ID: MRFR/F-B & N/1599-CR | February 2021 | Region: Global | 110 Pages
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.1.1 GLOBAL BAKING MIXES MARKET, BY PRODUCT TYPE, 2019 20
1.1.2 GLOBAL BAKING MIXES MARKET, BY CATEGORY, 2019 21
1.1.3 GLOBAL BAKING MIXES MARKET, BY END USE, 2019 22
1.1.4 GLOBAL BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2019 23
1.1.5 GLOBAL BAKING MIXES MARKET, BY REGION 24
2 MARKET INTRODUCTION
2.1 DEFINITION 25
2.2 SCOPE OF THE STUDY 25
2.3 RESEARCH OBJECTIVE 25
2.4 MARKET STRUCTURE 25
2.5 KEY BUYING CRITERIA 26
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 27
3.2 PRIMARY RESEARCH 28
3.3 SECONDARY RESEARCH 29
3.4 MARKET SIZE ESTIMATION 29
3.5 FORECAST MODEL 31
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 32
4 MARKET DYNAMICS
4.1 INTRODUCTION 33
4.2 DRIVERS 34
4.2.1 GROWTH OF THE BAKERY INDUSTRY 34
4.2.2 RISING DEMAND FOR READY-TO-EAT/CONVENIENCE FOOD 34
4.2.3 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 34
4.2.4 DRIVERS IMPACT ANALYSIS 35
4.3 RESTRAINT 35
4.3.1 REGULATORY FRAMEWORK 35
4.3.2 RESTRAINTS IMPACT ANALYSIS 36
4.4 OPPORTUNITIES 36
4.4.1 INCREASING CONSUMPTION OF “FREE-FROM,” CLEAN-LABEL PRODUCTS 36
4.4.2 PRODUCT INNOVATIONS 37
4.5 CHALLENGES 37
4.5.1 CONSUMERS PERCEPTIONS AND INCLINATION TOWARDS NATURAL BAKING INGREDIENT 37
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 38
5.1.1 RAW MATERIALS 39
5.1.2 PROCESSING 39
5.1.3 PACKAGING 39
5.2 SUPPLY CHAIN ANALYSIS 40
5.3 PORTER’S FIVE FORCES MODEL 41
5.3.1 THREAT OF NEW ENTRANTS 41
5.3.2 BARGAINING POWER OF SUPPLIERS 42
5.3.3 BARGAINING POWER OF BUYERS 42
5.3.4 THREAT OF SUBSTITUTES 42
5.3.5 RIVALRY 43
5.4 QUALITATIVE ANALYSIS ON INGREDIENTS INCLUDED IN BAKING MIXES 43
5.4.1 OIL- 43
5.4.2 FATS- 43
5.4.3 BAKING POWDER- 43
5.4.4 EMULSIFIERS- 44
5.4.5 STABILIZERS- 44
5.4.6 THICKENERS- 44
5.4.7 COLORS- 44
5.4.8 FLAVORS- 44
5.4.9 ENZYMES- 44
5.4.10 PRESERVATIVES- 45
5.5 EVOLUTION OF THE INGREDIENTS 45
6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL BAKING MIXES MARKET
6.1.1 IMPACT ON PRODUCTION 47
6.1.2 IMPACT ON CONSUMER BUYING BEHAVIOR 47
6.1.3 IMPACT ON SUPPLY CHAIN 47
6.1.4 IMPACT ON PRICING 48
6.1.5 IMPACT ON STORE-BASED VS. NON-STORE-BASED SALES 48
7 GLOBAL BAKING MIXES MARKET, BY PRODUCT TYPE
7.1 OVERVIEW 49
7.1.1 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2027 50
7.2 COOKIE & BISCUIT MIXES 50
7.2.1 COOKIE & BISCUIT MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 51
7.3 CAKE, PASTRY & MUFFIN MIXES 52
7.3.1 CAKE, PASTRY & MUFFIN MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 52
7.4 BREAD MIXES 53
7.4.1 BREAD MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 53
7.5 OTHERS 54
7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 54
8 GLOBAL BAKING MIXES MARKET, BY CATEGORY
8.1 OVERVIEW 55
8.1.1 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020-2027 56
8.2 CONVENTIONAL 57
8.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 57
8.3 GLUTEN-FREE 58
8.3.1 GLUTEN-FREE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 58
9 GLOBAL BAKING MIXES MARKET, BY END USE
9.1 OVERVIEW 59
9.1.1 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY END USE, 2020-2027 60
9.2 RETAIL CONSUMERS 60
9.2.1 RETAIL CONSUMERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 61
9.3 FOOD SERVICE 62
9.3.1 FOOD SERVICE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 62
10 GLOBAL BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL
10.1 OVERVIEW 63
10.1.1 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2027 64
10.2 STORE-BASED 65
10.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 65
10.3 NON-STORE-BASED 66
10.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 66
11 GLOBAL BAKING MIXES MARKET, BY REGION
11.1 OVERVIEW 67
11.2 NORTH AMERICA 69
11.2.1 US 73
11.2.2 CANADA 76
11.2.3 MEXICO 79
11.3 EUROPE 82
11.3.1 UK 86
11.3.2 GERMANY 89
11.3.3 FRANCE 92
11.3.4 ITALY 94
11.3.5 SPAIN 97
11.3.6 REST OF EUROPE 100
11.4 ASIA-PACIFIC 103
11.4.1 CHINA 107
11.4.2 INDIA 110
11.4.3 JAPAN 113
11.4.4 AUSTRALIA & NEW ZEALAND 115
11.4.5 REST OF ASIA-PACIFIC 118
11.5 REST OF THE WORLD 122
11.5.1 SOUTH AMERICA 126
11.5.2 MIDDLE EAST 129
11.5.3 AFRICA 131
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION 135
