Bakery Premixes Market: Current Analysis and Forecast (2022-2028)

Global Bakery Premixes Market is expected to grow at a significant rate of around 5% during the forecast period. The global bakery premixes market is anticipated to witness an uptick owing to the rise in disposable income, an emerging number of nuclear families, and the growing trend for ready-to-eat products. Further, the growing demand for ready-to-use food across the globe also acts as a growth catalyst for the bakery premixes industry as they have increased the demand for bakery products having unique textures and tastes. As per the U.S department of agriculture, In 2020, the food service and food retailing industries supplied about US$1.69 trillion worth of food. Furthermore, to cater to the growing demand for food across the globe, many of the industry players in the market are expanding their product portfolios by launching new products in the market. For example, in September 2022, GoodMills Innovation launched Vitatex Vegan-Snack-Mix, a premix for plant-based burgers and meatballs, as well as a savoury bakery and snack fillings.

London Dairy Co. Ltd, Kellogg Co., ADM, Corbion, Bakels Group, Cargill, Royal DSM, Glanbia PLC, Oy Karl Fazer AB, Puratos Group are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and innovative products.

Insights Presented in the Report

"Amongst type, complete mix category to witness higher CAGR during the forecast period"

Based on the type, the bakery premixes market is segmented into the complete mix, dough-base mix, and dough concentrates. The complete mix segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe owing to the growing preference for complete mixes in the food service industry as it serves as a cost-effective option for them. Therefore, the rapid growth in the food service sector will drive the growth of this segment in the upcoming years.

"Amongst application, the bread products to hold a significant share in the market in 2020"

Based on application, the market is fragmented into bread products and bakery products. The bread products segment is expected to grab a considerable market share in 2020 and is expected to grow with a lucrative CAGR during the forecast period as it is a staple food in various countries and has witnessed a demand for developing nations. Also, many bread manufacturers are focusing on developing innovative products such as gluten-free, whole grain, etc.

"North America to hold a significant share in the market"

North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as rising disposable income, changing consumer trends for bakery products and steady consumption of bread among the American population. Moreover, due to urbanization and the increase in the working population, the growth of out-of-home consumption is on the increase. As a result, it increases the demand for instant and nutritious bakery products among the population in the region. Thereby, boosting the bakery premixes market in the region.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The global bakery premixes market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements