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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, 2021-2028
ID:VMR11214130
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Cake Mixes Market Overview
The key driver impacting the cake mixes market is the rapidly growing Ready-To-Eat (RTE) foods product demand across the globe due to the growing working population and hectic life of people globally. The ready to eat cake mix is tasty, easy to bake and consume, creating massive demand from consumers of all age groups. Also, the rise in disposable income levels globally is estimated to augment cake mix demand in the forecast period as it leads to increased spending on the premium category of branded products due to their high quality, taste, and reliability. For instance, According to the World Bank report net, national income per capita was 8967.271 USD in 2014; it is to 8865.384 USD,9290.346 USD respectively in 2017 and 2018. The growing liking for cakes and other bakery products among children is also adding growth to the cake mixes market in the coming years.
The rising health consciousness among consumers leads to steady product innovation in cake mixes owing to high demand for specialty products, such as gluten-free and low-calorie foods is estimated to be a significant factor that positively impacts market growth. for instance, in March 2019, dawn foods expanded its gluten-free ingredients in bakery mixes products. in Nov 2020, a leading bakery company based in the US, Cherryvale Farms, has recently launched a new 100% plant-based and dairy-free microwaveable mug-cake mixes product line. the new flavors include salted caramel chocolate and an immediate indulgence range, which also includes birthday cake. Also, a known food brand green’s has revealed a new chocolate flavored egg cake kit. this new kit has a chocolate cake mix, mini eggs to decorate, and a chocolate frosting mix. The kit is a mixture of indulgent and versatile product that is easy to bake. however, the rise in obese and diabetic people may hamper the global cake mixes market in the long run. also, the use of various preservatives and chemicals for longer product shelf life negatively impacts market growth. the current industry trends, such as the growing women working population and their busy lifestyle, and growing production of cake mix with high nutritional value and with no allergens, are expected to provide market players with several market opportunities.
The cake mixes market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to enhance their market share globally. the known players included in the report are 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.
In this research report, the cake mixes market is segmented by flavor, distribution channel, and region.
Analysis by Flavor:
By Flavor, the report is categorized into general chocolate, vanilla, fruit, and others. Chocolate dominates the flavor segment with over 40% share in 2020. It is due to the high consumption of chocolate-flavored food products across the globe. Moreover, the increased awareness levels about chocolate's health benefits drive the demand for chocolate flavor in the forecast period.
Analysis by Distribution Channel:
By distribution channel, the report is categorized into online and offline. The offline distribution dominates the distribution channel segment with over 60% share in 2020. The rising number of specialty stores, convenience stores, hypermarkets, and supermarkets across the globe is positively impacting the segment growth. Moreover, the growing consumer preference of buying from such stores due to the availability of festive discounts and offers drives the market demand from the offline stores in the forecast period.
Analysis by Region:
In the regional outlook of the global cake mixes market, the North America region dominates with a 30% market share during the forecast period. The rising demand for bakery products in countries such as Brazil and Argentina is the critical factor driving regional growth. Moreover, the growing popularity of Brazilian cake recipes, such as Brazilian cornmeal cake, Brazilian carrot cake, passion fruit mousse cake, peach pound cake, and spiced pumpkin, contributes to the development of the cake mixes market across North America.
Market Segmentation covered in the Report:
By Flavor
The key driver impacting the cake mixes market is the rapidly growing Ready-To-Eat (RTE) foods product demand across the globe due to the growing working population and hectic life of people globally. The ready to eat cake mix is tasty, easy to bake and consume, creating massive demand from consumers of all age groups. Also, the rise in disposable income levels globally is estimated to augment cake mix demand in the forecast period as it leads to increased spending on the premium category of branded products due to their high quality, taste, and reliability. For instance, According to the World Bank report net, national income per capita was 8967.271 USD in 2014; it is to 8865.384 USD,9290.346 USD respectively in 2017 and 2018. The growing liking for cakes and other bakery products among children is also adding growth to the cake mixes market in the coming years.
According to Value Market Research, the global cake mixes market was valued at around USD 12,500 million in 2020 and is estimated to grow at a CAGR of about 3.77% during the forecast period of 2021 to 2027.
