Rockville, MD -- (SBWIRE) -- 02/09/2018 -- Baking mixes are the ingredients used for making baked food products. Baking mixes are being used to save the time. However, with increasing health consciousness among consumers, manufacturers are producing baking mixes that are gluten-free and are made using wheat or rice flour, they are also using natural sweeteners in baking mixes. New flavors are also being introduced. Quality assurance is also becoming an important part of the baking mixes market. Hence manufacturers are conducting quality test to check if ingredient are added in correct proportion. This report, published by Fact.MR, provides in-depth analysis of the global baking mixes market for the forecast period 2017-2022, and offers key insights about future market direction.

According to the latest report by Fact.MR, the global market for baking mixes is likely to experience moderate CAGR. The market is estimated to reach US$ 5,893.3 million revenue towards 2022 end. Offering convenience, due to the reduced preparation time and all-in-one ingredient formulation are some of the factors resulting in the popularity of baking mixes among consumers. However, rising concern towards the health and preference for natural and organic food products is one of the major factor hampering the growth of the global baking mixes market.

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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.

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.

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North America to Dominate the Global Baking Mixes Market

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 market. Growth in disposable income and rising population are a few factors contributing to the growth of the market in APEJ region.

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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