12.1.1 MARKET STRATEGY ANALYSIS 135
12.2 COMPETITIVE BENCHMARKING 136
12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 136
12.3.1 EXPANSIONS 136
12.3.2 PRODUCT LAUNCH 137
12.3.3 ACQUISITION 137
13 COMPANY PROFILES
13.1 GENERAL MILLS, INC. 138
13.1.1 COMPANY OVERVIEW 138
13.1.2 FINANCIAL OVERVIEW 139
13.1.3 PRODUCTS OFFERED 139
13.1.4 KEY DEVELOPMENTS 140
13.1.5 SWOT ANALYSIS 140
13.1.6 KEY STRATEGIES 141
13.2 CONAGRA BRANDS, INC. 142
13.2.1 COMPANY OVERVIEW 142
13.2.2 FINANCIAL OVERVIEW 142
13.2.3 PRODUCTS OFFERED 143
13.2.4 KEY DEVELOPMENTS 143
13.2.5 SWOT ANALYSIS 144
13.2.6 KEY STRATEGIES 144
13.3 CHELSEA MILLING COMPANY 145
13.3.1 COMPANY OVERVIEW 145
13.3.2 FINANCIAL OVERVIEW 145
13.3.3 PRODUCTS OFFERED 145
13.3.4 KEY DEVELOPMENTS 146
13.3.5 KEY STRATEGIES 146
13.4 ASSOCIATED BRITISH FOODS PLC 147
13.4.1 COMPANY OVERVIEW 147
13.4.2 FINANCIAL OVERVIEW 147
13.4.3 PRODUCTS OFFERED 148
13.4.4 KEY DEVELOPMENTS 148
13.4.5 SWOT ANALYSIS 149
13.4.6 KEY STRATEGIES 149
13.5 MONDELĒZ INTERNATIONAL, INC. 150
13.5.1 COMPANY OVERVIEW 150
13.5.2 FINANCIAL OVERVIEW 151
13.5.3 PRODUCTS OFFERED 151
13.5.4 KEY DEVELOPMENTS 152
13.5.5 SWOT ANALYSIS 152
13.5.6 KEY STRATEGIES 152
13.6 BOB’S RED MILL NATURAL FOODS, INC. 153
13.6.1 COMPANY OVERVIEW 153
13.6.2 FINANCIAL OVERVIEW 153
13.6.3 PRODUCTS OFFERED 153
13.6.4 KEY DEVELOPMENTS 154
13.6.5 KEY STRATEGIES 154
13.7 HAIN CELESTIAL 155
13.7.1 COMPANY OVERVIEW 155
13.7.2 FINANCIAL OVERVIEW 155
13.7.3 PRODUCTS OFFERED 156
13.7.4 KEY DEVELOPMENTS 156
13.7.5 KEY STRATEGIES 156
13.8 KETO AND COMPANY 157
13.8.1 COMPANY OVERVIEW 157
13.8.2 FINANCIAL OVERVIEW 157
13.8.3 PRODUCTS OFFERED 157
13.8.4 KEY DEVELOPMENTS 157
13.8.5 KEY STRATEGIES 157
13.9 CONTINENTAL MILLS, INC. 158
13.9.1 COMPANY OVERVIEW 158
13.9.2 FINANCIAL OVERVIEW 158
13.9.3 PRODUCTS OFFERED 158
13.9.4 KEY DEVELOPMENTS 159
13.9.5 KEY STRATEGIES 159
13.10 DAWN FOOD PRODUCTS, INC. 160
13.10.1 COMPANY OVERVIEW 160
13.10.2 FINANCIAL OVERVIEW 160
13.10.3 PRODUCTS OFFERED 160
13.10.4 KEY DEVELOPMENTS 160
13.10.5 SWOT ANALYSIS 161
13.10.6 KEY STRATEGIES 161
14 REFERENCES
15 LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS 28
TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 32
TABLE 3 GLOBAL BAKING MARKET: DEVELOPMENTS 46
TABLE 4 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 50
TABLE 5 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 50
TABLE 6 COOKIE & BISCUIT MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 51
TABLE 7 COOKIE & BISCUIT MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 51
TABLE 8 CAKE, PASTRY & MUFFIN MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 52
TABLE 9 CAKE, PASTRY & MUFFIN MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 52
TABLE 10 BREAD MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 53
TABLE 11 BREAD MIXES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 53
TABLE 12 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 54
TABLE 13 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 54
TABLE 14 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020-2027 (USD MILLION) 56
TABLE 15 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 56
TABLE 16 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 57
TABLE 17 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 57
TABLE 18 GLUTEN-FREE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 58
TABLE 19 GLUTEN-FREE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 58
TABLE 20 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY END USE, 2020-2027 (USD MILLION) 60
TABLE 21 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY END USE, 2020-2027 (THOUSAND UNITS) 60
TABLE 22 RETAIL CONSUMERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 61
TABLE 23 RETAIL CONSUMERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 61
TABLE 24 FOOD SERVICE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 62
TABLE 25 FOOD SERVICE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 62
TABLE 26 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 64
TABLE 27 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 64
TABLE 28 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 65
TABLE 29 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 65
