According to a recent report by Future Market Insights, multigrain premix market are estimated to reach a valuation of US$ 483.3 Mn by 2032, surging at a 7.8% CAGR through the assessment period.
Due to changing consumer preferences, multi-grain premixes are gaining popularity for use in bakery applications as the bakery industry has been flooded with new products such as gluten-free bakery premix and egg-free premix.
The global food and beverage market is undergoing significant transformations, with snacking, natural ingredients, wellness, and health at the forefront of consumer food preferences. With a strong emphasis on lowering the burden of lifestyle diseases such as diabetes, obesity, and high levels of cholesterol, demand for multi-grain premixes is expected to skyrocket in the near future.
Growing bread and bakery product consumption, particularly in Asian countries, is expected to boost demand for bakery ingredients such as multi-grain premixes. Increasing number of cafés and coffee culture, as well as rising per capita bread consumption in the region, will create opportunities for growth in the market.
Key Takeaways:
· The multigrain premix market in the U.S is estimated to grow at a CAGR of 7.5% during the forecast period.
· Europe is expected to emerge as one of the most lucrative regions, with sales growing at a 6.1% CAGR over the assessment period.
· Based on source, wheat is estimated to have a larger share in terms of value. After wheat, maize or corn segment shares the second largest share in terms of value.
· By end use applications, bread holds the largest share in terms of value followed by biscuits and cookies.
· Sales of conventional multigrain premix will increase at a 7.5% CAGR though 2032.
“Given the growing prevalence of gluten intolerance among consumers, manufacturers are introducing gluten-free variants of multigrain premixes to improve sales,” says an FMI analyst.
Competition Landscape
Some of the key multigrain premix manufacturers include DSM, Midas Foods Pvt. Ltd., Puratos Group, Suntrails Foods, KOMPLET International, Swiss Bake Ingredients Private Limited, AB Mauri, and Sonnenveld.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of multigrain premix presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the multigrain premix based on Nature (Organic, Conventional), By Source (Wheat, Sorghum, Oats, Quinoa, Rye, Barley, Maize/Corn, Pulses) By Distribution Channel (Direct Sales, Indirect Sales) by End-User (Bars and Crackers, Bread, Biscuits and Cookies, Brownies and Cakes, Sweet goods) and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
Extensive Market Research: Complete Report and Findings
Segments:
By Nature:
- Organic
- Conventional
By Source:
- Wheat
- Sorghum
- Oats
- Quinoa
- Rye
- Barley
- Maize/Corn
- Pulses
By Distribution Channel:
- Direct Sales
- Indirect Sales
By End-User:
- Bars and Crackers
- Bread
- Biscuits and Cookies
- Brownies and Cakes
- Sweet goods
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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