Global bakery mixes market demand is anticipated to be valued at US$ 6,175.3 million in 2023, forecast to grow at a CAGR of 5.2% to be valued at US$ 10,300.3 million from 2023 to 2033. Growth is attributed to increasing consumer preferences for ready-to-prepare food. From 2018 to 2022, a CAGR of 4.4% was registered for the biscuit mixes market.
Bakery mixes are easy to use and cost effective ingredients for professional bakers. These are used to ensure high quality of the bakery products. Bakery mixes include flours, sweeteners, edible oils, starches and derivatives, coca and chocolate, salt, protein, hydrocolloids, lecithin, health promoting ingredients, etc. The global bakery mixes market is expected to grow at a significant growth rate, attributed to food and beverages industry across the globe over the forecast period. The Europe bakery mixes market is expected to register a relatively high revenue share over the forecast period followed by North America bakery mixes market, attributed to increasing demand for natural and organic bakery mixes across the region. Asia-Pacific is expected to account for 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.
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
Frequently Asked Questions
- What is the anticipated growth of the bakery mixes market until 2032?
- Which region is forecast to be the most lucrative for bakery mixes market growth?
- Which are some prominent bakery mixes market manufacturers?
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