The Bakery Premixes Market is being driven by Health awareness and deficiencies among consumers
The Bakery Premixes Market is expected to grow at a CAGR of 5.11% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 96.5 million. In the food industry, the demand for gluten-free products has surged due to the increasing prevalence of celiac disease, a digestive disorder affecting approximately 2 million people in the United States and 1% of the global population. Celiac disease is triggered by the consumption of gluten, a protein found in barley, wheat, rye, and triticale. To cater to this market segment, bakery premixes have been formulated with minimal wheat flour content or no wheat flour at all. These gluten-free bakery premixes offer an excellent solution for bakeries to produce a diverse range of gluten-free baked goods while ensuring the highest standards of food safety and quality.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.11% |
Market growth 2024-2028 |
USD 96.5 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
4.78 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Bakery Premixes Market is driven by factors such as dough rheology for improved texture and consistency, baking quality for superior results, adherence to food safety standards, and ingredient functionality for enhanced performance. Process optimization, cost reduction, and product consistency are key considerations, along with sensory attributes and consumer preference. Quality control, ingredient sourcing, and supply chain management are crucial for maintaining standards. Formulation development includes shelf-stable mixes, mix uniformity, rehydration properties, and particle size distribution. Heat stability, water activity, microbial spoilage, and packaging technologies impact product longevity, while label compliance and regulatory requirements ensure safety and transparency.
The Bakery Premixes Market encompasses businesses engaged in the production and sale of bakery ingredients such as flour improvers, dough conditioners, leavening agents, and baking powders. According to Technavio, the size of the global Packaged Foods and Bakery Products industry is determined by the consolidated revenue of market participants. This market segment excludes providers of food processing equipment and manufacturers of packaged alcoholic and non-alcoholic beverages. Key growth drivers for the global Packaged Foods and Bakery Products industry include the health benefits linked to the consumption of minimally processed foods, which include bakery products, rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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