Market Trends of Bread Mixes Industry
This section covers the major market trends shaping the Bread Mixes Market according to our research experts:
Increasing Per Capita Consumption of Bakery Products
The increasing per capita consumption of bakery products among consumers under different demographics strongly supported by its convenience factor and wide price range is one of the major factors driving the bread mixes market globally. Several product launches are registered annually with convenience and functional ingredient claims, capturing the attention of consumers looking for a healthy food option. The Bakery product market is driven preliminarily by 'assistance' offered by those convenient products; in that, they significantly reduce the time to prepare meals, thereby providing valuable time savings in the backdrop of busy lifestyles. Consumers are demanding additive-free, non-GMO, clean-label, and health-promoting baked goods. Thus health and convenience, along with indulgence, are expected to be trending in developed markets of bakery products.
North America Holds the Major Share
Growing consumer awareness, higher disposable incomes, and changing lifestyles are driving the market for end-user applications in the bakery. This is leading to a rise in the sale of bread mixes. North America has the highest market share, followed by Europe. Developed countries like the United States, Canada, the United Kingdom, and Germany occupy the major market share, followed by fast-developing regions of Asia-Pacific like China, Japan, and India. The increasing westernization trends in the developing regions of South America and Africa also drive the global bread mixes market.
