Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Cake Market to Grow at a CAGR of 3.1% During the Period 2022-2027, Driven by Demand for Celebratory Cakes and Healthy Innovations in Cake Recipes

According to a new report by EMR titled, ‘Global Cake Market Report and Forecast 2022-2027’, the global cake market is expected to grow at a CAGR of 3.1% during the period 2022-2027, driven by demand for cupcakes and healthy cakes.

The global cake market is expected to be driven by demand for cakes, cupcakes and high-end confectionary experiences. Cakes are an essential commodity to celebratory events.

Key areas include bakeries (retail, wholesale, in-store), convenience stores, colleges and universities, hotels, restaurants, cafes, and business houses (corporate dining/feeding events). Cupcakes are expected to be more in demand. Gluten-free cakes are expected to be a fast-growing segment. Further, custom cakes and designer cakes are growing in popularity. While North America and Europe are likely to be key markets, Asia Pacific is also emerging as a significant market.

Some popular cakes in different parts of USA are Red Velvet Cake, Carrot Cake, Ice Cream Cake, Strawberry Cake, Sponge Cake, Devil's Food Cake, Pistachio Cake, Cheesecake, Pumpkin Spice Cake, Chocolate Lava Cake, Cookie Cake, Chocolate Cake, Pound Cake, Butter Cake, Angel Food Cake, Funfetti Cake, and Lemon Cake, among others.

Customers are increasingly shifting towards healthier food alternatives. As a result, demand for cakes that are high-fibre, low-calorie, low-fat, sugar-free, gluten-free or contain more nuts and fruit has increased. Addition of fruit to cake recipes has found customer appeal.  Strawberry, apple, banana, coconut, and lemon are some common fruit flavours. Citrus fruits and berries, such as limes, oranges, blueberries, and raspberries are also becoming increasingly popular in baked food items, including cakes.

As customers seek memorable experiences, firms are making offerings that enable customers to purchase and decorate their cakes any way they like. Such experience-oriented offerings are expected to boost the market.

Market Analysis by Type, Flavour, Distribution Channel, and Region:

  • By type, the market is segmented into Sponge Cakes, Cup Cakes, Dessert Cakes, Cheesecakes, and Others.
  • By flavour, the market is classified into Chocolate, Vanilla, Cheese, and Others.
  • By distribution channel, the market is segmented into Hypermarkets and Supermarkets, Bakeries, Online Sales, and Others.
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports