Northbrook, IL 60062 -- (SBWIRE) -- 01/10/2024 -- A recent research report, "Bakery Premixes Market by Type, Application, and Region - Global Forecast to 2028," published by MarketsandMarkets, highlights the robust growth trajectory of the global bakery premixes industry. Valued at USD 406 million in 2023, the market is anticipated to reach USD 544 million by 2028, with a remarkable compound annual growth rate (CAGR) of 6.0%. This expansion is fueled by the increasing demand for nutritious and easily accessible food, driven by the world's growing population.

Download PDF Brochure

The report emphasizes the vital role of bread and bakery products in enhancing nutrition and ensuring food security, according to the Food and Agriculture Organization of the United Nations (FAO). Bakery premixes play a key role in fortifying these products with essential vitamins and minerals, contributing to a well-balanced diet. With advancements in premix technologies, the bakery industry is poised for significant growth, offering businesses an opportunity to contribute to public health and global food security.

The cake segment within the bakery premixes market is predicted to experience remarkable growth, boasting the highest projected CAGR. Increased consumer preference for convenient baking solutions, coupled with the rising trend of home baking, has driven the demand for cake premixes. Busy lifestyles and a surge in disposable income further contribute to the popularity of ready-to-use baking solutions.

The UK is expected to maintain its dominant position in the European bakery premixes market, attributed to its commitment to product development and adaptation to changing consumer demands. The British bakery industry's innovation in introducing new flavors, healthier options, and convenient solutions aligns with modern lifestyles. In June 2023, Puratos (Belgium) introduced a new brioche bakery mix, Easy Soft'r, in the UK market, creating opportunities for growth by aligning with current consumer priorities.

Make an Inquiry

Prominent industry players such as Puratos (Belgium), ADM (US), Cargill, Incorporated (US), Nestle (Switzerland), DSM (Netherlands), and Oy Karl Fazer Ab. (Finland) are instrumental in the bakery premixes market. These companies, with robust manufacturing facilities and well-established distribution networks across key regions, ensure widespread accessibility of their products, contributing to the market's growth.

About MarketsandMarkets
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441