TABLE 30 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 66
TABLE 31 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 66
TABLE 32 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 68
TABLE 33 GLOBAL BAKING MIXES MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 68
TABLE 34 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 69
TABLE 35 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (THOUSAND UNITS) 70
TABLE 36 NORTH AMERICA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 70
TABLE 37 NORTH AMERICA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 70
TABLE 38 NORTH AMERICA: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 71
TABLE 39 NORTH AMERICA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 71
TABLE 40 NORTH AMERICA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 71
TABLE 41 NORTH AMERICA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 72
TABLE 42 NORTH AMERICA: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 72
TABLE 43 NORTH AMERICA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 72
TABLE 44 US: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 73
TABLE 45 US: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 73
TABLE 46 US: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 73
TABLE 47 US: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 74
TABLE 48 US: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 74
TABLE 49 US: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 75
TABLE 50 US: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 75
TABLE 51 US: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 75
TABLE 52 CANADA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 76
TABLE 53 CANADA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 76
TABLE 54 CANADA: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 76
TABLE 55 CANADA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 77
TABLE 56 CANADA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 77
TABLE 57 CANADA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 77
TABLE 58 CANADA: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 78
TABLE 59 CANADA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 78
TABLE 60 MEXICO: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 79
TABLE 61 MEXICO: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 79
TABLE 62 MEXICO: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 79
TABLE 63 MEXICO: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 80
TABLE 64 MEXICO: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 80
TABLE 65 MEXICO: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 80
TABLE 66 MEXICO: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 81
TABLE 67 MEXICO: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 81
TABLE 68 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 82
TABLE 69 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (THOUSAND UNITS) 83
TABLE 70 EUROPE: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 83
TABLE 71 EUROPE: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 83
TABLE 72 EUROPE: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 84
TABLE 73 EUROPE: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 84
TABLE 74 EUROPE: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 84
TABLE 75 EUROPE: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 85
TABLE 76 EUROPE: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 85
TABLE 77 EUROPE: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 85
TABLE 78 UK: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 86
TABLE 79 UK: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 86
TABLE 80 UK: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 86
TABLE 81 UK: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 87
TABLE 82 UK: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 87
TABLE 83 UK: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 88
TABLE 84 UK: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 88
TABLE 85 UK: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 88
TABLE 86 GERMANY: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 89
TABLE 87 GERMANY: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 89
TABLE 88 GERMANY: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 89
