Global Cake Mixes Market, By Flavour (Chocolate, Vanilla, Fruit, Others), Type (Layer Cake, Angel Food Cake, Flourless or Low- Flour Cake, Mug Cake, Others), Distribution Channel (Store-Based & Non Store-Based), – Industry Trends and Forecast to 2029
Cake Mixes Market Analysis and Size
Over the last few years, the global cake mix market has grown dramatically in size and valuation. Consumers' increasing disposable income has enabled them to spend freely on satisfying their taste buds, which is reflected in the rising demand for cakes and, as a result, cake mix around the world.
Data Bridge Market Research analyses that the cake mixes market which was growing at a value of USD 1.43 billion in 2021 is expected to reach the value of USD 2.08 billion by 2029, at a CAGR of 4.80% during the forecast period OF 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Cake Mixes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Flavour (Chocolate, Vanilla, Fruit, Others), Type (Layer Cake, Angel Food Cake, Flourless or Low- Flour Cake, Mug Cake, Others), Distribution Channel (Store-Based & Non Store-Based)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Kellogg Co. (U.S.), Dun & Bradstreet, Inc (U.S.), Conagra Brands, Inc. (U.S.), London Dairy Co. Ltd (U.K.), Danone S.A. (France), A.D.M. (U.S.), Daiya Foods Inc. (Canada), Grupo Bimbo S.A.B.de C.V.(Mexico), Associated British Foods P.L.C. (U.K.), General Mills Inc. (U.S.), Lantmännen Unibake (Denmark), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), Cole’s Quality Food Inc. (U.S.)
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Opportunities
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Market Definition
A cake mix is a pre-mixed mixture of ingredients used to make cakes or other baked goods such as breads, pancakes, waffles, muffins, cookies, brownies, pizza dough, biscuits, and other desserts. A cake mix is a concoction of basic ingredients such as flour, bread flour, baking powder, baking soda, yeast, sugar, and salts. It comes in a variety of flavours, including chocolate, vanilla, and fruits.
Cake Mixes Market Dynamics
Drivers
- Growing hectic lifestyle and growing trend of dining out
The growing population and their disposable income has shifted the cake mix market toward growth. Consumer lifestyle changes have played a significant role in increasing demand for cake mixes. The world's growing working population faces many challenges related to their lifestyle, as they do not have much time to prepare food and desserts for themselves, have learned more about ready-to-eat food, and frequently prefer hotels and restaurants to have their favourite desserts. As a result, the demand for cake mixes has increased in the hotel and restaurant industries.
- Significant growth in consumers spending power.
Consumers' lifestyles have been influenced by rising disposable income and dual incomes in many households. Consumers' rising purchasing power encouraged them to improve their living standards and spend more, providing them with convenience and new experiences. The number of people visiting hotels and restaurants to eat delicious food and desserts is increasing, and they are eager to try every new and exotic flavour available, which has fuelled the demand for cake mixes.
Opportunity
Due to the availability of a diverse range of cake mix options, such as airy-free cake mix, gluten-free cake mix, and low-calorie cake mix, the global market for cake mix is expected to expand at a rapid pace in the coming years. With the increased production of cake mixes with high nutritional value and no allergens, the growth potential of this market is expected to skyrocket in the near future. Aside from that, the significant increase in the female labour force and their hectic lifestyle is expected to boost the global cake mix market over the next few years.
Restraints
The large number of preservatives used to increase the product's shelf life, which will hinder the market and create difficulties in the forecasted period, will be the restraints for the cake mixes market.
This cake mixes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cake mixes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cake Mixes Market
The COVID-19 outbreak has had a significant impact on the confectionery market. The strict rules and lockdown implemented throughout 2020 have had an impact on the confectionery industry, causing differential impact on raw material supply (agricultural produce, food ingredients, and intermediate food products), trade & logistics, demand-supply volatility, uncertain consumer demand, and affecting the workforce at the industrial level. One of the major factors affecting the confectionery industry during the lockdown was a drop in sales as a result of decreased gifting and impulse buying among consumers worldwide.
Recent Development
- April 2019, Fazer Suklaamarenkileivos and Fazer Kinuskimarenkileivos, the new meringues, were introduced by Karl Fazer. This aided the company in expanding its product portfolio to meet the needs of the bakery industry.
- In April 2019, Lesaffre established a new baking centre in Austria, focusing on developing industrial baking solutions. This growth aided its industrial customers in developing new products and processes.
- March 2019, A.D.M. has introduced a new line of organic flours. This new flour line includes organic all-purpose flour, organic premium bread flour, and other organic milled products that will be available in the market in the coming years.
Global Cake Mixes Market Scope
The cake mixes market is segmented on the basis of flavour, type and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Flavour
- Chocolate
- Vanilla
- Fruit
- Others
Type
- Layer Cake
- Angel Food Cake
- Flourless or Low- Flour Cake
- Mug Cake
- Others
Distribution channel
- Store based
- Non store based
Cake Mixes Market Regional Analysis/Insights
The cake mixes market is analysed and market size insights and trends are provided by country, flavour, type and distribution channel as referenced above.
The countries covered in global cake mixes market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America has the largest market share because of the high demand for bakery products, Central and South America is expected to have the fastest CAGR of 6.20 percent over the forecast period because of rising demand for bakery products in countries such as Brazil and Argentina.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cake Mixes Market Share Analysis
The cake mixes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cake mixes market.
Some of the major players operating in the cake mixes market are:
- Kellogg Co. (U.S.)
- Dun & Bradstreet, Inc (U.S.)
- Conagra Brands, Inc. (U.S.)
- London Dairy Co. Ltd (U.K.)
- Danone S.A. (France)
- A.D.M. (U.S.)
- Daiya Foods Inc. (Canada)
- Grupo Bimbo S.A.B.de C.V.(Mexico)
- Associated British Foods P.L.C. (U.K.)
- General Mills Inc. (U.S.)
- Lantmännen Unibake (Denmark)
- Aryzta AG (Switzerland)
- Vandemoortele NV (Belgium)
- Europastry S.A. (Spain)
- Cole’s Quality Food Inc. (U.S.)
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