Japan Cake Market Size & Outlook, 2022-2030
Japan Cake Market, 2018-2030 (US$M)
Global Market
Related Markets
Japan cake market highlights
- The Japan cake market generated a revenue of USD 1,500.4 million in 2022 and is expected to reach USD 1,843.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 2.6% 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 1,500.4 million |
| Market revenue in 2030 | USD 1,843.8 million |
| Growth rate | 2.6% (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, Japan accounted for 2.3% 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.
During the Christmas season in Japan, department stores and hotels are placing a heightened emphasis on the sales of frozen cakes. This trend is influenced by technological advancements that have significantly improved the taste and quality of frozen foods. Renowned brands are increasingly investing in the production of frozen cakes, catering to the rising demand during festive occasions.
Advanced freezing techniques allow the preservation of flavors and textures in frozen cakes, making them a convenient and popular choice for consumers during the holiday season. As a result, department stores and hotels are strategically capitalizing on this trend, offering a range of frozen cakes to customers seeking both convenience and high-quality desserts during Christmas.
At the Fukuoka Tenjin branch of the Daimaru department store in Fukuoka, Japan, customers have the option to order from a selection of nine frozen items, including the berry chocolate cake, which costs approximately $41.
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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 |
Japan 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 48.69% in 2022.
Horizon Databook has segmented the Japan cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
During the Christmas season in Japan, department stores and hotels are placing a heightened emphasis on the sales of frozen cakes. This trend is influenced by technological advancements that have significantly improved the taste and quality of frozen foods. Renowned brands are increasingly investing in the production of frozen cakes, catering to the rising demand during festive occasions.
Advanced freezing techniques allow the preservation of flavors and textures in frozen cakes, making them a convenient and popular choice for consumers during the holiday season. As a result, department stores and hotels are strategically capitalizing on this trend, offering a range of frozen cakes to customers seeking both convenience and high-quality desserts during Christmas.
At the Fukuoka Tenjin branch of the Daimaru department store in Fukuoka, Japan, customers have the option to order from a selection of nine frozen items, including the berry chocolate cake, which costs approximately $41.
- Japan Cake Market Product Outlook (Revenue, USD Million , 2018-2030)
- Cupcakes
- Sponge Cakes
- Dessert Cakes
- Others
- Japan Cake Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Foodservice
- Retail
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan Cake Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Cake Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Cake Market, 2018-2030 (US$M)
Japan cake market statistics, by product, 2018-2030 (US$M)
