South Africa Cake Market Size & Outlook, 2022-2030
South Africa Cake Market, 2018-2030 (US$M)
Global Market
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.
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
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 |
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 Outlook 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.
- South Africa Cake Market Product Outlook (Revenue, USD Million , 2018-2030)
- Cupcakes
- Sponge Cakes
- Dessert Cakes
- Others
- South Africa Cake Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Foodservice
- Retail
Reasons to subscribe to Cake Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Cake Market Outlook databook
- Our clientele includes a mix of Cake Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- 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 Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Cake Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Cake Market, 2018-2030 (US$M)
South Africa cake market statistics, by product, 2018-2030 (US$M)
