|Market Size in 2018||Market Forecast in 2026||CAGR (in %)||Base Year|
|USD 1.13 Billion||USD 1.54 Billion||3.9%||2018|
Cake Mixes Market
The global cake mixes market size was evaluated at $1.13 billion in 2018 and is slated to hit $1.54 billion by 2026, with a CAGR of nearly 3.9% between 2019 and 2026.
The report covers a forecast and an analysis of the cake mixes market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion). The study includes drivers and restraints of the cake mix market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cake mixes market on a global level.
In order to give the users a comprehensive view of the cake mixes market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
Cake Mixes Market: Growth Factors
The cake mixes market on a global scale is poised to experience substantial growth in the foreseeable future. This can be attributed to two key factors: the increasing disposable income of individuals worldwide and the convenience associated with the preparation of these mixes. In addition, the ever-growing trend of urbanization is playing a significant role in shaping the dietary preferences of individuals, thereby driving the demand for cake mixes.
Nevertheless, extensive research has unequivocally demonstrated that the inclusion of salt preservatives in cake mixes can have detrimental implications for individuals' well-being. This noteworthy revelation poses a potential obstacle to the growth and sustainability of this particular market segment. The emergence of gluten-free and low-calorie cake mixes has paved the way for exciting prospects within the market. These innovative products are poised to unlock fresh avenues of growth and create a buzz among consumers seeking healthier alternatives.
Cake Mixes Market: Report Scope
|Report Attributes||Report Details|
|Report Name||Cake Mixes Market Research Report|
|Market Size in 2018||USD 1.13 Billion|
|Market Forecast in 2026||USD 1.54 Billion|
|Growth Rate||CAGR of 3.9%|
|Number of Pages||255|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||General Mills, Associated British Foods, Archer-Daniels-Midland, Pinnacle Foods, Cargill, Ingredion Incorporated, Hain Celestial, Kerry Group, Continental Mills, and Chelsea Milling.|
|Segments Covered||By Product, By Flavor, By Distribution Channel, By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Historical Year||2016 to 2018|
|Forecast Year||2019 - 2026|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The study provides a decisive view of the cake mixes market by segmenting it based on product, flavor, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players operating in the cake mixes market are
Global Cake Mixes Market: Product Analysis
Global Cake Mixes Market: Flavor Analysis
Global Cake Mixes Market: Distribution Channel Analysis
Global Cake Mixes Market: Regional Analysis
Pre-packaged dry cake mixes make cakes fast and easily. Mixes usually contain flour, sugar, leavening ingredients like baking powder, and flavorings. Cake mixes make cake batter with just eggs, water, and oil, simplifying the baking procedure.
Cake mixes come in several flavors to suit different tastes and diets. They range from vanilla or chocolate mixes to more complex ones including chocolate chips, fruit, or nuts. Certain cake mixes are gluten-free, dairy-free, or acceptable for other diets.
These mixes are popular because they make it easy for even novice bakers to make a cake. However, some bakers prefer scratch cakes for more ingredient and flavor control. Despite this, cake mixes are convenient for busy people or time-sensitive circumstances.
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.
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.
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.
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.