The global sales of cookie pucks are projected to grow at a healthy CAGR of around 5.1% to 7% between 2022 and 2032, generating substantial revenues by the end of the forecast period. Growth is attributed to the rising consumption of cookies across the world.
Report Attribute | Details |
Cookie Pucks Market Projected Growth Rate (2022-2032) | 5.1% - 7% CAGR |
Cookie pucks are ready to bake cookies made by blending cookie ingredients like flour, sugar, water, eggs etc. These raw cookies are available in various sizes and forms in the market, and can be easily baked when required.
During the last few decades, demand for cookie pucks has been on the rise and the trend is likely to continue in the future, owing to the rising consumer inclinations towards eating freshly baked cookies. These cookie pucks require less time for preparation and provide a crunchy taste and texture after baking.
There are various types of cookie pucks such as Belgian chocolate chunk cookie pucks, oat, raisin and lemon cookie pucks, and peanut butter cookie punks available in the market. growing demand for these cookie pucks will continue to boost the growth of cookie pucks market during the forecast period.
Cookie pucks usually have a longer shelf life than baked ones. They can be freshly baked and served without too much labor.
Leading players are now focusing on preparing risk free edible cookie plucks with antibacterial features. This will help them to eliminate the risk of getting bacterial infections. Furthermore, they are wooing more and more customers with innovative packaging solutions and product flavor variants.
Rising adoption of cookie pucks across various end use verticals such as bakery shops, confectionery shops, restaurants and hotels, household, and confectionery shops due to their various advantages is the major factor driving the global cookie pucks market.
Cookies are being increasingly consumed as a snack across majority of regions. In fact, they are among the most popular bakery products used in the world. However, during the last few years, consumers are shifting their preference from baked cookies to cookie pucks due to their various benefits such as longer shelf life and convenient nature. These cookies can be stored for longer periods of time and can be easily baked when required. Rising demand for cookie pucks is anticipated to generate lucrative growth prospects within the global cookie pucks market during the forecast period.
They have become a suitable option for consumers who require consistency in taste, flavor and texture. As the consumer preference for freshly baked products increases, sales of cookie pucks are bound to rise during the forecast period.
People are continuously consuming cookie pucks as a part of their daily routine diet. They have become one of the most consumed snacks along with hot beverages, especially across developing regions like India.
Despite growing popularity of cookie pucks, there are various factors that are likely to challenge market growth over the forecast period. Some of these factors are the changing consumer preference towards ready-to-eat foods, rising concerns regarding the possibility of bacterial growth on uncooked cookie dough, and increasing competition in the bakery and confectionery industry.
Various organizations like the U.S. Food and Drug Administration are discouraging the consumption of food products containing raw eggs and flour as they are more prone to bacterial infections and can cause various foodborne diseases. This is also limiting the growth of cookie pucks to some extent.
According to the latest Future Market Insights analysis, North America is anticipated to remain the most lucrative market for cookie pucks, owing to the rising consumer demand for ready to cook foods, growing popularity of cookie pucks due to their longer shelf life, and presence of leading market players.
It is being estimated that over 90% consumers eat cookies on regular basis across America. People living across developed countries such as the U.S. are consuming cookie products like white chocolate chunk cookie pucks, peanut butter cookies punks, and milk & dark chocolate cookie punks on large scales.
Similarly, availability of large retail industry sectors like supermarkets and convenience stores along with increasing trend of purchasing cookie pucks from online platforms will further generate growth prospects for key market players across North America in future.
With rapid expansion of bakery and confectionery industry, changing eating habits, and increasing spending by people on ready to cook food products, Asia Pacific market is poised to grow at a faster CAGR over the forecast period.
Asia pacific is witnessing huge demand for cookie pucks due to growing popularity of the product and rapidly increasing population across fast growing nations like India and China. People living in these countries prefer to eat snacks like cookies along with hot beverages. This is emerging as a key driver in boosting the sales of cookie pucks market across Asia Pacific.
Some of the key participants present in the global cookie pucks market include Dawn Foods, CSM Bakery Solutions, Brakers Ltd., Sweet Street Desserts Inc., Rubicon Bakers, Turner-Price Ltd., Main Street Gourmet, and Walnut Creek Foods.
Attributed to the presence of such a high number of participants, the market is highly competitive in nature. Majority of these market players are using growth strategies such as new product launches, partnerships with end users, establishment of new facilities and strengthening of distribution channels to increase their sales.
Report Attribute | Details |
Growth Rate | CAGR of 5.1 - 7% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015-2020 |
Forecast Period | 2022-2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
By Product Type:
By End Use:
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Region:
FMI projects the global cookie pucks market to expand at a CAGR of around 5.1% to 7% during the forecast period.
As per FMI, North America will continue to remain the most attractive market for cookie punks during the forecast period.
Dawn Foods, CSM Bakery Solutions, Brakers Ltd., Sweet Street Desserts Inc., Rubicon Bakers, Turner-Price Ltd. are some prominent cookie pucks manufacturers
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