Market Overview:

The Cheesecakes Market size is estimated to reach $26.6 billion by 2030, growing at a CAGR of 4% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Cheesecakes Market – By Type (Baked Cheesecake, Non-Baked), By Flavours (New York Original Cheesecake, Fruit Flavoured Cheesecake, Chocolate Flavoured Cheesecake, Pumpkin Cheesecake, Key Lime/Lime Cheesecake, Others), By Form (Bulk Cheesecake, Whole Cakes, Sliced Cheesecakes, Cheesecakes in Jars, Others), By Distribution Chanel (Offline and Online), By Sales Channel (Retail, Food Service), By Product Form (Ready to Eat, Frozen, Cheesecake Mixes and Baking Kits), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Celebrity endorsements and expanding international flavors are fueling the growth of the Cheesecakes industry during the forecast period.

North America Dominated the Market in 2023:

In 2023, North America led the global cheesecakes market, claiming a 39% share, with the U.S. contributing the most significant portion in this region. Among the range of cheesecake varieties, the New York Original Cheesecake gained immense popularity, becoming a staple across the U.S., particularly expanding in Western states. As both large and small bakeries adopted cheesecakes, the U.S. market experienced a sharp growth surge. Cheesecake further solidified its position as a celebration delicacy, frequently enjoyed during festivals and special occasions. This consistent demand indicates a strong growth trajectory, as it continues to resonate with American consumers' tastes. The cheesecake's rise as a favored dessert suggests ongoing market expansion, driven by both regional nostalgia and a growing trend in specialty desserts. 

Cheesecakes Market: Key Takeaways

Expansion of Cheesecake Globalization:

Once regarded as a primarily American dessert, cheesecakes are now seeing global acceptance due to the spread of Western cuisine and increased accessibility. Traditionally limited to North America and Europe, cheesecakes are now gaining traction in regions like Asia, where countries such as China and India have developed a notable preference for this rich, creamy dessert. The establishment of global cheesecake chains has played a significant role in familiarizing consumers worldwide with its unique taste and texture, appealing to a growing international palate. This evolving interest in cheesecakes is propelling market growth as new countries embrace the dessert, fueling an expansive reach across continents and signifying a shift towards a universally recognized treat.

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Rise in Celebrity and MasterChef Endorsements:

Cheesecake’s rise in popularity is bolstered by celebrity endorsements and appearances on prominent media platforms. American sitcoms and advertisements have widely showcased this dessert, enhancing its appeal. Cooking shows like MasterChef and other culinary competitions across North America and Asia frequently highlight cheesecake as a challenging yet delightful dessert, capturing viewers’ attention. This consistent media presence, combined with celebrity chefs and influencers endorsing cheesecake in creative forms, has driven its appeal worldwide. Additionally, its exposure in food-related content has sparked curiosity among new demographics, contributing to increased demand. As the dessert gains cultural relevance globally, the cheesecake market is set to see sustained growth, riding on the wave of media and celebrity-driven interest. 

Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

4%

Market Size in 2030

$26.6 billion

Segments Covered

By Type, By Flavours, By Form, By Distribution Channel, By Sales Channel, By Product Form, and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

1.       Bakeway

2.       Cheesecake & Co.

3.       The Cheesecake Factory

4.       Kraft Heinz

5.       FranGlobal

6.       Grand Lux

7.       Eli's Cheesecake Company

8.       Junior's Cheesecake

9.       Sara Lee

10.   Gü Desserts


Recent Developments:

  • In August 2023, The Cheesecake Factory revealed plans to open its first location in Thailand by December 2023. The new store will be situated on the ground floor of CentralWorld, next to Shake Shack, which also opened earlier this year.
  • In October 2022, the UK-based English Cheesecake Company launched two new frozen cheesecake product lines: frozen cheesecake tubs and bites. The Frozen Cheesecake Tubs come in two flavors: chocolate fudge cookie dough and classic strawberries and cream.
  • In January 2022, Dessert Holdings, North America’s premier premium dessert company, announced its acquisition of Steven Charles, a gourmet dessert maker that supplies foodservice and retail clients throughout North America.

Cheesecakes Market: Competitive Landscape

Key companies profiled in the Cheesecakes Market are Bakeway, Cheesecake & Co., The Cheesecake Factory, Kraft Heinz, FranGlobal, Grand Lux, Eli's Cheesecake Company, Junior's Cheesecake, Sara Lee, Gü Desserts and others.

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