TABLE 89 GERMANY: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 90
TABLE 90 GERMANY: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 90
TABLE 91 GERMANY: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 90
TABLE 92 GERMANY: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 91
TABLE 93 GERMANY: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 91
TABLE 94 FRANCE: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 92
TABLE 95 FRANCE: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 92
TABLE 96 FRANCE: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 92
TABLE 97 FRANCE: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 93
TABLE 98 FRANCE: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 93
TABLE 99 FRANCE: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 93
TABLE 100 FRANCE: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 94
TABLE 101 FRANCE: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 94
TABLE 102 ITALY: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 94
TABLE 103 ITALY: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 95
TABLE 104 ITALY: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 95
TABLE 105 ITALY: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 95
TABLE 106 ITALY: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 96
TABLE 107 ITALY: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 96
TABLE 108 ITALY: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 96
TABLE 109 ITALY: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 97
TABLE 110 SPAIN: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 97
TABLE 111 SPAIN: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 97
TABLE 112 SPAIN: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 98
TABLE 113 SPAIN: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 98
TABLE 114 SPAIN: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 98
TABLE 115 SPAIN: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 99
TABLE 116 SPAIN: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 99
TABLE 117 SPAIN: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 99
TABLE 118 REST OF EUROPE: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 100
TABLE 119 REST OF EUROPE: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 100
TABLE 120 REST OF EUROPE: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 100
TABLE 121 REST OF EUROPE: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 101
TABLE 122 REST OF EUROPE: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 101
TABLE 123 REST OF EUROPE: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 102
TABLE 124 REST OF EUROPE: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 102
TABLE 125 REST OF EUROPE: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 102
TABLE 126 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 103
TABLE 127 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (THOUSAND UNITS) 104
TABLE 128 ASIA-PACIFIC: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 104
TABLE 129 ASIA-PACIFIC: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 105
TABLE 130 ASIA-PACIFIC: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 105
TABLE 131 ASIA-PACIFIC: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 105
TABLE 132 ASIA-PACIFIC: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 106
TABLE 133 ASIA-PACIFIC: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 106
TABLE 134 ASIA-PACIFIC: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 106
TABLE 135 ASIA-PACIFIC: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 107
TABLE 136 CHINA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 107
TABLE 137 CHINA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 107
TABLE 138 CHINA: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 108
TABLE 139 CHINA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 108
TABLE 140 CHINA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 108
TABLE 141 CHINA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 109
TABLE 142 CHINA: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 109
TABLE 143 CHINA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 109
TABLE 144 INDIA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 110
