Cake Mixes Market Size Report, Industry Share, Analysis, Growth 2032

Cake Mixes Market Size

The global cake mixes market size was worth around USD 1304.04 million in 2023 and is predicted to grow to around USD 1824.18 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.8% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The report covers a forecast and an analysis of the cake mixes market on a global and regional level.

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Cake Mixes Market: Overview

Cake mixes are used for baking cakes by blending it with milk, water, and eggs. It is usually a powder that is a highly convenient ingredient for baking cakes from scratch. These are available in different types and flavors in the market and can be prepared by less experienced cooks as well.

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 report analyzes the global Cake Mixes Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Labeling Equipment Market industry.

The study includes drivers and restraints of the cake mix market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cake mixes market on a global level.

In order to give the users a comprehensive view of the cake mixes market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Cake Mixes Market: Growth Factors

The cake mixes market on a global scale is poised to experience substantial growth in the foreseeable future. This can be attributed to two key factors: the increasing disposable income of individuals worldwide and the convenience associated with the preparation of these mixes. In addition, the ever-growing trend of urbanization is playing a significant role in shaping the dietary preferences of individuals, thereby driving the demand for cake mixes.

Nevertheless, extensive research has unequivocally demonstrated that the inclusion of salt preservatives in cake mixes can have detrimental implications for individuals' well-being. This noteworthy revelation poses a potential obstacle to the growth and sustainability of this particular market segment. The emergence of gluten-free and low-calorie cake mixes has paved the way for exciting prospects within the market. These innovative products are poised to unlock fresh avenues of growth and create a buzz among consumers seeking healthier alternatives.

Cake Mixes Market: Segmentation

The study provides a decisive view of the cake mixes market by segmenting it based on product, flavor, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. 

The product type category can be further segmented into 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. 

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. Vanilla and butterscotch are also expected to show robust market growth, owing to the increasing disposable incomes leading consumers to try new flavors.

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, which will drive the e-commerce segments.

Cake Mixes Market: Report Scope

Cake Mixes Market: Regional Analysis

The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is expected to dominate the cake mixes market over the forecast time period, owing to the high demand for bakery products among the regional consumers. The Asia Pacific cake mixes market will show sustainable growth in the future, owing to the changing lifestyles and food habits of the consumers of this region.

Cake Mixes Market: Competitive Space

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
• Chelsea Milling.

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
• Middle East and Africa