China Cake Market Size & Outlook, 2022-2030
China Cake Market, 2018-2030 (US$M)
Global Market
Related Markets
China cake market highlights
- The China cake market generated a revenue of USD 7,827.7 million in 2022 and is expected to reach USD 10,865.4 million by 2030.
- The China market is expected to grow at a CAGR of 4.2% 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 7,827.7 million |
| Market revenue in 2030 | USD 10,865.4 million |
| Growth rate | 4.2% (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, China accounted for 12.2% 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.
The bakery industry in China is experiencing rapid growth driven by evolving lifestyles and dietary preferences. Chinese consumers strongly favor cakes, pastries, and sweet pies. This expansion is fueled by increasing disposable income, the introduction of new product varieties, and the widespread presence of bakeries across retail, e-commerce, hypermarkets, supermarkets, and other platforms, bridging the gap between consumers and companies.
China is undergoing a notable shift as Western bakery trends are gradually replacing traditional bakery items. This represents significant potential for baked snacks, considering the rising popularity of convenient, sweet baked products. Moreover, a growing number of Western restaurants in second and third-tier cities is swiftly contributing to the surge in demand for bakery products.
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Cake Market Scope
Cake Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Britannia Bulk Holdings Inc | View profile | 366 | Dexter House, 2 Royal Mint Court, London, United Kingdom, EC3N 4QN | - |
| Campbell Soup Company | View profile | 10001+ | Camden, New Jersey, United States, North America | www.campbellsoupcompany.com/ |
| Grupo Bimbo SAB de CV ADR | View profile | 148,868 | Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Mexico, MEX, Mexico, 01210 | www.grupobimbo.com |
| JM Smucker Co | View profile | 5,800 | One Strawberry Lane, Orrville, OH, United States, 44667-0280 | www.jmsmucker.com |
| McKee Foods Corporation | View profile | 5001-10000 | Collegedale, Tennessee, United States, North America | www.mckeefoods.com/ |
| Balconi | View profile | 51-100 | Nerviano, Lombardia, Italy, Europe | www.balconidolciaria.com/# |
| Monginis | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | www.monginis.net |
| Bake'n Joy Foods | View profile | 51-100 | North Andover, Massachusetts, United States, North America | bakenjoy.com |
China 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 Outlook will help companies and investors design strategic landscapes.
Dessert Cakes was the largest segment with a revenue share of 50.24% in 2022.
Horizon Databook has segmented the China cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
The bakery industry in China is experiencing rapid growth driven by evolving lifestyles and dietary preferences. Chinese consumers strongly favor cakes, pastries, and sweet pies. This expansion is fueled by increasing disposable income, the introduction of new product varieties, and the widespread presence of bakeries across retail, e-commerce, hypermarkets, supermarkets, and other platforms, bridging the gap between consumers and companies.
China is undergoing a notable shift as Western bakery trends are gradually replacing traditional bakery items. This represents significant potential for baked snacks, considering the rising popularity of convenient, sweet baked products. Moreover, a growing number of Western restaurants in second and third-tier cities is swiftly contributing to the surge in demand for bakery products.
- China Cake Market Product Outlook (Revenue, USD Million , 2018-2030)
- Cupcakes
- Sponge Cakes
- Dessert Cakes
- Others
- China Cake Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Foodservice
- Retail
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Target buyers of Cake Market Outlook databook
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Horizon Databook provides a detailed overview of country-level data and insights on the China Cake Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Cake Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Cake Market, 2018-2030 (US$M)
China cake market statistics, by product, 2018-2030 (US$M)
