Cakes Market is growing at a brisk pace

The global cakes market size is expected to be valued at USD 49.66 billion in 2024 and reach USD 58.98 billion by 2029, growing at a CAGR of 3.50% from 2024 to 2029.

Cakes Market Report Scope:
• Market Size (2029): USD 58.98 billion
• Market Size (2024): USD 49.66 billion
• CAGR (2024 to 2029): 3.50%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Product, Distribution channel & Region.
• Geographies Covered: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
• Key Market Players Profiled: Finsbury Food Group Plc, Yamazaki Baking Co., Ltd, Mckee Foods, Grupo Bimbo, Breadtalk Group Limited, Hostess Brands, LLC, Monginis, George Weston Limited

The cake market size is growing with the rapidly increasing number of occasions celebrating with cake. In developed countries like America and Canada, the expenditure on buying cakes is increasing year on year, which is an additional attribute for the market to grow exponentially. According to a recent survey, on average, Americans are spending $140 million only on cakes, which is expected to surge in the coming years. Occasions like baby showers, weddings, anniversaries, engagements, and other parties are majorly elevating the demand for cakes with featured theme designs, which is anticipated to enlarge the growth rate of the market during the forecast period.

Rapidly growing disposable income in urban areas across the world is likely to showcase great growth opportunities for the market to grow at higher rate in the coming years. Young people across the world are focusing on celebrating occasions with innovative ideas where cake is being mandatory for every party which is highlighting the growth rate of the market.

In addition, people are more indulged in weekend parties and dining out where the demand for cake is rapidly growing as a major dessert after meals. This is eventually adding fuel to the market share. Owing to busy lifestyles, the demand for on-the-go food products is increasing, which is boosting tasty and nutritious products like muffins, mini sponge cakes, and others. Therefore, the cake market size has witnessed the strongest growth rate in the past few years. Along with this, the trend towards customized cakes for any occasion is leveraging the market growth rate. Many companies are putting efforts into launching a variety of cakes with low calories to reach health-conscious customers, which additionally propels the market growth rate. The term is gluten-free is an ongoing trend across the world where cakes with such ingredients are solely used to attract customers, which will increase the cake market size in the coming years.

Difficulty in the availability of raw materials and fluctuations in the cost of the end products due to supply chain disruptions are limiting the growth rate of the market. The presence of a high number of key players in emerging countries is leveling up the competition between the companies that are acting as a big barrier to market share. Additionally, stringent norms by government authorities over the food and beverages industry are slightly to degrade the market growth.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/cakes-market

Key Insights from The Report:
• By product, Dessert cakes which had a market share of 50.5% in 2019 and are anticipated to keep leading over the projection period due to their widespread fresh consumption on various occasions. Additionally, it is eaten as part of the dessert in many nations after meals.
• By Distribution channel, from 2022 to 2027, offline channels are anticipated to account for the majority of distribution channels. With a share of over 50.0% in 2019, specialty retailers became the market leader in this product category, and it is expected that they will continue to hold this position over the next years. Many domestic competitors have specialty shops where they sell a variety of artesian cakes, dessert cakes, and sponge cakes.
• Asia-Pacific, The consumption of cakes is suddenly on the rise in this region, The development of the newest organic flavors, vegan components, and healthy and natural ingredients will also affect how frequently products are consumed in developed countries.
• Finsbury Food Group Plc, Yamazaki Baking Co., Ltd, Mckee Foods, Grupo Bimbo, Breadtalk Group Limited, Hostess Brands, LLC, Monginis, George Weston Limited

SEGMENTATION INCLUDED IN THIS REPORT:
By Product,
• Cupcakes
• Dessert cakes
• Sponge cakes
By Distribution channel,
• Offline
• Online
By Region,
• Asia-Pacific
• Middle East
• North America
• Latin America
• Africa

Browse Regional Reports:
North America Cakes Market Research Report - Segmented By Type, Mixing Method, Distribution Channel and By Country (The United States, Canada, and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/north-america-cakes-market

Europe Cakes Market Research Report - By Type, By Distribution Channel, And By Region (United Kingdom, France, Germany, Spain, Italy) - Industry Analysis, Size, Share, Growth, Trends, and Competitive Analysis Forecasts Report 2024 to 2029.
https://www.marketdataforecast.com/market-reports/north-america-cakes-market

Asia Pacific Cakes Market By Type, By Mixing Method, By Distribution Channel And By Region(India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2023-2028)- https://www.marketdataforecast.com/market-reports/asia-pacific-cakes-market

Latin America Cakes Market By Type,By Mixing Method, By Distribution Channel And By Region(Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027) - https://www.marketdataforecast.com/market-reports/latin-america-cakes-market

Middle East And Africa Cakes Market By Type, By Mixing Method, By Distribution Channel, And By Region(KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027) - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-cakes-market

TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Dessert Cake
5.1.3 Cheese Cake
5.1.4 Cup Cake
5.1.5 Ice Cream Cake
5.1.6 Chocolate Cake
5.1.7 Sponge Cake
5.1.8 Wedding Cake
5.1.9 Y-o-Y Growth Analysis, By Type
5.1.10 Market Attractiveness Analysis, By Type
5.1.11 Market Share Analysis, By Type
5.2 Mixing Methods
5.2.1 Introduction
5.2.2 Layer Cake
5.2.3 Flourless Cake
5.2.4 Pound Cake
5.2.5 Shortened Cake
5.2.6 Y-o-Y Growth Analysis, By Mixing Methods
5.2.7 Market Attractiveness Analysis, By Mixing Methods
5.2.8 Market Share Analysis, By Mixing Methods
5.3 Distribution Channel
5.3.1 Introduction
5.3.2 In-Store Bakeries
5.3.3 Supermarkets
5.3.4 Convenience Stores
5.3.5 Online Stores
5.3.6 Other Distribution Channels
5.3.7 Y-o-Y Growth Analysis, By Distribution Channel
5.3.8 Market Attractiveness Analysis, By Distribution Channel
5.3.9 Market Share Analysis, By Distribution Channel
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Mixing Methods
6.1.3.4 By Distribution Channel
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Mixing Methods
6.1.4.4 By Distribution Channel
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Mixing Methods
6.1.5.4 By Distribution Channel
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Artisan Cake Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 The Blue Cake Company
8.3 American Baking Company
8.4 Edwards Cake
8.5 Ele Cake Company
8.6 Britannia
8.7 Little Venice Cake Company
8.8 Finsbury
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures

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MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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