Global Bakery Premixes Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Bakery Premixes Market 2021 (Includes Business Impact of COVID-19)
Global Bakery Premixes Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global bakery premixes market report has been segmented on the basis of product, application, and region.
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The global Bakery Premixes market size was valued at USD$ 279.07 million in 2020 and is projected to reach UDS$501.10 million by 2030, and is anticipated to expand at a CAGR of 6.08% over the forecast period from 2020 to 2030.


Global Bakery Premixes Market: Introduction


Bakery premixes are ingredients mixed in the initial stage of the manufacturing of bakery based products. These premixes add color, taste, texture, and flavor to the bread and non-bread based products such as baking flour, white bread rolls, bread rolls, bakery improvers, donut, muffins, pastry, and cake.


Global Bakery Premixes Market: Dynamics
 

Growing demand for bakery products in developing and developed countries owing to changing eating habits is projected to drive the growth of the global bakery premixes market. Increasing demand for bread-based bakery products with different formulations in baking ingredients owing to changing consumer preference is projected to drive the growth of the global market over the next few years.

However, high initial investment coupled with requirement of skilled operators for these machines are some factors anticipated hinder the growth of the bakery premixes market.


Global Bakery Premixes Market: Segment Analysis


Among the product segments, the complete mix segment is projected to account a major share in the global market. Increasing demand for complete mix in commercial baking applications is expected to drive the growth of the segment. The dough-based premixes segment is projected to register moderate growth over the next few years. These type of pre-mixes need water, eggs, shortening, and other ingredients to prepare bakery products.

Among the application segments, the bread products segment is projected to register significant growth rate in the bakery premixes market. Growing demand for bread products such as whole-meal bread rolls, toast bread, white bread rolls, and specialty bread in developed countries is projected to drive the growth of the segment. The non-bread products segment is projected to register steady growth in the global market. Non-bread products include cakes, muffins, pancakes, pastries, and donuts.


Global Bakery Premixes Market: Regional Analysis


North America market is projected to contribute major share in the bakery premixes market in the upcoming years. Increasing demand for bakery products as a staple food in the countries in this region is estimated to boost demand for bakery premixes in North America. Strong distribution channel, and wide range of product availability, coupled with increasing preference for bakery products during festivals and special occasions is projected to augment the growth of the target market.

North America is estimated to be the major market for bakery premixes followed by the Europe market. The bakery premixes market in Asia Pacific is projected to grow significantly in the next few years. The growth of the Asia Pacific market is attributed to the growing bakery products industry. Shifting trend towards westernization in the region coupled with changing eating preferences of individuals is estimated to drive the growth of bakery premixes market in Asia Pacific. The Europe market is projected to grow at a moderate rate during the forecast period. Increasing demand for ready-mix products in the region0020is estimated to support the growth of the Europe bakery premixes market.

Global Bakery Premixes Market Segmentation:

Segmentation by Product:

  
Complete Mix
  
Dough-based Mix
  
Dough Concentrates

Segmentation by Application:

  
Bread Products
  
Non-Bread Products


Key Market Players included in the report:


  
ADM
  
Allied Mills
  
Bakels Group
  
Cargill
  
Corbion
  
Echema Technologies LLC
  
GK Ingredients
  
Incorporated
  
Ingridia
  
Karl Fazer Ab.
  
KCG Corporation
  
Lesaffre
  
Malindra Group
  
Midas Foods
  
Nestle
  
Nisshin Seifun Group Inc.
  
Oy Karl Fazer AB
  
Premia Food Additives (I) Pvt. Ltd.
  
Proteins Ltd.
  
PURATOS GROUP
  
Supreme Flour
  
Swiss Bake Ingredients Pvt. Ltd.
  
WATSON-INC


Below are the key development related to Bakery Premixes Market in 2020 and 2021.


August 2020: Glanbia acquires custom flavor designer Foodarom for $45M. Glanbia Nutritionals said the acquisition will strengthen the company’s flavor and nutritional solutions by expanding its ability to offer customers optimized ingredient system formulations and turnkey flavors. Source

April 2020: Cargill invests in start-up Bflike to help food manufacturers and retailers offer a new generation of plant-based meat and fish alternative products. Proprietary technology creates plant-based alternatives that look, feel and cook like their animal-based counterparts. Source