The global bakery mixes market is expected to be worth US$ 6,175.3 million in 2023, rising at a 5.2% CAGR to US$ 10,300.3 million between 2023 and 2033. Consumer preferences for ready-to-eat food are related to growth. The biscuit mixes market grew at a CAGR of 4.4% between 2018 and 2022.
Bakery mixes are convenient and cost-effective ingredients for professional bakers. These are used to ensure the high quality of the bakery items. Bakery mixes contain flours, sweeteners, edible oils, starches and derivatives, coca and cocoa, salt, protein, hydrocolloids, lecithin, and other health-promoting ingredients.
The Bakery Mixes Market is expanding rapidly due to rising demand for efficient and time-saving baking solutions. With hectic schedules and a desire for handmade baked goods, customers are turning to bakery mixes that provide convenience and consistency. Manufacturers are innovating with a variety of flavours and specialty mixes, catering to a wide range of baking preferences and helping to the market’s rapid growth.
The global bakery mixes market is predicted to grow significantly over the forecast period, owing to the global food and beverage sector. Due to increased demand for natural and organic bakery mixes in the region, the Europe bakery mixes market is expected to have the greatest revenue share during the forecast period, followed by the North America bakery mixes market. Asia-Pacific is estimated to account for a relatively high volume share with a significant growth rate in the global bakery mixes market over the forecast period.
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Global Bakery Mixes Market: Dynamics
Growing food & beverages industry and high demand for bakery products are some of the crucial factors driving the global bakery mixes market. Macroeconomic factors affecting the global bakery mixes market include increasing population, globalization, increasing per capita income, etc. Companies manufacturing bakery mixes products can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to rapid growth of food & beverages market over the forecast period. The changing food habits and high demand for natural and organic bakery products are another important factors trending the global bakery mixes market.
Global Bakery Mixes Market: Regional Overview
On the basis of geography, the global bakery mixes market is fragmented into seven regions namely, North America, Western Europe, Asia Pacific excluding Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Among the regions, North America is expected to dominate the global bakery mixes market in terms of revenue contribution owing to increasing demand for organic bakery mixes.
North America is followed by Western Europe in global bakery mixes market, attributed to high demand for natural and organic food and beverages across the region. APEJ bakery mixes market is expected to expand at a significant growth rate over the forecast period, attributed to the high growth of bakery products in the region. The Middle East & Africa and Latin America are expected to represent a moderate opportunity in the global bakery mixes market, owing to the moderate economic, agricultural, and industrial growth in the region. Overall, the outlook for the global bakery mixes market is positive over the forecast period.
Global Bakery Mixes Market: Key Players
Some of the players identified in the global bakery mixes market include Cargill Inc., Archer Daniels Midland Company, Bakels Worldwide, Swiss Bake Ingredients Pvt. Ltd., Allied Mills Pty Ltd., Watson Inc., Malindra Group, Puratos Ltd., Lesaffre SA, Echema Technologies, LLC, Pillsbury Company, LLC, King Arthur Flour Company, Inc., Pamela’s Products Inc., and Enhance Proteins Ltd. Companies operating in the bakery mixes market including King Arthur Flour Company, Inc., Pamela’s Products Inc., Puratos Ltd. and Pillsbury Company, LLC are focusing on enhancing its value share in the global market through merger and acquisition with various domestic manufacturers and SMEs.
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Key Segments Profiled in the Bakery Mixes Industry
Bakery Mixes Market Product Type:
- Flours
- Sweeteners
- Edible Oils
- Coca and Chocolate
- Other
Bakery Mixes Market by Application:
- Breads
- Cakes & Pies
- Cookies & Biscuits
- Pizza Dough
- Brownies
- Pancakes & Waffle
- Others (Crackers etc.)
Bakery Mixes Market by Source:
- Natural Bakery Mixes
- Organic Bakery Mixes
- Artificial Bakery Mixes
Bakery Mixes Market Region:
- North America Bakery Mixes Market
- Latin America Bakery Mixes Market
- Europe Bakery Mixes Market
- East Asia Bakery Mixes Market
- South Asia & Oceania Bakery Mixes Market
- Middle East and Africa Bakery Mixes Market
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Frequently Asked Questions
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