Global biscuit mixes market demand is anticipated to be valued at USD 1,473 million in 2023, forecast to grow at a CAGR of 9.5% to be valued at USD 3,640 million by 2033. Growth is attributed to increasing consumer preferences for ready-to-prepare food. From 2016 to 2021, a CAGR of 4.5% was registered for the biscuit mixes market.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2018 to 2022) | 9.6% CAGR |
| Projected Growth Rate (2023 to 2033) | 9.5% CAGR |
| Expected Market Value (2023) | USD 1,473 million |
| Anticipated Forecast Value (2032) | USD 2,056.9 million |
The global biscuit mixes market is expected to witness lucrative growth over the forecast period, owing to increased demand for bakery products and increased consumption of ready-to-eat products. Manufacturers prefer premix as they benefit from better product reliability, reduced inventory and labor cost, and the potential for improper weighing of ingredients used in the processing of biscuits.
Changing consumer behavior has changed the food consumption pattern in the last few years. The increasing popularity of gluten-free products due to their health benefits, improving digestive health, weight loss, prevention of fatal diseases, the lowered cholesterol levels has increased the demand for biscuit mixes, especially in developed regions.
The demand for convenience food from emerging countries, owing to hectic lifestyles, rapid urbanization, and rising disposable income driving the growth of the global biscuit mixes market.
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The food industry is expected to accrue significant benefits to the global biscuit mixes market due to increasing demand for vitamin and mineral-enriched foods and rising consumer health consciousness. An increase in research and development to improve the nutritional-rich biscuit mixes along with different flavors and tastes boosted the growth of the biscuit mixes market in forecasting years.
The biscuit mixes market is expected to witness significant growth in the near future. This is attributed to the increasing availability of these products across online stores and supermarket hypermarkets. In addition, maintaining a healthy lifestyle and weight loss are other reasons for the rise in demand for sugar-free biscuit mixes across the globe. Thus, manufacturers are focusing on product claims such as vegan, gluten-free, sugar-free, etc., to attract a large number of consumers.
The innovation in biscuit mixes with the addition of nutritional factors such as organic, gluten-free ingredients has influenced the growth of the global biscuit mixes market. The changing consumer’s perception of choosing high-nutritional products is also driving the growth of the global biscuit mixes market. Technological development in processing methods and new techniques are being developed to make biscuit mixes. This will increase the demand for the market through forecasting years.
Although the biscuit mixes market has numerous end-uses, numerous obstacles likely pose a challenge to market growth. The availability of other low-cost alternatives, like a preference for homemade recipes over ready-made mixes, may hinder the biscuit mix market growth.
The strict government rules towards the quality used in bakery products. Also, baked goods are packaged foods that don't last for too long, and it will hamper the baking mix market growth. With increasingly complex rules and regulations, biscuit mixes manufacturing companies are focusing on producing creative and innovative products.
Another factor limiting the growth of the global biscuit mixes market is the lack of manpower for manufacturing practices and retail sales. Also, the shortage of raw materials and disturbed supply chain may limit the growth of the biscuit mixes market in the forecasting year. Also, the major challenge is that the very little demand for baked goods in underdeveloped regions may hamper the growth of the biscuit mixes market in the forecasting period.
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North America was the largest market for biscuit mixes market, and the trend is expected to continue into the forecast period owing to the high preference for homemade baked goods in the region. The increase in disposable incomes of middle-class households in the region leads to convenient and healthier lifestyles expected to augment the biscuit mixes market. The region is forecast to accumulate a 29.0% market share in 2022. The growing popularity of baked goods among consumers boosts the demand for biscuit mixes in the region.
North America is expected to be the next dominant region witnessing high adoption rates for biscuit mixes during the forecast period. With the rapid development of the food industry and comparatively high consumption of biscuits in North America, demand for biscuit mixes products is anticipated to rise in the region. Increasing technological advancements and Research and Development initiatives in the USA and Canada by leading manufacturers also led to major advances.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the biscuit mixes market due to the growing number of bakeries in the region. Europe's biscuit premix market accounts for a 33.0% share of the total global market.
The biscuit Mixes market is expected to witness sustained growth over the forecast period. The biscuit mix market’s growth is driven by its wide applications in bakery and bakery-related products. The consumption of biscuits is comparatively high in the European region. The consumer preference for homemade baked goods is also high in these regions.
Also, the high spending power of consumers on food and beverage and the presence of a large number of players in the region are fueling the growth of the global biscuit mixes market. For instance, the Bakels Group has acquired the flour ingredient business of the Bühler Group. As part of the transaction, 70 employees of Bühler Guangzhou are moving to the new owner, effective immediately.e S
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The Asia Pacific is anticipated to exhibit a significant growth rate in the biscuit mixes market over the forecast period. Factors such as the growing popularity of baked goods among the working population in the region would create lucrative growth prospects for the global biscuit mixes market across the Asia Pacific region.
Asia Pacific region is expected to account for a significant value share of the global market for biscuit mixes due to increasing disposable income and spending power among the customers in the region. The presence of several manufacturers in the Asia Pacific region boosts the market's growth. For instance, Mia&J is a premium Indian confectionery brand that makes clean, natural, and delicious cookies, biscuits, and baking mixes with delightful flavors.
Glanbia Nutritionals, Pristine Premixes, Panama Foods, Bekele, MarvoPride, and Pristine Baking Solutions are some start-up companies operating in the biscuit mixes market
Some key participants in the global biscuit mixes market include General Mills Incorporated, Belle Biscuit Company, Atkinson Milling Co., C. H. Guenther Brands, and Miss Roben's Baking Mixes among others.
The market is highly competitive due to the presence of such a large number of participants. While global players such as General Mills Incorporated, Belle Biscuit Company, and Atkinson Milling Co. account for considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.5% from 2023 to 2033 |
| Expected Market Value (2023) | USD 1,473 million |
| Anticipated Forecast Value (2033) | USD 3,640 million |
| Base Year for Estimation | 2021 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Functional Use, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Mexico, Brazil, Argentina, Germany, Italy, France, United Kingdom, Spain, Russia, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa |
| Key Companies Profiled | General Mills Incorporated; Belle Biscuit Company; Atkinson Milling Co.; C. H. Guenther Brands; Miss Robin's Baking Mixes |
| Customization | Available Upon Request |
The market is estimated to secure a valuation of USD 1,473 million in 2023.
The market is estimated to reach USD 3,640 million by 2033.
The online retail channel holds high revenue potential.
The United States, Canada and the United Kingdom dominate the global market.
The market is forecast to register a CAGR of 9.5% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Functional Use 5.1. Gluten-Free 5.2. Vegan 5.3. Organic 5.4. Sugar-Free 5.5. Paleo 5.6. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Conventional Grocery Stores 6.2. Specialty Natural Food Stores 6.3. Supermarkets and Hypermarkets 6.4. Online Retail Channels 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. General Mills Incorporated 17.2. Belle Biscuit Company 17.3. Atkinson Milling Co. 17.4. C. H. Guenther Brands 17.5. Miss Robin's Baking Mixes 17.6. Associated British Foods 17.7. Pinnacle Foods 17.8. Hain Celestial 17.9. Chelsea Milling 17.10. Namaste Foods 18. Assumptions & Acronyms Used 19. Research Methodology
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Biscuit Mixes Market
