Global bakery
mixes market demand is anticipated to be valued at US$
5,912.3 Million in 2022, forecast to grow at a CAGR of 5.3% to
be valued at US$ 9,909.2 Million from 2022 to 2032. Growth is
attributed to increasing consumer preferences for ready-to-prepare food. From
2016-2021 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.
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.
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?
Read More: https://www.futuremarketinsights.com/reports/bakery-mixes-market