Mexico - North America Cake Market Size & Outlook, 2022-2030
The cake market in Mexico - North America is expected to reach a projected revenue of US$ 2,352.8 million by 2030. A compound annual growth rate of 3.5% is expected of Mexico - North America cake market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,785.4
Forecast, 2030 (US$M)
$2,352.8
CAGR, 2023 - 2030
3.5%
Report Coverage
Mexico
Mexico - North America Cake Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico cake market highlights
- The Mexico cake market generated a revenue of USD 1,785.4 million in 2022 and is expected to reach USD 2,352.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.5% 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 1,785.4 million |
| Market revenue in 2030 | USD 2,352.8 million |
| Growth rate | 3.5% (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, Mexico accounted for 2.8% 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 North America, U.S. cake market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,352.8 million by 2030.
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Cake Market Scope
Cake Market segmentation & 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 |
Mexico - 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 Outlook will help companies and investors design strategic landscapes.
Dessert Cakes was the largest segment with a revenue share of 52.04% in 2022.
Horizon Databook has segmented the Mexico - North America cake market based on cupcakes, sponge cakes, dessert cakes covering the revenue growth of each sub-segment from 2018 to 2030.
- Mexico - North America Cake Market Product Outlook (Revenue, USD Million , 2018-2030)
- Cupcakes
- Sponge Cakes
- Dessert Cakes
- Others
- Mexico - North America 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 Mexico - North America Cake Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Cake Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Cake Market, 2018-2030 (US$M)
Mexico cake market statistics, by product, 2018-2030 (US$M)
