This report was recently updated on April 12 2024 with the latest and most recent
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Global Cake Market Size, Trends and Analysis - Forecasts 2026 By Product (Cupcakes, Dessert Cakes, Sponge Cakes), By Distribution Channel (Convenience stores, Supermarkets, Artisanal bakeries and Online retailers), By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, CSA), End User Landscape and Company Market Share Analysis & Competitor Analysis
Cake Market Insights
The cake market is expected to grow at a high CAGR during the forecast period. The growing number of cake orders for birthday parties, business parties and celebration of success parties are driving the market growth. Rising demand for cakes as dessert post meals during dine-out and weekend parties among millennials and Generation Z consumers across the globe are also driving the market growth for cakes. Growing trend of celebrating various types of special occasions, success or any festivals, such as birthday, wedding, marriage anniversary, Valentine’s Day, Christmas, pet’s birthday, and work anniversary among others is propelling the market growth.
Cake Market Size: By Product
On the basis of product, the market is segmented into cupcakes, dessert cakes, and sponge cakes. Sponge cakes segment is expected to grow at a high CAGR during the forecast period. Rising popularity among young consumers across the globe is driving the market growth for sponge cakes. Sponge cakes have a high shelf life as compared to dessert counterparts. Sponge cakes are consumed fresh as well as they can be consumed after a week. Desert cakes are expected to hold the largest market share during the forecast period. These products are widely consumed fresh in various occasions and they are also consumed after meals in various countries as a part of the dessert.
Cake Market: By Distribution Channel
On the basis of the distribution channel, the market is segmented into convenience stores, supermarkets and hypermarkets, artisanal bakeries and online retailers. Growing number of speciality stores in developing nations is driving the market growth. Online retailers’ segment is expected to grow at a high CAGR during the forecast period owing to increase in food delivery items like desserts, cupcakes to celebrate the special occasions during the pandemic. Growing number of smart phone users and increasing use of the internet are driving the market growth for online retailers.
Cake Market: By Region
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Middle-East & Africa and CSA. The Asia-Pacific region is expected to grow at a high CAGR during the forecast period. Bakery industry in India is showing upward trend with changing consumer lifestyle and habits with inclination towards healthy products in the cake industry as well. North America is expected to dominate the market during the forecast period owing to increasing trend towards healthy lifestyle and customer satisfaction in the region.
Cake Market Share and Competitor Analysis
Key players operating in the market include: Finsbury Food Group Plc, MCKKE FOODS, Monginis, Hostess Brands, Yamazaki Baking Co, Ltd, Campbell Soup Company, George Weston Limited, and Britannia Industries Limited.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Cake Market Report
Cake Market: By Products
Cake Market: By Distribution Channel
Cake Market: By Region
The global Cake Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cake Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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