Baking Mixes Market Outlook Statistics, Dynamics, Segmentation By Forecast 2030
Market Overview
The Baking Mixes
Market is projected to reach a valuation of USD 2,890.7 million by 2027,
growing at a CAGR of 4.23% during the forecast period.
Businesses and
industrial facilities were forced to shut down because of the epidemic.
Consequently, demand for items decreased due to the halt in manufacturing. In
addition, the lack of workers impacted the economy as a whole. Many individuals
lost their jobs as a result of the outbreak. All the elements in the market
impacted the food and beverage sectors, and the Baking Mix Market
Insights was particularly affected. As a result, the
covid-19 epidemic reduced total market demand.
To make baked goods,
pre-mixed ingredients are combined. Baking mixes may be made both at home and
professionally. For example, baking cupcakes, biscuits, and waffles are a few
of their uses. Because of this, the user may produce the bakery item in much
less time, and it is in great demand because of its convenience of use and
plenty of goods.
Baking mix sales are
being propelled by consumer knowledge and health concerns, rising in
popularity. Diabetes affected 108 million individuals globally in 1980, but by
2014, the number had risen to 422 million, as reported by the World Health
Organization. Increasing health concerns have prompted consumers to seek out
better alternatives. Gluten-free, low-calorie, and sweetened with real fruit
and sugar-free baked goods may be made using baking mixes. Consequently, more
and more individuals are turning to these items, which will help the baking mix
Market flourish.
Market Segmentation
The global Baking Mixes
Market Outlook has been segmented based on various factors,
including product type, category, end-use, distribution channel, and region.
Capitalizing on the
rising popularity of cakes, pastries, and muffins, the cake, and muffin mix
sector is a lucrative product category for market participants. No of the
season or the reason for consumption, these delicious baked treats are always
welcome. On the other hand, the bread mix category is predicted to rise at a
significant pace throughout the forecast period.
Shops like
supermarkets and hypermarkets, drugstores, and other retail establishments make
up the store-based portion of the market economy. Supermarkets and hypermarkets
are predicted to be the fastest-growing category over the study period.
Convenience shops also carry a broad variety of baking mixes. It is anticipated
that non-store-based sales would grow faster over the review period.
Regional
Classification
Increasing consumer
interest in organic baking mixes in the United States and Canada is driving the
global bakery mix market in this area. The strong sales of organic foods and
drinks in North America and Western Europe are partly responsible for the
region's leading position in the worldwide bread mix industry. The rapid
expansion of bakery goods in the APEJ area is projected to impact the market
for APEJ bakery mixes substantially.
Global bakery mix
demand is predicted to be modest in the Middle East & Africa, and Latin
America, thanks to the region's moderate expansion in agriculture, industry,
and other sectors. Nevertheless, the worldwide bakery mixes industry is
expected to grow over several years.
Key Players:
Key Bakery Mixes Market
Players are Associated British Foods plc (UK), Hain Celestial (US),
Mondelēz International, Inc. (US), Bob's Red Mill Natural Foods, Inc. (US), General
Mills Inc. (US), Conagra Brands, Inc. (US), Chelsea Milling Company
(US), Keto and Company (US), Continental Mills, Inc.
US), Dawn Food Products, Inc. (US).
Industry News
With the release of
its SimPure 92260 soluble rice flour in October 2021, Cargill Inc. demonstrated
its ability to mimic maltodextrin, an ingredient often used as a bulking binder
and taste carrier, making it suited for usage in low-sugar bread items,
munchies, muesli & bars, powdered drinks, and convenient meals.
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