TABLE 145 INDIA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 110
TABLE 146 INDIA: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 110
TABLE 147 INDIA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 111
TABLE 148 INDIA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 111
TABLE 149 INDIA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 111
TABLE 150 INDIA: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 112
TABLE 151 INDIA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 112
TABLE 152 JAPAN: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 113
TABLE 153 JAPAN: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 113
TABLE 154 JAPAN: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 113
TABLE 155 JAPAN: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 114
TABLE 156 JAPAN: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 114
TABLE 157 JAPAN: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 114
TABLE 158 JAPAN: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 115
TABLE 159 JAPAN: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 115
TABLE 160 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 115
TABLE 161 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 116
TABLE 162 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 116
TABLE 163 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 116
TABLE 164 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 117
TABLE 165 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 117
TABLE 166 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 117
TABLE 167 AUSTRALIA & NEW ZEALAND: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 118
TABLE 168 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 118
TABLE 169 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 119
TABLE 170 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 119
TABLE 171 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 119
TABLE 172 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 120
TABLE 173 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 120
TABLE 174 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 120
TABLE 175 REST OF ASIA-PACIFIC: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 121
TABLE 176 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 122
TABLE 177 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (THOUSAND UNITS) 123
TABLE 178 REST OF THE WORLD: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 123
TABLE 179 REST OF THE WORLD: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 123
TABLE 180 REST OF THE WORLD: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 124
TABLE 181 REST OF THE WORLD: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 124
TABLE 182 REST OF THE WORLD: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 124
TABLE 183 REST OF THE WORLD: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 125
TABLE 184 REST OF THE WORLD: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 125
TABLE 185 REST OF THE WORLD: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 125
TABLE 186 SOUTH AMERICA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 126
TABLE 187 SOUTH AMERICA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 126
TABLE 188 SOUTH AMERICA: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 126
TABLE 189 SOUTH AMERICA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 127
TABLE 190 SOUTH AMERICA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 127
TABLE 191 SOUTH AMERICA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 128
TABLE 192 SOUTH AMERICA: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 128
TABLE 193 SOUTH AMERICA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 128
TABLE 194 MIDDLE EAST: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 129
TABLE 195 MIDDLE EAST: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 129
TABLE 196 MIDDLE EAST: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 129
TABLE 197 MIDDLE EAST: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 130
TABLE 198 MIDDLE EAST: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 130
TABLE 199 MIDDLE EAST: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 130
