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Multigrain Premix Market to Surpass US$ 483.3 Mn by 2032, As Demand for Nutritious Bakery Goods Bolsters – Future Market Insights, Inc.

Future Market Insights Global and Consulting Pvt. Ltd.
8 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

Sales of multigrain premixes the Germany market are expected to grow at a CAGR of 6.1% during the assessment period. In terms of value, the U.S. held the largest share in 2022. Demand for multigrain premixes is slated to increase at a CAGR of 7.5% during the forecast period 2022-2032

DUBAI, United Arab Emirates, July 21, 2022 (GLOBE NEWSWIRE) -- According to a recent report by Future Market Insights, sales of multigrain premix market are estimated to reach a valuation of US$ 483.3 Mn by 2032, surging at a 7.8% CAGR through the assessment period.

Due to changing consumer preferences, multi-grain premixes are gaining popularity for use in bakery applications as the bakery industry has been flooded with new products such as gluten-free bakery premix and egg-free premix.

The global food and beverage market is undergoing significant transformations, with snacking, natural ingredients, wellness, and health at the forefront of consumer food preferences. With a strong emphasis on lowering the burden of lifestyle diseases such as diabetes, obesity, and high levels of cholesterol, demand for multi-grain premixes is expected to skyrocket in the near future.

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Growing bread and bakery product consumption, particularly in Asian countries, is expected to boost demand for bakery ingredients such as multi-grain premixes. Increasing number of cafés and coffee culture, as well as rising per capita bread consumption in the region, will create opportunities for growth in the market.

“Given the growing prevalence of gluten intolerance among consumers, manufacturers are introducing gluten-free variants of multigrain premixes to improve sales,” says an FMI analyst.

Key Takeaways:

· The multigrain premix market in the U.S is estimated to grow at a CAGR of 7.5% during the forecast period.

· Europe is expected to emerge as one of the most lucrative regions, with sales growing at a 6.1% CAGR over the assessment period.

· Based on source, wheat is estimated to have a larger share in terms of value. After wheat, maize or corn segment shares the second largest share in terms of value.

· By end use applications, bread holds the largest share in terms of value followed by biscuits and cookies.

· Sales of conventional multigrain premix will increase at a 7.5% CAGR though 2032.

Competition Landscape

Some of the key multigrain premix manufacturers include DSM, Midas Foods Pvt. Ltd., Puratos Group, Suntrails Foods, KOMPLET International, Swiss Bake Ingredients Private Limited, AB Mauri, and Sonnenveld.

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