Pune, India, July 26, 2019 (GLOBE NEWSWIRE) -- Baking Mixes Market Estimated to Witness a Rapid Growth during the Forecast Period (2018-2022), reveals the latest report by Market Research Future (MRFR).
Market Insight
The Global Baking Mix Market, as discussed in the report of the same by Market Research Future (MRFR) is expected to achieve 3% CAGR during the forecast period (2016-2022). Baking mix is gaining popularity owing to its ability to save time and simplify work process. It is a simple pre-mixed formulation containing ingredients in needed ratio that finds application in the making of cakes, pancakes, and cookies. The product is a blend of mostly flour, baking powder, baking soda, yeast, sugar, salt, and others.
On the flip side, use of chemicals could restrict the expected market growth as more and more people are now getting concerned regarding their health and rejecting products that contain chemicals and added preservatives.
Easy availability, time-saving procedures, and hassle-free execution are factors that is expected to trigger the market in the coming years. The product is gaining widespread popularity among the youngsters owing to which its growth is becoming significant in the home sector. At the same time, several ready-to-go food providers are popping up who are providing traction to the market.
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Key Players and Industry Buzz
The Global Baking Mix Market, as described in MRFR report, includes influential companies such as- Duncan Hines (U.S.), Hungry Jack (Australia), Pillsbury (U.S.), Jiffy (U.S.), Betty Crocker (U.S.), King Arthur Flour (U.S.), Pioneer brand (U.S.), Nestle (Switzerland)
Moreover, baking mixes are an easy way to quickly bake cakes without much of hassles, the popularity of which has been accelerated with the introduction of mug cake mixes. Encouraged by the popularity of baking mixes, manufacturers are experimenting with new blends and offering baking mixes in various flavors. Innovations and developments in ingredients have also impacted market growth. Introduction of novel varieties such as gluten-free baking mixes has made them popular among health-conscious consumers. However, the growth of the market might be hampered by consumer dissatisfaction. Besides, baking mixes contain added preservatives and are averted by health-conscious consumers.
Regional Analysis
The Global Baking Mix Market, as per the regional analysis of MRFR, spans across North America, Europe, Asia Pacific and Rest-of-the-World (RoW). Their volume-wise and value-wise surge analysis would reveal important growth pockets that can take the market forward in the coming years.
The popularity of baking mixes, high-level of disposable income, and the food choices that mostly rely on baking mixes for end-products are responsible in making North America the leader of the global market. The huge population, and the presence of the U.S. are effective reasons that are bolstering the market growth in the region. Europe is also experiencing similar kind of prospect. The tendency to consume bakery and confectioneries in countries such as Germany, Italy, Spain, and the U.S. are quite high that could steer the market forward. Innovation is also the key for long sustenance.
The APAC market is expecting a moderate growth. However, huge population and growing trend of opting for ready-to-go food are percolating sectors owing to which the market can gain more. High disposable income, increasing affinity for baking products and easy affordability are factors that would support the market growth.
Browse the market data and Information spread across 110 pages with 26 data tables and 17 figures of the report “Baking Mixes Market - Forecast 2018-2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/baking-mixes-market-2151
Segment Analysis
The global Baking Mixes Market has been segmented based on type and functional use.
By type, the market has been segmented into cookie & biscuit mixes, cake & muffin mixes, bread mixes, pancake & waffle mixes, and others. By functional use, the market has been segmented into gluten-free, vegan, organic, sugar-free, paleo and others.
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Baking Ingredients Market Research Report by Product Type (Emulsifiers, Leavening agents, Enzymes, Oils, Fats, and shortenings, Colors & Flavors, Starch and others), Application (Bread, Cookies & biscuits, Rolls & pies, Confectionary and others) and Region – Forecast to 2023
https://www.marketresearchfuture.com/reports/baking-ingredients-market-6692
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