TABLE 200 MIDDLE EAST: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 131
TABLE 201 MIDDLE EAST: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 131
TABLE 202 AFRICA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 131
TABLE 203 AFRICA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 132
TABLE 204 AFRICA: BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 132
TABLE 205 AFRICA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 132
TABLE 206 AFRICA: BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (THOUSAND UNITS) 133
TABLE 207 AFRICA: BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (THOUSAND UNITS) 133
TABLE 208 AFRICA: BAKING MIXES MARKET, BY END USE, 2020-2027 (THOUSAND UNITS) 133
TABLE 209 AFRICA: BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (THOUSAND UNITS) 134
TABLE 210 EXPANSIONS 136
TABLE 211 PRODUCT LAUNCH 137
TABLE 212 ACQUISITION 137
TABLE 213 GENERAL MILLS, INC.: PRODUCTS OFFERED 139
TABLE 214 CONAGRA BRANDS, INC.: PRODUCTS OFFERED 143
TABLE 215 CONAGRA BRANDS, INC.: KEY DEVELOPMENTS 143
TABLE 216 CHELSEA MILLING COMPANY: PRODUCTS OFFERED 145
TABLE 217 ASSOCIATED BRITISH FOODS PLC: PRODUCTS OFFERED 148
TABLE 218 ASSOCIATED BRITISH FOODS PLC: KEY DEVELOPMENTS 148
TABLE 219 MONDELĒZ INTERNATIONAL, INC.: PRODUCTS OFFERED 151
TABLE 220 BOB’S RED MILL NATURAL FOODS, INC.: PRODUCTS OFFERED 153
TABLE 221 HAIN CELESTIAL: PRODUCTS OFFERED 156
TABLE 222 KETO AND COMPANY: PRODUCTS OFFERED 157
TABLE 223 CONTINENTAL MILLS, INC.: PRODUCTS OFFERED 158
TABLE 224 DAWN FOOD PRODUCTS, INC.: PRODUCTS OFFERED 160
TABLE 225 DAWN FOOD PRODUCTS, INC.: KEY DEVELOPMENTS 160
16 LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 18
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BAKING MIXES MARKET, 2019 19
FIGURE 3 GLOBAL BAKING MIXES MARKET ANALYSIS, BY PRODUCT TYPE 20
FIGURE 4 GLOBAL BAKING MIXES MARKET ANALYSIS, BY CATEGORY 21
FIGURE 5 GLOBAL BAKING MIXES MARKET ANALYSIS, BY END USE 22
FIGURE 6 GLOBAL BAKING MIXES MARKET ANALYSIS, BY DISTRIBUTION CHANNEL 23
FIGURE 7 GLOBAL BAKING MIXES MARKET ANALYSIS, BY REGION, 2019 24
FIGURE 8 GLOBAL BAKING MIXES MARKET: STRUCTURE 25
FIGURE 9 KEY BUYING CRITERIA FOR BAKING MIXES 26
FIGURE 10 RESEARCH PROCESS 27
FIGURE 11 TOP-DOWN AND BOTTOM-UP APPROACHES 30
FIGURE 12 MARKET DYNAMICS OVERVIEW 33
FIGURE 13 DRIVERS IMPACT ANALYSIS: BAKING MIXES MARKET 35
FIGURE 14 RESTRAINTS IMPACT ANALYSIS: BAKING MIXES MARKET 36
FIGURE 15 GLOBAL BAKING MIXES MARKET: VALUE CHAIN OF CAKE MIX 38
FIGURE 16 GLOBAL BAKING MIXES MARKET: SUPPLY CHAIN 40
FIGURE 18 GLOBAL BAKING MIXES MARKET, BY PRODUCT TYPE, 2020 (% SHARE) 49
FIGURE 19 GLOBAL BAKING MIXES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 49
FIGURE 20 GLOBAL BAKING MIXES MARKET, BY CATEGORY, 2020 (% SHARE) 55
FIGURE 21 GLOBAL BAKING MIXES MARKET, BY CATEGORY, 2020-2027 (USD MILLION) 55
FIGURE 22 GLOBAL BAKING MIXES MARKET, BY END USE, 2020 (% SHARE) 59
FIGURE 23 GLOBAL BAKING MIXES MARKET, BY END USE, 2020-2027 (USD MILLION) 59
FIGURE 24 GLOBAL BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020 (% SHARE) 63
FIGURE 25 GLOBAL BAKING MIXES MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 63
FIGURE 26 GLOBAL BAKING MIXES MARKET, BY REGION, 2020-2027 (USD MILLION) 67
FIGURE 27 GLOBAL BAKING MIXES MARKET, BY REGION, 2020 (% SHARE) 67
FIGURE 28 NORTH AMERICA: BAKING MIXES MARKET SHARE, BY COUNTRY, 2019 (% SHARE) 69
FIGURE 29 EUROPE: BAKING MIXES MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 82
FIGURE 30 ASIA-PACIFIC: BAKING MIXES MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 103
FIGURE 31 REST OF THE WORLD: BAKING MIXES MARKET SHARE, BY REGION, 2020 (% SHARE) 122
FIGURE 32 GENERAL MILLS INC.: FINANCIAL OVERVIEW SNAPSHOT 139
FIGURE 33 GENERAL MILLS, INC.: SWOT ANALYSIS 140
FIGURE 34 CONAGRA BRANDS, INC.: FINANCIAL OVERVIEW SNAPSHOT 142
FIGURE 35 CONAGRA BRANDS, INC.: SWOT ANALYSIS 144
FIGURE 36 ASSOCIATED BRITISH FOODS PLC: FINANCIAL OVERVIEW SNAPSHOT 147
FIGURE 37 ASSOCIATED BRITISH FOODS PLC: SWOT ANALYSIS 149
FIGURE 38 MONDELĒZ INTERNATIONAL, INC.: FINANCIAL OVERVIEW SNAPSHOT 151
FIGURE 39 MONDELĒZ INTERNATIONAL, INC.: SWOT ANALYSIS 152
FIGURE 40 HAIN CELESTIAL: FINANCIAL OVERVIEW SNAPSHOT 155
FIGURE 41 DAWN FOOD PRODUCTS, INC.: SWOT ANALYSIS 161
