This report provides exclusive insights into the COVID-19 impact on the Cake Mixes Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Cake Mixes Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Cake Mixes Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on cake mixes market provides an in-depth analysis of
segments and sub-segments in global as well as regional cake mixes market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional cake mixes market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global cake mixes market. According to the report, the global
cake mixes market is projected to grow at a CAGR of 3.41% over the forecast
period of 2018-2024.
The cake mix is a powder form ingredient used with water or
egg to prepare a cake. It is a convenient way of baking cakes. Cake mixes are
available in the powder form. Cake mixes are available in several popular types
such as red velvet cake mix, lemon cake mix, fruit cake mix, sponge cake mix,
carrot cake mix, gluten-free cake mix, and Madeira cake mix. Cake Mixes have
several advantages such as less preparation time and shorter production times.
Additionally, they contain gluten-free cake mix, dairy-free cake mix, and
low-calorie cake mix, which in turn offer health benefits to consumers.
Cake mixes have produced a variety of cake products quickly,
easily and cost-effectively. There are several Benefits related cake mixes such
as easy to make and less preparation time coupled growing disposable income of
consumers are major key factors escalate the global cake mixes market.
Additionally, changing food habits owing to modern lifestyle is anticipated to
have more consumption of bakery products, which has increased the demand cake
mixes market. Easy Availability of cake mixes in organized as well as
unorganized retail sectors have a positive impact on market growth. However,
salt and preservatives added to cake mix have a negative impact on people’s
health. This factor anticipated restraining the growth of the market. Going
further, the rise in demand for organic cake mixes due to the gluten-free cake
mix and low-calorie cake mixes coupled with increasing health consciousness
among the people across the globe create significant growth opportunities to
the cake mixes market during the forecast period.
On the basis of geographic, North America region dominated
the cake mixes market. Rising demand for the sugar-free products among the
consumer in this region will continue to dominate the market over the forecast
period. Moreover, features of cake mix like ready to bake and good shelf life
are anticipated to escalate the market in the North America region. The
Asia-Pacific is projected to have a rapid growth rate in the global cake mixes
market over the upcoming years owing to the rising urbanization. Furthermore,
Latin America and Middle East & Africa are expected to experience a
sluggish growth rate in cake mixes market.
The report on global cake mixes the market covers segments such as flavor and sales channel. On the basis of
flavor, the global cake mixes market is categorized into butterscotch, berries,
chocolate, vanilla, butter, strawberry, fruit, red velvet, caramel, and lemon.
On the basis of the sales channel, the global cake mixes market is categorized
into modern trade, direct sales, convenience store, and online channels.
The countries covered in the
North America region include the U.S., Canada, and Mexico; while Asia-Pacific
includes China, Japan, India, South Korea, Malaysia, and among others.
Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the
European region. The U.S. drives the growth in the North America region as it
is the largest market in the region. The Asia-Pacific region offers substantial
potential for the market growth owing to rapid growth in markets such as India
and China. The APAC region is projected to experience a growth at a CAGR of x.x%
over the period of 2018-2024.
The report provides profiles of
the companies in the global cake mixes market such as Chelsea Milling Co,
Continental Mills Inc., Kerry Group Plc., General Mills Inc., Associated
British Foods Plc., Archer Daniels Midland Company, Cargill Incorporated.,
Pinnacle Foods Inc., Ingredion Incorporated and Hain Celestial Gropu Inc.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the global cake mixes market. Moreover, IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of cake mixes market. Moreover, the study highlights current market
trends and provides forecast from 2018-2024. We also have highlighted future
trends in the cake mixes market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the cake mix market to understand
the present and future trends in this market and formulate their strategies