Bakery Premixes Market

The bakery premixes industry, currently valued at USD 406 million in 2023 and poised to achieve a 6.0% CAGR, reaching USD 544 million by 2028, is experiencing transformative shifts and innovations. The bakery premixes industry is experiencing significant growth, driven by several factors such as the rising demand for convenient and time-saving baking solutions among consumers. Bakery premixes, including pre-measured and blended ingredients for various baked goods, cater to this demand by simplifying the baking process for commercial and home bakers. Additionally, the increasing popularity of ready-to-use baking mixes and the growing trend of home baking as a recreational activity have contributed to the market's expansion.

The trend observed in the bakery premixes domain is the evolving focus on health and wellness. As consumers increasingly prioritize healthier lifestyles, there has been a shift in the role of bakery premixes to cater to these preferences. Manufacturers are responding to the demand for functional and nutritious baked goods by incorporating ingredients such as whole grains, plant-based proteins, and natural sweeteners into their premix formulations. Gluten-free and allergen-friendly options have also gained prominence, addressing the needs of consumers with dietary restrictions.

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The recent initiatives introduced by industry associations and governmental bodies are marking significant disruptions in the bakery premixes landscape. For instance, The recent announcement by the Food Safety and Standards Authority of India (FSSAI) in September 2020, regarding forthcoming regulations for fortifying processed foods, once implemented, will extend fortification to commodities like buns, breads, biscuits, and other products using wheat as a base. The regulations restrict the amount of fortification to 30-50% of the Recommended Dietary Allowance (RDA). This initiative underscores the commitment to promoting fortified products that contribute to overall public health without compromising nutritional standards. As regulations become more stringent and comprehensive, it is expected to influence the landscape of bakery premixes, encouraging manufacturers to align their formulations with the evolving standards in the interest of public health.

Regionally, the market is predominantly steered by key manufacturers situated in North America, Europe, Asia Pacific, and South America. Companies such as Puratos (Belgium), ADM (US), Cargill, Incorporated (US), Nestle (Switzerland), DSM (Netherlands), and Oy Karl Fazer Ab. (Finland) have been proactively engaging in strategic alliances and innovative product development. This approach is not only solidifying their market presence but also signaling the industry's continual evolution towards more sustainable and efficient industry practices.

Moreover, the landscape of the bakery premixes industry is witnessing a transition propelled by technological innovations and a growing focus on sustainable practices. Advanced technologies, such as precision mixing and automated production processes, are reshaping the manufacturing of bakery premixes, leading to increased efficiency and quality control.

Puratos

Puratos is an international group of companies, which offers a range of innovative food and food ingredient products, application assistance for these products, and raw materials for various sectors, such as bakery, patisserie, and chocolate. To serve the bakery industry, the company offers various premixes, which help develop high-quality dough. The company has a presence in nearly 100 countries globally, with its production centers in 71 countries. In January 2021, Puratos entered into a collaboration with EverGrain, a sustainable plant-based barley ingredients company backed by Anheuser-Busch InBev. This partnership is part of the Puratos FoodTech Innovation program and aims to create circular breads for a more sustainable future in the bakery industry.

ADM

Archer Daniels Midland Company (ADM) is one of the leading players in the market that offers food and beverage ingredients and other products made of various agricultural products. The company functions through various business segments, including origination, oilseeds, carbohydrate solutions, and nutrition. It offers its products under various categories, such as food, supplements, animal nutrition, fuel, industrials, logistics, farmer services, and financial services. The company offers a range of dry bakery mixes, fillings, and icings under its food category. The company has a strong geographic footprint with a presence in 200 countries. In March 2019, ADM launched a new line of organic flours. This new line of flour includes organic, all-purpose flour, and organic premium bread flour, with additional organic milled products that it plans to offer in the coming years.

Bakels Worldwide

Bakels Worldwide focuses on manufacturing and distributing innovative food ingredients and application solutions. The company offers a wide range of products for the bakery industry and tailor-made solutions for various segments, such as bread, pastry, cake, and confectionery. It offers its ingredients to artisans, retail bakers, and industrial bakers. In terms of services, the company has its baking centers in various countries, such as Switzerland, Australia, Thailand, Belgium, and Ecuador. In terms of premixes and concentrates, the company offers its products in the market under two brand names, Country Oven and Pettina. In February 2023, Bakels Chile opened a new Baking Centre in the heart of Santiago, marking the Bakels Group’s latest investment in an innovative, customer-centric facility. This Centre follows the design, ambiance, and capabilities of previous Centers established across the Bakels Group, solidifying its commitment to providing advanced resources for its customers.

Related Reports:

Bakery Premixes Market by Type (Complete Mix, Dough-Base Mix, Dough Concentrates), Application (Bread Products, Bakery Products), and Region (North America, Europe, Asia Pacific, South America and RoW) - Global Forecast to 2028

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