The global demand for Cake Pops Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Cake Pops refers to crumbled cake with frosting and rolled into bite-size balls like lollipops. Cake Pops are an ideal way to use left-over cakes, it uses the same ingredients as used in the traditional cake. Either a freshly baked cake or left overs from an existing are crumbled into pieces. The pieces of the crumbled cake are mixed in the bowl of frosting and shaped in balls. Each crumbled cake ball is connected to a stick and dipped in melted chocolate and allowed to rest in the refrigerator for atleast 2 hours. The most popular tools used while making cake pops are cookie cutters and silicone molding pan.
The rising urban population across the globe, increasing demand for to-go snacks especially in developed and emerging economies, and the surge in spending capacity in developing nations are the main drivers of the growth of the global cake pops market. Besides this, diet and lifestyle shift over the two decades augment the growth aspect of this market. Also, rapid urbanization contributes to an increase in supermarkets and hypermarkets, which helps in the growth of cake pops in the global market. On the other hand, high costs of ingredients like milk, flour, salt, and sugar are anticipated to restrain the growth of the market. Furthermore, the existence of healthier snack bakery items can decrease product penetration in the market. The ongoing COVID-19 global crisis has brought disruption to supply chains, especially for dairy and agricultural products. Thereby, restricting the growth of the cake pops market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cake pops.
The entire cake pops market has been sub-categorized into product type and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
By Distribution Channel
- Cake Pops with Sugar
- Sugar-Free Cake Pops
- Discount Stores
- Online Retail Stores
- Convenience Stores
This section covers regional segmentation which accentuates on current and future demand for cake pops market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cake Pops Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cake pops market include Candy's Cake Pops, The Cake Pop Company, Sugar Bliss Cake Boutique, Raleigh Cake Pops, K, and T Cake Pops, Alessi Bakeries, Alexandria Cake Pop Company. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.