Global Pancake Mixes Market 2018-2022| Growing Demand for Gluten-Free Pancake Mixes to Boost Growth| Technavio
LONDON--(BUSINESS WIRE)--Oct 4, 2018--The global pancake mixes market is expected to post a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global pancake mixes market from 2018-2022 (Graphic: Business Wire)
A key factor driving the growth of the market is increasing influence of food channels and shows on TV to prepare pancakes at home. The growing prevalence of television channels like TLC and FoodFood is making many consumers aware of how pancake varieties can be prepared at home. However, due to factors such as busy lifestyles and less time available for cooking, consumers often prefer packaged pancake mixes. Thus, the increasing influence of food channels and shows on TV is one of the prominent factors pushing consumers to buy pancake mixes.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing demand for gluten-free pancake mixes as one of the key emerging trends in the global pancake mixes market:
Global pancake mixes market: Growing demand for gluten-free pancake mixes
The gluten-free food market in western countries is growing at a steady pace owing to more numbers of health-conscious people and awareness about celiac disease. It is estimated that 82% of Americans with celiac disease are still undiagnosed. Also, there is no medication available to cure this disease, and the only way to avoid it is to switch to gluten-free product offerings. Factors including high incidence of digestive health problems, weight management issues, and demand for nutritious food are raising the overall demand for gluten-free food items. Thus, market players have started offering gluten free pancake mixes. Many brands are expected to come up with gluten-free pancake mixes during the forecast period, which would increase the overall revenue of the market.
“ Other factors such as development of new products, improvement in taste and versatility, and high levels of marketing support are helping to increase the overall demand for pancake mixes,” says a senior analyst at Technavio.
Global pancake mixes market: Segmentation analysis
This market research report segments the global pancake mixes market by product (DPM and LPM) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of close to 56% of the market share, followed by EMEA and APAC respectively. However, during the forecast period, the EMEA market is expected to register the highest incremental growth, followed by the APAC region.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 10/04/2018 09:21 AM/DISC: 10/04/2018 09:21 AM