Pancake Mixes Market: APAC to Record 30% Market Growth During 2021-2025
The pancake mixes market share is expected to grow up to USD 1.36 billion, accelerating at a CAGR of 5.43% during the forecast period. The market growth is driven by innovative product launches, however, the harmful ingredients used in pancake mixes will be a major challenge for the pancake mixes market during the forecast period. Technavio's pancake mixes market research offers an in-depth analysis of the market with respect to different geographical segments. It also provides a detailed analysis of all the trends, drivers, and challenges that will impact the market during the coming years. Unlock the Free Sample Report
Pancake Mixes Market: APAC to lead market growth during the forecast period
- The pancake mixes market is segmented by Product (dry pancake mixes (DPM) and liquid pancake mixes (LPM)) and Geography (APAC, North America, Europe, South America, and MEA).
- Based on the product, the pancake mixes market growth in the dry pancake mix (DPM) segment will be significant during the forecast period. Market players are coming up with various innovations in dry pancake mixes to attract consumers.
- Product launches will be a significant factor in driving the growth of the pancake mixes market.
- By geography, 30% of the market growth will originate from APAC during the forecast period. China and India are the key markets for pancake mixes in APAC.
- The growing demand for processed foods in the region, particularly in countries such as India, China, Vietnam, and Japan will facilitate the pancake mixes market growth in APAC over the forecast period.
- This report provides a detailed analysis of all the pancake mix market trends likely to influence the growth of individual segments within the market and the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
Pancake Mixes Market: Vendor Landscape
The pancake mixes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the major pancake mixes market vendors are:
- Basic American Foods
- Bobs Red Mill Natural Foods Inc.
- C.H. Guenther and Son Inc.
- Continental Mills, Inc.
- General Mills Inc.
- Hodgson Mill
- Hometown Food Co.
- PepsiCo Inc.
- Sovos Brands Inc.
Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 5.43%.
- What is the incremental growth of the market?
The market is expected to grow up to USD 1.36 billion.
- What is a key factor driving this market?
Product launches will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market?
30% growth will originate from APAC.
- Who are the leading market vendors?
The leading vendors in this market are Balticovo, Basic American Foods, Bobs Red Mill Natural Foods Inc., C.H. Guenther and Son Inc., Continental Mills, Inc., General Mills Inc., Hodgson Mill, Hometown Food Co., PepsiCo Inc., and Sovos Brands Inc.
- What are the market segments covered in this report?
The market is segmented by Product (dry pancake mixes (DPM) and liquid pancake mixes (LPM)) and Geography (APAC, North America, Europe, South America, and MEA).