Sprinkles Market Size, Share, Growth, and Industry Analysis, By Form (Sequins, Needles, Beads, and Others), By Application (Cakes, Ice-cream, and Others), Regional Forecast From 2023 To 2030

Updated On: 20 November 2023

SPRINKLES MARKET REPORT OVERVIEW

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The global sprinkles market size was valued at USD 317.9 million in 2021 and the market is expected to touch USD 600.2 million by 2030, with a growing compound annual growth rate (CAGR) of 5.6% during the period. The global COVID-19 pandemic was unprecedented & staggering, with sprinkles experiencing lower-than-anticipated demand across all regions compared to pre-pandemic times.

Sprinkles are very minor fragments of sweet used as a beautification or to add texture to sweets such as doughnuts, cupcakes, or ice cream. Sprinkles have several names in many nations. They are known as “hundreds and thousands” in England and “hagelslag” in Holland.

Sprinkles are mainly small portions of sweets which are extensively used as a coating on bakery goods and cakes. They are accessible in the market in numerous colors, and it is decidedly used for adorning bakery goods and cakes in any special instances such as birthdays, anniversaries, etc. The development in the sweet and bakery use is expected to boost the global sprinkles market demand in the coming years.

COVID-19 Impact: Stoppage of Manufacturing and Production Impeded Market Growth

The pandemic-induced restrictions and lockdowns worldwide halted the production and manufacturing of water control gates in every region, thus affecting the demand and supply of the product severely. The outburst of the COVID-19 diseases has left an enormous influence on the global sprinkles market demand, which has exaggerated almost every part of business globally. Rising inflation and prices of raw materials further disrupted the market's supply chain, leading to losses for investors and manufacturers worldwide. Hence, these factors impeded the market growth and share heavily.

LATEST TRENDS

"Growing Demand for Bakeries to Fuel Market Growth "

The increasing demand for eye-catching cakes and pies for various events such as weddings, birthdays, anniversaries, and other festivities is anticipated to drive the demand for sprinkles. The rising demand from foodservice vents such as cafes, bakery shops, and quick service channels is further estimated to drive the sprinkles market growth.  Moreover, fast developing bakery and confectionery businesses are estimated to contribute to the market growth in the coming years.

SPRINKLES MARKET SEGMENTATION

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• By Type

The market is categorized based on types into Sequins, Needles, Beads, and Others. 

• By Application

The market is subcategorized into Cakes, Ice-cream, and Others.

DRIVING FACTORS

"Increasing Adoption of Bakery Products to Drive Market Growth"

Bakery goods have been a primary food for people across the globe for centuries. The accessibility, availability, and nutrition outline related to them are the foremost factors that have continued these goods in the current market. Bakery products are included in people's daily diet not only in the urbanized economies but also in underdeveloped or emerging economies. All of these factors have funded the growth of this market even during the lockdown, and they are projected to increase the growth of this market in the coming years.

"Growing Online Retail Stores to Propel Market Growth"

Improvements in online retail are one of the main inclinations driving the development of the sprinkles market. Huge product delivery networks comprise specialty stores, convenience stores, drug stores, and supermarkets & hypermarkets. Stores and makers' constant struggles to enlarge their supply and dispersal chains have played a substantial part in growing access to goods in the sprinkles market. Moreover, the change in customer tendencies, such as an upsurge in the inclination for attractive, textured, and flavored food products are expected to inspire the market growth.

RESTRAINING FACTORS

"Substitutes May Hamper Market Growth"

The absence of consciousness about the variations of usages of sprinkles in underdeveloped nations can be reflected as the main crucial aspect which is likely to impede the growth of the global sprinkles industry.

SPRINKLES MARKET REGIONAL INSIGHTS

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"Europe to Lead Market Share Owing to Increase in Manufacturing Capacities"

The European region will lead the sprinkles market share. Europe is projected to control the global sprinkles market owing to a growth in inclination for sprinkles in numerous bakery items. Furthermore, the increasing liking for sprinkles in frozen puddings and ice creams by the clients in this region are further improving the demand for the sprinkles market.

North America is expected to dominate the market in the coming years owing to the existence of a great number of bakeries and restaurants serving desserts. Moreover, the growing snacking inclinations are a major aspect that are expected to drive the demand for sprinkles in the region.

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Candy Manufacturer (U.S.)
• Mamy Sugarcraft (U.K.)
• Cake Craft (U.S.)
• Carroll Industries (Auckland)
• Sweets Indeed (U.S.)
• Twinkle Sprinkles (U.S.)
• CNS Confectionery (U.S.)
• Girrbach (U.S.)
• Sprinkle Company (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.