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Global Cake Market Size, Share, Growth, Trends, Report: By Product Type: Sponge Cakes, Cup Cakes, Dessert Cakes, Cheesecakes, Others; By Flavour: Chocolate, Vanilla, Cheese, Others; By Distribution Channel: Hypermarkets and Supermarkets, Bakeries, Online Sales, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Cake Market Outlook
The global cake market is expected to grow at a CAGR of 3.1% during the period 2024-2032.
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Global Cake Market Likely to be Driven by Demand for Cupcakes, Custom Cakes, Cakes for Celebratory Occasions, 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 such as birthdays, anniversaries, graduation, promotion, Valentine’s Day, weddings, holidays and festivals. Seasonal customers include photographers, caterers, wedding planners, etc. 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. Further, custom cakes and designer cakes are growing in popularity. North America and Europe are expected to be key markets. Asia Pacific is also emerging as a significant market.
A significant feature of consumer behaviour in recent years has been increased preference of consumers for healthy food alternatives. With rising concerns towards obesity and other associated health conditions, and regulations relating to product labelling have forced cake manufacturers to look for healthier alternatives. Consequently, cakes that are high-fibre, low-calorie, low-fat, sugar-free, gluten-free or contain more nuts and fruit have become increasingly conspicuous. Such innovations are expected to drive the market.
Fruit flavours appeal to many consumers. Further, consumers perceive addition of fruit in cakes healthy. Fruit ingredients also help in extending the shelf life of baked items. 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.
Customers seek memorable experiences, and companies such as Dawn Foods seek to provide such experiences by offering “pull-me-up” glitter cakes – an emerging trend in the decorated cake sector. Such cakes have customizable flavours, and bakeries could sell customers take-home kits. According to Dawn Foods, a bakery could offer customers pre-iced cakes from the company, with glitter in a separate perishable container. Customers could decorate the cake any way they liked by wrapping a transparent cake strip around the edges and spreading whipped cream on the cake, after which chocolate ganache could be added, followed by glitter, sprinkles and other decorations.
In 2018, Corbion introduced Pristine clean-label cake solutions to assist bakery manufacturers in meeting rising demand for simplified ingredients. Corbion extended its clean-label portfolio to entail cake mixes, bases and icing stabilizers; Pristine solutions helped bakers decrease key strokes in ingredient labels by up to 42% without diluting taste or texture. Corbion's Pristine cake mixes and bases come in vanilla and chocolate flavours.
Global Cake Market Segmentation
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By product type, the market is segmented into:
- Sponge Cakes
- Cup Cakes
- Dessert Cakes
- Cheesecakes
- Others
By flavour, the market is classified into:
- Chocolate
- Vanilla
- Cheese
- Others
By distribution channel, the market is segmented into:
- Hypermarkets and Supermarkets
- Bakeries
- Online Sales
- Others
By region, the market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Cake Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- American Baking Company (ABC)
- Aryzta AG
- Flowers Foods, Inc.
- McKee Foods
- Finsbury Food Group Plc
- Pepperidge Farm Incorporated
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| 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- Product Type, Flavour, Distribution Channel, Region |
| Breakup by Product Type | Sponge Cakes, Cup Cakes, Dessert Cakes, Cheesecakes, Others |
| Breakup by Flavour | Chocolate, Vanilla, Cheese, Others |
| Breakup by Distribution Channel | Hypermarkets and Supermarkets, Bakeries, Online Sales, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | American Baking Company (ABC), Aryzta AG, Flowers Foods, Inc., McKee Foods, Finsbury Food Group Plc, Pepperidge Farm Incorporated, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cake Market Analysis
8.1 Key Industry Highlights
8.2 Global Cake Historical Market (2018-2023)
8.3 Global Cake Market Forecast (2024-2032)
8.4 Global Cake Market by Product Type
8.4.1 Sponge Cakes
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cup Cakes
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Dessert Cakes
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Cheesecakes
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Cake Market by Flavour
8.5.1 Chocolate
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Vanilla
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Cheese
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Cake Market by Distribution Channel
8.6.1 Hypermarkets and Supermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Bakeries
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online Sales
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Cake Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Cake Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cake Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cake Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cake Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cake Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 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 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 American Baking Company (ABC)
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Aryzta AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Flowers Foods, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 McKee Foods
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Finsbury Food Group Plc
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Pepperidge Farm Incorporated
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Cake Market: Key Industry Highlights, 2018 and 2032
2. Global Cake Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Cake Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Cake Historical Market: Breakup by Flavours (USD Million), 2018-2023
5. Global Cake Market Forecast: Breakup by Flavours (USD Million), 2024-2032
6. Global Cake Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Cake Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Cake Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Cake Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Cake Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Cake Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Cake Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Cake Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Cake Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Cake Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Cake Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Cake Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Cake Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Cake Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Cake Market Structure
Key Questions Answered in the Report
The global cake market is estimated to grow at a CAGR of 3.1% between 2024 and 2032.
The major drivers of the market include the growing popularity of cakes for special occasions, increased availability of cakes through supermarkets and hypermarkets and online stores, and rapid urbanisation.
The growing innovations such as the launch of new flavours are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Sponge cakes, cup cakes, dessert cakes, and cheesecakes, among others are the different product types considered in the market report.
Chocolate, vanilla, and cheese, among others, are the major market divisions, based on flavour.
Hypermarkets and supermarkets, bakeries, and online sales, among others are the different distribution channels considered within the market report.
The major players in the industry are American Baking Company (ABC), Aryzta AG, Flowers Foods, Inc., McKee Foods, Finsbury Food Group Plc, and Pepperidge Farm Incorporated, among others.
Analyst Review
The global cake market is being driven by the rising disposable income, growing popularity of cup-cakes, and the increasing population. Aided by the growing innovations by the companies and the expansion of the e-commerce industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of around 3.1%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product type, the market is divided into sponge cakes, cup cakes, dessert cakes, and cheesecakes, among others. Based on flavour, the market can be segmented into chocolate, vanilla, and cheese, among others. On the basis of distribution channel, the market can be divided into hypermarkets and supermarkets, bakeries, and online sales, among others. The major regional markets for cake are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Baking Company (ABC), Aryzta AG, Flowers Foods, Inc., McKee Foods, Finsbury Food Group Plc, and Pepperidge Farm Incorporated, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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