Latin America Cake Market Size & Outlook, 2022-2030
Latin America cake market, 2018-2030 (US$M)
Related Markets
Latin America cake market highlights
- The Latin America cake market generated a revenue of USD 4,161.0 million in 2022.
- The market is expected to grow at a CAGR of 3.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4,161.0 million |
| Market revenue in 2030 | USD 5,323.6 million |
| Growth rate | 3.1% (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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.5% of the global cake market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,788.9 million by 2030.
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Cake Market Scope
Cake Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 52.4% in 2022. Horizon Databook has segmented the Latin America cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
The increased out-of-home consumption due to rapid urbanization coupled with the rising demand for instant and convenient food options is expected to drive the consumption of sweet treats, including cakes, in the Central and South American region.
Global bakery chains are actively expanding in various regions of Central and South America by establishing distinctive retail outlets to attract customers and boost sales.
These bakery chains focus on enhancing the region’s foot traffic while generating employment opportunities for the local population. In September 2023, Le Pain Quotidien, the Belgian bakery-café chain, inaugurated an establishment in Uruguay at the Punta Carretas shopping center, Montevideo.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America cake market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cake market size, by country, 2018-2030 (US$M)
Latin America Cake Market Outlook Share, 2022 & 2030 (US$M)
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