Pancake Mixes Market size to increase by USD 1.64 billion from 2023 to 2028; Labeling strategies and omnichannel retailing adopted by players boost the market growth - Technavio

NEW YORK , Dec. 18, 2023 /PRNewswire/ -- The pancake mixes market size is expected to grow by USD 1.64 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 5.71% during the forecast period. Labeling strategies and omnichannel retailing adopted by players is notably driving the pancake mixes market. However, factors such as harmful ingredients used in pancake mixes may impede market growth. The market is segmented by distribution channel (offline and online), product (dry pancake mixes (DPM) and liquid pancake mixes (LPM)), and geography (APAC, North America, Europe, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format 

Key Segment Analysis

• The market share growth by the offline segment is significant during the forecast period. The offline distribution channel offers buyers the opportunity to access a large range of products which is fuelling the growth of this segment. Some of the main retail formats which contribute to the market growth include supermarkets, hypermarkets, and convenience stores. Hence, such factors are fuelling the growth of this segment which, in turn, drives the market growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Geographical Market Analysis 

• APAC accounts for 33% of the market growth during the forecast period. Factors such as the growing demand for processed foods in the region, particularly in countries such as India, China, Vietnam, and Japan are fuelling the growth of the market in the region. The increasing number of working professionals, along with the growing number of nuclear families are significantly contributing to the market growth in the region. Hence, such factors are positively impacting the market which in turn are driving the market growth in APAC during the forecast period.

Company Insights 
The pancake mixes market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including: Basic American Foods, Bobs Red Mill Natural Foods Inc., C.H. Guenther and Son Inc., Castle Kitchen Foods Corp., Continental Mills Inc., Fibro Foods Pvt. Ltd., FlapJacked, General Mills Inc., Greens Desserts UK Ltd., Hodgson Mill, Hometown Food Co., LITTLE CHERRY MOM, Manildra Flour Mills Pty. Ltd., Pamelas Products Inc., PepsiCo Inc., Premier Foods Plc, Sovos Brands Inc., Swiss Bake Ingredients Pvt. Ltd., Vedant Food Solutions, and Balticovo

• View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

The organic rice flour market size is projected to increase by USD 156.61 million and the market size is estimated to grow at a CAGR of 5.26% between 2023 and 2028.

The pet treats market size is projected to increase by USD 9,103.56 million and the market size is estimated to grow at a CAGR of 6.57% between 2023 and 2028.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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