Cakes Market Size, Share, Trends, Growth Outlook |2025-2034

The Global Cakes Market Size is estimated at $72.6 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 3.4% to reach $98.1 Billion by 2034.

The Automotive Brake System Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments- By Type (Sponge cake, Cup Cake, Dessert Cake), Flavour (Chocolate, Vanilla, Cheese), Application (Celebration, Eatable desert, Others), Distribution Channel (Online Sales, Supermarkets/Hypermarkets, Bakeries)

Cakes Market Overview

The global cakes market in 2025 is poised for continued growth as shifting consumer lifestyles, increasing disposable income, and the rising influence of social media reshape the dessert industry. Urbanization and time-constrained routines are driving demand for convenient yet indulgent dessert options, positioning cakes as an appealing solution for both everyday consumption and special occasions. The market is witnessing a growing emphasis on premiumization, with artisanal, gourmet, and customized cakes gaining traction among younger demographics who value unique flavors, aesthetic appeal, and novelty. Simultaneously, the increasing popularity of plant-based diets and rising health consciousness are encouraging manufacturers to develop low-sugar, gluten-free, and vegan cake options, opening new revenue streams for both large bakeries and small patisseries. E-commerce channels, especially in Asia-Pacific and North America, are playing a pivotal role in expanding market access, enabling personalization and doorstep delivery for celebration cakes. However, rising ingredient costs and supply chain pressures, particularly for imported fruits and specialty flours, may present cost challenges. The growing presence of local bakeries and cloud kitchens further intensifies competition, urging brands to differentiate through flavor innovation, sustainable packaging, and immersive customer experiences.

Cakes Market Competitive Landscape

The market research study provides in-depth insights into leading companies including the SWOT analyses, product profile, financial details, and recent developments across American Baking Company, Aryzta AG, Britannia Industries Limited, Brutons Biscuit Company Limited, Campbell Soup Company, Cornu AG, Dali Food Group Co., Ltd., Danone S.A., ITC Limited, Kambly SA, Kellogg Company, Lotus Bakeries N.V., Mondelez International, Inc., Nestlé S.A., Pladis Global (United Biscuits), The Hershey Company, The Kraft Heinz Company, Ülker Bisküvi Sanayi A.Åž., Walkers Shortbread Ltd., and Others.

Cakes Market Dynamics

Market Trend: Rise in Demand for Health-Conscious and Specialty Cakes

A significant trend in the cakes market is the increasing demand for health-conscious and specialty cakes. As consumers become more health-aware, there is a growing preference for cakes that offer nutritional benefits, feature natural ingredients, and align with specific dietary preferences such as gluten-free, sugar-free, or plant-based options. Additionally, there is a surge in the popularity of specialty cakes with unique flavours, artistic designs, and innovative ingredients, reflecting a desire for elevated and customized cake experiences. This trend presents an opportunity for bakeries and cake manufacturers to diversify their offerings, catering to health-conscious consumers and those seeking unique, indulgent treats.

Market Driver: Celebration Culture and Occasion-Based Cake Demand

A key driver for the cakes market is the pervasive celebration culture and the demand for occasion-based cakes. Birthdays, weddings, anniversaries, and other milestones drive the need for cakes as celebratory centrepieces. The tradition of gifting and sharing cakes during special occasions remains a strong cultural practice globally. This constant demand for celebration cakes, coupled with the growing trend of themed and custom-designed cakes, serves as a significant driver for the market. Bakeries and cake businesses can capitalize on this driver by offering a variety of customizable options and staying attuned to evolving consumer preferences for celebratory cake experiences.

Potential Opportunity: E-Commerce Expansion and Online Cake Delivery Services

A notable potential opportunity in the cakes market lies in the expansion of e-commerce and online cake delivery services. With the increasing preference for convenience and the growth of online shopping, consumers are turning to digital platforms to order cakes for various occasions. This presents an opportunity for bakeries and cake businesses to establish a strong online presence, enhance their digital storefronts, and provide efficient and reliable cake delivery services. Embracing e-commerce allows cake producers to reach a broader customer base, including those who may not have easy access to physical stores, and tap into the evolving landscape of online cake gifting and celebrations.

