The North America RTE Baked Products and Bakery Premixes Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,444.5 Kilo Tonnes, showcasing a growth of 4.9% (2019-2022).
Consumers are increasingly looking for healthier options in RTE baked products. This includes products with lower sugar, reduced sodium, whole grains, and cleaner ingredient lists. Gluten-free, organic, and vegan options are also gaining popularity. There's a growing demand for products with clean and transparent labels, which means fewer artificial additives, preservatives, and chemicals. Consumers are more concerned about the quality and source of ingredients. The busy lifestyles of consumers continue to drive demand for convenient RTE baked products. Single-serve and portable options like snack bars, individual pastries, and mini sandwiches are in high demand.
Consumers seek unique and innovative flavours and ingredient combinations in baked goods. Flavour trends may include exotic spices, herbs, and international flavours. Environmental concerns are influencing consumer choices. Sustainable packaging, responsible sourcing of ingredients, and efforts to reduce food waste are becoming essential considerations for consumers and businesses. Consumers are willing to pay a premium for high-quality RTE baked products and bakery premixes. Premium ingredients, artisanal craftsmanship, and unique recipes can command higher prices.
Convenience is a significant driver of adoption in North America. Busy lifestyles and a preference for quick and easy meal solutions have led consumers to choose RTE baked products that require minimal preparation. RTE baked products save consumers time in the kitchen. With premade options readily available, people can enjoy freshly baked goods without the effort of baking from scratch. North Americans often lead fast-paced lives, and RTE baked products are suitable for on-the-go consumption. They are convenient options for breakfast, snacking, and quick meals. RTE baked products, such as muffins, granola bars, and pastries, are popular for breakfast and snack occasions. They cater to the region's snacking culture. The above factors will expand the market growth.
The US market dominated the North America RTE Baked Products and Bakery Premixes Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $43,573.9 million by 2030. The Canada market is experiencing a CAGR of 7.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.7% during (2023 - 2030).
Based on Product Type, the market is segmented into Bakery Premixes (Cakes & Pastry Mix, Bread Mix, Cookie Mix, and Others) and Bakery Products (Breads, Cakes, Pizzas, Lasagna and Others). Based on Distribution Channel, the market is segmented into Supermarket/Hypermarkets, Specialty Stores, Online Retail, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The RTE Baked Products and Bakery Premixes Market is Predict to reach $208.5 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Grupo Bimbo, General Mills, Inc., Puratos NV/SA, Associated British Foods PLC (Wittington Investments Limited), Aryzta AG, Bakels Group (EMU AG), Oy Karl Fazer Ab, Wm Morrison Supermarkets Limited, Bob’s Red Mill Natural Foods, Inc., and Britannia Industries Limited (Wadia group)
By Product Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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