Cake Mixes Market Revenue to close at USD 16,229 MN by 2027
Posted On April 14, 2021
The Global Cake Mixes Market is foreseen to grow at a remarkable CAGR of 3.77% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 16,229 MN by 2027. The growing preferences for convenience foods and confectionery amid a busy lifestyle among the working population is the main trending factor for the cake mixes market. There is an increasing demand for these mixes among the urban community as they can help make endless varieties of cake products quickly, efficiently, and cost-effectively during gatherings and home held parties. High disposable income, availability of high-quality products combined with different flavors and textures, and longer shelf life will benefit market growth. Advancements in enzyme technology, enabling manufacturers to create unique textures, tastes suited to local preferences, will be a market booster. The tons of preservatives in these mixes and lack of freshness in the taste are some of the barriers to the market's growth.
Cake mixes are a pre-mixed formulation of well-tested ingredients and are a quick and straightforward way to make cakes that are incredibly light and fluffy. With a commercial cake mix, the liquid ingredients, usually eggs, oil, and water, are mixed. Then the dry mix is added, stirred to moisten and beat for a certain amount of time as listed in the box's directions, and then baked. These boxed cake mixes available in different flavors can also be used to whip up quick and tasty cookies, pancakes, and crumble bars. Commercial cake mixes contain surfactants in their shortenings to improve texture, flavor, aid in the emulsification of ingredients, and incorporate air into the batter, to enhance volume.
The geographical and segmentation study covered in the report "Global Cake Mixes Market Report By Flavor (Chocolate, Vanilla, Fruit, Others), By Distribution Channel (Online, Offline) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of flavor the market is segmented into Chocolate, Vanilla, Fruit, Others. By distribution channel the cake mixes market is categorised as Online, Offline. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Cake Mixes Market -
By Distribution Channel
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Chelsea Milling Co., Archer-Daniels-Midland Co., Associated British Foods Plc; General Mills, Inc., Cargill, Inc., Ingredion. Inc, Hain Celestial Group, Inc., Pinnacle Foods, Continental Mills, Inc, Kerry Group Plc, and Chelsea Milling Co.
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