Cakes Market Share Analysis: Sponge Cake Segment Expected to generated highest revenue in 2025.

The Sponge Cake segment is poised to dominate the Cakes Market in 2025, driven by its universal appeal, versatility, and widespread use across both retail and foodservice channels. Sponge cakes serve as a foundational base for numerous cake varieties and dessert applications due to their light texture and ability to absorb flavors and fillings effectively. This adaptability makes them a preferred choice among bakers and confectioners globally. Their broad consumption during festive seasons, birthdays, weddings, and other celebrations further boosts demand across demographics. In addition, the sponge cake’s suitability for mass production and longer shelf life enhances its attractiveness in commercial bakeries and supermarkets, where supply chain efficiency and product standardization are key. The rise in ready-to-eat cake demand, especially in urban and semi-urban areas, has also increased packaged sponge cake consumption. While cupcakes and dessert cakes cater to niche indulgence or gourmet segments, sponge cakes continue to dominate due to their affordability, ease of customization, and strong cultural associations with traditional baking practices. As health-conscious innovations—such as low-sugar or gluten-free sponge variants—enter the market, this segment is likely to retain its leadership through both classic appeal and product diversification.

Cakes Market Share Analysis: Chocolate Flavour segment is set to achieve the highest growth rate (CAGR) during the forecast period from 2025 to 2034.

In the global cakes market, the chocolate flavor segment is projected to experience the fastest growth through 2034, owing to its broad consumer appeal and its evolving role in premium and artisanal cake innovations. Chocolate continues to dominate flavor preferences across both developed and emerging markets due to its versatility in formulations—from dark and bittersweet to milk and ruby varieties—catering to a range of palates. The increasing demand for indulgent desserts and the surge in premium and occasion-based consumption, such as birthdays and festive celebrations, further accelerate its adoption. Additionally, advancements in cocoa sourcing, including sustainable and fair-trade practices, are driving consumer trust and loyalty in chocolate-based offerings. This segment is also seeing innovations in gluten-free, vegan, and low-sugar variants, making it more inclusive and responsive to evolving health trends, which significantly contributes to its robust growth trajectory.

Cakes Market Segmentation

By Type

• Sponge cake
• Cup Cake
• Dessert Cake

By Flavour

• Chocolate
• Vanilla
• Cheese

By Application

• Celebration
• Eatable desert
• Others

By Distribution Channel

• Online Sales
• Supermarkets/Hypermarkets
• Bakeries

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

Cakes Companies Profiled in the Study

• American Baking Company
• Aryzta AG
• Britannia Industries Limited
• Brutons Biscuit Company Limited
• Campbell Soup Company
• Cornu AG
• Dali Food Group Co., Ltd.
• Danone S.A.
• ITC Limited
• Kambly SA
• Kellogg Company
• Lotus Bakeries N.V.
• Mondelez International, Inc.
• Nestlé S.A.
• Pladis Global (United Biscuits)
• The Hershey Company
• The Kraft Heinz Company
• Ülker Bisküvi Sanayi A.Åž.
• Walkers Shortbread Ltd.

 *List not Exhaustive

Cakes Market Outlook 2024

1 Market Overview

1.1 Introduction to the Cakes Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2024 Cakes Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Cakes Market Companies with Area Served

4.2.2 Products Offerings Global Cakes Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 Post-COVID-19 Scenario- Reference Growth Case

5.1.4 Post-COVID-19 Scenario- Low Growth Case

 

6 Global Cakes Market Trends

6.1 Global Cakes Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Cakes Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Cakes Revenue (USD Million) and CAGR (%) by Regions (2018-2030)

 

7 Global Cakes Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Cakes Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Cakes Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Cakes Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Cakes Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Cakes Development Regional Status and Outlook

8.1 Global Cakes Revenue (USD Million) By Regions (2018-2022)

8.2 North America Cakes Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Cakes Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Cakes Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Cakes Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Cakes Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Cakes Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Cakes Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Cakes Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Cakes Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Cakes Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Cakes Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Cakes Revenue (USD Million) by Applications (2018-2022)

