There are several products that go into the making of bakery items, known as bakery premixes. It is a blend of several ingredients that results in the end product to a large extent. It is available in a wide range of colors, textures, colors, and tastes for the items like baking flour, pastry, cake, donut, muffins, bread rolls, etc.
Rising urbanization is also fueling the sales of bakery products and bread. This is likely to positively affect the growth of the global bakery premixes market. Moreover, the increasing awareness in the food and beverage sector regarding the use of bakery premixes and several customization & experimentation available in the market are also foreseen to propel the market growth in the forecast period. Another factor boosting the global market is the increasing demand for convenience food in developed and developing nations along with changing food preferences of the people. Additionally, the other benefits of bakery premixes, such as low chances of the wrong measurement of ingredients and perfect consistency are also to accelerate the growth in the global market.
Rising awareness among the people about added nutrients in the bakery premixes and their advantages in using them directly in bakery products will also fortify the advancement in the global bakery premixes market in the forthcoming years. The less inventory cost and labor on using these premixes is another factor behind the rising demand. Furthermore, the usage of these products also results in the extended shelf lives of the end products, making it is a preferable choice among the bakers, households, and food & beverage sector.
The global bakery premixes market is broadly classified into type, application, and region. Based on type, the global market is categorized into dough-base mix, complete mix, and dough concentrates. On the basis of application, the market is sub-categorized into bakery products and bread products.
Geographically, North America leads the global bakery premixes market, attributed to rising awareness about customized bakery items, urbanization, and modernization. Besides, due to certain nutritional benefits like vitamins and minerals, the regional market is likely to witness a spike in demand. The region is further expected to be trailed by Europe in terms of revenue and market share in the forecast period.
The leading players in the global bakery premixes market are Premia Food Additives Pvt. Ltd., Trans Standard International, Puratos, KCG Corporation, Cargill, Pondan, Nisshin Seifun Group Inc., GK Ingredients, Winner Group, Lesaffre, Watson Inc., Midas Foods, Heliofood, Archer Daniels Midland Company, Swiss Bake Ingredients Pvt. Ltd., Nestle, Dongguan Dongmei Foods Co. Ltd., Synova, Bakels Group, PT Sriboga Flour Mill, Corbion, Pt Gandum Mas Kencana, Oy Karl Fazer AB, and others.
Last year in April, a leading player, Karl Fazer came up with two new bakery products, named Fazer Kinuskimarenkileivos and Fazer Suklaamarenkileivos. This added another feather in the product portfolio hat of the company worldwide.