Bakery Premixes Market Share, Size, Trends, Industry Analysis Report, By Type; By Application; By Region; Segment Forecast, 2024 - 2032
- Published Date:Jan-2024
- Pages: 119
- Format: PDF
- Report ID: PM4287
- Base Year: 2023
- Historical Data: 2019 – 2022
Report Outlook
Bakery Premixes Market size was valued at USD 299.72 million in 2023. The market is anticipated to grow from USD 312.01 million in 2024 to USD 436.28 million by 2032, exhibiting a CAGR of 4.3% during the forecast period.
Product innovations, technological advancements, and the introduction of regulatory policies have been detailed in the report to enable businesses to make more informed decisions. Furthermore, the impact of the COVID-19 pandemic on the Bakery Premixes Market demand has been examined in the study. The report is a must-read for anyone looking to develop effective strategies and stay ahead of the curve.
Bakery Premixes Market Overview
The surging demand for secured food products, the convenience of utilizing numerous ingredients in a single product, the increasing consumer demand for bakery products, and the rising urbanization and the leaning towards convenience foods are driving the growth of the bakery premixes market.
Bakery premixes are blends of ingredients that are made carefully to provide quick and hassle-free baking solutions. Typically, bakery establishments stock basic baking ingredients, such as sugar, salt, milk, and honey. Customers can personalize their creations by adding these basic ingredients. The primary advantage of using bakery premixes is that they significantly reduce baking time by streamlining the production process.
- For instance, In June 2022, King Arthur Baking Company, located in the United States, launched the keto wheat flour blend, a keto bakery premix with only 4g of net carbs per serving.
This enables individuals to prepare bakery goods quickly at home. Additionally, bakery premixes, often referred to as ready-to-use food products, have witnessed increased demand in the market due to their convenience. Primarily, these premixes deliver high-quality finished foods.
Bakery premixes are blends of ingredients prepared for the production of bakery items. Constituting 40-60% of the final product, these premixes typically require the addition of only flour. Comprising elements like flour, baking powder, baking soda, and additives, bakery premixes serve as versatile substances employed in the creation of a variety of baked goods, including cakes, pastries, rolls, bread, and more.
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Bakery premixes are a combination of ingredients that are used in the manufacturing process to improve product consistency and minimize the risk of errors in measuring raw materials. This results in manufacturers benefiting from reduced labor and inventory costs. To meet the increasing demand for personalized products, manufacturers are now using blends of various premixes in the preparation of bakery goods. The use of baking premixes also helps to extend the shelf life of the final products.
Bakery premixes have gained widespread acceptance due to their inherent convenience and time-saving benefits for both home and professional bakers. This factor plays a crucial role in meeting changing consumer demands and lifestyles and transforming the baking industry. Bakery premixes simplify baking by providing pre-measured and pre-blended ingredients in a single, convenient package. This eliminates the need for bakers to gather and measure individual ingredients such as flour, leavening agents, and flavorings, thereby saving significant time during preparation. This time-efficient solution is particularly helpful for busy individuals who have limited time to devote to intricate baking procedures.
The growing awareness of gluten intolerance and food allergies has shifted consumer preferences, resulting in a significant increase in demand for gluten-free and allergen-free bakery products. Bakery premix companies have the opportunity to tap into this expanding market by introducing innovative formulations that cater to individuals with dietary restrictions, thereby providing a diverse range of inclusive options. To replicate the structure and texture of traditional baked goods, gluten-free bakery premixes use alternative flour and binders. Gluten-free formulations frequently use common ingredients such as rice flour, almond flour, coconut flour, and tapioca starch. Manufacturers have the freedom to experiment with various combinations in order to achieve an optimal balance of flavor and texture, ensuring that the final product outpaces the customer's expectations.
The COVID-19 pandemic has significantly impacted the bakery premixes market. The production and distribution of bakery premixes have been negatively affected by lockdowns, supply chain disruptions, and other restrictions. Commercial demand for bakery premixes has decreased due to the closure of food service establishments, such as cafes and restaurants. Additionally, changes in consumer behavior and economic uncertainty have influenced purchasing patterns, resulting in a temporary slowdown in overall market growth.
The COVID-19 pandemic has caused a surge in home baking. As people are spending more time at home and seeking comfort in cooking and baking, there has been a noticeable rise in the demand for bakery premixes. Consumers are increasingly using ready-to-use premixes to simplify the baking process, leading to a significant increase in retail sales. This shift in demand has caused a transition from the commercial sector to retail and e-commerce channels.
Bakery Premixes Market Dynamics
Market Drivers
- Growing demand for bakery premixes will drive the growth of the market
The growing demand for bakery products will drive the market’s growth. The food industry is expanding both in the developing and developed nations. Food service providers are increasingly adopting bakery premixes due to the growing preference for convenient and time-saving solutions. These premixes consist of pre-measured and premixed combinations of essential baking ingredients, which streamline the baking process and reduce preparation time. By reducing the possibility of errors, bakery premixes offer a practical solution to meet the rising demand for freshly baked goods in the dynamic and fast-paced environment of the food service industry, where efficiency is crucial.
