Published Date: 3-Nov-2023
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According to a new report, published by KBV research, The Global RTE Baked Products and Bakery Premixes Market size is expected to reach $208.5 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 31,587.9 Kilo Tonnes, experiencing a growth of 5.1% (2019-2022).
The Bakery Products segment is leading the Global RTE Baked Products and Bakery Premixes Market by Product Type in 2022 thereby achieving a market value of $141.2 billion by 2030. RTE bakery products are baked goods fully prepared and packaged for immediate consumption without further cooking or baking. These products are convenient, require little to no preparation, and are often enjoyed as snacks, breakfasts, or desserts. These products are commonly found in supermarkets, convenience stores, cafes, and bakery sections of various food service establishments.
The Specialty Stores segment is showcasing a CAGR of 5.6% during (2023 - 2030). These specialty stores include various types, and the availability of RTE baked products and bakery premixes may vary depending on the store's focus. Specialized bakeries often offer a variety of RTE baked products, including pastries, bread, cakes, and cookies. These establishments may also sell bakery premixes for customers who want to replicate their products at home. Specialty stores are a great place to discover unique, high-quality baked goods and ingredients tailored to specific tastes and dietary preferences.
The Europe market dominated the Global RTE Baked Products and Bakery Premixes Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $71,676 million by 2030. The Asia Pacific market is anticipated to grow at a CAGR of 5.7% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 5.2% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
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