Latest News- Cakes Market: Dessert cakes is expected to lead the Product Type segment during 2025-2029

The Cakes Market is being driven by Growing millennial population is more inclined toward convenience foods

The Cakes Market is expected to grow at a CAGR of 3.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10759.7 million. The global market for sugar-free cakes, pastries, and sweet pies is experiencing significant growth due to the rising prevalence of diabetes and increasing consumer awareness towards health and fitness. Urban populations are turning to baked goods and confectionery as convenient snack options, leading to the expansion of this market. Additionally, the growing trend of home-baking and the diverse consumer palate are fueling demand for a wide range of sugar-free offerings. These factors are expected to drive the growth of the sugar-free cakes, pastries, and sweet pies market during the forecast period. 

Get more information on Cakes Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Dessert cakes
  • Sponge cakes
  • Cupcakes
  • Others
• Distribution Channel
  • Offline
  • Online
• Flavor
  • Chocolate cakes
  • Vanilla cakes
  • Fruit-based cakes
  • Others
• Type
  • Packaged cakes
  • Freshly baked cakes
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing millennial population is more inclined toward convenience foods
• High demand for artisan baked products
• Ready-To-Eat products demand

However, the market also witnesses some limitations, which are as follows:

• Increasing obesity causing restraint to market
• Rising health consciousness among consumers
• Increase in number of diabetic patient worldwide may hinder market growth

Benefits of Buying Global Cakes Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Cakes Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the realm of sweet indulgences, explore a diverse range of offerings from cakes and pastries to sugar-free baked goods and artisanal items. Discover vegan pastries, cake mixes, and high-fructose corn syrup-free options. Supermarkets, hypermarkets, convenience stores, and online retailers stock a variety of instore bakery products, made with essential ingredients like flour, sugar, eggs, milk, butter, and shortening. Delight in an assortment of flavors, including chocolate, vanilla, fruit, nuts, and caramel, crafted into custom cakes and ready-to-eat food items.

Market Research Overview

The global packaged foods and meats market encompasses businesses engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of the participating vendors. This market segment does not cover food processing equipment manufacturers or producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Key growth drivers for the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed items, such as cakes, pastries, sweet pies, custom cakes, cake mixes, artisanal bakery products, and vegan pastries, which are rich sources of essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/