Vegan Certified Cake Mixes Market
Vegan Certified Cake Mixes Market Forecasts to 2030 - Global Analysis By Product (Basic Cake Mixes, Specialty Cake Mixes and Other Products), Flavor, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Vegan Certified Cake Mixes Market is accounted for $1.0 billion in 2023 and is expected to reach $1.6 billion by 2030 growing at a CAGR of 7.3% during the forecast period. Vegan-certified cake mixes offer delightful treats without animal-derived ingredients like eggs, milk, or honey. These mixes often use substitutes like flaxseed meal, applesauce, or non-dairy milk, maintaining moisture and flavour. They cater to various dietary needs, including those with lactose intolerance or egg allergies, without compromising on taste or texture. Vegan cake mixes are convenient for busy bakers, requiring minimal effort while still delivering scrumptious results. Whether for birthdays, celebrations, or casual indulgences, these cruelty-free options ensure everyone can enjoy a slice guilt-free.
Market Dynamics:
Driver:
Growing popularity of veganism
As more individuals adopt plant-based diets for health, environmental, and ethical reasons, there's a heightened awareness and preference for vegan alternatives in the food market. This trend has spurred innovation and expansion within the vegan certified cake mixes sector, with manufacturers introducing diverse flavours, improved formulations, and convenient packaging options to cater to the increasing demand. Additionally, the mainstream acceptance of veganism has led to greater accessibility of vegan cake mixes in supermarkets, specialty stores, and online platforms, driving further growth in the market.
Restraint:
Health concerns
Some consumers may have reservations about the nutritional content and ingredient quality of vegan cake mixes, fearing they may contain excessive sugars, additives, or preservatives. Additionally, misconceptions about vegan diets, such as concerns about protein intake or potential deficiencies, may deter certain consumers from purchasing vegan cake mixes. Overcoming these negative perceptions requires effective communication of the nutritional benefits and quality standards
Opportunity:
Expansion of the vegan confectionery market
Consumers seeking plant-based alternatives in the confectionery industry, there's a parallel increase in demand for vegan cake mixes to replicate these treats at home. The availability of diverse vegan confectionery options helps familiarize consumers with plant-based ingredients and encourages experimentation with vegan baking. This growing interest in vegan sweets fosters a supportive environment for vegan certified cake mixes, driving innovation, market visibility, and consumer acceptance.
Threat:
Limited ingredient knowledge
Without a clear understanding of vegan ingredients and their functionalities, consumers may be skeptical about the quality, taste, and nutritional value of vegan cake mixes. This lack of awareness may lead to misconceptions or confusion regarding ingredient substitutions and baking techniques, discouraging potential customers from trying vegan options thus impeding the growth of the market.
Covid-19 Impact
With growing health consciousness and a shift towards plant-based diets, the pandemic accelerated the adoption of vegan baking products. However, disruptions in supply chains and economic uncertainties initially posed challenges for manufacturers and retailers. Despite this, the resilience of the vegan food sector and the rise of e-commerce platforms enabled continued growth. Overall, the pandemic highlighted the importance of vegan options and fueled long-term consumer interest in vegan certified cake mixes.
The basic cake mixes segment is expected to be the largest during the forecast period
The basic cake mixes segment is estimated to have a lucrative growth, due to the availability of basic vegan cake mixes helps educate consumers about vegan baking and its simplicity. As consumers become more comfortable with basic vegan baking, they may be more inclined to explore and purchase other vegan cake mixes with additional flavours or features. Thus the availability of basic vegan cake mixes has led to market segmentation, with consumers having the option to choose between basic mixes and premium or specialty mixes based on their preferences, needs, and budget.
The bakery & confectionery industry segment is expected to have the highest CAGR during the forecast period
The bakery & confectionery industry segment is anticipated to witness the highest CAGR growth during the forecast period, as more bakeries and confectionery shops offer vegan options, either fully vegan or with vegan-friendly alternatives, consumers become more familiar and accepting of vegan products, including vegan cake mixes. When traditional bakeries and confectionery businesses start offering vegan cakes made from vegan certified cake mixes, it serves as market validation for the vegan cake mixes sector. This validation can encourage other businesses, both within and outside the industry, to invest in producing and promoting vegan cake mixes.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increase in the number of people adopting vegan diets across the Asia Pacific region. This includes individuals following veganism for health reasons, ethical concerns related to animal products, and environmental sustainability. Moreover some governments in the Asia Pacific region are promoting plant-based diets and supporting the development of the vegan food industry through policies, subsidies, and regulations. This supportive environment encourages further growth and innovation in the vegan cake mix market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to manufacturers in the region are continually innovating to offer a diverse range of vegan cake mix options, including various flavors, textures, and nutritional profiles. This product diversity helps cater to the preferences and dietary requirements of different consumer segments. Companies operating in the North American vegan cake mix market are actively engaged in marketing and promotional activities to raise awareness about their products. This includes advertising campaigns, social media marketing, and participation in food expos and events focused on vegan and plant-based products.
Key players in the market
Some of the key players in the Vegan Certified Cake Mixes Market include Annie's Homegrown, Arrowhead Mills, Betty Crocker, Bob's Red Mill Natural Foods, Cherrybrook Kitchen, Duncan Hines, Edward & Sons Trading Co., Hain Celestial Group, Hodgson Mill, King Arthur Flour, Miss Jones Baking Co., Namaste Foods, Pamelas Products, Pillsbury, Simple Mills and Wholesome Chow
Key Developments:
In March 2024, King arthur baking company expands the baking mix category with launch of savoury bread mix kits. These mix kits cater to the demand for easy and approachable bakes, bridging a gap in the market for accessible homemade bread options with a quick start-to-finish process.
