The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Baking Mixes. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Baking Mixes Market across various industries and regions.
Global sales of baking mixes 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.
Market Size (2021)
US$ 5.66 Bn
Value CAGR (2021-2031)
5.3% CAGR
Market Size (2031)
US$ 9.5 Bn
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Baking Mixes market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Baking Mixes
This newly published and insightful report sheds light on Market Insights of Baking Mixes, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Baking Mixes Market.
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.
In 2019, a new range of baking mixes by Trader Joe’s- the Maple Pecan Cookie and Baking Mix, Cinnamon Crumb Coffee Cake and Pumpkin Chocolate Chunk Oatmeal Cookie Mix were introduced. These mixes are highly simple, appropriate for people craving freshly baked bakery products in record time
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
Key Question answered in the survey of Baking Mixes market report:
Sales and Demand of Baking Mixes
Growth of Baking Mixes Market
Market Analysis of Baking Mixes
Market Insights of Baking Mixes
Key Drivers Impacting the Baking Mixes market
Which are the Key drivers impacted by Baking Mixes market
Restraints Shaping Market Growth
Market Survey of Baking Mixes
More Valuable Insights on Baking Mixes Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Baking Mixes, Sales and Demand of Baking Mixes, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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