What is Global Mooncake Market?
The Global Mooncake Market is a fascinating and complex sector of the global food industry. Mooncakes are a type of traditional Chinese pastry, typically enjoyed during the Mid-Autumn Festival. They are round in shape, symbolizing completeness and reunion, and are often gifted between friends and family members. The Global Mooncake Market encompasses the production, distribution, and sale of these delicacies worldwide. In 2022, the market was valued at a substantial US$ 2305.6 million, and it is projected to grow to US$ 2901.8 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2029. The market is dominated by four major manufacturers, who collectively hold a market share of over 10%.
Cantonese Mooncakes, Beijing-style Mooncake, Suzhou-style Mooncakes in the Global Mooncake Market:
Mooncakes come in various styles, each with its unique characteristics and flavors. The Cantonese Mooncakes, Beijing-style Mooncake, and Suzhou-style Mooncakes are the most popular types in the Global Mooncake Market. Cantonese Mooncakes are the most dominant, accounting for about 65% of the market. These mooncakes are known for their rich, sweet fillings and tender, golden crust. Beijing-style Mooncakes, on the other hand, are characterized by their delicate, flaky crust and sweet or savory fillings. Suzhou-style Mooncakes are famous for their crisp, layered crust and sweet or savory fillings. Each of these mooncake styles has its unique appeal, contributing to the diversity and vibrancy of the Global Mooncake Market.
Supermarkets and Hypermarkets, Independent Retailer, Convenience Store, Specialist Retailer, Online Retailer in the Global Mooncake Market:
The Global Mooncake Market extends to various retail channels, including Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers, and Online Retailers. Supermarkets and Hypermarkets are large-scale retail stores that offer a wide variety of products, including mooncakes. Independent Retailers are small, privately owned businesses that sell mooncakes among other products. Convenience Stores are small retail businesses that provide a limited range of everyday items, including mooncakes. Specialist Retailers are stores that specialize in selling specific types of products, such as mooncakes. Online Retailers are businesses that sell products, including mooncakes, over the internet. Each of these retail channels plays a crucial role in the distribution and sale of mooncakes, contributing to the growth and dynamism of the Global Mooncake Market.
Global Mooncake Market Outlook:
In summary, the Global Mooncake Market is a vibrant and growing sector of the global food industry. It encompasses the production, distribution, and sale of mooncakes, a traditional Chinese pastry enjoyed worldwide. The market is projected to grow at a CAGR of 3.3% from 2023 to 2029, reaching a value of US$ 2901.8 million. The market is dominated by four major manufacturers and is characterized by a variety of mooncake styles and retail channels. As the demand for mooncakes continues to grow, the Global Mooncake Market is set to become an even more significant player in the global food industry.
| Report Metric | Details |
| Report Name | Mooncake Market |
| Accounted market size in 2022 | US$ 2305.6 million |
| Forecasted market size in 2029 | US$ 2901.8 million |
| CAGR | 3.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Meixin Food Co.,Ltd., Huamei Group, Guangzhou Restaurant Group Co., Ltd., Wing Wah Food, Beijing Daoxiangcun, Shanghai Xinghualou (Group) Co., Ltd., Suzhou Daoxiangcun, Ganso, Xian Maky, Jiahua Food, Taipan Bread & Cakes, Forgain |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
