Cake Mixes Market Growth & Trends
The global cake mixes market size is expected to reach USD 1.97 billion by 2030 registering a CAGR of 4.1%. The growth in the market is driven by high demand for bakery products. Increased consumer disposable income levels in developing countries, such as China and Japan, is anticipated the boost the demand further.
Moreover, rising demand for Ready-To-Eat (RTE) food products across the globe due to hectic lifestyles is anticipated augment the demand over the forecast period. In addition, constant product innovation in cake mixes due to demand for specialty products, such as low calorie and gluten-free foods as a result of rising health consciousness. The impact of e-commerce channels also plays a crucial role in boosting the product demand.
The market in North America is anticipated to account for the maximum revenue share due to high demand for organic products along with constant product launches. Asia Pacific is expected to be the second largest market over forecast period due to rapidly expanding bakery industry in emerging economies. The baked goods market in China was valued at USD 28.6 billion in 2017 and is expected to ascend at a CAGR of 12.3% over the forecast period.
Cake Mixes Market Report Highlights
- The chocolate segment dominated the market and accounted for a market revenue share of 42.0% in 2023. The increasing consumer preference for indulgent and premium dessert options has fueled the demand for chocolate-based products in cake mixes.
- Hypermarket/supermarket accounted for the largest market revenue share in 2023. The availability of various cake mixes, including different flavors and types, in hypermarkets and supermarkets has been a significant driver of market growth.
- North America cake mixes market dominated the market revenue share with 34.2% in 2023. The soaring consumption of bakery products, changing dietary habits, and the rise in demand for ready-to-eat and ready-to-cook instant products have significantly contributed to the expansion of the cake mixes market in the region.
- Major companies in the market focus on new product launches, capacity expansion, and M&A activities to increase their market share
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Cake Mixes Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Cake Mixes Market: Product Estimates & Trend Analysis
Chapter 6. Cake Mixes Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Cake Mixes Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
- General Mills, Inc.
- Dr. Oetker
- Conagra Brands, Inc.
- European Gourmet Bakery
- Chelsea Milling Co.
- Continental Mills, Inc.
- Pamela's Products
- Bob's Red Mill Natural Foods, Inc.
- Wild Rye Baking Co.
- SOUTHERN FOOD SYSTEMS LLC.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.49 Billion |
| Forecasted Market Value ( USD | $ 1.97 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