The rising health consciousness among consumers leads to steady product innovation in cake mixes owing to high demand for specialty products, such as gluten-free and low-calorie foods is estimated to be a significant factor that positively impacts market growth. for instance, in March 2019, dawn foods expanded its gluten-free ingredients in bakery mixes products. in Nov 2020, a leading bakery company based in the US, Cherryvale Farms, has recently launched a new 100% plant-based and dairy-free microwaveable mug-cake mixes product line. the new flavors include salted caramel chocolate and an immediate indulgence range, which also includes birthday cake. Also, a known food brand green’s has revealed a new chocolate flavored egg cake kit. this new kit has a chocolate cake mix, mini eggs to decorate, and a chocolate frosting mix. The kit is a mixture of indulgent and versatile product that is easy to bake. however, the rise in obese and diabetic people may hamper the global cake mixes market in the long run. also, the use of various preservatives and chemicals for longer product shelf life negatively impacts market growth. the current industry trends, such as the growing women working population and their busy lifestyle, and growing production of cake mix with high nutritional value and with no allergens, are expected to provide market players with several market opportunities.
The cake mixes market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to enhance their market share globally. the known players included in the report are 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.
In this research report, the cake mixes market is segmented by flavor, distribution channel, and region.
Analysis by Flavor:
By Flavor, the report is categorized into general chocolate, vanilla, fruit, and others. Chocolate dominates the flavor segment with over 40% share in 2020. It is due to the high consumption of chocolate-flavored food products across the globe. Moreover, the increased awareness levels about chocolate's health benefits drive the demand for chocolate flavor in the forecast period.
Analysis by Distribution Channel:
By distribution channel, the report is categorized into online and offline. The offline distribution dominates the distribution channel segment with over 60% share in 2020. The rising number of specialty stores, convenience stores, hypermarkets, and supermarkets across the globe is positively impacting the segment growth. Moreover, the growing consumer preference of buying from such stores due to the availability of festive discounts and offers drives the market demand from the offline stores in the forecast period.
Analysis by Region:
In the regional outlook of the global cake mixes market, the North America region dominates with a 30% market share during the forecast period. The rising demand for bakery products in countries such as Brazil and Argentina is the critical factor driving regional growth. Moreover, the growing popularity of Brazilian cake recipes, such as Brazilian cornmeal cake, Brazilian carrot cake, passion fruit mousse cake, peach pound cake, and spiced pumpkin, contributes to the development of the cake mixes market across North America.
Market Segmentation covered in the Report:
By Flavor
- Chocolate
- Vanilla
- Fruit
- Others
- Online
- Offline
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . CAKE MIXES – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Flavor
3.7.2 By Distribution Channel
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL CAKE MIXES MARKET ANALYSIS BY FLAVOR
6.1 Overview by Flavor
6.2 Historical and Forecast Data
6.3 Analysis by Flavor
6.4 Chocolate Market by Regions
6.6 Vanilla Market by Regions
6.5 Fruit Market by Regions
6.7 Others Market by Regions
7 . GLOBAL CAKE MIXES MARKET ANALYSIS BY DISTRIBUTION CHANNEL
7.1 Overview by Distribution Channel
7.2 Historical and Forecast Data
7.3 Analysis by Distribution Channel
7.4 Online Market by Regions
7.5 Offline Market by Regions
8 . GLOBAL CAKE MIXES MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE CAKE MIXES COMPANIES
9.1. Cake Mixes Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF CAKE MIXES INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Chelsea Milling Co.
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. Archer-Daniels-Midland Co.
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Associated British Foods Plc
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. General Mills, Inc.
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. Cargill, Inc.
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Ingredion. Inc
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. Hain Celestial Group, Inc.
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Pinnacle Foods
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. Continental Mills, Inc
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. Kerry Group Plc
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
10.13. Chelsea Milling Co.
10.13.1. Company Overview
10.13.2. Financials
10.13.3. Products
10.13.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Flavor (USD MN)
- Chocolate Market by Geography (USD MN)
- Vanilla Market by Geography (USD MN)
- Fruit Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis Market by Distribution Channel (USD MN)
- Online Market by Geography (USD MN)
- Offline Market by Geography (USD MN)
- Global Cake Mixes Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Cake Mixes Report
- Market Research Process
- Market Research Methodology
- Global Cake Mixes Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Flavor
- Market Attractiveness Analysis by Distribution Channel
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Flavor (USD MN)
- Chocolate Market by Geography (USD MN)
- Vanilla Market by Geography (USD MN)
- Fruit Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Distribution Channel (USD MN)
- Online Market by Geography (USD MN)
- Offline Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments