Meticulous Research®—a leading global market research company, published a research report titled, ‘Bakery Premixes Market by Type (Complete Mix, Dough Concentrate, Dough Base); Category (Conventional, Gluten-free); Application (Bread Products, Cakes & Pastries, Pancakes, Muffins, Biscuits & Cookies, Other Bakery Products) - Global Forecasts to 2029.’ According to this latest publication from Meticulous Research®, based on value, the bakery premixes market is projected to reach $547.8 million by 2029, at a CAGR of 6.7% from 2022 to 2029. The growth of the bakery premixes market is mainly attributed to the growing consumer demand for bakery products, the convenience of using multiple ingredients in a single product, increasing demand for fortified food products, and increasing urbanization and inclination towards convenience foods. However, an increase in the number of health-conscious consumers and high costs of bakery premixes products are expected to hinder the growth of this market to a notable extent.
The bakery premixes market is segmented by Type (Complete Mix, Dough Concentrate, Dough Base); Category (Conventional, Gluten-Free); Application (Bread Products, Cake & Pastries, Pancakes, Muffins, Biscuits & Cookies, and Other bakery products); and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on type, the baking premixes market is segmented into complete mix, dough concentrate, and dough base. In 2022, the complete mix segment is expected to account for the largest share of the bakery premixes market. Complete bakery mixes eliminate the need for extra ingredients and require less preparation time. These factors are attributed to the large market share of this segment.
Based on category, the bakery premixes market is segmented into conventional and gluten-free bakery premixes. In 2022, the conventional segment is expected to account for the largest share of the bakery premixes market. The large market share of this segment is mainly attributed to its easy availability and high preference in the bread segment.
Based on application, the bakery premixes market is segmented into bread products, cakes & pastries, pancakes, muffins, biscuits & cookies, and other bakery products. The bread segment is projected to register the highest CAGR during the forecast period of 2022–2029. The growth of this segment is mainly attributed to the rising bread consumption across the globe, growing preference for fast food along with changing lifestyles, and increasing consumer preference for healthy products, such as fortified and gluten-free. In addition, bread is a staple food in many countries and is experiencing high demand from developing regions such as Asia-Pacific and the Middle East & Africa.
This research report analyzes major geographies and provides a comprehensive analysis of North America (the U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (China, India, Japan, Australia, and RoAPAC), Latin America (Brazil, Mexico, Argentina, RoLATAM), and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the bakery premixes market. The large share of this market is mainly attributed to the huge demand for bakery products from the population in this region due to bakery products being their staple food for many decades, the region’s well-established food industry, rising preference for innovative food products, growing demand for gluten-free food products, and the presence of many key players.
The bakery premixes market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the bakery premixes market are Nestlé S.A (Switzerland), Puratos Group (Belgium), Bakels Group (Amsterdam), Cargill, Incorporated (U.S.), Oy Karl Fazer Ab (Finland), General Mills, Inc. (U.S.), Grupo Bimbo S.A.B.de C.V (Mexico), KCG Corporation Co., Ltd (Thailand), Archer Daniels Midland Company (U.S.), Austrian Premix (South Africa), and Manildra Group (Australia).
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