Canada Cake Market Size & Outlook, 2022-2030
Canada cake market, 2018-2030 (US$M)
Related Markets
Canada cake market highlights
- The Canada cake market generated a revenue of USD 867.1 million in 2022 and is expected to reach USD 1,088.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.9% from 2023 to 2030.
- In terms of segment, dessert cakes was the largest revenue generating product in 2022.
- Cupcakes is the most lucrative product segment registering the fastest growth during the forecast period.
Cake market data book summary
| Market revenue in 2022 | USD 867.1 million |
| Market revenue in 2030 | USD 1,088.0 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Dessert cakes |
| Fastest growing segment | Cupcakes |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, Canada accounted for 1.4% of the global cake market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cake market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,352.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cake Market Scope
Cake Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada cake market outlook
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 49.75% in 2022. Horizon Databook has segmented the Canada cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
The ongoing demand for online ordering for sweet baked treats like cakes in Canada is attributed to several factors, including the increasing reliance of Canadians on digital platforms and technology for convenience and flexibility. Also, the busy lifestyles of consumers in Canada have enabled them to enjoy high-quality baked treats without the need to visit physical stores.
In 2021, the desserts experiencing the most significant growth as compared to previous year and included lemon cake (up 175%), macarons (up 50%), profiteroles (up 30.4%), carrot cake (up 23.8%), and flavored cheesecake (up 15.4%). International bakery cafe chains are expanding their presence by establishing new bakery cafes throughout Canada.
This expansion aims to provide customers with diverse and unique cake offerings, showcasing these international brands' global influence in the Canadian market.
Reasons to subscribe to Canada cake market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada cake market databook
-
Our clientele includes a mix of cake market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada cake market , including forecasts for subscribers. This country databook contains high-level insights into Canada cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada cake market size, by product, 2018-2030 (US$M)
Canada Cake Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
