Cheesecakes Market size is estimated at $18 billion in 2020, growing at a CAGR of 3.7% during the forecast period 2021-2026. Over the next several years, the high popularity of enjoying all types of special occasions and success through celebration by cheesecake dessert is projected to be a major driving force. Consumers are spending more money on occasion-specific cakes, and cheesecakes has gained significant popularity on being celebrated at occasions which is driving the overall Cheesecake Market. The Cheesecake Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape :
The top 5 players in the Cheesecake industry are –
2. Tyson Foods
4. The Cheesecake Factory
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Segmental Analysis :
1. The New York Original Cheesecake held the largest market share of the Cheesecakes Market in 2020. The New York Original Cheesecake is a special type of cheesecake which can made with cream cheese, cottage cheese and ricotta cheese.
2. New York Strawberry Cheesecake segment is estimated to grow at a faster CAGR of 4.2% over the forecast period 2021-2026. It is similar to The New York Original Cheesecake with strawberry jelly and fresh cut strawberry pieces to its top.
3. Online Stores selling cheesecakes are predicted to grow at a CAGR of 5.5% over the period of 2021-2026. The sales are expanding significantly in many parts of the world as clients can make online orders for their favourite cakes.
4. In 2020, the North America held 34.8%, the largest regional market share for cheesecakes, with US contributing the largest market share in North America. The New York Original Cheesecake became one of the most preferred delicacy in US and continued to expand in the western states of US.
New York Original Cheesecake, New York Strawberry Cheesecake, Pumpkin Cheesecake, Gourmet Sampler, Fruit Sampler, Chocolate Sampler, Triple Chocolate, Turtle
By Distribution Chanel
Traditional Offline and Online
North America, Europe, Asia-Pacific, South America and Rest of World
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Market Drivers and Challenges :
1. Cheesecakes was considered as an American dessert and the delicacy was limited only to people of North America and Europe. With increase in globalization and cheesecakes factories being set up across the world.
2. Owing to increased celebrity endorsements through sitcoms, advertisements and MasterChef challenge shows, Cheesecake market is gaining exponential popularity and is predicted to grow across the globe.
3. People find it difficult to differentiate between custard and cheesecake in Asian countries, thus it hampers the expansion and growth of Cheesecake Market.
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