Market Overview

The Global Cake Market was valued at USD 70,254.3 million in 2023 and is expected to reach USD 89,689.6 million by 2031 while growing at a CAGR of 3.1% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global cake market growth. Cakes, sweet baked desserts made from a mix of flour, sugar, eggs, and butter or oil, come in diverse flavors, textures, and appearances. They serve as celebratory treats for special occasions like birthdays, weddings, and anniversaries, ranging from simple to elaborate designs with options for frosting, filling, layering, and decoration.

Increasing consumer preferences, taste innovation, and celebratory culture drive the cake market's growth. However, obstacles like health and wellness concerns and competition from healthier dessert alternatives may hinder market expansion.

Furthermore, the global cake industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Form Analysis

The Global Cake Market is segmented among Packaged, and Unpackaged/Artisanal, based on Form. In 2023, Packaged accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Product Type Analysis

The Global Cake Market is segmented among Cupcakes, Dessert Cakes, Cheesecakes, Sponge Cakes, and Other Cakes, based on Product Type. In 2023, Dessert Cakes accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Cake Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Grupo Bimbo S.A.B. de C.V., Hostess Brands Inc., DoFreeze LLC, McKee Foods Corporation, Flowers Foods Inc., Bonn Group of Industries, Yamazaki Baking Company Ltd, Britannia Industries Limited, Monginis Foods Private Limited, and Valeo Foods Group.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Cake Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Cake Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Cake Market Segmentation, By Form  

• Global Cake Market Share Analysis, By Form  

• Global Cake Market Growth Analysis, By Form  

• Global Cake Market Trends, By Form  

o Packaged

o Unpackaged/Artisanal

6. Global Cake Market Segmentation, By Product Type  

• Global Cake Market Share Analysis, By Product Type  

• Global Cake Market Growth Analysis, By Product Type  

• Global Cake Market Trends, By Product Type  

o Cupcakes

o Dessert Cakes

o Cheesecakes

o Sponge Cakes

o Other cakes

7. Global Cake Market Segmentation, By Distribution Channel

• Global Cake Market Share Analysis, By Distribution Channel

• Global Cake Market Growth Analysis, By Distribution Channel

• Global Cake Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Specialty Stores

o Convenience Stores

o Online Retail Stores

o Others

8. Global Cake Market Segmentation, By Region

• Global Cake Market Share Analysis, By Region

• Global Cake Market Growth Analysis, By Region

• Global Cake Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Grupo Bimbo S.A.B. de C.V.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Hostess Brands Inc.

• DoFreeze LLC

• McKee Foods Corporation

• Flowers Foods Inc.

• Bonn Group of Industries

• Yamazaki Baking Company Ltd

• Britannia Industries Limited

• Monginis Foods Private Limited

• Valeo Foods Group

 *Similar analysis will be provided for each company listed above.