Global bakery mixes market demand is anticipated to be valued at USD 6,175.3 million in 2023, forecast to grow at a CAGR of 5.2% to be valued at USD 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.
| Data Points | Key Statistics |
|---|---|
| Projected Growth Rate (2023 to 2033) | 5.2% CAGR |
| Expected Market Value (2023) | USD 6,175.3 million |
| Anticipated Forecast Value (2033) | USD 10,300.3 million |
Bakery mixes are easy to use and cost-effective ingredients for professional bakers. These are used to ensure the high quality of 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 the global food and beverages industry over the forecast period.
Packaged bakery premixes provide convenience for consumers, food service operations, and even industrial-scale bakeries. Not only do they save preparation time, but they also eliminate ingredient-selection hassles. In addition, they allow rapid preparation of consistent products.
The global bakery mixes market is expected to witness lucrative growth over the forecast period, owing to increased demand for bakery products and increased consumption of bread products.
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Increasing Demand for Natural and Organic Bakery Products Drives the Growth of the Market
The 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 mix market include increasing population, globalization, increasing per capita income, etc. The changing food habits and high demand for natural and organic bakery products are other important factors trending in the global bakery mixes market.
An increase in research and development to improve the nutrition-rich bakery mixes along with different flavors and tastes boosts the growth of the bakery mixes market in forecasting years. Technological development in processing methods and new techniques are being developed to make bakery mixes this will increase the demand for the market through forecasting years.
Increasing Preference for Homemade Recipes May Hamper the Growth of the Market.
Although the bakery mixes market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The availability of other low-cost alternatives, like a preference for homemade recipes over ready-made mixes, may hinder the growth of the bakery mixes market. With increasingly complex rules and regulations, bakery mixes manufacturing companies are focusing on producing creative and innovative products. Also, the shortage of raw materials and disturbed supply chain may limit the growth of the bakery mixes market in the forecasting year.
Growing Demand for Easy-To-Prepare Food to Boost the Growth of the Baking Mixes Market
North America was the largest market for bakery mixes market, and the trend is expected to continue into the forecast period owing to the high preference for homemade baked goods in the region. The increase in disposable incomes of middle-class households in the region leads to convenient and healthier lifestyles expected to augment the bakery mixes market.
The North American bakery mixes market is predicted to lead the sector in the coming days due to the region's high demand for natural and organic food and beverages. North America accounts for a total of 35.7% global bakery mixes market share. Demand for bakery mixes is high here due to the continuously rising consumption of bakery products such as bread, rolls, cakes, and others, which is likely to positively impact bakery mixes market growth throughout the decade.
Presence of Well-Established Bakery Industry in Europe to Provide Opportunity for The Growth of the Market
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the bakery mixes market due to the growing number of bakeries in the region. Europe's bakery premix market accounts for a 29.8% share of the total global market.
The presence of a well-established food & beverages industry, coupled with the increasing adoption of a healthy lifestyle by consumers within the country, is expected to propel the growth in the market. In addition to this, consumers are showing interest in bread and rolls as breakfast meals, which will continue pushing sales in the market.
For instance, in July 2020 - A new baking center was installed at Bakels Sweden. Bakels Sweden has completed the installation of the latest Baking Centre in the Bakels Group. The Baking Centre consists of three fully equipped test bakeries and a laboratory for testing and developing products. The bakeries are equipped with deck ovens, rack ovens, different kinds of mixers, dough dividers, and a TFT mixer for testing continuous line production.
Growing Preference for Baking Goods in The Region to Boost the Sales of Bakery Mixes Market
In terms of year-on-year growth, the said market share in the Asia Pacific region is the best-performing portion, as per the new research report on the global bakery mixes market. Due to new technological advancements, and a rise in bakery exports, the Asia Pacific bakery mixes market is experiencing the fastest growth.
The regional market expansion can be attributed to the increasing disposable income among developing countries such as India, China, and Japan. Japan and China are the two most important contributors to the rising growth rate.
Amrut International, Chef Zone International Ltd, Slurrp Farm, and SureBake are some of the start-up companies operating in the bakery mixes market.
Some of the key participants present in the global bakery mixes market are Cargill Inc., Archer Daniels Midland Company, Bakels Worldwide, Swiss Bake Ingredients Pvt. Ltd., Allied Mills Pty Ltd., Watson Inc., Mahindra Group, Puratos Ltd., Lesaffre SA, Echema Technologies, LLC, Pillsbury Company, LLC, King Arthur Flour Company, Inc., Pamela’s Products Inc., and Enhance Proteins Ltd. among others.
The market is highly competitive due to the presence of such a large number of participants. While global players such as Cargill Inc., Archer Daniels Midland Company, Bakels Worldwide, Swiss Bake Ingredients Pvt. Ltd., Allied Mills Pty Ltd., and Watson Inc. account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
Recent Developments
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2023 to 2033 |
| Expected Market Value (2023) | USD 6175.3 million |
| Anticipated Forecast Value (2033) | USD 10,300.3 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Source, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Oceania; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Mexico, Brazil, Germany, Italy, United Kingdom, Spain, France, Russia, BENELUX, China, Japan, South Kore, India, Thailand, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Cargill Inc.; Archer Daniels Midland Company; Bakels Worldwide; Swiss Bake Ingredients Pvt. Ltd.; Allied Mills Pty Ltd.; Watson Inc.; Mahindra Group; Puratos Ltd.; Lesaffre SA; Echema Technologies, LLC; Pillsbury Company, LLC; King Arthur Flour Company, Inc.; Pamela’s Products Inc.; Enhance Proteins Ltd. |
| Customization | Available Upon Request |
The total sales of in the current year 2023 could be close to USD 6,175.3 million.
The overall demand to rise at 5.2% CAGR through 2033.
Changing food habits on a global level might create a market value of USD 10,300.3 million by 2033.
North America with 35.7% market share could remain at the top position through 2033.
The food & beverages segment could generate around 40% of the total market demand.
Bakery Mixes Market
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