The bread mixes market worldwide is anticipated to grow from a projected valuation of roughly US$ 5 billion in 2021 to US$ 6.18 billion by the end of 2032, expanding at a CAGR of 2%.
The European region holds the largest value share of around 33.1% in the global market for bread mixes and is anticipated to grow at a CAGR of 2.4% during the projected period. Within the market for baking ingredients worldwide, bread mixes currently account for 20% to 25% of total consumption.
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During the historical period of 2017–2021, the global bread mixes market grew at a value CAGR of 1.3%. The market for bread mixes is primarily driven by the rising popularity of convenience foods. Growing demand for food solutions with a longer shelf life that can improve the quality of finished products is being driven by rising consumption of ready-to-eat food products.
White bread, whole grain bread, oat bread, and other end products can benefit from the nutritional qualities that bread mixes provide, such as iron, calcium, thiamin, niacin, and other vitamins and minerals. The final food products’ flavour and texture are also improved by bread mixes.
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Bread Mixes Market Industry Research by Category
Bread Mixes Market by Type:
- Bread & Roll Mixes
- Sourdough Bread Mixes
- Pizza Mixes
- Rye Bread Mixes
Bread Mixes Market by Distribution Channel:
- Traditional Trade
- Modern Trade
- Industrial
- Foodservice
Bread Mixes Market by Region:
- North America Bread Mixes Market
- Latin America Bread Mixes Market
- Europe Bread Mixes Market
- South Asia and Pacific Bread Mixes Market
- East Asia Bread Mixes Market
- Middle East and Africa Bread Mixes Market
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Competitive Landscape
Bread mix manufacturers are focuses on establishing new manufacturing units and laboratories with the latest tools and technology to develop products that are at par with the latest trends and provide more convenience to consumers. Furthermore, bread mix brands are focusing on driving market growth through technological advancements.
- In Nov 2021, Puratos Group launched its first augmented reality customer support tool – Digital AdvisAR – an app that connects patissiers, chocolatiers, and bakers to experts all over the world.
- In Nov 2021, Lesaffre established a new baking centre in Dubai to support its customers in producing disruptive baking solutions.
- Ingredion Incorporated expanded its production assets in Vanscoy, Saskatchewan. The company has established its most up-to-date manufacturing facility.
- In July 2020, Bakels successfully established a new baking center in Sweden. The baking center includes fully-equipped test bakeries and a laboratory for testing and developing new goods, in addition to those already in use in Europe, Latin America, and Asia.
FAQ’:
- How big is the global bread mixes market?
- Which factors are driving demand for bread mixes?
- What would be the bread mixes market CAGR during the forecast period (2022-2032?
- How is the bread mixes market faring in the U.S. and Brazil?
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