Market revenue in 2022 | USD 23,591.6 million |
Market revenue in 2030 | USD 31,788.9 million |
Growth rate | 3.8% (CAGR from 2022 to 2030) |
Largest segment | Dessert cakes |
Fastest growing segment | Cupcakes |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Cupcakes, Sponge Cakes, Dessert Cakes |
Key market players worldwide | Campbell Soup Company, Grupo Bimbo SAB de CV ADR, Britannia Bulk Holdings Inc, JM Smucker Co, McKee Foods Corporation, Balconi, Monginis, Bake'n Joy Foods |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cake market will help companies and investors design strategic landscapes.
Dessert cakes was the largest segment with a revenue share of 52.72% in 2022. Horizon Databook has segmented the Asia Pacific cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
The Asian Pacific region's population exhibits diverse tastes and preferences, and consumers in this region are known for their willingness to experiment with various flavors, ingredients, and food formats. In response to this, manufacturers operating in the food industry consistently innovate and constantly expand and diversify their product portfolios.
In April 2023, Bakingo, a prominent cake and dessert expert, introduced its newest collection, showcasing six new flavors in India. The cake expert is known for delivering freshly baked cakes and desserts directly to customers' doorsteps. The brand has elevated its offerings with this release, curated to satisfy the unique cravings of its customer base.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cake market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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