Market Outlook
According to this report, the cake stand market size reached a value of USD 979.57 million in 2023. Aided by the increasing demand for aesthetically pleasing presentation solutions and the growing popularity of home baking and celebratory events, the market is projected to further grow at a CAGR of 4.7% between 2024 and 2032 to reach a value ofUSD 1.48 billion by 2032.A cake stand is a pedestal or platform used to display cakes and other desserts, enhancing their presentation and making them the centrepiece of various occasions. Cake stands come in various materials, designs, and sizes, catering to different preferences and event themes. The market is experiencing significant growth due to the rising trend of home baking, the increasing popularity of themed parties, and the growing emphasis on food presentation in the hospitality industry.
The increasing demand for aesthetically pleasing presentation solutions is driving the cake stand market growth. With the growing focus on visual appeal and presentation, there has been a significant shift towards using decorative and stylish cake stands to enhance the display of cakes and desserts. Cake stands add elegance and sophistication to any event, making them a popular choice for weddings, birthdays, and other celebrations.
The rising trend of home baking and the growing popularity of themed parties also play a significant role in the market's growth. As more consumers engage in home baking and organize themed parties, there is a growing demand for cake stands that complement the theme and enhance the overall presentation of baked goods. Cake stands are available in various designs, including vintage, modern, and whimsical, catering to different preferences and themes.
The expanding applications of cake stands in various sectors significantly contribute to the market's growth. In the hospitality sector, cake stands are widely used in hotels, restaurants, and bakeries to display cakes and desserts attractively. The increasing emphasis on food presentation and the growing trend of dessert buffets and high tea services have driven the adoption of cake stands in the hospitality sector, consequently driving up the cake stand market share.
In the retail sector, cake stands are used in supermarkets, specialty stores, and online platforms to display and sell cakes and other baked goods. The growing demand for premium and decorative cake stands for retail display has boosted the adoption of cake stands in the retail sector. Additionally, the increasing focus on e-commerce and online sales of baking supplies and accessories has further driven the market growth.
In the household sector, cake stands are used for home baking and personal celebrations. The rising trend of home baking, fuelled by social media and baking shows, has increased the demand for cake stands among home bakers. Cake stands are also popular for personal celebrations, such as birthdays, anniversaries, and holidays, where they are used to enhance the presentation of homemade cakes and desserts.
As per the cake stand market analysis, North America holds a significant share in the market, driven by the growing trend of home baking, the increasing popularity of themed parties, and the presence of leading cake stand manufacturers in the region. The rising demand for decorative and functional cake stands for personal and commercial use has boosted the market growth in North America. Moreover, the region's strong focus on hospitality and food presentation further supports market growth.
Glass cake stands represent the largest segment, driven by their elegant and sophisticated appearance. Metal and ceramic cake stands are also significant, offering durability and a range of design options. Acrylic and wood cake stands are gaining traction for their versatility and unique aesthetic appeal.
Market Segmentation
The market can be divided based on type, material, application, and region.Market Breakup by Type
- Single Tier
- Double Tier
- Multi-tier
Market Breakup by Material
- Glass
- Wood
- Metal
Market Breakup by Application
- Commercial
- Residential
Market Breakup by Region
- North America
- Europe
- Latin America
- Middle East and Africa
- Asia Pacific
Competitive landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global cake stand market. some of the major players explored in the report are as follows:- Williams-Sonoma Inc.
- Libbey Inc.
- Nambe, LLC
- Martellato Srl
- Mosser Glass
- Inspired By Alma
- Mod Ceramics-Deruta Italy
- Pillivuyt
- Bourg-Joly Malicorne
- Crate and Barrel Holdings
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market16 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Cake Stand Market Analysis
9 North America Cake Stand Market Analysis
10 Europe Cake Stand Market Analysis
11 Asia Pacific Cake Stand Market Analysis
12 Latin America Cake Stand Market Analysis
13 Middle East and Africa Cake Stand Market Analysis
14 Market Dynamics
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Williams-Sonoma Inc.
- Libbey Inc.
- Nambe, LLC
- Martellato Srl
- Mosser Glass
- Inspired By Alma
- Mod Ceramics-Deruta Italy
- Pillivuyt
- Bourg-Joly Malicorne
- Crate and Barrel Holdings
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 187 |
Published | June 2024 |
Forecast Period | 2024 - 2032 |
Estimated Market Value ( USD | $ 1029.04 Million |
Forecasted Market Value ( USD | $ 1485.95 Million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |