North America Cake Market Size & Outlook, 2022-2030
North America Cake Market, 2018-2030 (US$M)
Global Market
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.
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.
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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 |
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 49.0% 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.
- North America Cake Market Product Outlook (Revenue, USD Million , 2018-2030)
- Cupcakes
- Sponge Cakes
- Dessert Cakes
- Others
- 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 continent-level data and insights on the North America Cake Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Cake Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Cake Market, 2018-2030 (US$M)
North America cake market statistics, by product, 2018-2030 (US$M)