8.5 South America Cakes Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Cakes Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Cakes Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Cakes Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Cakes Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Cakes Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Cakes Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Cakes Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Cakes Market Revenue (USD Million), by Type, and Applications (2024-2030)

10.1 Global Cakes Revenue (USD Million) and Market Share (%) by Type (2024-2030)

10.1.1 Global Cakes Revenue (USD Million), and Market Share (%) by Type (2024-2030)

10.2 Global Cakes Revenue (USD Million) and Market Share (%) by Applications (2024-2030)

10.2.1 Global Cakes Revenue (USD Million), and Market Share (%) by Applications (2024-2030)

 

11 Global Cakes Development Regional Status and Outlook Forecast

11.1 Global Cakes Revenue (USD Million) By Regions (2024-2030)

11.2 North America Cakes Revenue (USD Million) by Type, and Applications (2024-2030)

11.2.1 North America Cakes Revenue (USD) Million by Country (2024-2030)

11.2.2 North America Cakes Revenue (USD Million), by Type (2024-2030)

11.2.3 North America Cakes Revenue (USD Million), Market Share (%) by Applications (2024-2030)

11.3 Europe Cakes Revenue (USD Million), by Type, and Applications (2024-2030)

11.3.1 Europe Cakes Revenue (USD Million), by Country (2024-2030)

11.3.2 Europe Cakes Revenue (USD Million), by Type (2024-2030)

11.3.3 Europe Cakes Revenue (USD Million), by Applications (2024-2030)

11.4 Asia Pacific Cakes Revenue (USD Million) by Type, and Applications (2024-2030)

11.4.1 Asia Pacific Cakes Revenue (USD Million), by Country (2024-2030)

11.4.2 Asia Pacific Cakes Revenue (USD Million), by Type (2024-2030)

11.4.3 Asia Pacific Cakes Revenue (USD Million), by Applications (2024-2030)

11.5 South America Cakes Revenue (USD Million), by Type, and Applications (2024-2030)

11.5.1 South America Cakes Revenue (USD Million), by Country (2024-2030)

11.5.2 South America Cakes Revenue (USD Million), by Type (2024-2030)

11.5.3 South America Cakes Revenue (USD Million), by Applications (2024-2030)

11.6 Middle East and Africa Cakes Revenue (USD Million), by Type, and Applications (2024-2030)

11.6.1 Middle East and Africa Cakes Revenue (USD Million), by Region (2024-2030)

11.6.2 Middle East and Africa Cakes Revenue (USD Million), by Type (2024-2030)

11.6.3 Middle East and Africa Cakes Revenue (USD Million), by Applications (2024-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Cakes Market Companies with Areas Served

Table 3 Products Offerings Global Cakes Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Cakes Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Cakes Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Cakes Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Cakes Revenue (USD Million) By Type (2018-2022)

Table 11 Global Cakes Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Cakes Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Cakes Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Cakes Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Cakes Market Share (%) By Regions (2018-2022)

Table 16 North America Cakes Revenue (USD Million) By Country (2018-2022)

Table 17 North America Cakes Revenue (USD Million) By Type (2018-2022)

Table 18 North America Cakes Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Cakes Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Cakes Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Cakes Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Cakes Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Cakes Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Cakes Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Cakes Revenue (USD Million) By Country (2018-2022)

Table 26 South America Cakes Revenue (USD Million) By Type (2018-2022)

Table 27 South America Cakes Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Cakes Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Cakes Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Cakes Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Cakes Revenue (USD Million) By Type (2024-2030)

Table 33 Global Cakes Revenue Market Share (%) By Type (2024-2030)

Table 34 Global Cakes Revenue (USD Million) By Applications (2024-2030)

Table 35 Global Cakes Revenue Market Share (%) By Applications (2024-2030)

Table 36 Global Cakes Market Revenue (USD Million), And Revenue (USD Million) By Regions (2024-2030)

Table 37 North America Cakes Revenue (USD)By Country (2024-2030)

