Baking Mixes Market: North America to Dominate the Global Baking Mixes Market

Posted on 2019-02-06 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Feb-06 — /EPR Network/ —

According to the report compiled by Fact.MR, the global baking mixes market is expected to witness moderate growth. The market is projected to increase to 4.0% CAGR during the forecast period 2017-2022. Due to the convenience offered by baking mixes, increasing number of consumers are using baking mixes. It also eliminates the need to buy individual ingredients, thereby saving the cost. Below are some of the insights on how the global baking mixes market will perform in the next five years.

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Providing convenience and saving time and cost, baking mixes are being used by consumers for preparing baked food items at home. Manufacturers of baking mixes are also focusing on formulating the baking mix using ingredients that are somewhat close to the finished bakery product. Meanwhile, with customers becoming health-conscious, manufacturers have started using natural and gluten-free ingredients and sweeteners to cater to the needs of the customers. Hence, the trend of providing baking mixes that can be in a phase with consumer health interest is on a rise. Along with the ingredients, flavors are also playing an important role in baking mixes. With the desire of the consumers to try new flavors, manufacturers are infusing exotic flavors into baking mixes. Meanwhile, fruit, chocolate, vanilla, and cinnamon are some of the classic flavors that continue to hold their position in the baking.

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Bread Baking Mix- Top-Selling Product

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.

Among various baking mix products, bread baking mix is expected to be one of the most preferred baking mix product. Bread baking mix is projected to reach nearly US$ 1,800 million revenue by the end of 2022. Meanwhile, cakes and pastries baking mixes are also expected to witness above-average growth during the forecast period 2017-2022.

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Highest Distribution of Baking Mix through Modern Trade

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.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global baking mixes market through 2022, which include Cargill Inc., General Mills, Inc., Pinnacle Foods Inc., Chelsea Milling Company, Ingredion Incorporated, Associated British Foods plc, Archer-Daniels-Midland Company, Bob’s Red Mill Natural Foods, Inc., Hain Celestial Group, Inc., and Dawn Food Products Inc.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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