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Claight Corporation (Expert Market Research)
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Charlotte Jones
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+1-415-325-5166
30 North Gould Street, Sheridan, WY 82801, USA


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Australia Cake Market: Trends, Innovations, and Future Outlook by 2032
The Australia cake market was valued at USD 1.13 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.03% from 2024 to 2032. By 2032, the market is expected to approach USD 1.48 billion.

BriefingWire.com, 9/03/2024 - According to the report by Expert Market Research (EMR), the [FURL=https://bit.ly/4dHmBLo]Australia cake market size[/FURL] reached a value of USD 1.13 billion in 2023. Aided by the evolving customer preferences and rising disposable income, the market is projected to further grow at a CAGR of 3.03% between 2024 and 2032 to reach a value of USD 1.48 billion by 2032.

Cakes are universally recognised as essential components of celebrations and special occasions. In Australia, the increasing consumption of cake is not only tied to festivities but also to the rising trend of café culture, where cakes are a popular accompaniment to coffee.

Consumers in Australia are increasingly preferring premium products that offer superior quality and unique flavours. This shift is driving bakeries and cake shops to focus on artisanal and bespoke cakes, often made with high-quality, locally-sourced ingredients. Australia's multicultural society is influencing cake flavours and styles. There is a growing interest in ethnic cakes, which reflects the diverse cultural background of the Australian population.

Gluten-free cakes are increasingly available in various retail settings, from specialty health food stores to major supermarkets and even in cafes and restaurants. The presence of gluten-free options is now common in both urban and regional areas across Australia, catering to the growing consumer demand. Supermarkets like Woolworths and Coles have expanded their gluten-free product ranges significantly, often featuring gluten-free cakes prominently.

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As per the Australia cake market analysis, Sydney in New South Wales serves as a hub for culinary innovation and boasts a vibrant food scene. The demand for premium and artisanal cakes is notably high in this region. Additionally, there is a significant preference for health-conscious options, including organic and gluten-free cakes, driven by the metropolitan lifestyle and higher health awareness. Expansion of gourmet bakeries and online cake shops focusing on unique, customised cake designs can tap into the affluent consumer base.

Melbourne, known for its coffee culture, sees cakes as a popular accompaniment in cafes and restaurants. The region is known for its artistic and experimental approach to food. Also, leveraging Melbourne's event scene can increase demand for celebration cakes, leading to Australia cake market expansion. Moreover, in areas like Brisbane, there is a trend towards casual dining, which influences the types of cakes consumed.

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Seasonal fluctuations affect cake sales, with higher demand during tourist peaks. Consumers here show a preference for tropical and fruit-flavoured cakes, aligning with the local climate and produce availability. Developing lighter, fruit-based cakes and incorporating local ingredients can appeal to both locals and tourists, consequently driving up the Australia cake market share.

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

Black Velvet & Co Pty Ltd.

Sugar High Australia Pty Ltd. (Cake Mail)

Cakes2U

Ferguson Plarre Bakehouses Pty Ltd.

Town Inn Pty Ltd. (Miss Maud)

Khatib Pty Ltd. (Looma’s)

Marks Quality Cakes

Mrs Jones The Baker

Sydney SmashCakes

Sydney Cake House Sdn. Bhd.

Others

 
 
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