Baking Mixes Market Growth and Trends, Forecast 2022 by Top Key Players
[170 Pages Report] Baking Mixes Market research report categorizes the global market by Product Type (Bread, Cakes and Pastries, Biscuits and Cookies, Pizza Dough, Waffles, Muffins and Brownies, Pancakes, Frosting, Other Bakery Products), By Distribution Channel (Modern Trade, Departmental and Traditional Grocery Store, Convenience Stores, Online Channels, Other Retail Formats), By Region (North America, Latin America, Europe, Japan, APEJ, MEA).
[UKPRwire, Mon Sep 09 2019]
Baking Mixes includes the pre-mixed formulation of all the ingredients used to prepare various baked products. Some of the common ingredients used in the baking mixes are flour, baking soda, baking powder, salt, sugar, yeast, flavoring ingredients, and other ingredients depending on the type of baked product, for instance, leaving aside the common ingredients, additional baking mix ingredients for bread differ from the baking mix ingredients for cakes, muffins, etc. Most of the baking mixes are available in a powder form and require the addition of milk, water, cooking oil, eggs, etc.
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Rising number of consumers moving away from the artificial ingredients, sweeteners, and preservatives is resulting in the manufacturers focusing on developing or producing baking mixes using organic or natural sweeteners and ingredients. Hence, baking mixes including organic and gluten-free ingredients are more gaining traction.
Meanwhile, major market players are also investing in the research to offer new flavors and enhance the taste. With nutrition-focused and ingredient-focused ready to pay more for the quality product, baking mixes manufacturers are conducting quality-assurance testing of the product.
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Compared to the various baking mix products available in the market such as pizza dough baking mix, biscuits, and cookies baking mix, etc., bread baking mix is likely to emerge as one of the top-selling baking mix product. Bread baking mix is estimated to exceed US$ 1,700 million revenue by 2022 end. Although cakes and pastries are also likely to gain nearly one-fourth of the share in terms of the revenue by 2017 end.
Modern trade is likely to emerge as the biggest distribution channel for baking mix. By 2022 end, modern trade is estimated to exceed US$ 1,600 million value. Meanwhile, online distribution channels are also likely to experience moderate growth between 2017 and 2022. North America is likely to remain dominant in the global baking mixes market throughout the forecast period 2017-2022. Meanwhile, Europe and Asia Pacific Excluding Japan (APEJ) are also anticipated to witness growth in the baking mixes mark.
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