India Cake Market Size & Outlook, 2022-2030
India cake market, 2018-2030 (US$M)
Related Markets
India cake market highlights
- The India cake market generated a revenue of USD 3,453.8 million in 2022 and is expected to reach USD 5,029.0 million by 2030.
- The India market is expected to grow at a CAGR of 4.8% 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 3,453.8 million |
| Market revenue in 2030 | USD 5,029.0 million |
| Growth rate | 4.8% (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, India accounted for 5.4% 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 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 53.53% in 2022. Horizon Databook has segmented the India cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
Cakes have become an integral part of celebrations and festivals in India. The visually appealing nature of cakes and the trend of sharing celebrations on social platforms have heightened the demand. The increasing number of cafes and bakeries, both local and international chains, has made cakes more accessible.
For example, 7th Heaven has a significant presence in India, with over 250 outlets across more than 100 cities. The brand's diverse product range includes 3D cakes, cupcakes, macarons, donuts, tarts, burgers, pizzas, sandwiches, and more.
Cakes are increasingly being accepted as a part of Indian culinary culture, adapting to local tastes with flavors like mango, saffron, and cardamom becoming popular. The presence of specialized bakeries and the growth of online platforms have made it convenient for consumers to choose from a wide range of options.
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Target buyers of India cake market databook
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Our clientele includes a mix of cake market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 India cake market , including forecasts for subscribers. This country databook contains high-level insights into India cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cake market size, by product, 2018-2030 (US$M)
India Cake Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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