Home baking kits are miostly cookies and biscuits, pastries & muffins. From brownies and blondies to biscuits and bread, there's a kit to create just about everything and anything. Home baking kits are easily available in supermarkets & hypermarkets, convenience stores, online retail. Flour, water, and leavening agents are the ingredients primarily responsible for the characteristic appearance, texture, and flavor of most bakery products.
MARKET SCOPE
The "Global Home Baking Kits Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the home baking kits market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading home baking kits market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global home baking kits market is segmented into cookies and biscuits, pastries & muffins, and others.
- Based on distribution channel, the global home baking kits market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others
MARKET DYNAMICS
Drivers
- Global rise in the consumption of bakery products and confectionery.
- Growing trend of veganism and vegetarianism among consumers.
- Easily availabilty of the products.
- Rising R&D activities drive the home baking kits market.
Restraints
- Stringent regulations and international quality standards.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The home baking kits market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the home baking kits market in these regions.
IMPACT OF COVID-19 ON Home Baking Kits MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the home baking kits market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from home baking kits market are anticipated to lucrative growth opportunities in the future with the rising demand for home baking kits in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the home baking kits market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cargill
- Archer Daniels Midland Company
- Associated British Foods plc
- Koninklijke DSM N.V.
- Kerry Group plc
- AAK AB
- Mondelz International, Inc.
- Conagra Brands, Inc.
- Chelsea Milling Company
- Continental Mills, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.