Cake Pops Market Size, Share, Trends, Growth 2030

Cake Pops Industry Perspective:

The global cake pops market size was evaluated at $11.1 Billion in 2022 and is slated to hit $20.1 Billion by the end of 2030 with a CAGR of nearly 8.3% between 2023 and 2030.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The cake pops industry report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Cake Pops Market: Overview

A cake pop is a kind of cake that is designed as a lollipop. Moreover, cake crumbs are mixed with icing or chocolate. It is formed into small cubes as well as spheres in a similar manner as cake balls, before giving it an icing coating, chocolate coating, or other decorations and it is attached to lollipop sticks.

Key Insights

• As per the analysis shared by our research analyst, the global cake pops market is projected to expand annually at the annual growth rate of around 8.3% over the forecast timespan (2023-2030)
• In terms of revenue, the global cake pops market was evaluated at nearly $11.1 billion in 2022 and is expected to reach $20.1 billion by 2030.
• The global market is anticipated to record massive growth over the forecast period owing to an increase in the number of in-store bakeries due to a reduction in rental costs along with a surge in convenient shopping activities.
• Based on product type, the cake pops with sugar segment to account for the major share of the global market over the forecast timeline.
• Based on distribution channel, the hypermarkets segment is slated to contribute majorly towards the global market share over 2023-2030.
• Region-wise, the Asia-Pacific cake pops market is projected to account for the highest growth during the assessment period.

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Cake Pops Market: Growth Factors

Thriving e-commerce industry and online sale of products to spur the global market landscape

Increase in the number of in-store bakeries due to a reduction in rental costs along with a surge in convenient shopping activities will spearhead the expansion of the cake pops market globally. In addition to this, flourishing retail business and an increase in online retailing activities will pave a way for the global cake pops market growth. Apparently, humungous demand for huge shelf space in retail stores as well as hypermarkets/supermarkets will spur the expansion of the cake pops market across the globe in the years to come. Moreover, a rise in disposable income has resulted in huge sales of cake pops, thereby leading to the exponential growth of the market in the ensuing years.

Furthermore, consumers are preferring buying of food items through the online ordering of food products and this has translated into huge product sales. This aspect has helped the global cake pops market amass huge proceeds from the sales of cake pops within a short timeframe. Launching of organic & low-calorie cakes will further boost the global market trends. Rise in awareness about new cake pop flavors and demand for convenience cake mixes will proliferate the size of the growth of the global market.

Cake Pops Market: Hindrances

Increase in costs of ingredients to impede the global industry expansion

Rapidly rising costs of raw materials used for making cake pop such as flour, milk, salt, and sugar can curtail the industry expansion in the foreseeable future. In addition to this, a rise in the intake of healthy snacks and tough competition from other bakery items can hinder the scaling up of the cake pops industry growth. A prominent increase in manufacturing costs as well as operating costs can reduce business growth in the upcoming years.

Cake Pops Market: Opportunities

Increase in new product developments to open new vistas of growth for the market across the globe

Growing trend of purchasing food items through e-commerce portals has generated new growth opportunities for the cake pops market across the globe. In addition to this, the rise in product innovations will further help the market explore new facets of growth in the forthcoming timeline. A large number of market players are rapidly establishing cake pops manufacturing units in various countries, thereby assisting them in exploring the untapped potential of the global cake pop market.

Cake Pops Market: Challenges

Stringent enforcement of laws related to imparting colors to cake pops to pose the biggest challenge to the global industry surge

Strict government rules pertaining to the use of colors in the preparation of cake pops can create a huge challenge in the growth of the global cake pops industry. In addition to this, the rise in inflation and changing protocols pertaining to preparing cake pops will further pose a massive challenge to the expansion of the global industry.

Cake Pops Market: Segmentation

The global cake pops market is sectored into product type, raw material, distribution channel, and region.

In terms of product type, the global cake pops market is divided into cake pops with sugar and sugar-free cake pops segments. Apparently, the cake pops with sugar segment, which led the product type landscape in 2022, is projected to lead the segmental surge during the estimated timespan. The segmental growth during 2023-2030 can be due to a rise in demand for cake pops with sugar among youth as well as the millennial population. In addition to this, the massive demand for calories and glucose and vegetarian trend witnessed across European and North American countries will further provide impetus to the growth of the segment in the foreseeable future.

Based on raw material, the market is divided into milk, salt, flour, and sugar.

Based on the distribution channel, the global cake pops industry is bifurcated into online retail stores, supermarkets, hypermarkets, offline retail stores, and convenience stores segments. Furthermore, the hypermarkets segment is projected to lead the distribution channel segment over the forecast timeline. Moreover, the growth of the segment in the coming years can be attributed to rise in the demand and purchase of confectionery items in hypermarkets.

Recent Breakthroughs

• In October 2022, Angelina Bakery, an Italy-based bakery famous for adding modern spins to various kinds of pops, launched a vending machine referred to as Angelina Pop which helps customers in enjoying Angelina’s desserts in a user-convenient way. The desserts include cake pops and over 100 fresh food items. The move will contribute majorly towards the expansion of the cake pops market in Italy and the European continent.
• In June 2022, Starbucks Corporation, a U.S.-based multination chain of coffeehouses & roastery reserves, introduced pineapple refreshers, cookies, and cream cake pops. The initiative will account for the growth of the cake pos business in the U.S. and across the North American sub-continent.

Cake Pops Market Report Scope:

Cake Pops Market: Regional Insights 

Cake pops market in the Asia-Pacific to contribute substantially towards the global market revenue share in 2023- 2030

The Asia-Pacific region, which accounted for a major revenue share of the global market in 2022, will retain its market domination globally in the coming decade. The growth of the market in the Asia-Pacific zone during the forecast period can be due to increase in-store bakeries in supermarkets and hypermarket stores in countries such as India and China. In addition to this, the presence of a large number of vendors and cake pops manufacturers in the region will also contribute notably towards the regional market growth.

Furthermore, the cake pops industry in the Middle East & Africa and Europe have humongous growth potential as the costs of producing cake pops are less in the European countries and the Middle East & African countries.  

Cake Pops Market: Competitive Space

The global cake pops market profiles key players such as:

• Raleigh Cake Pops
• Candy's Cake Pops
• Sugar Bliss Cake Boutique
• K & T Cake Pops
• The Cake Pop Company
• Sweets & Stems
• Alessi Bakeries
• Alexandria Cake Pop Company.

The global cake pops market is segmented as follows:

By Product Type

• Cake Pops With Sugar
• Sugar-Free Cake Pops

By Raw Material

• Milk
• Salt
• Flour
• Sugar

By Distribution Channel

• Supermarkets
• Hypermarkets
• Online Retail Stores
• Offline Retail Stores
• Convenience Stores

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa