Cake Market Anticipated To Reach USD 80.42 Billion By 2030: Grand View Research Inc.
San Francisco, 5 March 2024: The Report Cake Market Size, Share & Trends Analysis Report By Product (Cupcakes, Sponge Cakes), By Distribution Channel (Foodservice, Retail), By Region, And Segment Forecasts, 2024 - 2030 The global cake market size was anticipated to reach USD 80.42 billion by 2030 and it is projected to grow at a CAGR of 3.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increase in e-commerce platforms has made it easier for consumers to access a wide variety of cakes, from cupcakes, muffins, and sheet cakes to cheesecakes. In addition, manufacturers are launching innovative cake options like gluten-free, sugar-free, and organic to cater to evolving consumer tastes and preferences. These factors are expected to drive the demand for cakes during the forecast period. The online platform serves as a powerful showcase for the creativity of cake artisans. E-commerce websites and social media platforms provide a visual feast, allowing