The global cake mixes market size is expected to reach USD
1.61 billion by 2025 registering a CAGR of 3.77%, according to a new report by
Grand View Research, Inc. 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.
For full research report on Cake Mixes Market
visit here:
https://www.grandviewresearch.com/industry-analysis/cake-mixes-market
Further key
findings from the study suggest:
- Chocolate flavor segment is projected to
account for the largest market share by 2025. However, the fruit flavor
segment is estimated to register the fastest CAGR over the forecast years
- Offline distribution channel led the global
cake mix market in 2018 and accounted for a share of more than 85%
- North America was the leading regional market
in 2018 and is projected to retain its dominant position over the next few
years
- Growing bakery ingredients market on account
of increased consumption of RTE foods, mainly in developed countries, will
drive the regional market
- Major companies in the market focus on new
product launches, capacity expansion, and M&A activities to increase
their market share
- Some of the key manufacturers are
Archer-Daniels-Midland Co.; Associated British Foods Plc; General Mills, Inc.;
Continental Mills, Inc.; Ingredion, Inc.; Cargill, Inc.; Pinnacle Foods,
Inc.; Hain Celestial Group, Inc.; Chelsea Milling Co.; and Kerry Group Plc
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/cake-mixes-market/request/rs1
Grand
View Research has segmented the global cake mix market on the basis of flavor,
distribution channel, and region:
Cake Mix
Flavor Outlook (Revenue, USD Million, 2015 - 2025)
- Chocolate
- Vanilla
- Fruit
- Others
Cake Mix
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Cake Mix
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Italy
- France
- Asia Pacific
- China
- Japan
- Central & South
America
- Brazil
- Middle East &
Africa
- Turkey
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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