South Africa Cake Market Size & Outlook, 2022-2030
South Africa cake market, 2018-2030 (US$M)
Related Markets
South Africa cake market highlights
- The South Africa cake market generated a revenue of USD 454.1 million in 2022 and is expected to reach USD 574.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3% 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 454.1 million |
| Market revenue in 2030 | USD 574.8 million |
| Growth rate | 3% (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, South Africa accounted for 0.7% 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 Middle East & Africa, South Africa cake market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 574.8 million by 2030.
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Cake Market Scope
Cake Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 54.81% in 2022. Horizon Databook has segmented the South Africa cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for innovative and unique taste experiences in South Africa and a desire for convenience and variety encourage emerging players to diversify beyond traditional cakes, offering a wider range of dairy products and baked goods to cater to varying preferences.
In April 2021, Lancewood, a South African cheese maker, announced the launch of the "Piece o’ Cake" cheesecake mix, allowing consumers to whip up a delicious cheesecake without any baking experience or equipment. The cheese maker expanded its portfolio and included two flavors, Caramel and Plain (New York-style baked cheesecake), and the mix comes pre-prepared in a tub.
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Target buyers of South 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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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 South Africa cake market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cake market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cake market size, by product, 2018-2030 (US$M)
South Africa Cake Market Outlook Share, 2022 & 2030 (US$M)
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