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Global Cake Mixes Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

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

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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)

Market Players Covered

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.)

 

 

Opportunities

  • Availability of a diverse range of cake mix options
  • Significant increase in the female labour force and their hectic lifestyle
  • Increased production of cake mixes with high nutritional value and no allergens

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

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.)

Research Methodology: Global Cake Mixes Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Cake Mixes Market value is expected USD 2.08 billion by 2029.
The Cake Mixes Market is to grow at a CAGR of 4.80% during the forecast by 2029.
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.).
The major countries covered in the 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).