Bakery Premixes Market
Bakery Premixes Market Size, Share & Trends Analysis Report by Grade (Complete Mix, Dough-base Mix, Dough Concentrates), by Application (Bread & Rolls, Cakes & Pastries, Biscuits & Cookies, Donuts & Muffins, and Others) Forecast Period (2024-2031)
Bakery premixes market is anticipated to grow at a significant CAGR of 8.5% during the forecast period (2024-2031). Bakery premixes are a convenient and efficient baking solution that contains a blend of dry ingredients and base flour. Premixes can save time and money by reducing the amount of raw materials and preparation needed to make baked goods. With changing consumer lifestyles, the demand for customized bakery products with alterations in ingredients is increasing and hence, driving the global bakery premix market. The increasing trend of making bakery items at home with minimum effort is offering a lucrative opportunity for global market growth.
Market Dynamics
Growing Bakery Industry Globally
The demand for bakery products is increasing globally driven by factors such as population growth, changing lifestyles, rising disposable incomes, and the increasing popularity of convenience foods. Another key driver of growth in the bakery industry is the increasing demand for healthy and natural products. According to the government of Canada, baked goods retail sales in the US increased at a compound annual growth rate (CAGR) of 5.9% from 2018 to 2022, reaching $82.9 billion in 2022. It is expected to grow at a CAGR of 3.1% from 2023 to 2027, reaching $97.7 billion in 2026. Bread was the best-performing category from 2018 to 2022, with retail value sales increasing by a CAGR of 6.3%, reaching $30.0 billion. The growing bakery industry is creating a huge demand for bakery premixes to meet consumer demand in less time.
Growing Appetite for New Flavors
Research has shown that Indian consumers are yearning for a heightened level of flavor adventure from sweet bakery products, with 70.0% of consumers agreeing that the usual offerings in the bakery category are becoming boring. Furthermore, 79.0% of Indians agree that the introduction of novel flavors motivates them to consume sweet bakery products. Therefore, the introduction of bakery premixes with exotic flavors is likely to drive the opportunity for market growth.
Market Segmentation
- Based on the grade, the market is segmented into the complete mix, dough-base mix, and dough concentrates.
- Based on the application, the market is segmented into bread & rolls, cakes & pastries, biscuits & cookies, donuts & muffins, and others (bars).
Complete Mix Holds Major Share in the Global Market
The high use of complete mix in the food service and baking sector is a key factor driving the growth of this market segment. Complete mix is extensively preferred in the food service industry due to its ease of use and cost-effectiveness. It only requires adding water to the mix to form a batter which makes the process more cost-effective. The food service and commercial baking market is expanding both in developed and developing countries, which is anticipated to encourage bakery complete premixes manufacturers to enter this market. As a result, the food service industry is projected to be a key revenue generator for the complete mix segment.
Regional Outlook
The global bakery premixes market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Bakery Premixes Market Growth by Region 2024-2031
North America Region Holds Prominent Share in the Global Bakery Premixes Market
North American market is anticipated to hold a major share in the bakery premixes market owing to rising demand for bakery products such as bread and staple food products coupled with increased use of bakery products during occasions. According to the American Baker’s Association, the baking market in the US employs almost 800,000 skilled individuals, generates over $44 billion in direct wages, and has an overall economic impact of over $154 billion. Hence, increasing preference for bakery premixes in the US baking industry is projected to boost demand for bakery premixes in North America. The consumption of bakery products in countries such as the US and Canada is projected to be the highest owing to its wide consumption in the population's diet and during occasions.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global bakery premixes market include Archer Daniels Midland Co., Carr’s Flour Mills Ltd., General Mills Inc., KCG Corp., and The Pillsbury Co., LLC among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bakery premixes market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Market Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Archer Daniels Midland Co.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Carr’s Flour Mills Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. General Mills Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. KCG Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. The Pillsbury Co., LLC
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Bakery Premixes Market by Grade
