North America Cake Model Market

North America Cake Model Market Size Analysis 2022 - 2027:

North America Cake Model Market size is expected at USD xx. xx million in 2021 and is anticipated to the extent an over of USD xx. xx million by the end of the assessment period. The North America Cake Model Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimated period 2022 - 2027.

Cake Model is ​​defined as dry mixes used for baking cakes. Cake Model can be made with eggs or egg substitutes. They are generally classified into three types, including complete mix, dough base, and dough concentrates. Cake premixes offer convenience to use for consumers, foodservice operations, and industrial-scale bakeries. Cake mix saves prep time. They reduce the hassle of selecting ingredients. The increasing use of the Cake Model to speed up the entire baking process will further contribute to the growth of the market.

North America Cake Model Market Recent Developments

1. Investing in Acquisitions Strengthens CAKE's Innovation in Performance Marketing Software and Solutions for Affiliate Marketing, Lead Generation, and Multi-Channel Marketing; and reinforces the company's commitment to providing superior customer service, providing marketers, advertisers and publishers with new opportunities to increase their margins.
2. In December 2020, The Indian Competition Commission (ICC) announced on Wednesday that it had approved the proposed acquisition of around 8% by private equity firm TPG in API Holdings. API Holdings is the parent company of API Holdings Group and Pharmeasy, one of the major players in electronic pharmacy. The National Court of Company Law (NCLT) approved a composite merger plan submitted by API Holdings, pursuant to a notice submitted to the regulator.
3. PAG has completed the 100% acquisition of The Cheesecake Shop, Australia's largest specialty cake retailer through a franchise network of more than 200 stores in Australia, New Zealand and the UK. Terms of the transaction were not disclosed. PAG will be looking to expand The Cheesecake Shop network over the next several years and looks forward to working successfully with current management and staff, as well as new and existing franchisees and vendors.
4. Mondelez International, Inc. is moving further into the global bakery industry with an agreement to acquire Chipita SA, a rapidly growing global bakery of packaged cakes and pastries. Athens-based Chipita generated sales of approximately $ 580 million in 2020. The company's products include croissants, bagel chips, cake bars, cookies, and spreads that are sold primarily under the 7Days, Chipicao and Fineti brands. . Chipita would expand the portfolio of Mondelez, a world leader in cookies, crackers, chocolate and other confectionery products.

North America Cake Model Market Drivers and Restraints:

The growing demand for products around the world due to the preference for ready-to-eat (RPC) foods due to the hectic working life is expected to be the key driver in the market. These products are available in a variety of flavors, including chocolate, vanilla, fruit, and others, which is also expected to increase in demand during the forecast period. Also, increased spending on the premium category of branded products due to their high quality and reliability will help the market grow. The increase in disposable income, especially in emerging countries such as India and China, will also have a positive impact on the demand for products. Furthermore, the growing bakery industry in these countries is expected to help drive demand in the future. In addition, the constant innovation of products in the Cake Model due to the demand for specialty products, such as low-calorie and gluten-free foods, due to the increasing awareness of health. For example, in March 2019, Dawn Foods expanded its category of gluten-free ingredients in baked goods. The impact of e-commerce channels also plays a crucial role in increasing demand for products. However, the use of various preservatives and chemicals to extend the shelf life of products can hamper market growth.

North America Cake Model Market Segmentation:

The market segmentation for North America Cake Model can be divided into type, mixing methods, sales, and distribution channel.

Based on the type: the market is segmented into decorated Decorated Cake, Cup Cake, Dessert Cake, Pound Cake, Cheese Cake, Ice Cream Cake, Snack Cake, Wedding Cake, and Others. Decorated cake segment held with the highest shares of the market in 2019. Increasing disposable income and rising prevalence for the different decorative cakes are likely to fuel the demand of the market.

Based on the mixing methods: the market is divided into Shortened Cakes, Layer Cakes, Pound Cake, Foam And Sponge Cakes, Low-Flour Cakes, Angel Food Cake, and Biscuit and Chiffon Cake. Shortened cakes segment is holding with the largest shares of the market. Layer cakes are esteemed to have the highest CAGR in the coming years.

Based on the sales: the North American cake model market is classified into Packaged Cakes and Artisanal and In-Store Bakeries. Packaged cakes segment is ruling with the largest shares of the market.

On the basis of distribution channels: the North American cake model market is categorized into Online Sales, Supermarkets/ Hypermarkets, Convenience Stores, and Others. Supermarkets/hypermarkets segment is holding with the largest shares of the market by owing to the rising number of supermarkets in the region. The online store's segment is next in dominating the shares of the market.

Impact of COVID-19 on North America Cake Model Market:

COVID 19 impacted North America cake model market in a negative way. The market shares were decreased in 2020 especially due to strict lockdown restrictions. All the industries were completely shut down where there is no production. This impacted the shares of the cake model negatively. However, from 2021 the market shares started to rise tremendously with the unlock guidelines released by government. All the activities were slowly opted to resume with high COVID 19 norms. This is impelling the growth rate of the North America cake model market.

North America Cake Model Market Regional Analysis:

The market for North America Cake Model has been categorized on the basis of geography to offer a clear understanding of the market. North America Cake Model Market has been divided into the United States, Canada, Mexico, and the rest of North America. North America accounts for the majority of the global market at 48.60% in 2017 and is expected to dominate the Cake Model Market during the forecast period. The strong presence of key Cake Model players in the United States is likely to drive market growth. Ongoing product launches and strong advocacy to educate consumers are fueling the growth of the North American Cake Model Market. The growing demand for baked goods among the workforce is the main driver of the growth of Cake Models in this region.

North America Cake Model Market Leading Company

Archer-Daniels-Midland Co. had the largest share of the North America Cake Model Market in terms of sales revenue in 2021.

North America Cake Model Market Key Players

The North America Cake Model Market is concentrated with well-established players. Key players in the North America Cake Model Market include Chelsea Milling Co., Archer-Daniels-Midland Co., Continental Mills, Inc., Kerry Group Plc, Hain Celestial Group, Inc., Pinnacle Foods, Inc., Cargill, Inc., Ingredion, Inc., Associated British Foods Plc, and General Mills.