Market revenue in 2022 | USD 7,827.7 million |
Market revenue in 2030 | USD 10,865.4 million |
Growth rate | 4.2% (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 |
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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 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.
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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