4.1.1. Complete Mix
4.1.2. Dough-base Mix
4.1.3. Dough Concentrates
4.2. Global Bakery Premixes Market by Application
4.2.1. Bread & Rolls
4.2.2. Cakes & Pastries
4.2.3. Biscuits & Cookies
4.2.4. Donuts & Muffins
4.2.5. Others (Bars)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Corbion NV
6.2. Craft Company
6.3. G.K.INGREDIENTS (M) SDN BHD
6.4. Glanbia Nutritionals Inc.
6.5. Godiva Chocolatier, Inc.
6.6. HelioFood
6.7. IREKS U.K. Ltd.
6.8. Lesaffre
6.9. Limagrain Ingredients
6.10. MILLBÄKER SAS
6.11. Oy Karl Fazer Ab.
6.12. PA Food Company
6.13. Pondan
6.14. Premia Food Additives (I) Pvt. Ltd.
6.15. PT Gandum Mas Kencana
6.16. Swiss Bake Ingredients Pvt. Ltd.
6.17. SYNOVA
6.18. Tropilite Foods Pvt. Ltd.
6.19. TSK Hospitality LLP
6.20. Zeelandia
1. Global Bakery Premixes Market Research And Analysis By Grade, 2023-2031 ($ Million)
2. Global Complete Mix Bakery Premixes Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Dough-base Mix Bakery Premixes Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Dough Concentrates Bakery Premixes Market Research And Analysis By Region, 2023-2031 ($ Million)
5. Global Bakery Premixes Market Research And Analysis By Application, 2023-2031 ($ Million)
6. Global Bakery Premixes For Bread & Rolls Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Bakery Premixes For Cakes & Pastries Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Bakery Premixes For Biscuits & Cookies Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Bakery Premixes For Donuts & Muffins Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Bakery Premixes For Other Application Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Bakery Premixes Market Research And Analysis By Region, 2023-2031 ($ Million)
12. North American Bakery Premixes Market Research And Analysis By Country, 2023-2031 ($ Million)
13. North American Bakery Premixes Market Research And Analysis By Grade, 2023-2031 ($ Million)
14. North American Bakery Premixes Market Research And Analysis By Application, 2023-2031 ($ Million)
15. European Bakery Premixes Market Research And Analysis By Country, 2023-2031 ($ Million)
16. European Bakery Premixes Market Research And Analysis By Grade, 2023-2031 ($ Million)
17. European Bakery Premixes Market Research And Analysis By Application, 2023-2031 ($ Million)
18. Asia-Pacific Bakery Premixes Market Research And Analysis By Country, 2023-2031 ($ Million)
19. Asia-Pacific Bakery Premixes Market Research And Analysis By Grade, 2023-2031 ($ Million)
20. Asia-Pacific Bakery Premixes Market Research And Analysis By Application, 2023-2031 ($ Million)
21. Rest Of The World Bakery Premixes Market Research And Analysis By Region, 2023-2031 ($ Million)
22. Rest Of The World Bakery Premixes Market Research And Analysis By Grade, 2023-2031 ($ Million)
23. Rest Of The World Bakery Premixes Market Research And Analysis By Application, 2023-2031 ($ Million)
1. Global Bakery Premixes Market Share By Grade, 2023 Vs 2031 (%)
2. Global Complete Mix Bakery Premixes Market Share By Region, 2023 Vs 2031 (%)
3. Global Dough-base Mix Bakery Premixes Market Share By Region, 2023 Vs 2031 (%)
4. Global Dough Concentrates Bakery Premixes Market Share By Region, 2023 Vs 2031 (%)
5. Global Bakery Premixes Market Share By Application, 2023 Vs 2031 (%)
6. Global Bakery Premixes For Cosmetic Market Share By Region, 2023 Vs 2031 (%)
7. Global Bakery Premixes For Cakes & Pastries Market Share By Region, 2023 Vs 2031 (%)
8. Global Bakery Premixes For Biscuits & Cookies Market Share By Region, 2023 Vs 2031 (%)
9. Global Bakery Premixes For Donuts & Muffins Market Share By Region, 2023 Vs 2031 (%)
10. Global Bakery Premixes For Other Application Market Share By Region, 2023 Vs 2031 (%)
11. Global Bakery Premixes Market Share By Region, 2023 Vs 2031 (%)
12. US Bakery Premixes Market Size, 2023-2031 ($ Million)
13. Canada Bakery Premixes Market Size, 2023-2031 ($ Million)
14. UK Bakery Premixes Market Size, 2023-2031 ($ Million)
15. France Bakery Premixes Market Size, 2023-2031 ($ Million)
16. Germany Bakery Premixes Market Size, 2023-2031 ($ Million)
17. Italy Bakery Premixes Market Size, 2023-2031 ($ Million)
18. Spain Bakery Premixes Market Size, 2023-2031 ($ Million)
19. Rest Of Europe Bakery Premixes Market Size, 2023-2031 ($ Million)
20. India Bakery Premixes Market Size, 2023-2031 ($ Million)
21. China Bakery Premixes Market Size, 2023-2031 ($ Million)
22. Japan Bakery Premixes Market Size, 2023-2031 ($ Million)
23. South Korea Bakery Premixes Market Size, 2023-2031 ($ Million)
24. Rest Of Asia-Pacific Bakery Premixes Market Size, 2023-2031 ($ Million)
25. Rest Of The World Bakery Premixes Market Size, 2023-2031 ($ Million)
26. Latin America Bakery Premixes Market Size, 2023-2031 ($ Million)
27. Middle East And Africa Bakery Premixes Market Size, 2023-2031 ($ Million)
