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Baking Mixes Market Insights:
According to MRFR analysis, the baking mixes market is expected to register a CAGR of~4.23% from 2020 to 2027 and hold a value of over USD 2,890.7 million by 2027.
The Baking Mixes Market refers to the industry that produces and sells pre-packaged dry ingredients intended for use in baking various baked goods, such as cakes, muffins, bread, cookies, and other desserts. These baking mixes typically include a combination of flour, sugar, leavening agents, and other ingredients that are necessary for making a specific type of baked good. The baking mixes market includes a wide range of products and brands, from basic mixes for home baking to more specialized mixes designed for specific dietary needs or taste preferences.
The COVID-19 pandemic had a significant impact on the baking mixes market. With people spending more time at home due to lockdowns and social distancing measures, there was a surge in demand for baking mixes and other baking products. This was because people had more time to experiment in the kitchen, and also because many turned to baking as a way to relieve stress and anxiety.
Pandemic also led to disruptions in the supply chain, which caused shortages of certain ingredients used in baking mixes. This led to higher prices for some products and made it challenging for some manufacturers to keep up with demand.
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Key Players:
Some of the key market players are: Associated British Foods plc, Hain Celestial, Mondel?z International Inc., Bob’s Red Mill Natural Foods Inc., General Mills Inc., Conagra Brands Inc., Chelsea Milling Company, Keto and Company, Continental Mills Inc., Dawn Food Products Inc.
Market Segmentation:
The baking mixes market has been segmented into type, uses and end-user.
Based on the Type, the market has been segmented into cookie and biscuit mixes, cake, pastry and muffin mixes and bread mixes.
Based on the Category, the market has been segmented into Conventional and Gluten-Free
Based on the End Use, the market has been segmented into retail consumers and food service.
Based on the Distribution Channel, the market has been segmented into store-based and non-store based.
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Regional Analysis:
North America was the largest market for baking mixes this can be attributed to the high demand for convenience foods, busy lifestyles, and the popularity of baking among consumers in the region.
The Asia Pacific region is expected to witness the fastest growth in the baking mixes market due to the increasing adoption of western-style baked goods and the rising popularity of home baking.
Overall, the baking mixes market is expected to continue to grow globally, driven by increasing demand for convenience foods, the popularity of home baking, and the availability of a wide range of product options.
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