Mooncake Market Research Report, Size, Industry Forecast Analysis | Valuates Reports

Mooncake Market Size

The global market for Mooncake was estimated to be worth US$ 2305.6 million in 2023 and is forecast to a readjusted size of US$ 2901.8 million by 2030 with a CAGR of 3.3% during the forecast period 2024-2030.

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Moon cakes are a carrier of thousands of years of historical tradition in our country, and they are the crystallization of etiquette, emotion and culture. In the eyes of Chinese people, eating moon cakes every Mid-Autumn Festival has become a custom, a habit, and a fixed pattern. Mooncake sales suffered a severe blow in 2013-2014, because the central government banned officials from giving and receiving high-end mooncakes. The warning from the Chinese government led to a decline in mainland mooncake sales in the past two years.The recovery of the mooncake market in 2015-2016 was obviously driven by the demand for low- and medium-priced mooncakes by households and companies, and the mooncake market tended to become civilians. After several years of adaptation and adjustment, the industry has eliminated some outdated production capacity, brand concentration is getting higher and higher, moon cake products have basically returned to the natural attributes of traditional food and culture, and the Mid-Autumn Festival market has gradually entered a trend of stable development.

Global Mooncake key players include Meixin Food Co.,Ltd., Huamei Group, Suzhou Daoxiangcun, Jiahua Food, etc. Global top four manufacturers hold a share over 10%.

China is the largest market, with a share over 95%, followed by Japan, and Southeast Asia.

In terms of product, Cantonese Mooncakes is the largest segment, with a share about 65%. And in terms of application, the largest application is Independent Retailer, followed by Online Retailer, Specialist Retailer, Supermarkets and Hypermarkets, Convenience Store.

By Type
• Cantonese Mooncakes
• Beijing-style Mooncake
• Suzhou-style Mooncakes

By Application
• Supermarkets and Hypermarkets
• Independent Retailer
• Convenience Store
• Specialist Retailer
• Online Retailer

Key Companies
Meixin Food Co.,Ltd., Huamei Group, Guangzhou Restaurant Group Co., Ltd., Wing Wah Food, Beijing Daoxiangcun, Shanghai Xinghualou (Group) Co., Ltd., Suzhou Daoxiangcun, Ganso, Xian Maky, Jiahua Food, Taipan Bread & Cakes, Forgain

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This release was published on openPR.