Global baking mixes market is likely to experience moderate CAGR of 4% during the forecast period. The baking mixes market is estimated to reach US$ 5,893.3 million revenue towards 2022 end.
Baking Mixes includes the pre-mixed formulation of all the ingredients used to prepare various baked products. Some of the common ingredients used in the baking mixes are flour, baking soda, baking powder, salt, sugar, yeast, flavoring ingredients, and other ingredients depending on the type of baked product, for instance, leaving aside the common ingredients, additional baking mix ingredients for bread differ from the baking mix ingredients for cakes, muffins, etc. Most of the baking mixes are available in a powder form and require the addition of milk, water, cooking oil, eggs, etc.
Rising number of consumers moving away from the artificial ingredients, sweeteners, and preservatives is resulting in the manufacturers focusing on developing or producing baking mixes using organic or natural sweeteners and ingredients.
Hence, baking mixes including organic and gluten-free ingredients are more gaining traction. Meanwhile, major market players are also investing in the research to offer new flavors and enhance the taste. With nutrition-focused and ingredient-focused ready to pay more for the quality product, baking mixes manufacturers are conducting quality-assurance testing of the product.
Offering convenience, due to the reduced preparation time and all-in-one ingredient formulation are some of the factors resulting in the popularity of baking mixes among consumers.
However, rising concern towards the health and preference for natural and organic food products is one of the major factor hampering the growth of the global baking mixes market.
Bread Baking Mix- Top-Selling Product
Compared to the various baking mix products available in the market such as pizza dough baking mix, biscuits, and cookies baking mix, etc., bread baking mix is likely to emerge as one of the top-selling baking mix product. Bread baking mix is estimated to exceed US$ 1,700 million revenue by 2022 end. Although cakes and pastries are also likely to gain nearly one-fourth of the share in terms of the revenue by 2017 end.
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Highest Distribution of Baking Mix through Modern Trade
Modern trade is likely to emerge as the biggest distribution channel for baking mix. By 2022 end, modern trade is estimated to exceed US$ 1,600 million value. Meanwhile, online distribution channels are also likely to experience moderate growth between 2017 and 2022.
North America to Dominate the Global Baking Mixes Market
North America is likely to remain dominant in the global baking mixes market throughout the forecast period 2017-2022. Meanwhile, Europe and Asia Pacific Excluding Japan (APEJ) are also anticipated to witness growth in the baking mixes market. Growth in disposable income and rising population are a few factors contributing to the growth of the market in APEJ region.
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The report also profiles companies that are expected to remain active in the expansion of global baking mixes market through 2022, which include
- Cargill Inc.
- General Mills Inc.
- Pinnacle Foods Inc.
- Chelsea Milling Company
- Ingredion Incorporated
- Associated British Foods plc
- Archer-Daniels-Midland Company
- Bob's Red Mill Natural Foods Inc.
- Hain Celestial Group Inc.
- Dawn Food Products Inc.
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Baking mixes are the ingredients used for making baked food products. Baking mixes are being used to save the time. However, with increasing health consciousness among consumers, manufacturers are producing baking mixes that are gluten-free and are made using wheat or rice flour, they are also using natural sweeteners in baking mixes.
New flavors are also being introduced. Quality assurance is also becoming an important part of the baking mixes market. Hence manufacturers are conducting quality test to check if ingredient are added in correct proportion. This report, published by Fact.MR, provides in-depth analysis of the global baking mixes market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global baking mixes market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Baking mixes manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to baking mixes.
The report commences with a brief information of the global baking mixes market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global baking mixes market.
The next section offers an overview of the global baking mixes market. This comprises an introduction to the market, along with a standard definition of the product – baking mixes. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global baking mixes market, the report provides updates about market opportunities, which can benefit leading manufacturers of baking mixes.
With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for baking mixes manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report on the global baking mixes market provides in-depth and segment-wise analysis. The global market for baking mixes is segmented on the basis of product type, distribution channel, and region. This segment-wise analysis also offers detailed country-wise forecast on all the major parameters of the baking mixes market.
The report’s last section comprises of the global baking mixes market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global baking mixes market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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