cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 47. Japan cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 48. Japan cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 49. Japan cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 50. Central & South America cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 51. Central & South America cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 52. Central & South America cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 53. Brazil cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 54. Brazil cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 55. Brazil cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 56. Middle East & Africa cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 57. Middle East & Africa cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 58. Middle East & Africa cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 59. South Africa cake market estimates and forecast, 2018 - 2030 (USD Million)
- Table 60. South Africa cake market estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 61. South Africa cake market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 62. Company categorization
List of Figures
- Fig. 1 Cake Market Snapshot
- Fig. 2 Cake Market Segmentation & Scope
- Fig. 3 Cake Market Penetration & Growth Prospect Mapping
- Fig. 4 Cake Market Value Chain Analysis
- Fig. 5 Cake Market Dynamics
- Fig. 6 Cake Market Porter's Analysis
- Fig. 7 Cake Market: Product Movement Analysis
- Fig. 8 Cake Market: Distribution Channel Movement Analysis
- Fig. 9 Cake Market: Regional Movement Analysis
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