Baking Mixes Market Research Report—Forecast till 2026
Global Baking Mixes Market is anticipated to exhibit a healthy CAGR of 4.23% to reach USD 2,890.7 Million during the review period. Baking mixes are instant premixes of bakery products which are used to prepare cookie & biscuit, pastry & muffin, and bread. These mixes are also known as instant bakery mixes because they save time cooking. The growth of the global market is attributed to the increased consumption of bakery products and the overall growth of the bakery industry. Furthermore, the rapidly evolving consumer preferences for product varieties in terms of taste, flavors, and freshness are expected to propel global market growth by 2026.
Global Baking Mixes Market is estimated to exhibit a significant growth rate during the review period owing to the growing demand for ready-to-eat food and convenience food is supporting the expansion of the global baking mixes market on a global platform. The increasing preference for organic and clean label baked products is expected to create profitable growth opportunities for baking mix manufacturers during the forecast period. Additionally, stringent government regulations on environment restrictions are limiting the growth of the global baking mix market.
Global Baking Mixes Market has been categorized into Product Type, Category, End-Use, and Distribution Channel.
Based on Product type the global market has been classified into Cookie & Biscuit Mixes, Cake, Pastry & Muffin Mixes, Bread Mixes, and Others. By Category segment, the market is bifurcated into Conventional and Gluten-Free.
Based on the End-Use segment the Global Baking Mixes Market is classified into Retail Consumers and Food Service. By Distribution Channel the market has been divided into Store-Based and Non-Store Based. The Store based segment has been further segmented into Supermarkets & Hypermarkets, Convenience Stores, and Others.
The geographic analysis of the global Baking mixes market research report has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
North America is expected to register the highest market owing to the largest market share of 45.63% of the global baking mix market in 2019. The regional market growth is driven by the rising consumer inclination towards baked products. Furthermore, the rising working population in North America and the increasing preference for convenience are expected to propel sales of baking mixes during the review period. Europe is expected to register the substantial market growth of baking mixes during the forecast period. The consumers in Europe are opting for healthy bakery products inclusive of whole grain, high fiber content, and gluten-free. Additionally, the rising consumer inclination towards convenience foods due to busy lifestyles is anticipated to propel the European baking mixes market during the review period.
The Key Players operating in the Global Baking Mixes Market include General Mills Inc. Chelsea Milling Company (US), Associated British Foods plc (UK), Mondelēz International, Inc. (US), (US), Conagra Brands, Inc. (US), Bob’s Red Mill Natural Foods, Inc. (US), Hain Celestial (US), Keto and Company (US), Continental Mills, Inc. (US), and Dawn Food Products, Inc. (US).
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