Moreover, the consistent quality and consistent taste offered by bakery premixes enhance customer satisfaction, leading to recurring business for food service providers. As the industry advances, the increasing dependence on bakery premixes is anticipated to be a significant factor in the market, promoting convenience and improving operational efficiency significantly.
Market Restraints
- Less number of skilled workforce hindering the growth of the market.
The bakery premixes market is facing a significant challenge in its growth trajectory due to a need for more skilled labor. Bakery premixes are in high demand because they provide convenience and consistency in the baking process. However, the industry is in need of more skilled professionals who possess the necessary expertise in handling and utilizing these premixes. The intricate nature of bakery operations requires a workforce with specialized knowledge to ensure the quality and taste of the final products. A lack of skilled workers not only hampers production efficiency but also innovation and development of new and improved bakery premix formulations.
Report Segmentation
The market is primarily segmented based on type, application, and region.
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Bakery Premixes Market Segmental Analysis
By Type Analysis
- The complete mix segment held the largest revenue share in 2023. complete mix is primarily used in commercial baking applications. Bakery premixes consist of a combination of ingredients together with the necessary ingredients required. A complete mix is a prepared combination that contains all of the ingredients needed to make a specific baked item, with only a few extra ingredients required. The rising availability of complete mix, which is incorporated with classic flour, is fostering the growth of the complete mix segment.
- Dough-Base Mix witnessed the fastest growth in the baking premixes market. The dough base mix ensures uniform quality in the products by incorporating a carefully balanced combination of key ingredients. Moreover, the mix allows for customization, allowing bakers to add specific flavors or ingredients to meet the needs of their recipes. In essence, the dough base mix serves as a dependable foundation, allowing bakers to achieve consistent and delicious results while retaining the freedom to personalize their creations.
By Application Analysis
- Based on the application the market has been segmented on the basis of bread products, bakery products. The bread products segment accounted for the largest share of the market and will likely hold its dominance during the forecast period. In developed nations, the consumption of bread products is high. The demand for a variety of breads is increasing day by day. Ethnic bread is becoming increasingly popular due to its fusion with authentic delicacies from various regions and its availability to more consumers due to advancements in manufacturing. There is a growing demand for bread enriched with oats, bran, and oil seeds, and packaged and sliced bread is gaining preference, especially in developed countries. Predictions suggest an increase in demand for bread featuring whole grains, high-fiber, and Omega-3 content, driven by ongoing product innovations and emerging health-related trends.
- Bakery products have witnessed the fastest growth in the bakery premixes market. The bakery industry is experiencing growth in various regions, leading to a significant demand for bakery products. Modern advancements in bakery production have resulted in a flurry of innovative technologies, resulting in the creation of a diverse range of products. This includes items such as pearl millet bread, Ezekiel bread, homemade chocolate, gluten-free orange cake, and sprouted corn tortillas, demonstrating the changing landscape of baked goods.
Bakery Premixes Market Regional Insights
- North America dominated the largest market in 2023
North America dominated the largest market in 2023 due to a busy lifestyle associated with fast urbanization and an increase in demand for ready bakery food products in the region. The demand for bakery premixes is on the rise in North America as more people are seeking convenient and time-saving baking solutions. The baking industry in the United States is growing, with a strong focus on innovation and product differentiation. The increasing consumer awareness of health and wellness is also driving the demand for premixes that contain wholesome ingredients and provide nutritional benefits.
The European bakery premixes market is anticipated to grow over the forecast period due to increasing demand for baked goods in European countries driven by changing eating habits. This creates a lucrative opportunity for manufacturers to extend their operations in Europe. The market is anticipated to thrive in the coming years, fueled by consumer preferences for diverse formulations in baking ingredients for bread-based bakery products. The growing demand for customized bakery items with various formulations is a significant driving force for the growth of the European Bakery Premixes market, reflecting the changing tastes of consumers.
Competitive Landscape
The market is characterized by intense competition, with established players relying on advanced technology, high-quality products, and a strong brand image to drive revenue growth. These companies employ various strategies such as research and development, mergers and acquisitions, and technological innovations to expand their product portfolios and maintain a competitive edge in the market.
Some of the major players operating in the global market include:
- ADM
- Bakels Worldwide
- Cargill, Incorporated
- Corbion
- DSM
- KCG Corporation Public Company Limited
- Manildra Group
- Nestle
- Nisshin Seifun Group Inc.
- Oy Karl Fazer Ab.
- Pondan
- Premia Food Additives (I) Pvt. Ltd. (India)
- Puratos
- Synova
Recent Developments
- In January 2022, Puratos an Belgium based company has acquired Profimix, a provider of bakery and confectionery products based in the Czech Republic.
Report Coverage
The Bakery Premixes market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, type, applications, and their futuristic growth opportunities.
Bakery Premixes Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 312.01 million |
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Revenue forecast in 2032 |
USD 436.28 million |
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CAGR |
4.3% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Type, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
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