Cake Mix Market - By Type (Angel Food Cake, Layer Cake, Flourless or Low-Flour Cake, Chiffon Cake, Cup Cake, Mug Cake and others), By Flavor (Chocolate, Vanilla and others), By Distribution Channel [Store-Based (Hypermarkets & Supermarkets, Convenience Stores and others) and Non-Store-Based] - Forecast 2027

ID: VPR/F&B/1004 Publishing Year: September 2021 Pages: 103 Format:   


Cake Mix Market Overview:

The Cake Mix Market to reach USD 2.3 billion by 2027; it is expected to grow at a CAGR of 4.2% from 2020 to 2027.

Cake Mixes have made a wide range of cake items quickly, simply, and affordably. Several benefits associated with Cake Mixes, such as ease of preparation and reduced preparation time, as well as rising consumer disposable income, are important key factors driving the Worldwide Cake Mix Market. Additionally, changing food patterns as a result of modern lifestyles are expected to lead to greater consumption of bakery items, which has boosted demand for cake mixes. Cake Mixes are readily available in both organised and unorganised retail sectors, which has a favourable impact on market growth. Salt and preservatives added to Cake Mixes, on the other hand, have a negative impact on people's health. This aspect was expected to limit the market's expansion. Furthermore, the rise in demand for organic Cake Mixes as a result of gluten-free and low-calorie Cake Mixes, as well as rising health consciousness among people throughout the world, would provide substantial potential prospects for the Cake Mix Market during the forecast period.

Geographically, the Cake Mix Market was led by the North American region. Over the projection period, rising consumer demand for sugar-free goods will continue to dominate the market in this area. Furthermore, cake mix features such as ready-to-bake and long shelf life are expected to drive the market in North America.

Key Players:

  • General Mills, Inc (US)
  • Conagra Brands, Inc (US)
  • Continental Mills Inc (US)
  • Simple Mills, Inc. (US)
  • Hain Celestial Group, Inc (US)
  • Chelsea Milling Co. (US)
  • Miss Jones Baking Co (US)
  • Bob's Red Mill, Natural Foods, Inc. (US)
  • Associated British Foods plc (UK)
  • Mondelez International (US)
  • Oetker (Germany)
  • Stonewall Kitchen (US)
  • Keto and Company (US)
  • Pioneer Brand (US)
  • Foodstirs, Inc. (US)

Covid-19 Impact:

COVID-19 has produced a chaotic environment, which has resulted in a economic downturn. It has had a variety of additional effects on the commodity market. People's willingness to invest their time in cooking and baking has expanded dramatically as a result of the lockdown. As a result, sales of cake mixes, flour, and other baking materials have increased significantly. However, concerns originating from interim retail store closures to combat the spread of SARS-COV-2, as well as consumer stockpiling, have put enormous strain on convenience stores, supermarkets, and hypermarkets. Consumer brand preferences and minor regional players in the cake mix sector have also been influenced by the pandemic. These and other related challenges, as well as proposed solutions, are discussed in the impact study report.

Drivers:

The rise of the Cake Mix Market could be aided by an increase in demand for convenience Cake Mixes and dynamic promotional activities used by producers to create awareness of new flavour mixes. Throughout the review period, the progressive increase in demand for cakes for special occasions may promote market expansion of Cake Mixes.

Opportunities

Children, who make up the majority of the Cake Mix Market, have opened various doors for producers to provide simple-to-follow recipes that can help drive sales.

Restraints

The worrisome rise in obese and diabetic persons as a result of increased cake eating may have a negative impact on the Cake Mix Market Growth. Furthermore, market concerns about health can be a hazard.

Market Segmentation:

The Cake Mix Market is divided into three categories: taste, distribution channel, and category. The cake mix market is divided into two categories: organic and conventional. The Cake Mix Market is divided into three flavours: chocolate, vanilla, and others. The Cake Mix Market is segmented by distribution channel into Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others.

Regional Analysis:

The Cake Mix Market Report covers the following countries: United States, Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Brazil, Brazil, Brazil, Brazil, Brazil, Brazil, Brazil, Brazil, Brazil (MEA)

Because of the significant demand for bakery items in this region, North America dominates the Cake Mix Industry. The changing lifestyle of this region also contributes to the widespread use of Cake Mixes.

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