Cake mix Market Demand with Shares, Size, Regional Portfolio, key Players, Application, Brand Statistics, Gross Margin | Forecast 2027

Overview

The cake mix market is set to grow at a CAGR of 3.83% during the forecast period 2018 to 2024. As per the market research report, the market will hit US$1.5 billion in terms of valuation by the end of 2024. The market growth will be driven by the increase in demand for convenient food mix. Based on the research report, the introduction of innovative products will accelerate growth in the market till 2024. Although the expansion of obese population will have a negative impact on the global cake mix market’s growth during this period. The alarming rise in obese and diabetic people is predicted to be a key challenge which could become a strong threat from 2018 to 2024 to companies. The market report published by expert analysts includes primary and secondary data and suggests that distribution channel, type, and flavor segments are anticipated to witness tremendous growth till 2024. Factors such as the gradual rise in demand of cakes will become key growth drivers during the forecast period and new flavors of mixes is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by high consumption of cakes which could negatively affect activities taking place across the market. The fluctuating raw material prices are another challenge the market could face till 2024.

Competitive Landscape

Cake mix based organizations are profiled in the market research report. The cake mix market along with companies and segments have been studied. The analysis of cake mix based business is also done to identify key challenges and strengths of these companies. The global cake mix market research report covers SWOT analysis, Porter’s Five Force analysis of major cake mix related organizations. The strategy and other key details of these companies for the forecast period 2018 to 2024 are covered in the report. A well developed logistics sector is anticipated to support the market growth as the market is set to grow at a CAGR of 3.83% and reach a value of US$1.5 billion by 2024.

Major industry leaders in the cake mix market are Dr August Oetker AG (U.K.), Miss Jones Baking Co. (U.S.), Archer-Daniel Midlands Company (U.S.), Chelsea Milling Co. (U.S.), Pinnacle Foods Inc. (U.S.), Associated British Foods PLC (U.K.), Kerry Group PLC (Ireland), General Mills, Inc. (U.S.), Hain Celestial Group, Inc. (U.S.), and Dawn Food Products, Inc. (U.S.).

Market Segmentation

The cake mix market is segregated into different market segments based on distribution channel, type, and flavor. For a comprehensive analysis of the market, the distribution channel, type, and flavor segments are further split into smaller segments. The distribution channel segment is categorized into store-based (convenience stores, hypermarkets & supermarkets, and others) and non-store-based. Furthermore, based on type, the global market is also segmented into angel food cake, chiffon cake, cup cake, flourless or low-flour cake, layer cake, mug cake, and others. Based on the market segmentation analysis, the report covers market forecasts. On the basis of flavor, the global market is split into sub segments including chocolate, vanilla, and others.

The increase in demand for convenience cake mixes will support the market growth from 2018 to 2024. As per the market research report, the global market for cake mix is anticipated to grow at a healthy rate across all the distribution channel, type, and flavor segments. However, the presence of active threats such as the increasing demand for product substitutes could hamper the market growth. Business activities across cake mix have also been examined and studied by cake mix industry’s experienced analysts. The cake mix market research report covers findings with predictions and forecasts till 2024.

Regional Overview

The cake mix market, with its product and service related segments, is spread across the world. Cake mix based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. Rapid urbanization is anticipated to be a major factor for growth across the cake mix space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The cake mix sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. cake mix based businesses in these regional markets are anticipated to grow due to consumers aiming for more convenience during the forecast period 2018 to 2024. Although the market’s growth could be affected by the expansion of obese population. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Industry News

With a new line of keto-friendly and vegan cake and brownie recipes, as well as two keto-friendly frostings, Birch Benders is extending its presence in the baking market. Many of the ingredients in the keto-friendly baking range are gluten-free, sugar-free, and flavoured with erythritol, and monk fruit. Ultimate Fudge Keto Brownie Mix, and Traditional Yellow Keto Cake Mix are among the keto cream cheeses available. Almond flour, coconut flour, and cassava starch are used to make each blend, which has 5 grammes of net carbs per serving. Chocolate Frosting as well as Keto Frosting are two of the frostings that have 0 to 1 gm of carbohydrates per serving.

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