Global Mooncake Market Growth 2023-2029

Global Mooncake Market Growth 2023-2029

According to our (LP Info Research) latest study, the global Mooncake market size was valued at US$ 2255.5 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Mooncake is forecast to a readjusted size of US$ 2854.7 million by 2029 with a CAGR of 3.4% during review period.

The research report highlights the growth potential of the global Mooncake market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Mooncake are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Mooncake. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Mooncake market.

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 After several years of adaptation and adjustment, the industry has eliminated some outdated production capacity, brand concentration is getting higher and higher, moon cake products have basically returned to the natural attributes of traditional food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.

Key Features:

The report on Mooncake market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Mooncake market. It may include historical data, market segmentation by Type (e.g., Cantonese Mooncakes, Beijing-style Mooncake), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Mooncake market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Mooncake market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Mooncake industry. This include advancements in Mooncake technology, Mooncake new entrants, Mooncake new investment, and other innovations that are shaping the future of Mooncake.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Mooncake market. It includes factors influencing customer ' purchasing decisions, preferences for Mooncake product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Mooncake market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Mooncake market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Mooncake market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Mooncake industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Mooncake market.

Market Segmentation:

Mooncake market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Cantonese Mooncakes
Beijing-style Mooncake
Suzhou-style Mooncakes

Segmentation by application
Supermarkets and Hypermarkets
Independent Retailer
Convenience Store
Specialist Retailer
Online Retailer

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Mooncake market?

What factors are driving Mooncake market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Mooncake market opportunities vary by end market size?

How does Mooncake break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.