Table 38 North America Cakes Revenue (USD Million) By Type (2024-2030)

Table 39 North America Cakes Revenue (USD Million) By Applications (2024-2030)

Table 40 Europe Cakes Revenue (USD Million) By Country (2024-2030)

Table 41 Europe Cakes Revenue (USD Million) By Type (2024-2030)

Table 42 Europe Cakes Revenue (USD Million) By Applications (2024-2030)

Table 43 Asia Pacific Cakes Revenue (USD Million) By Country (2024-2030)

Table 44 Asia Pacific Cakes Revenue (USD Million) By Type (2024-2030)

Table 45 Asia Pacific Cakes Revenue (USD Million) By Applications (2024-2030)

Table 46 South America Cakes Revenue (USD Million) By Country (2024-2030)

Table 47 South America Cakes Revenue (USD Million) By Type (2024-2030)

Table 48 South America Cakes Revenue (USD Million) By Applications (2024-2030)

Table 49 Middle East and Africa Cakes Revenue (USD Million) By Region (2024-2030)

Table 50 Middle East and Africa Cakes Revenue (USD Million) By Region (2024-2030)

Table 51 Middle East and Africa Cakes Revenue (USD Million) By Type (2024-2030)

Table 52 Middle East and Africa Cakes Revenue (USD Million) By Applications (2024-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Cakes Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Cakes Revenue Market Share (%) By Type (2022)

Figure 5 Global Cakes Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Cakes Revenue Market Share (%) By Applications (2022)

Figure 7 Global Cakes Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Cakes Market Share (%) By Regions (2022)

Figure 9 North America Cakes Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Cakes Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Cakes Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Cakes Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Cakes Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Cakes Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Cakes Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Cakes Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Cakes Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Cakes Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Cakes Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Cakes Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Cakes Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Cakes Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Cakes Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Cakes Revenue (USD Million) By Type (2024-2030)

Figure 25 Global Cakes Revenue Market Share (%) By Type (2030)

Figure 26 Global Cakes Revenue (USD Million) By Applications (2024-2030)

Figure 27 Global Cakes Revenue Market Share (%) By Applications (2030)

Figure 28 Global Cakes Market Revenue (USD Million) By Regions (2024-2030)

Figure 29 North America Cakes Revenue (USD Million) By Country (2024-2030)

Figure 30 North America Cakes Revenue (USD Million) By Type (2024-2030)

Figure 31 North America Cakes Revenue (USD Million) By Applications (2024-2030)

Figure 32 Europe Cakes Revenue (USD Million) By Country (2024-2030)

Figure 33 Europe Cakes Revenue (USD Million) By Type (2024-2030)

Figure 34 Europe Cakes Revenue (USD Million) By Applications (2024-2030)

Figure 35 Asia Pacific Cakes Revenue (USD Million) By Country (2024-2030)

Figure 36 Asia Pacific Cakes Revenue (USD Million) By Type (2024-2030)

Figure 37 Asia Pacific Cakes Revenue (USD Million) By Applications (2024-2030)

Figure 38 South America Cakes Revenue (USD Million) By Country (2024-2030)

Figure 39 South America Cakes Revenue (USD Million) By Type (2024-2030)

Figure 40 South America Cakes Revenue (USD Million) By Applications (2024-2030)

Figure 41 Middle East and Africa Cakes Revenue (USD Million) By Region (2024-2030)

Figure 42 Middle East and Africa Cakes Revenue (USD Million) By Region (2024-2030)

Figure 43 Middle East and Africa Cakes Revenue (USD Million) By Type (2024-2030)

Figure 44 Middle East and Africa Cakes Revenue (USD Million) By Applications (2024-2030)

Figure 45 Bottom-Up and Top-Down Approaches For This Report

Figure 46 Data Triangulation

 

Cakes Market Segmentation

By Type

• Sponge cake
• Cup Cake
• Dessert Cake

 

By Flavour

• Chocolate
• Vanilla
• Cheese

 

By Application

• Celebration
• Eatable desert
• Others

 

By Distribution Channel

• Online Sales
• Supermarkets/Hypermarkets
• Bakeries

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)