Cake Mixes Market - Global Industry Analysis

Cake Mixes Market

Cake Mixes Market Size, Share, Growth, Trends by 2030

Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-4725 Published Date: Sep-2019 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 1304.04 Million USD 1824.18 Million 3.8% 2023

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Cake mixes are used for baking cakes by blending it with milk, water, and eggs. It is usually a powder that is a highly convenient ingredient for baking cakes from scratch. These are available in different types and flavors in the market and can be prepared by less experienced cooks as well.

The global cake mixes market is expected to witness significant growth over the forecast timeframe, owing to the growing disposable income of the global population and its easy preparation process. Moreover, the increasing urbanization leading to changing food habits of people will also fuel the cake mixes market. However, studies have shown that the salt preservatives added in the cakes mixes have adverse effects on people’s health, which may act a restraint for this market. Cake mixes that are glutton-free or low-calorie cakes mixes are expected to generate new opportunities for this market.

Global Cake Mixes Market

The cake mixes market is fragmented based on product, flavor and distribution channel. The product type category can be further segmented into pound cake, cheesecake, layer cake, unbaked cake, angel food cake, chiffon cake, cupcake, flourless or low-flour cakes, tortes, and others. Cupcakes dominate the market due to high demand among the consumers due to its delicious taste. Cheesecake is also expected to show significant growth in the years ahead. By flavor, the cake mixes market includes butterscotch, vanilla, chocolate, milk, butter, fruit, berries, red velvet, and others. Chocolate is expected to dominate the market in the future, due to its high demand. Vanilla and butterscotch are also expected to show robust market growth, owing to the increasing disposable incomes leading consumers to try new flavors.

The distribution channel segment includes hypermarkets/supermarkets, specialty retail, e-commerce, B2B, and others. Specialty stores are experiencing maximum market growth due to the availability of different flavors. Moreover, the world is moving toward online shopping, which will drive the e-commerce segments.

North America is expected to dominate the cake mixes market over the forecast time period, owing to the high demand for bakery products among the regional consumers. The Asia Pacific cake mixes market will show sustainable growth in the future, owing to the changing lifestyles and food habits of the consumers of this region.

Some key players operating in the cake mixes market are General Mills, Associated British Foods, Archer-Daniels-Midland, Pinnacle Foods, Cargill, Ingredion Incorporated, Hain Celestial, Kerry Group, Continental Mills, and Chelsea Milling.

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