The Asia Pacific Bakery Premixes Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 48,137.1 Tonnes, showcasing a growth of 6.5% (2019-2022).
The rise of plant-based diets and the growing popularity of veganism have spurred the development of bakery premixes that exclude animal-derived ingredients. Plant-based and vegan options in premixes appeal to a broader consumer base. Including plant-based ingredients and the absence of animal products in premix, formulations cater to the increasing demand for sustainable and cruelty-free options.
Clean label preferences, characterized by a demand for transparency in ingredient sourcing and minimal processing, influence bakery premix formulations. Consumers are increasingly seeking products with recognizable and natural ingredients. Manufacturers are responding by formulating premixes with clean label attributes and avoiding artificial additives, preservatives, and other ingredients perceived as undesirable. For example, Puratos has introduced Sapore Softgrain, a range of natural and clean-label sourdoughs in powder form that can be used as a premix. This innovation provides bakers with a convenient way to incorporate sourdough into their recipes, offering the flavor and texture benefits of traditional sourdough without the complexity of maintaining a sourdough starter.
The growth of e-commerce platforms in China has facilitated the expansion of the market by providing a convenient and accessible avenue for consumers to purchase products. According to the International Trade Administration (ITA), China is the largest e-commerce sector globally, generating almost 50 percent of the world's transactions. China's online retail transactions reached more than 710 million digital buyers and $2.29 trillion in 2020, with forecasts to reach $3.56 trillion by 2024. In 2021, China became the largest e-commerce sector, with sales of $1.5 trillion. Hence, the expansion of the bakery industry and the growing e-commerce sector in the region is propelling the market's growth.
The China market dominated the Asia Pacific Bakery Premixes Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $46,821.1 Thousands by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
Free Valuable Insights: The Global Bakery Premixes Market is Predict to reach $ 615.8 Million by 2030, at a CAGR of 6.3%
Based on Type, the market is segmented into Complete Mix, Dough-base Mix, and Dough Concentrates. Based on Application, the market is segmented into Bakery Products (Cakes, Donuts, Muffins, Pastries, Pancakes, and Others), and Bread Products. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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