Global Cake Pops Market 2018-2022

Global Cake Pops Market 2018-2022

  • November 2018 •
  • 88 pages •
  • Report ID: 5658054 •
  • Format: PDF
About this market

The expanding retail space, globally, is one of the positive trends that will influence the growth of the global cake pops market during the forecast period. The sales of cake pops through supermarket and hypermarket are also increasing with the rising number of supermarkets’ in store bakeries. Technavio’s analysts have predicted that the cake pops market will register a CAGR of almost 3% by 2022.

Market Overview
Rise in the number of in-store bakeries
The prominence and popularity of in-store bakeries are increasing due to their lower prices and the convenience of one stop shopping. This is pushing growth in the market.
Fluctuating raw material prices
The price of major raw materials such as flour, sugar, salt, and milk are rising due to the increasing costs of production. Thus, this rising cast of raw material pose as threat to the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the cake pops market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be concentrated and with the presence of few companies including Sugar Bliss Cake Boutique and The Cake Pop Company the competitive environment is quite intense. Factors such as the rise in the number of in-store bakeries and the expansion retail outlets, will provide considerable growth opportunities to cake pops manufactures. CANDY’S CAKE POPS, K & T CAKE POPS, Raleigh Cake Pops, Sugar Bliss Cake Boutique, and The Cake Pop Company are some of the major companies covered in this report.