11-Sep-2019 | Zion Market Research
Zion Market Research has published a new report titled “Cake Mixes Market By Product (Angel Food Cake, Layer Cake, Flourless or Low-Flour Cakes, Chiffon Cake, Cupcake, Cheesecake, Pound Cake, Tortes, Unbaked Cake, and Others), By Flavor (Chocolate, Vanilla, Butter, Milk, Fruit, Red Velvet, Berries, Butterscotch, and Others), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global cake mixes market was USD 1.13 billion in 2018 and is expected to reach around USD 1.54 billion by 2026, growing at a CAGR of 3.9% between 2019 and 2026.
Cake mixes are a combination of sugar, flavor pouch, flour, and baking powder. These are used for baking medium- to high-quality cakes via an easy process. Cake mixes have evolved substantially in terms of types and flavors over the last few years.
Browse the full “Cake Mixes Market By Product (Angel Food Cake, Layer Cake, Flourless or Low-Flour Cakes, Chiffon Cake, Cupcake, Cheesecake, Pound Cake, Tortes, Unbaked Cake, and Others), By Flavor (Chocolate, Vanilla, Butter, Milk, Fruit, Red Velvet, Berries, Butterscotch, and Others), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/cake-mixes-market
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.
The cake mixes market is fragmented based on product, flavor and distribution channel. The product type category can be further segmented into a 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. The increasing disposable incomes of consumers are making them try new flavors like red velvet and berry, which is fuelling these segments. Chocolate is expected to dominate the market in the future, due to its high demand.
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 due to its reliability and home-delivery features, which will drive the e-commerce segment, Growing industrialization is fuelling the retail sector.
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.
This report segments the global cake mixes market into:
Global Cake Mixes Market: Product Analysis
Angel Food Cake
Flourless or Low-Flour Cakes
Global Cake Mixes Market: Flavor Analysis
Global Cake Mixes Market: Distribution Channel Analysis
Global Cake Mixes Market: Regional Analysis
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