In December 2023, TCL and King Arthur Baking Company launch ‘Tastes Like Home’ student recipe contest. The Culinary Institute of the South at Technical College of the Lowcountry has partnered with King Arthur; America’s oldest baking company, to launch a recipe competition for area students.
In February 2021, Annie's Homegrown announced that it would remove phthalates from its processing equipment and packaging, and that its products contain phthalates at levels below the threshold of 0.05 mg/kg of body weight recommended by the European Food Safety Authority (EFSA).
Product Types Covered:
• Basic Cake Mixes
• Specialty Cake Mixes
• Other Product Types
Flavours Covered:
• Vanilla
• Chocolate
• Red Velvet
• Lemon
• Strawberry
• Other Flavours
Distribution Channels Covered:
• Convenience Stores
• Supermarkets/Hypermarkets
• Online Retailers
• Specialty Stores
• Other Distribution Channels
End Users Covered:
• Household
• Bakery & Confectionery Industry
• Foodservice Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Vegan Certified Cake Mixes Market, By Product
5.1 Introduction
5.2 Basic Cake Mixes
5.3 Specialty Cake Mixes
5.3.1 Gluten-Free
5.3.2 Organic
5.3.3 Sugar-Free
5.4 Other Products
6 Global Vegan Certified Cake Mixes Market, By Flavor
6.1 Introduction
6.2 Vanilla
6.3 Chocolate
6.4 Red Velvet
6.5 Lemon
6.6 Strawberry
6.7 Other Flavours
7 Global Vegan Certified Cake Mixes Market, By Distribution Channel
7.1 Introduction
7.2 Convenience Stores
7.3 Supermarkets/Hypermarkets
7.4 Online Retailers
7.5 Specialty Stores
7.6 Other Distribution Channels
8 Global Vegan Certified Cake Mixes Market, By End User
8.1 Introduction
8.2 Household
8.3 Bakery & Confectionery Industry
8.4 Foodservice Industry
8.5 Other End Users
9 Global Vegan Certified Cake Mixes Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Annie's Homegrown
11.2 Arrowhead Mills
11.3 Betty Crocker
11.4 Bob's Red Mill Natural Foods
11.5 Cherrybrook Kitchen
11.6 Duncan Hines
11.7 Edward & Sons Trading Co.
11.8 Hain Celestial Group
11.9 Hodgson Mill
11.10 King Arthur Flour
11.11 Miss Jones Baking Co.
11.12 Namaste Foods
11.13 Pamelas Products
11.14 Pillsbury
11.15 Simple Mills
11.16 Wholesome Chow
List of Tables
1 Global Vegan Certified Cake Mixes Market Outlook, By Region (2021-2030) ($MN)
2 Global Vegan Certified Cake Mixes Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Vegan Certified Cake Mixes Market Outlook, By Basic Cake Mixes (2021-2030) ($MN)
4 Global Vegan Certified Cake Mixes Market Outlook, By Specialty Cake Mixes (2021-2030) ($MN)
5 Global Vegan Certified Cake Mixes Market Outlook, By Gluten-Free (2021-2030) ($MN)
6 Global Vegan Certified Cake Mixes Market Outlook, By Organic (2021-2030) ($MN)
7 Global Vegan Certified Cake Mixes Market Outlook, By Sugar-Free (2021-2030) ($MN)
8 Global Vegan Certified Cake Mixes Market Outlook, By Other Product Types (2021-2030) ($MN)
9 Global Vegan Certified Cake Mixes Market Outlook, By Flavor (2021-2030) ($MN)
10 Global Vegan Certified Cake Mixes Market Outlook, By Vanilla (2021-2030) ($MN)
11 Global Vegan Certified Cake Mixes Market Outlook, By Chocolate (2021-2030) ($MN)
12 Global Vegan Certified Cake Mixes Market Outlook, By Red Velvet (2021-2030) ($MN)
13 Global Vegan Certified Cake Mixes Market Outlook, By Lemon (2021-2030) ($MN)
14 Global Vegan Certified Cake Mixes Market Outlook, By Strawberry (2021-2030) ($MN)
15 Global Vegan Certified Cake Mixes Market Outlook, By Other Flavours (2021-2030) ($MN)
16 Global Vegan Certified Cake Mixes Market Outlook, By Distribution Channel (2021-2030) ($MN)
17 Global Vegan Certified Cake Mixes Market Outlook, By Convenience Stores (2021-2030) ($MN)
18 Global Vegan Certified Cake Mixes Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
19 Global Vegan Certified Cake Mixes Market Outlook, By Online Retailers (2021-2030) ($MN)
20 Global Vegan Certified Cake Mixes Market Outlook, By Specialty Stores (2021-2030) ($MN)
21 Global Vegan Certified Cake Mixes Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
22 Global Vegan Certified Cake Mixes Market Outlook, By End User (2021-2030) ($MN)
23 Global Vegan Certified Cake Mixes Market Outlook, By Household (2021-2030) ($MN)
24 Global Vegan Certified Cake Mixes Market Outlook, By Bakery & Confectionery Industry (2021-2030) ($MN)
25 Global Vegan Certified Cake Mixes Market Outlook, By Foodservice Industry (2021-2030) ($MN)
26 Global Vegan Certified Cake Mixes Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.