New York, May 04, 2022 (GLOBE NEWSWIRE) — According to detailed industry analysis by Persistence Market Research, the global pastry mix market is expected to be worth US$9.7 billion by the end of 2032.
The demand for gluten-free products is increasing, not only in the market for finished cakes and pastries, but also in the home baking market, where convenience and not having to manage a large number of components to bake a delicious gluten-free cake are important. The need for indulgence has increased during COVID-19, and with more time at home there is a growing demand for great homemade cake systems that are easy and quick to produce, often made without the right ones. tools or the right cooking skills.
Home baking is an example of small businesses that have thrived throughout the shutdowns. It all started when people started cooking delicacies for their friends and loved ones. People started watching baking related videos and tutorials in order to learn and master the craft. People from a variety of backgrounds, including housewives, students, professionals, and even specialists, have started small businesses from home.
Baking mixes are becoming increasingly popular among bakers due to the flexibility they offer. Bakers don’t need to spend a lot of time thinking about the exact amount of baking ingredients needed. Additionally, these mixes help maintain consistency in baked goods by eliminating human error associated with baking ingredient selection, minimizing the likelihood of inaccurate weighing of raw materials, and helping reduce labor expenses. -work and inventory.
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Pastries are cheaper than cakes, and experimenting with pastries is easier and cheaper for home chefs. These are the main elements that propel the baking mix industry forward. Rising disposable income and expanding bakeries are other reasons driving change in the baking mixes market.
Key insights from market research
- The baking mixes market is expected to grow at a volume CAGR of 1.7% and reach 2,864,958 tons by the end of 2032.
- Based on type, choux pastry mixes hold an approximate volume share of 40.2% in 2022.
- Consumption of baking mixes in Latin America is estimated at US$968.5 million by the end of 2032.
- Based on distribution channel, traditional trade is expected to grow at a volume CAGR of 1.9% to reach 970,840 tonnes by 2032.
- The baking mixes market in the GCC countries and Oceania currently stands at US$181.4 million and US$331.9 million, respectively.
- Producers of bakery products use calibrated and enriched mixes of different mixtures to meet customer demand for personalized bakery products.
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“Baking mixes will gain popularity for the foreseeable future due to their features such as convenience, less long, and wide application in various food and retail industries,” says a PersiStence Market Research Analyst.
The leading players in baking mixes business are mainly focusing on increasing their global presence and obtaining certifications in order to establish customer trust through quality system control, and thereby strengthen the brand awareness.
- Dawn Food Products, Inc. has passed the ISO 1900:2008 and HACCP system, as well as gluten-free, halal, kosher, and BRC certifications.
- Swissbake is a developer, manufacturer and distributor of bakery ingredients with operations in Asia, the Middle East, Africa and Europe.
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Explore more valuable insights
Persistence Market Research in its new report offers an unbiased analysis of the global Baking Mixes Market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling insights based on product type (shortcrust pastry mixes, choux pastry mixes, etc.) and distribution channel (traditional trade, modern trade, industrial and catering), across six major regions of the world.
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