Global Cakes Market 2024-2028

Global Cakes Market 2024-2028

The cakes market is forecasted to grow by USD 10.00 bn during 2023-2028, accelerating at a CAGR of 3.59% during the forecast period. The report on the cakes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising inclination toward convenience foods among millennials, growing demand for artisan-baked products, and increased demand for gluten-free cakes.

Technavio's cakes market is segmented as below:

By Distribution Channel

• Offline
• Online

By Product

• Dessert cakes
• Sponge cakes
• Cupcakes
• Others

By Geographical Landscape

• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the growing demand for vegan cakes as one of the prime reasons driving the cakes market growth during the next few years. Also, rising preference for cakes as dessert option and growing prominence of online food shopping will lead to sizable demand in the market.

The report on the cakes market covers the following areas:

• Cakes market sizing
• Cakes market forecast
• Cakes market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cakes market vendors that include American Baking Co., Aryzta AG, Barilla G. e R. Fratelli Spa, BreadTalk Group Pte Ltd., Britannia Industries Ltd., Campbell Soup Co., Corporativo Bimbo SA de CV, Dan Cake AS, EDEKA ZENTRALE Stiftung and Co. KG, Edwards Cake and Candy Supplies LLC, EUROPASTRY SA, Finsbury Food Group Plc, Flowers Foods Inc., General Mills Inc., Hostess Brands Inc., McKee Foods, Premier Foods Plc, WW International Inc., Yamazaki Baking Co. Ltd., and Yildiz Holding AS. Also, the cakes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.