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Global Baking Mixes Market: Information By Product Type By Category (Conventional, Gluten-Free), By End Use (Retail Consumers, Food Service), By Distribution Channel (Store-Based Non-Store Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2026

Market Overview
Global Baking Mixes Market is estimated to be valued at USD 2,890.7 Million by 2026, registering a CAGR of 4.23% during the forecast period. The rising demand for baking mixes can be attributed to primarily driven by the rapidly evolving consumer preference for product varieties in terms of taste, flavors, and freshness. A shift in consumer lifestyle and rising demand for convenience foods support the growth of the baking mix market on a global platform. Increasing affluence combined with faster-paced lifestyles is driving willingness to skip meals at home and spend on food and snacks ‘on-the-go’ is driving the growth of baking mixes market.

Key Players
Market Research Future recognizes General Mills Inc. (US), Conagra Brands, Inc. (US), Chelsea Milling Company (US), Associated British Foods plc (UK), Mondelēz International, Inc. (US), Bob’s Red Mill Natural Foods, Inc. (US), Hain Celestial (US), Keto and Company (US), Continental Mills, Inc. (US), and Dawn Food Products, Inc. (US) as the Key Players in the Global Baking Mixes Market.

Market Segments
Global Baking Mixes Market has been segmented on the basis of Product Type, Category, End-Use, Distribution Channel and Region.
By product type, the market has been divided into cookie & biscuit mixes, cake, pastry & muffin mixes, bread mixes, and others. The cake, pastry & muffin mixes segment accounted for the largest market share in 2019. The cake, pastry & muffin mixes segment is a very lucrative product segment for the market players owing to the high consumption of cakes, pastries, and muffins. They are sweet baked products consumed throughout the year on any occasion. However, the bread mixes segment is projected to be the fastest-growing segment during the forecasted period.
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Regional Analysis
Geographically, the Global Baking Mixes Market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, North America accounted for a dominant share of the global market in 2019, with the US being the major consumer of baking mixes. The market in Europe also accounted for a significant share in 2019. The Rest of Europe is a key contributor to the growth of the baking mixes market. Consumers are opting for healthy bakery products that contain whole grain, have high fiber content, and are gluten-free. Also, the increasing consumer inclination toward convenience foods due to busy lifestyles is anticipated to drive the growth of the Europe baking mixes market. The Rest of the World is projected to register a CAGR of 3.71% during the forecast period.

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