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Baking Mix and Enzymes Market Outlook and Growth Analysis 2018 - 2025

10-15-2020 11:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

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Baking Mix and Enzymes Market

Baking Mix and Enzymes Market

Baking Mix and Enzymes Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025.

Baking Mix and Enzymes are the building blocks of finished bakery foods such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Increase in trend of healthy eating and rise preference for convenience food are the primary factors that boost the market growth. Prominent players and large corporates are developing their products to follow the consumer trends and foster the company growth to occupy notable stance in the global market.

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The global baking mix and enzymes market size was valued at $3,384.0 million in 2018, and is projected to reach at $5,151.0 million by 2025, growing at a CAGR of 6.2% from 2018 to 2025.

Baking mix and enzymes products have witnessed the higher growth rate as large market players have initiated developments according to the consumer’s need for healthier and toxic-free products. In addition, owing to increase in population, rise in urbanization, and introduction of healthier bakery alternatives at reasonable costs fosters the demand for Baking Mix and Enzymes products. Moreover, continuous innovation and strong and attractive marketing campaigns drives the growth of the Baking Mix and Enzymes products. In addition, increase in number of bakeries & outlets like convenience stores, in-stores bakeries, artisan bakeries, café bakeries, and others is expected to fuel the demand for baking ingredients across the globe.

Changes in lifestyle patterns of consumers and preference toward baking mix and enzyme products are expected to provide remunerative opportunities for the manufacturers. Moreover, these baked products are gaining popularity among Asian customers, due to their enhanced taste and presence of proteins & fibers in breads & cakes. Furthermore, consumers are able to afford high-priced baked products, due to increase in disposable income and improvement in economic conditions. However, stringent government regulations toward quality and types of ingredients used in the manufacturing of bakery products and customer preference for cereals over baked products limit the growth of baking mix and enzymes market. The regulations associated with bakery products are related to various ingredients used in the process, food hygiene labeling & packaging, health claims, and others.

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In addition, cakes & pastries are mostly consumed as desserts among youngsters. Increase in disposable income and rise in urbanization are positively affecting the cakes & pastries market. Furthermore, in large cities, the working population mostly prefers on-the-go foods such as snacks, pastries, and cakes. In addition, cake pops, a new type of cake-based snack is gaining increasing popularity among the young population.

They are bite-sized cakes that are available in a range of designs and are styled as lollipops. Hence, increase in trend of customizable pastries and cakes along with introduction of new toppings & flavors boost the cakes & pastries market, which is in turn is anticipated to fuel the growth of the global baking mix and enzymes market.

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The key players operating in the baking mix and enzymes industry include Archer-Daniels-Midland Company, Associated British Foods Plc., Cargill Incorporated, E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Kerry Group, Plc., Koninklijke DSM N.V., Dawn Food Products, Inc., Bakels Group, and Lallemand Inc.

Key Findings of the Baking Mix and Enzymes Market :

Based on type, the baking mix segment was the highest contribution in the global baking mix and enzymes market in 2018.
Based on type, the rolls and pies segment is expected to witness rapid growth in the baking mix and enzymes market.
Based on application, the bread segment is estimated to grow at a steady CAGR of 6.3% from 2018 to 2025.
By region, Europe accounted for about two-fifths of the global market share in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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