Global Cake Pops Market, By Product (Sugar, Non-Sugar), Distribution Channel (Supermarkets, Hypermarkets, Convenience Stores, Online Retail Stores) – Industry Trends and Forecast to 2029
Market Analysis and Size
Globally, there is a noticeable market trend: the rising customer preference for food product purchases, which led to constant product innovations and creating convenience in shopping and providing the customers with multiple options to select from.
Data Bridge Market Research analyses that the cake pops market was valued at USD 0.2 billion in 2021 and is expected to reach the value of USD 0.25 billion by 2029, at a CAGR of 3.0% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Sugar, Non-Sugar), Distribution Channel (Supermarkets, Hypermarkets, Convenience Stores, Online Retail Stores)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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The Cake Pop Co. (U.S), CANDY'S CAKE POPS (U.S), K & T Cake Pops (U.S), Sugar Bliss LLC. (U.S), Alexandria Cake Pop Company (U.S), Sweets & Stems (U.S)
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Opportunities
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Market Definition
Cake pops are crumbled cake with frosting rolled into bite-size balls resembling lollipops. Cake pops are a great way to use leftover cakes because they use the same ingredients as a traditional cake. A freshly baked cake or leftovers from another cake are crumbled into pieces then it is combined with the frosting and formed into balls. Each crumbled cake ball is attached to a stick, dipped in melted chocolate, and refrigerated for at least 2 hours.
Cake Pops Market Dynamics
Drivers
- Growing retail bakeries and rising retail activities
The increase in the number of in-store bakeries as a result of lower costs and more convenient shopping will help the cake pops industry grow. Aside from that, rising retail activity and a massive demand for shelf space are expected to boost the industry's growth in the coming years.
- Rising application from the cosmetic industry
The rising urban population around the world, rising demand for on-the-go snacks, particularly in developed and emerging economies and an increase in spending capacity in developing countries are the primary drivers of the global cake pops market. Aside from that, diet and lifestyle changes have aided the market's growth over the last two decades. Rapid urbanisation also contributes to an increase in supermarkets and hypermarkets, which aids in the global growth of cake pops. Furthermore, the increased awareness of new flavours of mixes as well as the increased demand for convenience cake mixes are expected to be major drivers of the global cake pops market. Furthermore, the introduction of organic cake and low calorie cakes is boosting the growth of the cake pops market.
Opportunity
Globally, a noticeable market trend is evidently rising: the customer preference for purchasing food products through e-commerce channels, which is becoming a major revenue generation trend in the industry. Major vendors have either established manufacturing facilities or plan to launch new services in the dominated region in the coming years, providing ample growth opportunities to the market.
Restraints
However, on the other hand, high ingredient costs such as milk, flour, salt, and sugar are expected to limit market growth. Furthermore, the availability of healthier snack items may reduce market growth. The ongoing COVID-19 global crisis has caused supply chain disruptions, particularly for dairy and agricultural products. As a result, the cake pops market's growth is limited.
This cake pops market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cake pops market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cake Pops Market
Almost every industry in the world has suffered a setback in the last 18 months. This is due to significant disruptions in their respective manufacturing and supply-chain operations caused by various precautionary lockdowns and other restrictions imposed by governments worldwide. The same can be said of the global cake pops market. Furthermore, consumer demand has decreased as people are now more focused on eliminating non-essential expenses from their respective budgets as the general economic status of the majority of people has been severely impacted by this outbreak. These factors are expected to have an impact on the revenue trajectory of the global cake pops market over the forecast period.
Global Cake Pops Market Scope
The cake pops market is segmented on the basis of products and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
- Sugar
- Non sugar
Distribution channel
- Supermarkets
- Hypermarkets
- Convenience stores
- Online Retail stores
Cake Pops Market Regional Analysis/Insights
The cake pops market is analysed and market size insights and trends are provided by country, products and distribution channel as referenced above.
The countries covered in the cake pops market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to make significant contributions to the overall cake pops market share in the forecast period. The presence of a large number of convenient in-store bakeries in hypermarkets and supermarkets in countries such as India and China has contributed to regional growth. Furthermore, Europe, the Middle East, and Africa have enormous untapped growth potential and will make significant contributions to overall market expansion in the near future.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cake Pops Market Share Analysis
The cake pops market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cake pops market.
Some of the major players operating in the cake pops market are:
- The Cake Pop Co. (U.S)
- CANDY'S CAKE POPS (U.S)
- K & T Cake Pops (U.S)
- Sugar Bliss LLC.(U.S)
- Alexandria Cake Pop Company (U.S)
- Sweets & Stems (U.S)
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