openPR Logo
Press release

Cake Mixes Market Demand for Ready to Eat Food to Offer Lucrative Opportunity

03-05-2018 10:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Cake Mixes Market Demand for Ready to Eat Food to Offer Lucrative

The global market for cake mixes is predicted to exhibit a healthy growth curve over the coming years, according to a report by Transparency Market research (TMR). The market is a highly competitive one, with the presence of a large number of market players, both big and small. However, there are a handful of leading participants that dominate the market presence, such as Archer-Daniels-Midland Company, Associated British Foods Plc., Ingredion Incorporated, Ingredion Incorporated and Kerry Group Plc.

Request to view Sample Report:

According to TMR’s report, the global cake mixes market is expected to achieve a market value of US$1310.7 mn, from an evaluated US$1098.7 mn in the year 2017. Ove the forecast period of 2017 to 2025d to exhibit a stead, the market is expected to exhibit a steady CAGR of 3.6%. Among segments based on the type of flour, the chocolate flavor is expected to clock in a whopping 31.8% share of the revenue.

Perpetual Popularity of Chocolate makes it Leading Market Segment

The global cake mixes market based on the flavor or type of flour used is segmented into vanilla, chocolate, butter, fruit, milk, red velvet, butterscotch, berries and others. Out of these, the chocolate flavored segment is predicted to hold the dominant share over the period of forecast. As per the TMR report, the chocolate segment could reach a value of US$426.5 mn by the end of 2022, representing almost 32.5% of the overall market. The growth attained by the chocolate segment is expected to surpass that of any other segments in the category.

Geographically, the North American cake mixes market is anticipated to be emerge as the leading regional segment. Europe is predicted to be another key market for cake mixes to attract a handsome revenue share in the market. These regions are expected to lead the regional markets on account of their vicinity to prominent players, popularity of bakery items and the disposable incomes of the residing population.

Demand for Ready to Eat Food to Offer Lucrative Opportunity

Demand for ready to make bakery items is perceived to drive the market for cake mix emphatically in the midst of the check time allotment. Growing disposable incomes and demand from the quantity of consumers are the major recognized key drivers responsible for uplifting this market. Growth of the ‘heat to eat’ kind of consumers has also given a significant impetus to the rise of the worldwide cake mixes market. Consumers are found to have more enthusiasm for upgraded pre-mixes which can be set up with egg replacers in perspective of the emerging vegan lovers. This has invigorated the makers towards attempting distinctive things with new and stand-out flavors and making new headways.

Technical innovations and demonstration of spontaneities in the developing techniques have given unprecedented results which has helped in in the rise for the preference of cake mixes.

Urbanization and changing food use designs have incited customers asking for cake mixes on an overall level. With the section of industry players in the cake blend segment, a pattern of strong, volume-driven development has been seen in the market with the advancement of various assortments of product portfolios. The organizations are observed to intend to catch an impressive share of the market pre-emptively. To achieve this, they are concentrating exceptionally on new and special product manufacture and acquisitions of small players to produce high incomes. The maker's key methodology incorporate high interests in product improvement to make their product unique and stand out among consumers.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cake Mixes Market Demand for Ready to Eat Food to Offer Lucrative Opportunity here

News-ID: 964205 • Views: 106

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases

More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the