PUBLISHER: Orion Market Research | PRODUCT CODE: 1159339
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159339
Title: Global Bakery Premixes Market Size, Share & Trends Analysis Report by Type (Complete Mix, Dough-Base Mix, and Dough Concentrates), and by Application (Breads & Rolls, Cakes & Pastries, Biscuits & Cookies, Donuts & Muffins, and Others) Forecast Period (2022-2028).
The global bakery premixes market is anticipated to grow at a substantial CAGR of 8.5% during the forecast period. Bakery premixes consist of ingredients including portions of flour, enhancers, and grains to provide quick and convenient baking solutions. Other baking ingredients such as sugar, fat and milk powder are further added in these ready-made ingredients. Advantages of bakery premixes comprising, product consistency, reduced time of preparation, reduced labor, and inventory cost, decreased chances of incorrect weighing of raw materials are the major growth factors driving the global bakery premixes market. Bakery premixes reduce the time of preparation by lessening the number of tasks required for the production of bakery products and helps to deliver high-quality finished products in a short period. Bakery premixes are also responsible to provide taste, texture, and color to the bakery product and hence, are used to make baked products like cake, cookies, pastry, bread rolls, muffins, donuts and more. Due to their ability to reduce the time of preparation they are increasingly used in home cooking which is further driving the growth of the market. For instance, in 2022, Carr's Flour, announced the launch of artisan cake mixes. The range of artisan cake mixes is launched with five on-trend flavors: sumptuous, salted caramel cake, decadent chocolate cake, heavenly Victoria sponge, luscious lemon cake and delicious carrot cake. The new range of cake mixes has been specifically designed to be embellished by the baker at home.
The global bakery premixes market is segmented based on the type and application. Based on the type, the market is segmented into complete mix, dough-base mix, and dough concentrates. Based on the application, the market is sub-segmented into the breads and rolls, cakes and pastries, biscuits and cookies, donuts and muffins and others. The above mentioned segments can be customized as per the requirements. On the basis of application, breads and rolls segment is anticipated to hold a prominent share owing to its increased demand in developing countries and its wide application. Bread is well known to be a staple food product across several countries and has observed an increase in demand from developing countries. The demand for products like whole-meal bread rolls, white bread rolls, toast bread, and specialty bread with value additions such as gluten-free, whole grain, and organic are increasing in developed regions. Bakery premixes decreases the number of process and operations involved. Due to this, manufacturers are focusing on developing products which provides convenience to consumers, industrial-scale bakeries, and food service companies. For instance, in 2021, Wild About Bread launched new single-pack flavors and baking accessories. Wild About Bread offers a truly versatile mix with an easy way to make bakery-quality breads at home. The company offers bread mix kit and PrepPal mixing and proofing container that simplifies the bread making process at home.
Geographically the global bakery premixes market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these regions, the Asia-Pacific is anticipated to hold a considerable share in the market, owing to the rapidly shifting eating preferences of the population in the countries such as China, India, Singapore, and others. In these countries, the adoption of bakery premixes by bakeries and companies has been observed due to changing eating preferences of individuals in this region. Manufacturers in this region are inclining toward providing baking solutions which is further adding to the growing bakery industry of this region.
The major companies serving the global bakery premixes market include Archer Daniels Midland Co., Carr's Flour Mills Ltd., General Mills, KCG Corporation Co., Ltd, The Pillsbury Company, LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2019, Archer Daniels Midland Co. introduced a line of consistent, high quality and high performing organic flours. The new organic flour portfolio includes organic all-purpose flour and organic premium bread flour, with additional organic milled products coming soon.
Research Methodology
The market study of the global bakery premixes market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: