Vegan Baking Mix Market

Vegan Baking Mix Market Outlook (2023 to 2033)

A new industry analysis by Fact.MR reveals that the global vegan baking mix market was valued at US$ 960 million in 2022. Worldwide sales of vegan baking mixes are forecasted to increase at a CAGR of 5.3% and reach US$ 1.68 billion by the end of 2033.

Vegan describes an ingredient that includes absolutely no components or byproducts from animals. It is processed solely with or with non-animal ingredients. Specialty baking, known as vegan baking, encompasses both sweet and savory foods that adhere to the stringent guidelines set forth by the vegan diet.

Today, vegan alternatives to classic bakery ingredients are available more easily than ever before. For instance, coconut milk, soy milk, and oat milk are used in place of animal milk. Tofu is used in place of cheese. The demand for vegan baking ingredients and ongoing industry research and development are all factors contributing to market expansion.

Vegan baking mixes are used to create a variety of goods that serve as healthy substitutes for artificial and processed foods and ingredients that are typically utilized in the baking sector. They do not include any animal products or by-products.

• Cakes & pastries are the most preferred end product, with a market revenue share of 32%. The consumption of cakes & pastries is being driven by shifts in consumer preferences and demand for high-end baked goods.
• As per the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), approximately 68% of people worldwide are lactose intolerant. The fact that milk is a common ingredient in cakes and pastries can limit market expansion, which increases consumer demand for vegan cakes and pastries.

When making cakes and pastries, biscuits and cookies, loaves of bread and rolls, and other foods, producers use plant-based baking mixes. The market for vegan baking mixes is expanding steadily due to a wide range of trends and preferences in new bakery recipes.

In many developed and developing countries throughout the world, high-end restaurants use vegan-certified cake mixes to create luxury baked goods. The increased demand for vegan baking mixes is also due to the population's propensity for vegan cuisine and the rising popularity of vegan dessert mixes among consumers.

Report Attributes	Details
Vegan Baking Mix Market Size (2023)	US$ 1 Billion
Projected Market Value (2033)	US$ 1.68 Billion
Global Market Growth Rate (2023 to 2033)	5.3% CAGR
Market Share of Flour (2023)	35%
United Kingdom Market Growth Rate (2023 to 2033)	6.5% CAGR
India Market Growth Rate (2023 to 2033)	7.5% CAGR
Germany Market Size (2033)	US$ 377.2 Million
Market Share of Cakes & Pastries (2023)	32%
Australia Market Growth Rate (2023 to 2033)	7.8% CAGR
Key Companies Profiled	Pamela's Products Simple Mills To Your Health Ener-G Foods Hodgson Mill Bob's Red Mill Dr. Oetker Kinnikinnick Foods Bakels Ingredion Lallemand Pak Group Kerry Group

Why is Vegan Baking Mix Demand Increasing Steadily across Regions?

“Growing Popularity of Veganism Driving Product Demand”

One of the main drivers of the global market expansion is the growing consumer acceptance of veganism. The advantages of probiotics are also becoming more widely known among consumers. Probiotics have been added to vegan baking ingredients. They are therefore essential to boosting vegan baking ingredient demand. The vegan bakery market is receiving attention as a result of growing research and development in vegan products, which has led to the development of technologies for creating vegan baking ingredients.

• 21 Michelin-star restaurants in Hong Kong are vegan- and vegetarian-friendly, according to the Vegconomist.

“Rising Health Consciousness and Shifting Dietary Preferences of Consumers”

Increase in global health awareness is supporting market expansion. Consuming items containing vegan baking mixes lower the chance of developing several chronic illnesses, including diabetes, heart disease, and cancer. Over the coming years, it is projected that ongoing advancements and the introduction of new products will present growth prospects for important market participants.

The market for vegan baking mixes is anticipated to develop due to rising health consciousness and shifting dietary preferences. Vegan diets are becoming more popular as a result of health consciousness because they are plant-based and among the healthiest diets, one can follow. By replacing snacks with meals that have healthy ingredients and nutritional value, many customers are adopting proactive measures to improve their nutrition.

“Rapid Innovations in Vegan Baking Mix Production Techniques”

Lack of functionality, texture, and mouthfeel that eggs give has made it difficult for the baking business to make high-quality vegan baked goods. The range of development for the baking sector is constrained by the lack of substances that might potentially substitute eggs in vegan baked goods.

Recent advances in the production of vegan baking mixes are gradually allowing bakeries to close the gap between vegan baked goods and standard bakery goods. Several businesses are striving to produce vegan baking mixes that could resemble the flavor and texture of baked goods.

• KaTech, a renowned producer of stabilizers and emulsifiers, recently announced the introduction of new baking concepts designed to overcome the drawbacks of vegan bakery ingredients.

