Baking Mixes Market Sauces Market Size to Reach USD 2,890.7 million by 2027 at 4.23% CAGR – Report by Market Research Future (MRFR)
Baking Mixes Market Trends and Insights Information By Product Type (Cookie & Biscuit Mixes, Cake, Pastry & Muffin Mixes, Bread Mixes and Others), By Category (Conventional, Gluten-Free), By End Use (Retail Consumers, Food Service), By Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores and Others], Non-Store Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Competitive Market Growth, Size, Share and Forecast to 2027
New York, US, Feb. 27, 2023 (GLOBE NEWSWIRE) — Baking Mixes Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), Baking Mixes Market Information By Product Type, Category, End Use, Distribution Channel, And Region – Forecast till 2027“; the market will reach USD 2,890.7 million by 2027 at a 4.23% CAGR.
Market Synopsis
For seasoned bakers, bakery mixes are convenient and reasonably priced. These are employed to guarantee the superior quality of bakery goods. The baking mix includes flour, edible oils, starches and derivatives, sweeteners, coca and cocoa, salt, protein, hydrocolloids, lecithin, and other nutritious substances. Over the course of the forecast period, the food and beverage industry worldwide is anticipated to contribute to the significant growth rate that the global market for baking mixes will have. Several significant food firms with sizable market shares are in the baking mix market. Due to word-of-mouth advertising, small businesses with a presence in regional and local markets also experience significant sales growth. Players in the baking mix market are focusing on product development and innovation.
Large food corporations working to create new baking mix lines have R&D infrastructure. This comprises baking mixes that adhere to dietary restrictions, younger consumers’ eating preferences, have less sugar, are dairy-free, and do not contain any rising agents. Packaged bakery premixes offer convenience to consumers, restaurants, and even large-scale bakeries. They not only reduce preparation time but also take the bother out of choosing ingredients. They also enable the quick preparation of reliable products. Due to increased customer preference for gluten-free bakery goods such as pieces of bread, cakes, muffins, and pastries due to increased health consciousness, the global market for baking mixes has increased. Additionally, it is anticipated that there will be a variety of alternatives on the market, including items with minimal calories, no cholesterol, and no added fat.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2027 | USD 2,890.7 million |
| CAGR | 4.23% |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product Type, Category, End Use, Distribution Channel, And Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing consumer preference in terms of flavor taste and freshness |
| People’s growing awareness and health concerns |
Market Competitive Landscape:
The illustrious contenders in the baking mixes market are:
- Associated British Foods plc (UK),
- Hain Celestial (US),
- Chelsea Milling Company (US),
- Keto and Company (US),
- Continental Mills, Inc. (US),
- Mondelēz International, Inc. (US),
- Bob’s Red Mill Natural Foods, Inc. (US),
- General Mills Inc. (US),
- Conagra Brands, Inc. (US),
- Dawn Food Products, Inc. (US)
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Market U.S.P. Covered:
Market Drivers:
Some key reasons propelling the global market for bakery mixes include the expanding food and beverage sector and the increased demand for bakery goods. The availability of baking mixes further boosts the business with an emphasis on nutrition and high-quality goods. Additionally, customers can purchase more baking and mixing products thanks to the rising per capita income. The worldwide bakery mix market is impacted by macroeconomic variables such as rising per capita income, globalization, and an increasing population. Other significant trends in the market for bakery mixes worldwide include the shift in eating patterns and the growing demand for organic and natural bakery products. The bakery mixes industry is expected to rise due to increased research and development into more nutrient-dense bakery mixes and new flavors and tastes.
Through the coming years, there will be a rise in demand for baking mixes due to technological advancement in processing methods and new approaches. Some of the main elements fueling interest in baking mixes amongst people of different age groups include their ease of use and storage. However, the market expansion for baking mixes may be hampered by the government’s tight standards for the quality of materials used in the production of bakery goods and consumers’ preference for cereals above baked goods. Nevertheless, it is anticipated that the shifting consumer lifestyles and preference for baking mix goods would present opportunities for manufacturers on the global market. Baking mixes are offered for a variety of baked foods, including cakes, biscuits, muffins, and bread. Baking mixes can be purchased in powder form and come with mixing and baking instructions on the box. Other reasons for the rising demand for baking mixes include the popularity of home baking and amateur cooks’ desire to experiment with baked goods. Baking mixes are simple to make and don’t require additional ingredients.
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Market Restraints:
The market for bread mixes offers a wide range of end uses, but many barriers could limit its expansion. The availability of more affordable substitutes, such as a preference for handcrafted recipes over ready-made mixes, could restrain the market expansion for bakery mixes.
COVID 19 Analysis
The market for baking mixes has recently experienced significant expansion, and it is anticipated that this trend will persist in the foreseeable future. People throughout the world have heavily embraced home baking for the fun of it amid COVID-19 and government-ordered nationwide lockdowns. Thanks to the accessibility to ready-to-use baking mixes, baking cakes, cookies, and muffins has become common in households.
Market Segmentation
By distribution channel, the market includes store-based and non-store based. By product type, the market includes cookie & biscuit mixes, cake, pastry & muffin mixes, and bread mixes. By category, the market includes conventional and gluten-free. By end use, the market includes retail consumers and food service.
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Regional Insights
In the market for baking mixes, Europe holds a sizable stake. Widespread home baking habits boost the region’s market for baking mixes among working people, particularly their usage of baking mixes. The country’s growing consumer embrace of a healthy lifestyle and the existence of a reputable food and beverage industry are likely to drive market expansion. Additionally, customers are genuinely interested in bread and buns as breakfast foods, which will keep driving market sales. Independently living elderly people in the area keep themselves busy at home by engaging in activities like baking and cooking. Baking mixes are simple to use and produce nearly flawless results quickly.
The market for bakery mixes in North America is expected to dominate the industry soon because of the region’s greater supply of organic and natural foods and beverages. Due to the always-expanding demand for bakery items, including bread, rolls, pastries, and other baked goods, the market for bakery mixes is expected to rise strongly during the next ten years. Asia Pacific is becoming a major region in the baking mix market. The baking mixes business is gaining from the quick increase in demand for simple-to-prepare foods brought on by changing lifestyles. After a stressful workweek, individuals and couples frequently spend much time in the kitchen on the weekends.
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