How are Gluten Free Baking Mixes Generating Growth Opportunities for Baking Mixes Market – Exclusive Report by Fact.MR

Global sales of baking mixes to reach US$ 9.5 Bn by the end of the 2021-2031 assessment period. The market experienced a Y-o-Y increase of 3.9% in 2021 over 2020, up from US$ 5.4 Bn to reach US$ 5.66 Bn. Overall, the industry is projected to expand 1.7x until 2031.

The worldwide market for baking mixes is estimated to be valued at around US$ 5.66 Bn in 2021. Manufacturers have especially found lucrative growth opportunities across the gluten-free sector, given the high prevalence of celiac disorders across multiple geographies. From 2016-2020, the market surged at a CAGR of 4%.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=300

Baking mixes including organic ingredients are also gaining popularity. Meanwhile, leading industry participants are investing in research to develop new tastes and improve taste. Consumption trends experienced further impetus during the COVID-19 pandemic, attributed to the emergence of home baking. Prominent companies, such as Tata, a maker of baking soda, Cadbury and other retailers experienced a 60% increase in product sales, especially in South Asia.

As the popularity of bakery products continues to rise, market players are increasingly foraying into high growth markets, especially across Asia. Moreover, surging popularity of gourmet foods, especially bakery products, is further enhancing utilization of various categories of baking mixes. According to projections put forth by Fact.MR, the market for bakery products is slated to experience a CAGR of 5.3% across the 2021-2031 forecast period.

Key Segments Covered
Product Type
• Bread
• Cakes and Pastries
• Biscuits and Cookies
• Pizza Dough
• Waffles
• Muffins and Brownies
• Pancakes
• Frosting
• Other Bakery Products

Distribution Channel
• Modern Trade
• Departmental and Traditional Grocery Store
• Convenience Stores
• Online Channels
• Other Retail Formats

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=300

Key Companies Profiled
• 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.
• Dawn Food Products Inc.

Competitive Landscape
Companies in the baking mixes industry are focused on product innovation and development. Large food corporations with R&D facilities are working hard to create a new range of baking mixes. This comprises baking mixes that fulfill dietary needs, new-age consumer eating habits, decreased sugar content, non-dairy, and zero rising agents.

• In October 2021, Cargill Inc. introduced its SimPure 92260 soluble rice flour, exhibiting similar taste, texture and functionality as maltodextrin, an ingredient commonly used as a bulking agent and flavor carrier, rendering it suitable for applications in reduced-sugar bakery products, snacks, cereals & bars, powdered beverages and convenience foods

• Likewise, in January 2021, General Mills Inc. debuted 5 new bakery products in its Betty Crocker brand. These include the New Dunkaroos Frosting, Reese’s Pieces Surprise Cupcake Kit, the Hershey’s Kisses Blossom Cookie Kit, Giant Cookie Kit and Lemon Cookie Mix respectively.

• In 2019, a new range of baking mixes by Trader Joe's- the Maple Pecan Cookie and Baking Mix, Cinnamon Crumb Coffee Cake and Pumpkin Chocolate Chunk Oatmeal Cookie Mix were introduced. These mixes are highly simple, appropriate for people craving freshly baked bakery products in record time

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/300

4 Key Highlights on Global Baking Mixes Market
• North America is expected to dominate the global baking mixes market during the forecast period. By the end of 2022, North America is projected to exceed US$ 1,900 million value. Owing to the stringent regulations for the food processing industry by the government is resulting in the growth of gluten-free baking mix products, thereby fueling the growth of North America baking mixes market.
• Europe baking mixes market is also expected to account for more than one-fourth of the revenue share by the end of 2017. Various countries in Europe are also becoming technologically advanced in the field of food processing, thereby resulting in the demand for processed foods such as baking mixes.
• Among various baking mix products, bread baking mix is expected to be one of the most preferred baking mix product. Bread baking mix is projected to reach nearly US$ 1,800 million revenue by the end of 2022. Meanwhile, cakes and pastries baking mixes are also expected to witness above-average growth during the forecast period 2017-2022.
• Distribution of baking mixes is expected to be the highest through the modern trade. By the end of 2022, modern trade is projected to reach close to US$ 1,700 million revenue. Modern trade is also projected to account for nearly one-third of the revenue share by the end of 2017.

Explore Fact.MR’s Coverage on the Food & Beverage Domain:
Vacuum Salt Market: https://www.factmr.com/report/vacuum-salt-Market

Vanilla Extract Alternatives Market: https://www.factmr.com/report/vanilla-extract-alternatives-market

Low Fat Protein Market: https://www.factmr.com/report/low-fat-protein-market

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About US

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.