Bakery Premixes Market Size
Global Bakery Premixes Market reached USD 228.8 million in 2022 and is expected to reach USD 343.2 million by 2031 growing with a CAGR of 5.2% during the forecast period 2024-2031. The primary driver for the bakery premixes market's expansion is the increasing demand for ready-to-eat foods and the availability of wide varieties of premixes.
Ready-made ingredients reduce the time of preparation of products and deliver high-quality products that meet the expectations of consumers. It usually contains portions of flour, improves, and grains to which other baking ingredients are added. Premixes are available in different varieties such as pastry premixes, muffin premixes, cookie premixes, donut premixes, pancake, and waffle premixes, and some others.
The growing popularity of nutritious foods among consumers is fueling the global bakery premixes market growth during the forecast period 2023-2030. For instance, in November 2020, The King Arthur Baking Company, a US-based company, launched a keto bakery premix named keto wheat flour blend that serves only 4g of net carbs per serving. which in turn, is estimated to drive the bakery premixes market demand.
Market Summary
| Metrics | Details |
| CAGR | 5.2% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Product Form, Type, End User, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Growing Demand for Bakery Products is Estimated to Drive the Bakery Premixes Market Growth.
Bakery mixes, cake premixes, and bread premixes are primary products in the growing market for bakery premixes products. With rising demand for bakery items made with natural ingredients, changing consumer lifestyles, increased interest in ready-to-eat foods, and convenience are driving the bakery premixes market growth.
Consumers are growing more knowledgeable about health and well-being. According to the Atlantic Healthy Food Ecosystem Report 2022, the consumption of bread and bakery products on average is 57 kg per person per year in Europe. Major rivals are working assiduously to meet this demand by expanding their product offerings and keeping consumers' health in mind.
Increasing Product Launches are Driving the Bakery Premixes Market Growth.
Increasing product launches are driving market growth. The popularity of bakery premixes is increasing as people are willing to buy ready-to-eat foods, as it consumes less time to prepare them. The bakery premixes are available in different varieties such as flour mixes, muffin mixes, cookie premixes, and some others. These products can likely raise market growth.
Major rivals are working assiduously to meet this demand by expanding their product offerings and keeping consumers' health in mind, which is driving the table butter market growth. For instance, in April 2022, Vitafoods, an Indian-based company launched a new product Stern vitamin premix composed of micronutrients. These kind of launches are helping in raising the demand for the global bakery premix market.
Over Consumption of Bakery Premixes Leads to Obesity which Impledes the Market Growth.
Many bakery premixes are high in calories and low in nutritional value, and also contain high levels of refined carbohydrates, added sugars, unhealthy fats, and artificial additives. Regular consumption of bakery premixes can lead to a lack of essential nutrients, dietary fibers, vitamins, minerals, and other beneficial components.
Overconsumption of bakery premixes can cause various adverse effects such as heart disease, diabetes, certain types of cancer, and obesity. The World Obesity Federation’s 2023 atlas predicts that 51% of the world, or more than 4 billion people, will be obese or overweight within the next 12 years. These factors are becoming restraints on market growth.
Market Segmentation Analysis
The global bakery premixes market is segmented based on product form, type, end user, and region.
In the Global Market of Bakery Premixes, the Powdered Premixes Segment Holds the Largest Market Share.
The global bakery premixes market has been segmented by product form into powder, paste, syrup, and gel. The powdered segment held the largest bakery premixes market share of 35.8% in 2022 in the bakery premixes market analysis report. Customers enjoy this since the freshness is maintained and the final formulas are leaner that is, they include less sugar and fat.
Other significant factors influencing the growth of the powdered premixes segment include reduces number of production stages during the baking process, no pre-hydration or pre-emulsification required, convenience, easy availability, longer shelf life, and some other factors help in driving the growth of global bakery premixes market.
Market Geographical Share
The North America Region Held the Largest Share of Bakery Premixes Market.
The global bakery premixes market is segmented into five parts of the world based on geography: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The North America bakery premixes market held the largest market share of 42.6% in 2022 in the bakery premixes market analysis.
According to Baker’s Associations in the United States, the U.S. per capita intake is estimated to be an average of 8.6 billion kilograms in 2022. This can be explained by the fact that the majority of households in this region eat bakery premixes such as bread, biscuits, pancakes, muffins, and others in their three-course meals. Growing consumer awareness of ready-to-eat, production of innovative bakery mixes, cake premixes, flour mixes, and bread premixes in this region is also anticipated to support market expansion.
Bakery Premixes Companies
The major global players in the market include Nestle S.A, Puratos Group, Bakels Group, Cargill, Oy Karl Fazer Ab, General Mills, Inc, KCG Corporation Co, Ltd, Archer Daniels Midland Company, Austrian Premix, and Manildra Group.
COVID-19 Impact on Market
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
The unprecedented COVID-19 pandemic in 2020 had a profound effect on the bakery premixes industry. Covid-19 has had a considerable impact on the phases of the global bakery premixes supply chain that involve bakery premixes production, processing, distribution, and consumption as a result of lockdowns and restrictions imposed by various governments.
Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry in the world, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence and could have an impact on interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.
The COVID-19 pandemic issue has had an impact on the bakery premixes industries as well. The COVID-19 pandemic is upending life, and the bakery processing sector is seeing an increase in trends like pancake and waffle mixes, and muffin premixes. The bakery premixes businesses are launching innovative programs, including donut premixes, cookie premixes, pastry premixes, and others. Which are readily available and simple to consume.
Key Developments
- In August 2021, BAKO Group a UK-based company launched a vitamin D premix that is used for making breads, rolls, and other bakery goods. This product is targeted at consumers who prefer products that help to boost their immune system.
- In 2021, Holista CollTech Limited, an Australia-based company, and Costanzo’s Bakery, Inc., a US-based company signed an agreement to manufacture Glycaemic Index (GI) clean-label white bread using Holista’s GI LiteTM technology.
- In June 2020, Miss Jones Baking Company, a California-based company, also launched an organic keto chocolate cake mix for the market. Other premix concepts such as "mug cake" also gained popularity in recent years.
Why Purchase the Report?
- To visualize the global bakery premixes market segmentation based on product form, type, end user, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of bakery premixes market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global bakery premixes market report would provide approximately 60 tables, 66 figures and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
