About this market
The global vegetable-based baking mixes market is witnessing an incremental demand from consumers who bake at home. This demand can be attributed to the growth of the bakery industry, easily available recipes, and the growing possibility of sales through social media. The increasing popularity of social media has been further augmented by the increasing popularity and rapid penetration of cooking shows in various entertainment channels. The demand for home-based baking will eventually lead to an increasing number of home bakery establishments. With increasing prominence of social media, the trend of baking at home is increasing, thereby driving the use of vegetable-based baking mixes. analysts have predicted that the vegetable-based baking mixes market will register a CAGR of over 8% by 2022.
Market Overview
Growth in organized retailing
The worldwide growth of organized retailers, the establishment of supermarkets, hypermarket and specialty stores have increased considerably. The high growth rate of supermarkets can be attributed to the growing urbanization and increasing disposable income of people.
Volatility in raw material prices
Vegetable- based baking mixes have many ingredients, which may differ based on flavors and varieties. Any volatility or instability in the prices of these raw materials can be a major challenge for the global vegetable- based baking mixes market.
For the detailed list of factors that will drive and challenge the growth of the vegetable-based baking mixes market during the 2018-2022, view our report.
Competitive Landscape
The vegetable-based baking mixes market is moderately concentrated. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.