Cake Market Size, Share & Trends Analysis Report By Product (Cupcakes, Dessert Cakes, Sponge Cakes), By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027

Cake Market Size, Share & Trends Analysis Report By Product (Cupcakes, Dessert Cakes, Sponge Cakes), By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027

Cake Market Growth & Trends

The global cake market size is expected to reach USD 55.78 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% from 2020 to 2027. Rising consumers’ preference for celebrating all special occasions and festivals by cutting cakes is the key factor for the market growth. Moreover, increasing the adoption of cakes as a snack among the working-class population and the young generation is anticipated to offer new scope for the market over the forecast period.

Over the past few years, people around the globe have started celebrating every single moment of success, happiness, and occasion. This has introduced a trend of cake cutting and a small get-together party. These occasions may include birthdays, weddings, marriage anniversary, Christmas, Valentine's Day, work anniversary, and various other special calendar days. The young generation, millennials, and working-class population have started celebrating their promotions, college scholarships, and even their pet’s birthday. In short, cake has become a way to celebrate very special moments of life. These consumer trends are propelling the demand for the cake at the global level.

Various confectionary companies are launching their products in cake flavor in order to cater to the rising customer demand for the cakes. For instance, in December 2019, Dunkin' Brands in Japan launched delicious and icy cake featuring some of the most familiar characters from the iconic series, the ‘Galaxy Palette’ under the brand name ‘Baskin Robbins’. These new product launches are propelling the demand in the market.

Europe emerged as the largest regional market with a share of more than 30.0% in 2019. European countries such as Switzerland, Belgium, France, Italy, and Austria are famous for their delicious bakery products, especially cakes. Furthermore, new product launches in terms of gluten-free cakes and pastries targeted for health-conscious consumers are expected to have a positive impact on industry growth.

Cake Market Report Highlights

The dessert product segment accounted for the largest share of 50.5% in 2019 and is expected to maintain its lead over the forecast period owing to predominant consumption of these products during celebration occasions and parties

Sponge products are expected to expand at the fastest CAGR of 3.7% from 2020 to 2027 on account of the rising popularity of these products among young consumers across the globe as they have a high shelf life as compared to dessert cakes

By distribution channel, specialist retailers accounted for the largest share of more than 50.0% in 2019 and are anticipated to maintain its lead over the forecast period. Various domestic players have their own specialty stores with a wide range of artesian, dessert, and sponge product variants

Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of 3.8% from 2020 to 2027. The rising popularity of bakery products in middle-income groups in key economies, such as China and Japan, is expected to have a positive impact on the industry growth.

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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Cakes Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Cakes Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Cakes Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2019 & 2027
5.2. Cupcakes
5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Dessert Cakes
5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.4. Sponge Cakes
5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
Chapter 6. Cakes Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2019 & 2027
6.2. Supermarket & Hypermarket
6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3. Specialist Retailers
6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4. Convenience Stores
6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.5. Others
6.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
Chapter 7. Cakes Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2019 & 2027
7.2. North America
7.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.2.4. The U.S.
7.2.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.3.4. The U.K.
7.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.6.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
7.6. Middle East & Africa (MEA)
7.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2019
Chapter 9. Company Profiles
9.1. Finsbury Food Group Plc
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Technology Benchmarking
9.1.4. Strategic Initiatives
9.2. Yamazaki Baking Co., Ltd.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Technology Benchmarking
9.2.4. Strategic Initiatives
9.3. MCKEE FOODS
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Technology Benchmarking
9.3.4. Strategic Initiatives
9.4. Grupo Bimbo
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Technology Benchmarking
9.4.4. Strategic Initiatives
9.5. BreadTalk Group Limited
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Technology Benchmarking
9.5.4. Strategic Initiatives
9.6. Hostess Brands, LLC.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Technology Benchmarking
9.6.4. Strategic Initiatives
9.7. Monginis
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Technology Benchmarking
9.7.4. Strategic Initiatives
9.8. George Weston Limited
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Technology Benchmarking
9.8.4. Strategic Initiatives
9.9. Campbell Soup Company (Pepperidge Farm)
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Technology Benchmarking
9.9.4. Strategic Initiatives
9.10. Britannia Industries Limited
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Technology Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Cakes - Key market driver analysis
2. Cakes - Key market restraint analysis
3. Global cupcakes market estimates and forecast, 2016 - 2027 (USD Million)
4. Global dessert cakes market estimates and forecast, 2016 - 2027 (USD Million)
5. Global sponge cakes market estimates and forecast, 2016 - 2027 (USD Million)
6. Global other cakes market estimates and forecast, 2016 - 2027 (USD Million)
7. Global cakes market estimates and forecast, by supermarket & hypermarket, 2016 - 2027 (USD Million)
8. Global cakes market estimates and forecast, by specialist retailers, 2016 - 2027 (USD Million)
9. Global cakes market estimates and forecast, by convenience stores, 2016 - 2027 (USD Million)
10. Global cakes market estimates and forecast, by others, 2016 - 2027 (USD Million)
11. North America cakes market estimates and forecast, 2016 - 2027 (USD Million)
12. North America cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
13. North America cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
14. U.S. cakes market estimates and forecast, 2016 - 2027 (USD Million)
15. U.S. cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
16. U.S. cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
17. Europe cakes market estimates and forecast, 2016 - 2027 (USD Million)
18. Europe cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
19. Europe cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
20. U.K. cakes market estimates and forecast, 2016 - 2027 (USD Million)
21. U.K. cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
22. U.K. cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
23. Germany cakes market estimates and forecast, 2016 - 2027 (USD Million)
24. Germany cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
25. Germany cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
26. France cakes market estimates and forecast, 2016 - 2027 (USD Million)
27. France cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
28. France cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
29. Asia Pacific cakes market estimates and forecast, 2016 - 2027 (USD Million)
30. Asia Pacific cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
31. Asia Pacific cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
32. China cakes market estimates and forecast, 2016 - 2027 (USD Million)
33. China cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
34. China cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
35. Japan cakes market estimates and forecast, 2016 - 2027 (USD Million)
36. Japan cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
37. Japan cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
38. Central & South America cakes market estimates and forecast, 2016 - 2027 (USD Million)
39. Central & South America cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
40. Central & South America cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
41. Brazil cakes market estimates and forecast, 2016 - 2027 (USD Million)
42. Brazil cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
43. Brazil cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
44. Middle East & Africa Cakes market estimates and forecast, 2016 - 2027 (USD Million)
45. Middle East & Africa cakes market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
46. Middle East & Africa cakes market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
47. Vendor landscape
List of Figures
1. Cakes market snapshot
2. Cakes market segmentation & scope
3. Cakes market penetration & growth prospect mapping
4. Cakes value chain analysis
5. Cakes market dynamics
6. Cakes market Porter's analysis
7. Cakes market: Product movement analysis
8. Cakes market: Distribution Channel movement analysis
9. Cakes market: Regional movement analysis

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