Global Sales of Baking Mixes Market To Reach US$ 9.5 Bn by the end of the 2031

Global sales of baking mixes Market to reach US$ 9.5 Bn by the end of the 2021-2031 assessment period. The market experienced a Y-o-Y increase of 3.9% in 2021 over 2020, up from US$ 5.4 Bn to reach US$ 5.66 Bn. Overall, the industry is projected to expand 1.7x until 2031.

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Key Takeaways from the Market Study

• By 2031, the bread baking mixes are expected to generate over US$ 2.7 Bn in sales
• Modern trade is expected to contribute for approximately 33% of total baking mix sales
• Surging health consciousness boosting gluten-free baking mixes sales in the U.S, registering a 5% CAGR
• U.K to emerge as the fastest growing baking mixes market, clocking a CAGR of 6.5% through 2031
• Global baking mixes industry to be valued at US$ 5.66 Bn in 2021

“Growing desire for organic and clean label baked goods is likely to generate profitable development possibilities for baking mix makers. Substantial investments in R&D activities, followed by the creation of new products, are significant opportunities for baking mix manufacturers,” says a Fact.MR analyst.

Competitive Landscape

Companies in the baking mixes industry are focused on product innovation and development. Large food corporations with R&D facilities are working hard to create a new range of baking mixes. This comprises baking mixes that fulfill dietary needs, new-age consumer eating habits, decreased sugar content, non-dairy, and zero rising agents.

• In October 2021, Cargill Inc. introduced its SimPure 92260 soluble rice flour, exhibiting similar taste, texture and functionality as maltodextrin, an ingredient commonly used as a bulking agent and flavor carrier, rendering it suitable for applications in reduced-sugar bakery products, snacks, cereals & bars, powdered beverages and convenience foods
• Likewise, in January 2021, General Mills Inc. debuted 5 new bakery products in its Betty Crocker brand. These include the New Dunkaroos Frosting, Reese’s Pieces Surprise Cupcake Kit, the Hershey’s Kisses Blossom Cookie Kit, Giant Cookie Kit and Lemon Cookie Mix respectively

Prominent Key Players Of The Baking Mixes Market Survey Report:

• 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.
• Dawn Food Products Inc.

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The report covers following Baking Mixes Market insights and assessment that are helpful for all participants involved in the Baking Mixes market:

• Data on recently introduced regulations and their impact on key industries and on demand in Baking Mixes
• Latest industry Analysis on Baking Mixes Market, with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Baking Mixes Market and changing consumer preferences in major industries.
• Changing Baking Mixes demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Baking Mixes major players
• Baking Mixes Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Baking Mixes demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Key Segments Covered

• Product Type
  • Bread
  • Cakes and Pastries
  • Biscuits and Cookies
  • Pizza Dough
  • Waffles
  • Muffins and Brownies
  • Pancakes
  • Frosting
  • Other Bakery Products
• Distribution Channel
  • Modern Trade
  • Departmental and Traditional Grocery Store
  • Convenience Stores
  • Online Channels
  • Other Retail Formats

Questionnaire answered in the Baking Mixes Market report include:

• How the market for Baking Mixes has grown?
• What is the present and future outlook of the global Baking Mixes on the basis of region?
• What are the challenges and opportunities for the Baking Mixes?
• Why the consumption of Baking Mixes highest in region?
• In which year segment is expected to overtake segment?

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Baking Mixes market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Baking Mixes market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Baking Mixes market and assists to create strategies to overcome the obstacles that may hinder the growth of the Baking Mixes market.
• Leverage: The Baking Mixes market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Baking Mixes market.

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