The global cake mixes market size reached US$ 1.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 2.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2023-2032. The increasing increasing demand for decadent food products, easy availability via online apps, and the launch of new variants represent some of the key factors driving the market.
Cake mixes are premixes that allow baking of a cake quickly and easily. They generally involve dry ingredients, such as flour, baking powder, baking soda, yeast, salt, sugar, leavening agents, and other flavoring agents. They also require wet ingredients like eggs, water, milk, and other flavorings. They are used to make different cakes, including chocolate, vanilla, and lemon. As they generally come in a box and are convenient and easy to use, the demand for cake mixes is rising across the globe. At present, key players are offering customizable cake mixes that allow individuals to add different ingredients or choose from a variety of mix-ins to bake a unique cake.
Cake mixes are premixes that allow baking of a cake quickly and easily. They generally involve dry ingredients, such as flour, baking powder, baking soda, yeast, salt, sugar, leavening agents, and other flavoring agents. They also require wet ingredients like eggs, water, milk, and other flavorings. They are used to make different cakes, including chocolate, vanilla, and lemon. As they generally come in a box and are convenient and easy to use, the demand for cake mixes is rising across the globe. At present, key players are offering customizable cake mixes that allow individuals to add different ingredients or choose from a variety of mix-ins to bake a unique cake.
Cake Mixes Market Trends:
The increasing demand for decadent food products and the growing number of ceremonial occasions, such as birthdays, weddings, and anniversaries, represent one of the major factors bolstering the market growth around the world. Moreover, rapid urbanization, the rising working population, and expanding purchasing power of consumers are driving the sales of cake mixes worldwide. In addition, quick service resteraunts (QSRs) are using these mixes to make several innovative and exotic recipes, which is favoring the market growth. Apart from this, key players are introducing vegan, plant-based, gluten and sugar free variants in multiple flavors, such as matcha, cheese, and lavender, to expand their product portfolio and increase the existing consumer base. They are investing in advertising campaigns, such as celebrity and influencer endorsements, for improving their existing sales and profitability. Due to the increasing health consciousness among consumers, several manufacturers are also developing cake mixes using healthier ingredients, such as whole wheat flour and oats. This, coupled with the rising demand for healthy bakery products on account of changing eating habits and the surging prevalence of lifestyle diseases like obesity and diabetes, is strengthening the growth of the market. Furthermore, the growing number of hypermarkets, supermarkets, convenience stores, and grocery stores is offering an easy accessibility to cake mixes. Besides this, the expanding number of online shopping applications that provide a wider collection of cake mixes supported by doorstep delivery and numerous payment methods is creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global cake mixes market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on type, flavor type, distribution channel, and application.Type Insights:
- Angel Food Cake
- Layer Cake
- Flourless or Low-Flour Cake
- Mug Cake
- Others
Flavor Type Insights:
- Chocolate
- Vanilla
- Fruit
- Others
Distribution Channel Insights:
- Online
- Offline
Application Insights:
- Household
- Commercial
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global cake mixes market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered Bob's Red Mill Natural Foods Inc, Chelsea Milling Company, Conagra Brands Inc, Dr. Oetker GmbH, General Mills Inc, Hodgson Mill, Inc., Miss Jones Baking Co, Simple Mills Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global cake mixes market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global cake mixes market?
- What is the impact of each driver, restraint, and opportunity on the global cake mixes market?
- What are the key regional markets?
- Which countries represent the most attractive cake mixes markets?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the cake mixes market?
- What is the breakup of the market based on the flavor type?
- Which is the most attractive flavor type in the cake mixes market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the cake mixes market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the cake mixes market?
- What is the competitive structure of the global cake mixes market?
- Who are the key players/companies in the global cake mixes market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cake Mixes Market
6 Market Breakup by Type
7 Market Breakup by Flavor Type
8 Market Breakup by Distribution Channel
9 Market Breakup by Application
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bob's Red Mill Natural Foods Inc
- Chelsea Milling Company
- Conagra Brands Inc
- Dr. Oetker GmbH
- General Mills Inc
- Hodgson Mill Inc.
- Miss Jones Baking Co
- Simple Mills Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( US$ | US$ 1.6 Billion |
| Forecasted Market Value ( US$ | US$ 2.1 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
