Market Share of Cakes Industry
The cakes market is competitive and is still growing owing to the product variants across packaging formats, flavors, and sizes. The market vendors are developing new products with an emphasis on organic and gluten-free variants to increase their market shares and gain traction in the global marketplace. The cake manufacturers and brand owners who dominate the domestic markets are making strategic acquisitions of domestic cake producers. Acquiring these brands enables diversification and further creates growth opportunities. Major players operating in the market include Hostess Brands Inc., DoFreeze LLC, Britannia Industries, and Grupo Bimbo.
Cake Market Leaders
Grupo Bimbo, S.A.B. de C.V.
Hostess Brands, Inc.
DoFreeze LLC
McKee Foods Corporation
Flowers Foods, Inc.
*Disclaimer: Major Players sorted in no particular order