Bakery Premixes Market Size & Share to See Modest Growth Through 2024

Bakery premixes are substances that includes combination of ingredients making-up part (usually 40-60%) of the end products to which only flour is added for production of variety of bakery products. Bakery premix contains unique formulations in baking ingredients that offers variety of taste, texture and color to the bakery products such as cake, pastry, white bread rolls, baking flour, muffins, bakery improvers, donut and bread rolls. Many bakery manufacturers are using bakery premixes in various customized bakery products on a large scale globally. Bakery premix provides various benefits to manufacturers including greater product consistency and reducing the chances of incorrect weighing of raw materials used in process of bakery products coupled with decreased labor and inventory costs. Baking premixes also includes leavenings and customized combos of flours and flour types in various products. Manufacturers of bakery products are using standardized enriched blends of various premixes in bakery products in order to fulfill the customer demand for customized bakery products. Thus, the baking premixes helps in increasing the shelf life of products on a large scale.

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Geographically, the global bakery premix industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Globally, among all regions, North America has developed as the most dominant market in bakery premixes followed by Europe. Increasing consumer awareness regarding the benefits of customized premixes in bakery products coupled with inclusion of essential ingredients such as vitamins and minerals, has strengthened the growth of global bakery premix market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

The global bakery premix market driving factors are increasing demand for customized bread-based bakery products with various formulations in baking ingredients due to changing consumer preference, is a major factor that is fuelling the growth of global bakery premix market. Along with changing consumer lifestyle, the demand for natural ingredient bakery products is increasing and hence is driving the global bakery premix market over the forecast period.

Some of the key players identified across the value chain of the global bakery premix market includeEnhance Proteins Ltd., Echema Technologies LLC, Lesaffre, Puratos, Malindra Group, WATSON-INC, Karl Fazer Ab., Allied Mills, Swiss Bake Ingredients Pvt Ltd, Archer Daniels Midland Company and Bakels Worldwide.