Cake Industry Statistics

In this post, we will explore the thriving cake industry by diving into key statistics that highlight its economic significance and consumer trends. From the global market outlook to specific country insights, these statistics shed light on the ever-evolving landscape of the cake industry. Let’s uncover the data behind this sweet business.

Statistic 1

"The global cake mix market is anticipated to reach $1.9 billion by the end of 2022."

Statistic 2

"The European cake market saw retail sales of $13.36 billion in 2012."

Statistic 3

"The cake industry in the UK is worth around £1.3 billion."

Statistic 4

"About 90.4% of households in the US purchased cakes in 2020."

Statistic 5

"Single-serve cakes saw a 19.5% increase in dollar sales from 2018 to 2019 in the US."

Statistic 6

"The cake industry contributes around 0.5% to the GDP in India."

Statistic 7

"The average German consumes nearly 10.28 kg of cake and small baked goods per year."

Statistic 8

"The chocolate cake segment accounted for a massive 34.7% share in the global market in 2020."

Statistic 9

"The global cake pop market is expected to surpass $810 million by 2026."

Statistic 10

"Online cake sales have steadily been increasing, with online bakery sales in the US alone reaching $870 million in 2017."

In conclusion, the cake industry is a thriving market globally, with significant financial contributions in various countries such as the UK, US, and India. The statistics highlight the growing popularity of cakes among consumers, with trends such as single-serve cakes and online sales driving market growth. The data also underscore the diverse preferences within the industry, from chocolate cakes dominating the market share to the emerging cake pop segment. These statistics collectively point towards a promising future for the cake industry, with continued growth and innovation expected in the coming years.