The Latin America, Middle East and Africa RTE Baked Products and Bakery Premixes Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 3,857.9 Kilo Tonnes, showcasing a growth of 8.1% (2023-2030).
RTE baked products, such as crackers, pretzels, and snack bars, are popular in the snack industry. These items are often consumed as quick, on-the-go snacks. Hotels and resorts offer RTE baked goods as part of their breakfast buffets and room service menus. This includes items like croissants, Danish pastries, and bagels. Airlines often serve RTE baked products to passengers during flights. These items are designed to be easy to reheat and serve in the limited space of an aircraft galley. RTE baked products can cater to specific dietary needs, such as gluten-free, vegan, or low-sugar options. This is important for consumers with food allergies or dietary restrictions.
The rise of online shopping and direct-to-consumer models has affected how RTE baked products are marketed and sold. Many enterprises are focusing on their online presence and delivery options. RTE baked products play a significant role in the snacking sector. Consumers are increasingly replacing traditional meals with snacks, and companies are responding with various snackable options. The demand for gluten-free and allergen-free RTE baked products continues to grow, catering to individuals with dietary restrictions and allergies. Consumers are more interested in and ethnic flavours, introducing diverse baked goods inspired by cuisines worldwide.
In Latin American nations like Brazil and Argentina, there is a strong demand for convenient and affordable food options. RTE bakery products cater to this demand by offering easy-to-eat snacks and breakfast items. Latin American countries have bakery specialties, such as empanadas, arepas, and pan dulce. RTE versions of these specialties cater to local tastes. Rapid urbanization in countries like the United Arab Emirates (UAE), Saudi Arabia, and Qatar has led to lifestyle changes, with consumers seeking convenient food options, including RTE bakery products. The region's strong hospitality and tourism sectors drive the demand for high-quality baked goods, including RTE bakery products, in hotels and restaurants. Due to these aspects, the market will grow across the region in the upcoming years.
The Brazil market dominated the LAMEA RTE Baked Products and Bakery Premixes Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,657.1 million by 2030. The Argentina market is showcasing a CAGR of 7.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.5% during (2023 - 2030).
Based on Product Type, the market is segmented into Bakery Premixes (Cakes & Pastry Mix, Bread Mix, Cookie Mix, and Others) and Bakery Products (Breads, Cakes, Pizzas, Lasagna and Others). Based on Distribution Channel, the market is segmented into Supermarket/Hypermarkets, Specialty Stores, Online Retail, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide RTE Baked Products and Bakery Premixes Market is Projected to reach USD 208.5 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Grupo Bimbo, General Mills, Inc., Puratos NV/SA, Associated British Foods PLC (Wittington Investments Limited), Aryzta AG, Bakels Group (EMU AG), Oy Karl Fazer Ab, Wm Morrison Supermarkets Limited, Bob’s Red Mill Natural Foods, Inc., and Britannia Industries Limited (Wadia group)
By Product Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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