Global Cake Market Size, Share & Trends Analysis Report, By Product (Cupcakes, Sponge Cakes), By Distribution Channel (Foodservice, Retail) and By Region, And Segment Forecasts, Till – 2030

Market Overview

According to Intellistic Research, the global cake market estimated at USD 65 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 2.8% from 2023 to 2030. Key players in the Cake market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic Cake market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis.

Cake MARKET DYNAMICS: KEY DRIVERS & RESTRAINTS

Growing Consumer Demand for Diverse Cake Products Boosts the Market:

The increasing demand for a variety of cakes, including cupcakes and sponge cakes, among consumers globally, is a significant driver for the Cake market's growth.

Competitions from Healthier Alternatives will restraint the market growth

The rising popularity of health-conscious choices and alternative desserts, such as fruit-based snacks, yogurt parfaits, and protein bars, poses a competitive challenge to the cake market.

How are Segments Performing in the Global Cake Market?

Cake Product Segment Breakdown:

According to Intellistic Research, the Cake market by product is segmented into Cupcakes and Sponge Cakes.

Distribution Channel Segment Breakdown:

Based on the distribution channel, the market is bifurcated into Foodservice and Retail.

Cake Geographic Exploration

According to Intellistic Research, The Asia Pacific region accounted for a significant portion of the market share in 2023, driven by rapid urbanization and increased disposable incomes. This has resulted in a change in consumer preferences towards indulgent and Western-style desserts, with cakes, in particular, symbolizing celebration and festivity in the region.

COMPETITIVE LANDSCAPE & RECENT DEVELOPMENT: Cake

The competitive landscape of the market is partially fragmented. The significant players rapidly evolve with new strategies to attain a competitive edge and capture significant market share.

• For Instance, In November 2023, Bimbo Bakeries USA, a branch of Grupo Bimbo, unveiled Entenman's inaugural baked donut cake, crafted from genuine ingredients and free from artificial colors or high fructose corn syrup. These cakes serve as a wholesome snack suitable for breakfast, midday, or evening enjoyment.

Noticeable Players Functioning in The Global Cake Market Include:

• Pepperidge Farm (Campbell Soup Company)

• Bimbo Bakeries USA (Grupo Bimbo)

• Hostess Brands, Inc., McKee Foods

• Balconi S.p.A.

• Monginis

• Merwans Confectioners Pvt. Ltd

• Britannia Industries Limited

• Bake’n Joy Foods, Inc.

• Bonn

KEY BREAKDOWN: Cake Market

By Product:

• Cupcakes

• Sponge Cakes

By Distribution Channel

• Foodservice

• Retail

Geographical Exploration:

• North America

o The USA

o Canada

o Mexico

• Europe

o Germany

o France

o UK

o Italy

o Spain

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o South East Asia

o Rest of Asia Pacific

• Latin America

o Brazil

o Argentina

o Rest of Latin America

• Middle East and Africa

o GCC Countries

o South Africa

o Rest of MEA

Global Cake Market TOC:

