Published on : Nov 02, 2017
Albany, New York, November 2, 2017: Cake mixes make baking easier; they also save a lot of time. Nowadays, with increasing spending by consumers on food items that satisfy the taste buds, the demand for cakes, and consequently cake mixes is receiving an upsurge. According to the key findings of a new study, the worldwide cake mixes market is rising steadily over the years thanks to the rising disposable incomes in several parts of the world. The above findings have been briefly discussed in a new study added to the vast portfolio of Market Research Hub (MRH), with the title of “Cake Mixes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022”. This research study provides a holistic perspective on market growth throughout the forecast period of 2017 to 2025 in terms of revenue estimates (in US$ Million) across different geographies, which include North America, the Middle East and Africa (MEA), Europe, Asia Pacific and Latin America.
Cake mixes have evolved leaps and bound in terms of flavors and type. Apart from the regular type, today, cake mixes are available in several variants such as sugar-free and low fat to serve special dietary needs. The introduction of organic cake mixes that are free of chemical additives is bolstering the market’s growth. Health-savvy consumers are increasingly opting for food products that are free of harmful chemical additives, which, in turn, is anticipated to propel this market over the forecast period. Analysts predict that the growth of this market is anticipated to be moderate in the near future with a CAGR of 3.6% during the forecast period of 2017 to 2022. At this pace, the market will likely touch a value of US$1,310.7 mn by the end of the year 2022. Among various geographies, North America poised to display a significant 4% CAGR over the forecast period.
Firstly, the market overview section of the study highlights the comprehensive view of the global cake mixes market, including a market snapshot that provides overall information of various segments and sub-segments. At present, cake mixes come with a variety of flavors in the market. On the basis of flavor, the global cake mixes market has been segmented into chocolate, vanilla, butter, milk, fruit, red velvet, berries, butterscotch, and others. Among the various flavors of cake mixes, the chocolate segment is likely to lead to attracting a revenue worth US$349.7 mn in 2017. As the report proceeds, the research then shifts focus towards the major dynamics, including drivers, trends, opportunities as well as restraints in the global cake mixes market.
Moreover, based on cake type, the global cake mixes market has been bifurcated into angel food cake, layer cake, flourless or low-flour cake, chiffon cake, cup cake, cheese cake, pound cake, tortes, unbaked cake, and others. Depending upon distribution channel, the market has been categorized into modern trade, departmental and traditional grocery store, convenience stores, online channels, and other retail formats.
The final section of the report deals with the competitive landscape which highlights the key players that are operating in the cake mixes market along with details such as product portfolio, business positioning, financial standing, and SWOTs. General Mills Inc., Associated British Foods plc., Pinnacle Foods Inc., Cargill Inc., Archer-Daniels-Midland Company, Hain Celestial Group Inc., Ingredion Incorporated, Kerry Group plc., Continental Mills Inc., and Chelsea Milling Company are some of the key companies for cake mixes profiled in this report.
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