New York, NY, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cake Mixes Market By Product (Angel Food Cake, Layer Cake, Flourless or Low-Flour Cakes, Chiffon Cake, Cupcake, Cheesecake, Pound Cake, Tortes, Unbaked Cake, and Others), By Flavor (Chocolate, Vanilla, Butter, Milk, Fruit, Red Velvet, Berries, Butterscotch, and Others), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global cake mixes market was USD 1.13 billion in 2018 and is expected to reach around USD 1.54 billion by 2026, growing at a CAGR of 3.9% between 2019 and 2026.
Cake mixes are a combination of sugar, flavor pouch, flour, and baking powder. These are used for baking medium- to high-quality cakes via an easy process. Cake mixes have evolved substantially in terms of types and flavors over the last few years.
Browse through 55 Tables & 42 Figures spread over 110 Pages and in-depth TOC on “Global Cake Mixes Market Size & Share 2018: By Type, Applications, Flavor, Industry Trends, Growth Analysis and Forecast to 2026”.
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The global cake mixes market is expected to witness significant growth over the forecast timeframe, owing to the growing disposable income of the global population and its easy preparation process. Moreover, the increasing urbanization leading to changing food habits of people will also fuel the cake mixes market. However, studies have shown that the salt preservatives added in the cakes mixes have adverse effects on people’s health, which may act a restraint for this market. Cake mixes that are glutton-free or low-calorie cakes mixes are expected to generate new opportunities for this market.
The cake mixes market is fragmented based on product, flavor and distribution channel. The product type category can be further segmented into a pound cake, cheesecake, layer cake, unbaked cake, angel food cake, chiffon cake, cupcake, flourless or low-flour cakes, tortes, and others. Cupcakes dominate the market due to high demand among the consumers due to its delicious taste. Cheesecake is also expected to show significant growth in the years ahead.
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By flavor, the cake mixes market includes butterscotch, vanilla, chocolate, milk, butter, fruit, berries, red velvet, and others. Chocolate is expected to dominate the market in the future, due to its high demand. The increasing disposable incomes of consumers are making them try new flavors like red velvet and berry, which is fuelling these segments. Chocolate is expected to dominate the market in the future, due to its high demand.
The distribution channel segment includes hypermarkets/supermarkets, specialty retail, e-commerce, B2B, and others. Specialty stores are experiencing maximum market growth due to the availability of different flavors. Moreover, the world is moving toward online shopping due to its reliability and home-delivery features, which will drive the e-commerce segment; Growing industrialization is fuelling the retail sector.
Browse the full “Cake Mixes Market By Product (Angel Food Cake, Layer Cake, Flourless or Low-Flour Cakes, Chiffon Cake, Cupcake, Cheesecake, Pound Cake, Tortes, Unbaked Cake, and Others), By Flavor (Chocolate, Vanilla, Butter, Milk, Fruit, Red Velvet, Berries, Butterscotch, and Others), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/cake-mixes-market
North America dominates the cake mixes market with a share of around 30%, owing to the high demand for bakery products among the regional consumers. This regional market is expected to grow at a CAGR of 4.2% over the forecast time period. The U.S. is the main player in the region.
Europe is expected to be another key player in the cake mixes market, which is expected to grow at a CAGR of about 3.5% over the forecast time period. The UK, France, and Germany are the main players in this regional market, due to the introduction of low-fat and low-calorie cup mixes, which has generated huge product demand among the health-conscious population.
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The Asia Pacific is expected to be one of the rapidly growing regions in the cake mixes market over the forecast time period. The growing urbanization and modernization in the developing countries of India and China have led to the change in dietary patterns of the consumers. Thus, the consumers are shifting toward bakery products, which will boost this regional market. Moreover, the demand by farmers for effective feed is also likely to boost this growth. The region is expected to hold around 22% of the market share globally in the future.
Latin America is expected to show moderate market growth over the forthcoming period. Brazil is the main regional player. After the economic crisis of 2016, the food and beverage industry in the country is making all the possible efforts to stabilize the business once again. Thus, the companies are coming with better quality and a wide variety of food products, which will boost the region’s cake mixes market.
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The Middle East and Africa is estimated to show moderate growth over the estimated time period, owing to the high per-capita income and changing lifestyles of the regional population. However, the region is still among the least dominating with a market share of just 5% globally.
Some key players operating in the cake mixes market are General Mills, Associated British Foods, Archer-Daniels-Midland, Pinnacle Foods, Cargill, Ingredion Incorporated, Hain Celestial, Kerry Group, Continental Mills, and Chelsea Milling.
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This report segments the global cake mixes market into:
Global Cake Mixes Market: Product Analysis
- Angel Food Cake
- Layer Cake
- Flourless or Low-Flour Cakes
- Chiffon Cake
- Cupcake
- Cheesecake
- Pound Cake
- Tortes
- Unbaked Cake
- Others
Global Cake Mixes Market: Flavor Analysis
- Chocolate
- Vanilla
- Butter
- Milk
- Fruit
- Red Velvet
- Berries
- Butterscotch
- Others
Global Cake Mixes Market: Distribution Channel Analysis
- Hypermarkets/Supermarkets
- B2B
- E-Commerce
- Specialty Retail
- Others
Global Cake Mixes Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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