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Australia Cake Market Size, Share, Growth, Trends, Report: By Form: Packaged, Unpackaged/Artisanal; By Product Type: Cupcakes, Cheesecakes, Dessert Cakes, Sponge Cakes, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia Cake Market Outlook
The Australia cake market size reached USD 1.13 billion in 2023. The market is expected to grow at a CAGR of 3.03% between 2024 and 2032, reaching almost USD 1.48 billion by 2032.
Key Takeaways
- The Australian Baking Industry Association reports a substantial presence of over 4,500 bakeries across the nation. This figure encompasses both retail establishments serving consumers directly and wholesale bakeries supplying ingredients or finished products to other businesses.
- Independent bakeries capture a significant share of the Australian market, holding 87.5% of the total market share.
- Further, according to NBIA, Australian bakeries offer a diverse range of baked goods, with bread leading the production share at 45.2%. Cakes follow closely behind at 27.1%, while pastries and other bakery items account for 25.4% of total production.
Evolving consumer preferences in the Australian bakery sector is creating opportunities beyond sponge cake
Australia maintains a strong affinity for sponge cake, a delectable treat known for its light and airy texture, often complemented by a cream and jam filling. However, consumer preferences are evolving within the bakery sector. Value-conscious consumers are increasingly drawn to artisanal bakeries offering premium products with higher margins, thus, contributing to the Australia cake market growth.
Furthermore, a growing demand for functional bakery items is evident, with consumers seeking products that cater to specific dietary needs. This includes options boasting organic ingredients, gluten-free alternatives, natural components, kosher certifications, and the utilization of alternative flours such as chia and rice, in lieu of traditional wheat flour.
In July 2022, Bannos unveiled a new line of gelato cakes, catering to a diverse range of taste preferences. This exciting range boasts a variety of flavors. Additionally, Bannos caters to dietary restrictions with the inclusion of both gluten-free and vegan options.
Market Segmentation
Australia Cake Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Form
- Packaged
- Unpackaged/Artisanal
Market Breakup by Product Type
- Cupcakes
- Cheesecakes
- Dessert Cakes
- Sponge Cakes
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia cake market key players are Black Velvet & Co Pty Ltd., Sugar High Australia Pty Ltd. (Cake Mail), Cakes2U, Ferguson Plarre Bakehouses Pty Ltd., Town Inn Pty Ltd. (Miss Maud), Khatib Pty Ltd. (Looma’s), Marks Quality Cakes, Mrs Jones The Baker, Sydney SmashCakes, and Sydney Cake House Sdn. Bhd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Cake Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Cake Historical Market (2018-2023)
8.3 Asia Pacific Cake Market Forecast (2024-2032)
9 Australia Cake Market Overview
9.1 Key Industry Highlights
9.2 Australia Cake Historical Market (2018-2023)
9.3 Australia Cake Market Forecast (2024-2032)
10 Australia Cake Market by Form
10.1 Packaged
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Unpackaged/Artisanal
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Cake Market by Product Type
11.1 Cupcakes
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cheesecakes
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Dessert Cakes
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Sponge Cakes
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Cake Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Specialty Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Australia Cake Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Black Velvet & Co Pty Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sugar High Australia Pty Ltd. (Cake Mail)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cakes2U
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Ferguson Plarre Bakehouses Pty Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Town Inn Pty Ltd. (Miss Maud)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Khatib Pty Ltd. (Looma’s)
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Marks Quality Cakes
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Mrs Jones The Baker
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Sydney SmashCakes
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Sydney Cake House Sdn. Bhd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Cake Market: Key Industry Highlights, 2018 and 2032
2. Australia Cake Market: Key Industry Highlights, 2018 and 2032
3. Australia Cake Historical Market: Breakup by Form (USD Billion), 2018-2023
4. Australia Cake Market Forecast: Breakup by Form (USD Billion), 2024-2032
5. Australia Cake Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. Australia Cake Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. Australia Cake Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Australia Cake Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Australia Cake Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Australia Cake Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Australia Cake Market Structure
Key Questions Answered in the Report
The market was valued at USD 1.13 billion in 2023.
The market is projected to grow at a CAGR of 3.03% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 1.48 billion in 2032.
The market is categorised according to form into packaged and unpackaged/artisanal.
The key players are Black Velvet & Co Pty Ltd., Sugar High Australia Pty Ltd. (Cake Mail), Cakes2U, Ferguson Plarre Bakehouses Pty Ltd., Town Inn Pty Ltd. (Miss Maud), Khatib Pty Ltd. (Looma’s), Marks Quality Cakes, Mrs Jones The Baker, Sydney SmashCakes, and Sydney Cake House Sdn. Bhd., among others.
Based on the distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, specialty stores, online, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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