The global bakery premixes industry, valued at USD 406 million in 2023, showcases a remarkable growth projection, anticipated to escalate to USD 544 million by 2028, indicating a robust compound annual growth rate (CAGR) of 6.0% during the forecast period. According to the Food and Agriculture Organization of the United Nations (FAO) report of 2019, bread and bakery products play a crucial role in improving nutrition or obtaining food security. Bread, often referred to as a “staple food,” is a primary source of dietary energy while bakery products are rich in essential nutrients such as vitamins, minerals, and fiber, contributing to a well-balanced diet.

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Cakes, bakery product segment is poised for remarkable growth with the highest projected CAGR in the upcoming forecast period.

The cake segment within the bakery premixes market is in demand due to the increasing consumer preference for convenient baking solutions coupled with the rising trend of home baking. The convenience offered by bakery premixes in crafting delectable cakes has become a key driver, catering to seasoned bakers needs. Additionally, growing urbanization, busy lifestyles, and a surge in disposable income have led to an increase in the demand for ready-to-use baking solutions, further fueling the growth of the cake segment in the bakery premixes market. As consumers seek a balance between quality and convenience, manufacturers capitalize on this trend, introducing innovative and diverse cake premix offerings to meet evolving consumer preferences.

UK is poised to maintain its dominant position within the European bakery premixes market throughout the forecast period.

The driving factors behind the UK’s sustained leadership are its commitment to product development and adaptation to changing consumer demands. The British bakery industry has shown a remarkable ability to innovate, introducing new flavors, healthier options, and convenient solutions that resonate with modern lifestyles. UK’s global reputation for culinary expertise and adherence to stringent quality standards further boosts its standing in the European bakery premixes sector. British brands are synonymous with quality, and this reputation fosters trust among consumers and business partners contributing to the country’s continued dominance.