$2,890.7 million
4.23%
North America
2020-2027
Baking mixes market size is expected to witness a CAGR of 4.23% in the forecast period and reach $2,890.7 million by 2026. Baking mix is a pre-mixed mixture that is used for baking foods. Baking mixes can be produced at home and as well as commercially. Baking mixes meet dietary needs, such as kosher baking mixes and gluten-free baking mixes, and are available in many places. Ingredients in the baking mixes are flour, baking powder, and salt. It is used for making pancakes, cookies, waffles, etc. due to this, the user prepares the bakery item in less time, and it has high demand due to ease of usage and high availability of products. Additionally, baking mixes are gaining more demand in the small and medium-sized food providers.
The increased demand for baking mixes is due to many factors, such as consumers' growing preference for bakery products such as cakes, bread, muffins, and pastries due to rising health concerns. Also, alternative foods that are low-calorie, fat-free, and cholesterol-free are expected to propel the baking mix's market growth. Ever-evolving consumer preference for varieties of products will highly contribute to the baking mix's market size growth.
Rising awareness of consumers and not opting for artificial ingredients, preservatives, and sweeteners encourages the manufacturers to focus on producing baking mixes with natural and organic ingredients. Hence the consumers are buying these products and consuming them without compromising their health. The nutrition-focused baking mixes are ready to make more quality products, and it will boost the baking mix market growth in the forecast period. Additionally, the developing per capita income of people developing economy contributing highly in the food & beverage sectors, and it is expected to favor the baking mixes market.
COVID-19 Analysis
Recently COVID-19 pandemic due to the outbreak of coronavirus struck various industries around the world. Almost all the countries suffered massively, and the world economy slowed down. There are many reasons behind the downfall. One of the main reasons behind it was the supply chain was disrupted. Due to the pandemic, the industries were closed, and the production works were on halt. Due to the interruption in production, supply couldn't meet the demand, and the demand for products declined. Apart from that, the shortage of laborers affected the industries as well. Many people lost their job due to the pandemic, so they suffered financially as well. All the factors in the market had a negative impact on the food & beverages industries, and it harmed the baking mixes market. So overall, the demand for the market declined due to the covid-19 pandemic. But the market is rising again as everything has started to come to normal. The major key players are planning to recover from the loss, and it will boost the demand of the market.
Market dynamics
One of the major drivers in the baking mix market is people's growing awareness and health concerns. According to the World Health Organization, people with diabetes rose from 108 million in 1980 to 422 million in 2014. Due to rising health problems, people are now opting for healthier options. Baking mixes help to produce gluten-free, calorie-free, and natural sweetener added bakery products. As a result, people are opting for these products, which will favor the baking mix's growth.
Additionally, increasing consumer preference in terms of flavor, taste, and freshness is constantly increasing, driving the market. The food sector depends on the changing consumer preference, which will contribute to the sector's growth. The customer's lifestyle is growing, and with increasing per capita income, they are ready to invest their money in baked goods.
Due to the COVID-19 pandemic, people have become very health conscious, which has resulted in the increasing demand for healthy and natural products. Baking mixes are a mixed composition of healthy and organic ingredients, and they will generate opportunities for the baking mix market. Additionally, high market investments and development in the manufacturing process will bring significant growth for the market.
