The global bakery premixes market, valued at USD 406 million in 2023, showcases a remarkable growth projection, anticipated to escalate to USD 544 million by 2028, indicating a robust compound annual growth rate (CAGR) of 6.0% during the forecast period. According to the Food and Agriculture Organization of the United Nations (FAO) report of 2019, bread and bakery products play a crucial role in improving nutrition or obtaining food security. Bread, often referred to as a "staple food," is a primary source of dietary energy while bakery products are rich in essential nutrients such as vitamins, minerals, and fiber, contributing to a well-balanced diet. Thus, premixes serve as a key ingredient, enabling the fortification of bread and other baked goods with vitamins and minerals, making them more nutritious.
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Key Players in the Market
· Puratos (Belgium)
· ADM (US)
· Cargill, Incorporated (US)
· Nestle (Switzerland)
· DSM (Netherlands)
· Oy Karl Fazer Ab. (Finland)
· Bakels Worldwide (Switzerland)
· Corbion (Netherlands)
Bakery Premixes Market Dynamics
Drivers
· Increase in demand for customized bakery products
· Availability of multiple ingredients from single source to encourage investments by key players
· Multifunctional features of bakery premixes in key applications, such as bread, cakes, and pastries
Restraints
· High R&D investments for bakery premixes
· Increase in number of health-conscious consumers, particularly in developed countries
Opportunities
· E-commerce and direct-to-consumer sales to help manufacturers reach wider audience
Challenges
· Production of bakery premixes at economical prices
· Consumer health and wellness concerns
Bread Products Is One of the Fastest Growing Application Segments During the Forecast Period
Bread is becoming more and more popular in developed markets as a convenient and inexpensive food alternative, bread is becoming even more popular in emerging nations as specialized and premium breads. The popularity of bread products around the world has been further boosted by the globalization of culinary preferences, which is encouraged by greater travel and exposure to other cuisines.
The tastes of modern customers are changing, and bakers are adapting rapidly. Breads that were before regarded as specialized or traditional are becoming more and more well-liked. A move towards a more complex and experimental culinary experience is reflected in the demand for unusual flavors, textures, and ingredients. Bakers and manufacturers have been inspired to be more creative by this trend, which has led to a wide range of creative bread items. This segment's dominance is poised to persist as it harmonizes with the changing dynamics of consumer lifestyles and preferences, solidifying its position in the global bakery premixes market.
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Germany Is One of the Largest Growing Markets for Bakery Premixes in Europe
Germany has emerged as a prominent player in the European bakery premixes market, showcasing substantial growth and influencing the dynamics of the industry. The fast-paced modern lifestyle has led to an increased preference for convenient and time-saving food solutions. Bakery premixes offer a convenient alternative for consumers who seek bakery products without compromising on quality. The ease of use and consistent results provided by premixes have resonated well with the German consumer base.
