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).
Cakes and pastry premixes are convenient and versatile products designed to simplify the process of baking cakes, pastries, and other baked goods. Thus, Cakes and pastry premix segment would capture more than half of the share of the bakery premixes product type market by 2030. RTE premixes come in various flavors and formulations, making them suitable for a wide range of baked goods, including cakes, muffins, brownies, cookies, and pastries. Bakers can customize these premixes with additional ingredients or flavorings to create unique variations. By using premixes, bakeries can reduce the storage space needed for individual ingredients. This is particularly useful for smaller bakeries with limited storage facilities. Some of the factors impacting the market are rising consumer inclination toward nutritious bakery and premix products, mounting demand for shelf-stable and convenient food products, and growing health issues from bakery food consumption.
The rising consumer inclination toward nutritious bakery and premix products is expected to positively impact the RTE demand in several ways, favouring its growth. This trend reflects changing consumer preferences and a greater focus on health and wellness. Consumers are increasingly prioritizing health and wellness, seeking foods that offer nutritional benefits. RTE baked products and bakery premixes incorporating nutritious ingredients can meet this demand. Consumers seek bakery products and premix with clean-label ingredients, free from artificial additives, preservatives, and excessive sugars and fats. Products with transparent ingredient lists are highly favoured. Additionally, consumers are leading increasingly busy lifestyles and seek convenient food options requiring minimal effort and time. RTE baked products, such as pre-packaged muffins, cookies, and bread, offer a quick and hassle-free way to enjoy baked goods without the need for preparation or baking. The demand for RTE baked products aligns with the trend of on-the-go eating. These products are portable and suitable for consumption in various settings, including work, school, and traveling. Shelf-stable RTE baked products are designed to have a longer shelf life, reducing the risk of spoilage and food waste. This feature appeals to consumers looking to stock up on convenient pantry staples. The abovementioned aspects will boost market growth in the upcoming years.
However, high-calorie and high-sugar bakery products, such as pastries, cakes, and certain cookies, can contribute to obesity and weight gain when consumed excessively. Concerns about obesity may lead consumers to reduce their consumption of these products. Bakery products that are high in saturated fats and trans fats, such as some types of fried pastries and donuts, can have a negative impact on cardiovascular health. Consumers concerned about heart health may limit their consumption of such items. Consuming bakery products with high sugar content can increase the risk of developing type 2 diabetes. Individuals with diabetes or those at risk may reduce their intake of sugary baked goods. The abovementioned challenges will hinder the market growth in the coming years.
On the basis of product type, the market is segmented into bakery products and bakery premixes. The bakery premixes segment projected a prominent revenue share in the market in 2022. RTE bakery premixes are convenient and pre-packaged combinations of dry ingredients that simplify the baking process for both home and commercial bakers. These premixes contain most of the essential dry ingredients needed to make a specific baked product. RTE bakery premixes are designed to save time and reduce the complexity of baking, making it easier for individuals or businesses to produce consistent and high-quality baked goods.
Based on distribution channel, the market is fragmented into supermarket/hypermarkets, specialty stores, online retail, and others. In 2022, the supermarket/hypermarkets segment witnessed the largest revenue share in the market. Supermarkets/hypermarkets offer consumers a wide variety of flavors and appealing products. Several products imported from other countries are also available in supermarkets and hypermarkets, and they provide promotional offers and discounts on bulk purchases of baked products and bakery premixes. The daily demand for products, such as breads and casseroles, and their shorter shelf life will contribute to the dominance of supermarkets/hypermarkets in the market.
Under bakery premixes, the market is further classified into bread mix, cookie mix, cakes & pastry mix, and others. The cookie mix segment covered a considerable revenue share in the market in 2022. RTE cookie mix bakery premixes provide a convenient way for consumers to bake homemade cookies without the need to measure and mix individual ingredients. This convenience appeals to both experienced bakers and those with limited baking experience. While premixes offer a convenient base, they often allow for customization. Consumers can personalize the cookies by adding their preferred mix-ins, such as chocolate chips, nuts, or dried fruits.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 138.4 Billion |
| Market size forecast in 2030 | USD 208.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.4% from 2023 to 2030 |
| Number of Pages | 476 |
| Number of Table | 930 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product Type, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe region generated the largest revenue share in the market. Europe is one of the world's giant producers of baked products and bakery ingredients. France, Germany, the UK, and Italy are among the region's largest manufacturers and consumers of baked goods. The region's history, topography, and climate have beneficially influenced the bread-eating customs of these nations. Various grains, including wheat and rye, make various breads for different regions. The predominant food item ingested by Europeans is bread.
Free Valuable Insights: Global RTE Baked Products and Bakery Premixes Market size to reach USD 208.5 Billion by 2030
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 Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
This Market size is expected to reach $208.5 billion by 2030.
Rising consumer inclination toward nutritious bakery and premix products are driving the Market in coming years, however, Growing health issues from bakery food consumption restraints the growth of the Market.
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)
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 Market by Product Type in 2022 thereby achieving a market value of $141.2 billion by 2030.
The Europe market dominated the 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.
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