Baking Mix and Enzymes Market Rising Valuation to Cross $5,151.0 Million by 2025 | CAGR of 6.2%

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, June 14, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, " Baking Mix and Enzymes Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025," The global baking mix and enzymes market size was valued at $3,384.0 million in 2018, and is projected to reach at $5,151.0 million by 2025, growing at a CAGR of 6.2% from 2018 to 2025.

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Baking Mix and Enzymes are the building blocks of finished bakery foods such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Increase in trend of healthy eating and rise preference for convenience food are the primary factors that boost the market growth. Prominent players and large corporates are developing their products to follow the consumer trends and foster the company growth to occupy notable stance in the global market.

Furthermore, cookies & biscuits, which are consumed as snacks are rapidly gaining popularity especially among the youth. Recurrent product innovations to enhance the taste, texture, and health benefits of the food item fuel the demand for cookies & biscuits. Manufacturers are focusing toward introduction of new flavors and innovative packaging to appealing consumers. Moreover, cookies & biscuits serve as a standard choice for gifting along with other confectionery items such as chocolates. In addition, low-calorie cookies & biscuits are gaining high popularity among health-conscious consumers, which fuel the baking mix and enzymes market growth.

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Moreover, the increase in preference for on-the-go food products, which are readily available in the market has increased, due to changes in eating habits and busy lifestyle. For instance, availability of various instant premix powders in the market to make desserts at home easily without much efforts significantly contributes toward the growth of the market. 

In addition, cakes & pastries are mostly consumed as desserts among youngsters. Increase in disposable income and rise in urbanization are positively affecting the cakes & pastries market. Furthermore, in large cities, the working population mostly prefers on-the-go foods such as snacks, pastries, and cakes. In addition, cake pops, a new type of cake-based snack is gaining increasing popularity among the young population. They are bite-sized cakes that are available in a range of designs and are styled as lollipops. Hence, increase in trend of customizable pastries and cakes along with introduction of new toppings & flavors boost the cakes & pastries market, which is in turn is anticipated to fuel the growth of the global baking mix and enzymes market.

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Based on the baking mix and enzymes market forecast by type, the baking mix segment was the highest contributor to the global market in 2018, as baking mixes are increasingly being used in the preparation of soups, baked goods, and other products. Furthermore, rise in use of bakery ingredients in food parks, hotels, restaurants, and cafés is driving the market growth.

Based on application, the bread segment was the highest contributor in the global baking mix and enzymes market share in 2018 and is projected to grow at a CAGR of 6.3% from 2018 to 2025. However, the rolls and pies segment is expected to grow at the fastest CAGR through the forecast period.

Based on baking mix and enzymes market analysis by region, Europe was the prominent region with majority of market share in 2018 and is expected to remain dominant through the forecast period. However, Asia-Pacific is expected to witness higher growth rate owing to growing adoption of convenience goods and packaged products in the region.

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Key Findings of the Baking Mix and Enzymes Market:

• Based on type, the baking mix segment was the highest contribution in the global baking mix and enzymes market in 2018.

• Based on type, the rolls and pies segment is expected to witness rapid growth in the baking mix and enzymes market.

• Based on application, the bread segment is estimated to grow at a steady CAGR of 6.3% from 2018 to 2025.

• By region, Europe accounted for about two-fifths of the global market share in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period.

𝑻𝒉𝒆 𝒌𝒆𝒚 𝒑𝒍𝒂𝒚𝒆𝒓𝒔 𝒐𝒑𝒆𝒓𝒂𝒕𝒊𝒏𝒈 𝒊𝒏 𝒕𝒉𝒆 𝒃𝒂𝒌𝒊𝒏𝒈 𝒎𝒊𝒙 𝒂𝒏𝒅 𝒆𝒏𝒛𝒚𝒎𝒆𝒔 𝒊𝒏𝒅𝒖𝒔𝒕𝒓𝒚 𝒊𝒏𝒄𝒍𝒖𝒅𝒆:

• 𝗔𝗿𝗰𝗵𝗲𝗿-𝗗𝗮𝗻𝗶𝗲𝗹𝘀-𝗠𝗶𝗱𝗹𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝘆

• 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝗱 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗙𝗼𝗼𝗱𝘀 𝗣𝗹𝗰.

• 𝗖𝗮𝗿𝗴𝗶𝗹𝗹 𝗜𝗻𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝗱

• 𝗘. 𝗜. 𝗗𝘂 𝗣𝗼𝗻𝘁 𝗗𝗲 𝗡𝗲𝗺𝗼𝘂𝗿𝘀 𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝘆

• 𝗜𝗻𝗴𝗿𝗲𝗱𝗶𝗼𝗻 𝗜𝗻𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝗱

• 𝗞𝗲𝗿𝗿𝘆 𝗚𝗿𝗼𝘂𝗽, 𝗣𝗹𝗰.

• 𝗞𝗼𝗻𝗶𝗻𝗸𝗹𝗶𝗷𝗸𝗲 𝗗𝗦𝗠 𝗡.𝗩.

• 𝗗𝗮𝘄𝗻 𝗙𝗼𝗼𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀, 𝗜𝗻𝗰.

• 𝗕𝗮𝗸𝗲𝗹𝘀 𝗚𝗿𝗼𝘂𝗽

• 𝗟𝗮𝗹𝗹𝗲𝗺𝗮𝗻𝗱 𝗜𝗻𝗰.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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