Powdered egg replacers are being developed to provide improved texture since they can offer fluffiness and act as the medium needed to bond ingredients in baked goods. Producers of baking mixes are focusing on the creation of stabilizers that offer a superior mouthfeel and texture. According to estimates, there will be more developments to satisfy consumer's different needs and expand the growth of the vegan baking mixes market.

What is Hampering the Sales Growth of Vegan Baking Mixes?

“Stringent Laws and Regulations Governing Global Quality Standards for Food Products”

Demand for gluten-free baking mixes can be constrained by stringent laws and regulations governing global quality standards for food products. Vegan cakes occasionally can end up being heavier than traditional cakes because there are no eggs in them.

Eggs are regularly used in the preparation of cakes, which helps create their airy, fluffy structure. Additionally, not all vegan cakes are nutritious. Since the majority of these vegan confectionery items are highly processed and packed with sugar and calories. Additionally, they contain low-quality ingredients and could contain unhealthy fats.

Many people struggle with making the switch from animal-based to vegan diets because of a variety of conditions, including zinc and B12 deficiencies and allergies to soy and nuts. This population is less likely to go vegan in the future, which can discourage their exploration of vegan baked goods.

How are New Companies Contributing to Market Growth?

“New Manufacturers Offering Gluten-free Bread, Baking Mixes, and Flour Blends”

Traditionally, gluten-containing flour is used to make bread and other baked goods. However, the options are still relatively restricted for those who have a wheat allergy or gluten sensitivity. So, using alternative flour such as almond flour, arrowroot flour, and more, businesses are creating gluten-free bread while preserving the flavor of regular bread. For busy families that wish to make delectable yet nutritious sweet treats, new entrants provide vegan and gluten-free baking mixes.

• Panista, a German start-up, sells gluten-free bread and flour blends. To create gluten-free bread and baking mixes, the firm offers bread produced with teff flour, potato starch, buckwheat flour, and other ingredients. This preserves the classic flavor of bread and other foods while offering persons with gluten intolerance alternate baking options.
• A start-up based in the United States, Coconut Whisk offers gluten-free baking mixes. They are easy to prepare and free of artificial additives or preservatives. A start-up strives to make tasty yet healthier items, such as vegan cookies, pancakes, and mug cakes.

Country-wise Insights

Why is India the Frontrunner in the Worldwide Consumption of Vegan Baking Mixes?

“Increasing Prevalence of Celiac Diseases in India”

• The vegan baking mix market in India is valued at US$ 269.6 million in 2023.

Rising prevalence of celiac disease and the high adoption of a healthy lifestyle among residents are driving market growth. Additionally, a sharp increase in incidences of allergies and other illnesses linked to gluten is projected to fuel the revenue of the vegan baking mix market.

Presence of premium vegan baking mix brands, an increase in vegan bakeries, and growing disposable income are the factors supporting market expansion. The market is being driven by rising living standards and shifting dietary choices and a rise in bakery product consumption.

Will the United Kingdom Be a Profitable Market for Vegan Baking Mix Producers?

“Market Benefiting from Rapid Expansion of Food Industry in the Country”

• Sales of vegan baking mixes in the United Kingdom are estimated to reach a market value of US$ 367.2 million by 2033.

Demand for vegan baking mixes is being driven by the rising popularity of home baking. Among millennials and Generation Z, vegan gluten-free brownie mixes, vegan brownie mixes, and vegan cupcake mixes are highly popular.

Vegan baking mixes are being used in the food business to satisfy the needs of a large base of customers. Additionally, the food sector is focused on food innovation and modernization to fulfil the demands of vegan consumers. Even though the market is established in the United Kingdom, there are still many opportunities in the vegan baking mix business.

Category-wise Insights

Which Product is Leading in Terms of Revenue Generation?

“Flour Widely Used in Bakery Products Due to its High Vitamin & Mineral Content and Antioxidant Qualities”

Based on product, the market is divided into flour, oils, sweeteners, flavoring agents, and others.

• Flour is dominating the global market, holding 35% share due to the widespread use of bakery products including cookies, cakes, breads, and biscuits.

Increasing popularity of flour is a result of business product advancements. It is inelastic and appropriate for cookies and cakes since it has an average of 9% to 12% protein. Key businesses are developing numerous types of vegan flour, including teff, sorghum, buckwheat, and almond flour. In addition to being gluten-free, the flour is also high in vitamins, minerals, and antioxidants.

Competitive Landscape

Top vegan baking mix producers are focusing on product standards, increasing their production capacity, developing new, fresh products, and bolstering their distribution networks to grow their global reach in the market. They are focusing on new developments, quality control, and supply chain management to increase their revenue.

For instance :

• Ingredion produced a ground-breaking product called Potex to improve the texture and freshness of the bread product. It is formed of fibers from potatoes.

Key Segments of Vegan Baking Mix Industry Research

• By Product :

  • Flour
  • Oils
  • Sweeteners
  • Flavoring Agents
  • Others

• By End Product :

  • Cakes & Pastries
  • Breads & Rolls
  • Biscuits & Cookies
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa