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.
Cake mixes are available in the powder form. This powder is mixed with water or milk to cook a cake. It is a convenient way of baking cakes. 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 has 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 has 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 of organic cake mixes due to the gluten-free cake mix and low-calorie cake mixes coupled Growing 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 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 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 accordingly.
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