1. Research Methodology

1.1. Global Cake Market Snapshot, 2023 and 2030

1.2. Data Mining

1.3. Validation

1.4. Primary Interviews

1.5. List of Data Sources

1.6. Future Market Projections

1.7. Industry Developments and Key Market Events

2. Executive Summary

3. Market Overview

3.1. Market Scope and Definition

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunity

3.2.4. Challenges

3.2.5. Cumulative Impact due to Recent Energy Crisis

3.2.6. Cumulative Impact due to Nearing Economic Downturn

3.2.7. Post Covid-19 World Supply & Demand Conditions

3.2.8. Cumulative Impact of Russia-Ukraine Conflict

3.2.9. Key Trends

3.3. Cake Market: Value Chain

3.3.1. List of Raw Material Supplier

3.3.2. List of Manufacturers

3.3.3. List of Applications

3.4. Porter Five Force’s Analysis

3.5. Regulatory and Technology Landscape

4. Global Cake Market Outlook: Forecast (2023 – 2030)

4.1. Key Highlights

4.1.1. Market Size and Y-o-Y Growth

4.1.2. Absolute $ Opportunity

4.2. Market Size (US$ Mn) Analysis and Forecast

4.2.1. Current Market Size Forecast, 2023–2030

4.3. Global Cake Market Outlook: Product Type

4.3.1. Introduction / Key Findings

4.3.2. Market Size (US$ Mn) and Forecast Product Type, 2023 – 2030

4.3.2.1. Cupcakes

4.3.2.2. Sponge Cakes

4.4. Market Attractiveness Analysis: Component

4.5. Global Cake Market Outlook: End User

4.5.1. Introduction / Key Findings

4.5.2. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030

4.5.2.1. Foodservice

4.5.2.2. Retail

5. Global Cake Market Outlook: Region

5.1. Key Highlights

5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030

5.2.1. North America

5.2.2. Europe

5.2.3. Asia Pacific

5.2.4. Latin America

5.2.5. Middle East & Africa (MEA)

6. North America Cake Market Outlook: Forecast (2023 – 2030)

6.1. Key Highlights

6.2. Pricing Analysis

6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022

6.3.1. By Country

6.3.2. By Product type

6.3.3. By End User

6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

6.4.1. U.S.

6.4.2. Canada

6.4.3. Mexico

6.5. Market Size (US$ Mn) and Forecast By Product type, 2023 – 2030

6.5.1. Cupcakes

6.5.2. Sponge Cakes

6.6. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030

6.6.1. Foodservice

6.6.2. Retail

7. Europe Cake Market Outlook: Forecast (2023 – 2030)

7.1. Key Highlights

7.2. Pricing Analysis

7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

7.3.1. By Country

7.3.2. By Product type

7.3.3. By End User

7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

7.4.1. Germany

7.4.2. France

7.4.3. U.K.

7.4.4. Russia

7.4.5. Italy

7.4.6. Spain

7.4.7. Rest of Europe

7.5. Market Size (US$ Mn) and Forecast By Product type, 2023 – 2030

7.5.1. Cupcakes

7.5.2. Sponge Cakes

7.6. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030

7.6.1. Foodservice

7.6.2. Retail

8. Asia Pacific Cake Market Outlook: Forecast (2023 – 2030)

8.1. Key Highlights

8.2. Pricing Analysis

8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

8.3.1. By Country

8.3.2. By Product type

8.3.3. By End User

8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

8.4.1. China

8.4.2. Japan

8.4.3. India

8.4.4. South Korea

8.4.5. Australia

8.4.6. New Zealand

8.4.7. Singapore

8.4.8. Malaysia

8.4.9. Rest of Asia

8.5. Market Size (US$ Mn) and Forecast By Product type, 2023 – 2030

8.5.1. Cupcakes

8.5.2. Sponge Cakes

8.6. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030

8.6.1. Foodservice

8.6.2. Retail

9. Latin America Cake Market Outlook: Forecast (2023 – 2030)

9.1. Key Highlights

9.2. Pricing Analysis

9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

9.3.1. By Country

9.3.2. By Product type

9.3.3. By End User

9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

9.4.1. Brazil

9.4.2. Argentina

9.4.3. Colombia

9.4.4. Peru

9.4.5. Chile

9.4.6. Venezuela

9.4.7. Rest of Latin America

9.5. Market Size (US$ Mn) and Forecast By Product type, 2023 – 2030

9.5.1. Cupcakes

9.5.2. Sponge Cakes

9.6. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

9.6.1. Foodservice

9.6.2. Retail

10. Middle East & Africa Cake Market Outlook: Forecast (2023 – 2030)

10.1. Key Highlights

10.2. Pricing Analysis

10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030

10.3.1. By Country

10.3.2. By Product type

10.3.3. By Distribution Channel

10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

10.4.1. Saudi Arabia

10.4.2. UAE

10.4.3. Egypt

10.4.4. Kuwait

10.4.5. South Africa

10.4.6. Rest of Middle East & Africa

10.5. Market Size (US$ Mn) and Forecast By Product type, 2023 – 2030

10.5.1. Cupcakes

10.5.2. Sponge Cakes

10.6. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

10.6.1. Foodservice

10.6.2. Retail

11. Competition Analysis

11.1. Market Share Analysis Of Top Vendors

11.2. Market Structure

11.2.1. Competition Intensity Mapping By Market

11.2.2. Competition Dashboard

11.2.3. Key Development Strategies

11.3. Company Profiles

11.3.1. Pepperidge Farm (Campbell Soup Company)

11.3.1.1. Overview

11.3.1.2. Offerings

11.3.1.3. Business Segment & Geographic Overview

11.3.1.4. Key Financials

11.3.1.5. Key Market Developments

11.3.1.6. Key Market Strategy

11.3.2. Bimbo Bakeries USA (Grupo Bimbo)

11.3.3. Hostess Brands, Inc.

11.3.4. McKee Foods

11.3.5. Balconi S.p.A.

11.3.6. Monginis

11.3.7. Merwans Confectioners Pvt. Ltd

11.3.8. Britannia Industries Limited

11.3.9. Bake’n Joy Foods, Inc.

11.3.10. Bonn