Market Size of Bread Mixes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.67 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Bread Mixes Market Analysis
The global bread mixes market is growing at a CAGR of 4.67% during the forecast period (2020-2027).
The novel COVID-19 pandemic has significantly impacted the entire food and beverage industry, including the Indian bread flour and premixes industry. This pandemic has caused mass production shutdowns and supply chain disruptions, affecting the economy. Due to the lockdown, sales of non-edible products were high during the start of 2020, while sales of edible products, such as bread, cakes, bakery products, and many others, were insufficient due to a labor shortage. A high incidence of in-home cooking will foster demand for products in the premixes segment. With fears of job losses and falling income, consumers may cut spending on discretionary categories by down-trading in the same product category. For example, according to this figure, 191.06 million Americans used bread crumbs, coating, and stuffing products/mixes in 2020, compared to 190.42 million in 2019. As a result, according to U.S. Census statistics, COVID-19 had little impact on the bread mix market category (NHCS).
The global bread mixes market is driven by increased awareness of healthy food. Trade provides the shoppers with a broad rise in population, boosting the market's growth rise in population boost growth of the market.
The shifting trend towards westernization in the developing regions is increasing the demand for convenience foods in the underdeveloped and developing regions of the world. Moreover, there is a rising demand for ancient grain-based and gluten-free bread mixes. Mixes based on ancient grains, such as chia, amaranth, quinoa, Kamut, and sorghum, have also become popular among health-conscious customers.
