Middle East & Africa Cake Market Size & Outlook, 2022-2030
Middle East & Africa cake market, 2018-2030 (US$M)
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MEA cake market highlights
- The MEA cake market generated a revenue of USD 2,448.0 million in 2022.
- The market is expected to grow at a CAGR of 2.7% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 2,448.0 million |
| Market revenue in 2030 | USD 3,039.8 million |
| Growth rate | 2.7% (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, MEA region accounted for 3.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Cake Market Scope
Cake Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 51.09% in 2022. Horizon Databook has segmented the Middle East & Africa cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
Sweet baked goods are consumed on a large scale in Egypt, Saudi Arabia, and South Africa. Each market has a strong snacking culture, contributing to the demand for various sweet treats, including cakes. Street vendors and local bakeries offer a variety of pastries, cakes, and cookies, such as the Basbousa (semolina cake soaked in syrup), Baklava, and Kunafa. Moreover, internationally inspired baked goods have gained widespread acceptance in the Middle Eastern & Africa. Saudi Arabian bakeries cater to diverse tastes, offering traditional and modern sweet baked goods.
South Africa has a strong baking culture influenced by a blend of indigenous, European, and Asian flavors. In the Middle East & Africa region, consumers are increasingly adopting health and wellness lifestyles, and baked goods with lower sugar content and alternative sweetening ingredients have captured the population’s attention. Cakes and breads enriched with protein, fiber, fruits, and plant-based ingredients are gaining popularity. Popular players like Almarai Co Ltd, Modern Bakery LLC, and the IFFCO Group are key contributors to the region's cake market growth.
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Target buyers of Middle East & Africa 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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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 continent-level data and insights on the Middle East & Africa cake market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cake market size, by country, 2018-2030 (US$M)
Middle East & Africa Cake Market Outlook Share, 2022 & 2030 (US$M)
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