One of the major restraints in the baking mix market is the strict government rules towards the quality used in bakery products. Also, the baked goods are packaged foods that don't last for too long, and it will hamper the baking mixes market growth.
There are many challenges in the baking mixes market, just like other markets. But one of the major challenges is the very little demand for baked goods in the underdeveloped regions. The market key players are trying their best to overcome these challenges by taking various strategies.
Cumulative growth analysis
With the increasing demand for baked goods and the rising application of baking mixes in bakery products, the demand for the market is set to rise in the forecast period.
Market segmentation
The baking mix market is divided based on product type, category, end-use, and distribution channel.
Based on product type, the baking mix market is segmented into cookies & biscuit mixes, bread mixes, cake, pastry, and & muffin mixes. In 2019 cake, pastry, and muffin mixes segment was accounted for the highest baking mixes market share owing to the increasing consumption of pastries, cakes, and muffins. These sweets can be consumed at any time of the year, and they have huge demand worldwide, and it is expected to grow at a significant rate in the future.
Based on category, the baking mixes market is divided into two categories one of gluten-free, and the other is conventional. In 2019 the conventional segment was responsible for the highest baking mixes market share. The gluten-free segment is expected to register the highest CAGR rate in the forecast period.
Based on end-use, the market is segmented into retail customers and food service. Retail customers were responsible for the highest market share in 2019. According to the baking mixes market analysis, the foodservice segment is expected to grow at a faster rate in the forecast period.
Distribution channel
Based on the distribution channel, the market is segmented into stored-based and non-store-based. Supermarkets, stores, and hypermarkets are under the store-based component.
Regional analysis
The major regions in the baking mixes market are North America, Europe, Asia Pacific, and the rest of the world. North America segment was accounted for the highest market share in 2019 with a market share of 45.63%. The rise of the demand for the market in this region was due to the growing popularity of baked goods among consumers. Additionally, the growing working population in North America is expected to boost baking mixes sales.
Europe is also a significant manufacturer of baking mixes, and people in Europe are opting for healthy bakery products that have high fiber, whole grain, and gluten-free. Due to this, the market in the European region will grow rapidly. Economic development and growth in disposable income and rising population in Asia-pacific will contribute to the market growth in this region.
Competitive landscape
The major key players in the baking mixes market are
Associated British Foods plc (UK) contributes highly to the baking mixes market among these major key players.
Recent developments
Report overview
This baking mixes market report explains the market in detail. It gives both qualitative and quantitative analysis of the market. Furthermore, it highlights the effect of a covid-19 pandemic on the market. It also tells about the maror drivers in the market, new opportunities, and the factors hampering the market. It goes deeper by defining market segments, regional analysis, and recent developments in the market.
Segmental table
By Product Type
By Category
By End-Use
By Distribution Channel
Report Attribute/Metric | Details |
---|---|
Market Size | USD 2,890.7 Million (2026) |
CAGR | 4.23% (2018-2026) |
Base Year | 2019 |
Forecast Period | 2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Category, End Use, Distribution Channel |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | General Mills Inc. (US), Conagra Brands, Inc. (US), Chelsea Milling Company (US), Associated British Foods plc (UK), Mondelēz International, Inc. (US), Bob’s Red Mill Natural Foods, Inc. (US), Hain Celestial (US), Keto and Company (US), Continental Mills, Inc. (US), and Dawn Food Products, Inc. (US) |
Key Market Opportunities | High investments in R&D activities |
Key Market Drivers | The Rising Preference For Convenience |
Frequently Asked Questions (FAQ) :
Baking mixes market CAGR would be 4.23% during the forecast period.
Baking mixes market valuation would be USD 2,890.7 Million by 2026.
North America would dominate baking mixes market.
The US would lead the regional baking mixes market.
The APAC baking mixes market would be the fastest-growing region.