China Cake Market Size & Outlook, 2022-2030

The cake market in China is expected to reach a projected revenue of US$ 10,865.4 million by 2030. A compound annual growth rate of 4.2% is expected of China cake market from 2023 to 2030.
Revenue, 2022 (US$M)
$7,827.7
Forecast, 2030 (US$M)
$10,865.4
CAGR, 2023 - 2030
4.2%
Report Coverage
China

China cake market highlights

  • The China cake market generated a revenue of USD 7,827.7 million in 2022 and is expected to reach USD 10,865.4 million by 2030.
  • The China market is expected to grow at a CAGR of 4.2% 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 2022USD 7,827.7 million
Market revenue in 2030USD 10,865.4 million
Growth rate4.2% (CAGR from 2022 to 2030)
Largest segmentDessert cakes
Fastest growing segmentCupcakes
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCupcakes, Sponge Cakes, Dessert Cakes
Key market players worldwideCampbell 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, China accounted for 12.2% 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 Asia Pacific, China cake market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,029.0 million by 2030.

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Cake Market Scope

Cake market segmentation & scope
Cupcakes
Sponge Cakes
Dessert Cakes
Others
Foodservice
Hypermarkets & Supermarkets
Specialty Stores
Online
Others

Cake Market Companies

Name Profile # Employees HQ Website

China 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 50.24% in 2022. Horizon Databook has segmented the China cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.


The bakery industry in China is experiencing rapid growth driven by evolving lifestyles and dietary preferences. Chinese consumers strongly favor cakes, pastries, and sweet pies. This expansion is fueled by increasing disposable income, the introduction of new product varieties, and the widespread presence of bakeries across retail, e-commerce, hypermarkets, supermarkets, and other platforms, bridging the gap between consumers and companies.

China is undergoing a notable shift as Western bakery trends are gradually replacing traditional bakery items. This represents significant potential for baked snacks, considering the rising popularity of convenient, sweet baked products. Moreover, a growing number of Western restaurants in second and third-tier cities is swiftly contributing to the surge in demand for bakery products.

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Target buyers of China cake market databook

  • Our clientele includes a mix of cake market companies, investment firms, advisory firms & academic institutions.
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  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China cake market , including forecasts for subscribers. This country databook contains high-level insights into China cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China cake market size, by product, 2018-2030 (US$M)

China Cake Market Outlook Share, 2022 & 2030 (US$M)

China cake market size, by product, 2018-2030 (US$M)

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