The global bread mixes market size is expected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the shifting trend toward westernization in the emerging economies.
A bread mix is a mixed preparation of ingredients used for the cooking of bread. Bread mixes may be commercially manufactured or home-based. Bread mixes that provide particular dietary requirements, such as gluten-free bread mixes or proper bread mixes, can be used in various industries. It is used for baking bread with less efforts and time. The bread types available in the market includes rice, corn, oats, and wheat.
Food organizations are more centered on fulfilling the client requirements incorporate quick and comfort, and healthy benefits. Gluten-free bread mix is usually consumed among health-conscious customers and people with lactose intolerance. The bread mix contains flours, quick leavening agent, dry yeast, and dough conditioners.
The COVID-19 outbreak had negatively impacted the production of bread mixes owing to closedown of manufacturing facilities in the first half of the year 2020. This, in turn, has disrupted the supply chain activities. However, the relaxation in restrictions owing to acceleration in vaccination is positively stimulating the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for convenience foods in the underdeveloped and developing countries is estimated to propel the market growth.
- Healthy ingredients with nutritional value drive has increased the demand for bread mix. Thus, such benefits are anticipated to spur the growth of the market.
- Changing customer preferences is expected to contribute to the growth of the market.
- High cost per serving can hinder the growth of the market.
- Bread has high carbohydrates, added preservatives, and artificial colors content can create challenges for the growth of the market.
- Increasing adoption of bakery premixes by bakeries and companies in emerging economies is anticipated to create lucrative opportunities in the projected timeline.
Scope of the Report
The report on the global bread mixes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Bread Mixes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Food Services, Industrial Purposes, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Frutarom; Corbion; Tate & Lyle; ADM; and Cargill Corporation
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Bread Mixes Market Segment Insights
Food service segment is anticipated to exhibit a high CAGR
In terms of applications, the market is categorized as food services, industrial purposes, and others. The food service segment is projected to expand at a considerable CAGR during the forecast period. Food services widely use bread mixes that are ready-to-use for preparation of bakery products such as pastries, muffins, cookies, and bread products. These mixes reduce the amount of preparation. Bread mixes are broadly utilized by consumers at home due to their ease of use and extensive availability. Moreover, Increasing preference for bread mixes among small and medium-sized food service operators is expected to fuel the growth of the market segment.
North America is anticipated to constitute a key market share
On the basis regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to developing customer awareness, high disposable income, and changing lifestyle. Moreover, rapid innovation in the food industry is driving the regional market growth.
The market of Europe is expected to grow at a healthy rate during the forecast period. The developed countries such as the UK and Germany contributed significant share of the market, followed by Asia Pacific. The countries such as China, Japan, and India in the region are contributing a huge market share to the region owing to rising food demand and presence of cost-effective manufacturing processes.
Segments
Segments Covered in the Report
The global bread mixes market is segmented on the basis of:
Applications
- Food Services
- Industrial purposes
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Frutarom
- Corbion
- Tate & Lyle
- ADM
- Cargill Corporation
Competitive Landscape
The key players competing in the bread mixes market are Frutarom; Corbion; Tate & Lyle; ADM; and Cargill Corporation.
Companies are partnering with local manufacturers to expand their production capacity and are deploying advanced manufacturing processes to expand their market share.
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