North America Cake Market Size & Outlook, 2022-2030
Related Markets
North America cake market highlights
- The North America cake market generated a revenue of USD 14,176.7 million in 2022.
- The market is expected to grow at a CAGR of 2.1% 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, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 14,176.7 million |
| Market revenue in 2030 | USD 16,686.6 million |
| Growth rate | 2.1% (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, North America region accounted for 22.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cake Market Scope
Cake Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bake'n Joy Foods | View profile | 51-100 | North Andover, Massachusetts, United States, North America | https://bakenjoy.com |
| Monginis | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | https://www.monginis.net |
| Balconi | View profile | 51-100 | Nerviano, Lombardia, Italy, Europe | https://www.balconidolciaria.com/# |
| McKee Foods Corporation | View profile | 5001-10000 | Collegedale, Tennessee, United States, North America | http://www.mckeefoods.com/ |
| JM Smucker Co | View profile | 5800 | One Strawberry Lane, Orrville, OH, United States, 44667-0280 | https://www.jmsmucker.com |
| Grupo Bimbo SAB de CV ADR | View profile | 148868 | Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Mexico, MEX, Mexico, 01210 | http://www.grupobimbo.com |
| Campbell Soup Company | View profile | 10001+ | Camden, New Jersey, United States, North America | http://www.campbellsoupcompany.com/ |
| Britannia Bulk Holdings Inc | View profile | 366 | Dexter House, 2 Royal Mint Court, London, United Kingdom, EC3N 4QN | - |
North 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 49% in 2022. Horizon Databook has segmented the North America cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
Cake brands in the region are diversifying their product offerings by introducing captivating flavors and unique combinations to their cakes and cookies. In November 2023, Bimbo Bakeries USA, a subsidiary of Grupo Bimbo, unveiled a new addition to the Entenmann’s product line with the introduction of their inaugural baked donut cakes.
Changing consumer preferences has led to an increased demand for bakery products with improved nutritional value. Since the COVID-19 pandemic, there has been an increased demand for healthy vegan cakes that are gluten-free, grain-free, and dairy-free.
Individuals across the U.S. and Canada have become increasingly mindful of their health, immunity, and energy, and this increased awareness has led to a surge in demand for healthy vegan cakes.
Reasons to subscribe to North America cake market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America cake market databook
-
Our clientele includes a mix of cake market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 North America cake market , including forecasts for subscribers. This continent databook contains high-level insights into North America cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America cake market size, by country, 2018-2030 (US$M)
North America Cake Market Outlook Share, 2022 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
