The global bakery premixes market was estimated at USD 1.18 billion in 2017 and is expected to grow at a CAGR of 4.27% from 2017 to 2025, to reach a value of USD 1.65 billion by 2025. The market growth is attributed to the increasing demand for customized bakery products among the consumers especially in the developed and developing countries.
The U.S., UK, Germany, China, Italy, and Russia, are the major consumers of bread and bakery products. The continuous demand and popularity of such products is expected to drive the demand for the baking premixes market. Use of these premixes has resulted in effortless baking of a lot of varieties of bread and bakery products. The market is gaining an increasing traction especially among the manufacturers due to the reliable and hassle-free production.
The U.S. bread and bakery products market is gaining an increasing momentum primarily driven by the spurring demand for bread products containing high fiber such as wholegrain, or diet and healthy biscuits and cookies. Consumers’ shift towards healthy lifestyle practices will boost the demand for these kind of products, which in turn is expected to drive the production of premix ingredients to meet the requirements.
The average spending of the U.S. households on bakery products per household is expected to increase to USD 383.75 by 2021, wherein most of this expenditure will be on bread products, followed by cakes and cupcakes. This scenario is likely to offer lucrative opportunities for the bakery premixes market to grow in the coming years.
Browse full research report with TOC on “Global Bakery Premixes Market Size and Forecast By Product (Complete Mix, Dough Base Mix, and Dough Concentrates) By Application (Bread and Non-Bread Products) And Trend Analysis, 2019 – 2025” at:
Growing demand for various bakery products such as donuts, pies, pastries, breads, cakes and others, is expected to drive the premixes market growth. This industry is expected to continue growing over the next few years, supported by various factors such as, variety of product innovations, availability of food items at reasonable prices, rapid urbanization, busy lifestyles, and convenience of baked products. The simultaneous growth in the bakery industry is expected to impact the acceptance of premixes market to speed up the production processes.
Rising popularity of products such as whole grain, trans-fat free and multi grain along with increasing demand for flavor preferences are also expected to contribute to the growing acceptance of these premixes among the manufacturers. Increasing consumption of bread based products in India and Australia, is expected to be one of the major factors contributing to the premixes market expansion during the forecast period.
Increasing inclination towards breads, bread rolls, pastries, cakes, pies, pretzels, cookies, crackers, and tortillas is expected to result in the significant application of bakery premixes, over the forecast period. Bread is expected to continue its growth and will remain the most widely consumed bakery product worldwide, whereas pastries and cakes are expected to witness the fastest growth in the coming years.
The introduction of different flavors, rising disposable income, popularity of bakery products in Asia Pacific and Latin America will drive the demand for pastries over the forecast period. Moreover the demand for donuts will considerably increase on account of an indulgence factor and the introduction of modern chains in countries such as China, India and Brazil. These factors are expected to contribute to the prominent growth of the global bakery premixes market over the forecast period.
Key players operating in the global market include Archer Daniels Midland Company, Enhance Proteins LtdEchema Technologies LLC, Puratos, Karl Fazer Ab., Allied Mills, Swiss Bake Ingredients Pvt Ltd, Lesaffre, and Bakels Worldwide to name a few. While premixes for various bakery products such as cookies, cakes and pastries have always been popular among working women, they are now gradually becoming popular among the manufacturers too. This scenario has prompted the companies to introduce premixes for all bakery products such as puff pastries, multi-grain breads and lava cakes.
Browse related reports by Hexa Research:
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- Vegan Yogurt Market – The global vegan yogurt market was valued at USD 748.8 million in 2017 and is anticipated to grow at a CAGR of 16.4% from 2017 to 2025.
- Cold Pressed Juice Market – The cold pressed juice market is anticipated to witness significant growth in the coming years attributed to growing health awareness among consumers.
- Orange Juice Market – The global orange juice market is projected to witness remarkable growth in the coming years owing to changing consumer preference for healthy food products.
Hexa Research has segmented the global bakery premixes market report based on product, application and region:-
Segmentation by Product
- Complete Mix
- Dough-based Mix
- Dough Concentrates
Segmentation by Application
- Bread Products
- Non-Bread Products
Segmentation by Region
- North America
- Asia Pacific
- Central and South America
- Middle East and Africa
SOURCE: Hexa Research
Koinly Launches Cryptocurrency Tax Calculator for UK Traders
Koinly is a fast growing crypto tax startup that promises to help bitcoin investors prepare their crypto tax reports in a fast and efficient manner. By linking exchange accounts and public wallet addresses with Koinly, investors can get a detailed capital gains report within a matter of minutes.
“UK’s capital gains system is one of the most complex and with the thousands of transactions that crypto investors can quickly rake up – there is simply no way to manually do all the calculations. Our aim with Koinly is to make it easy for both crypto traders and accountants to generate their capital gains tax forms,” said Robin Singh, founder of Koinly.
Taxes are an integral part of any financial system and it is a good sign that tax authorities are coming out with clear guidance around cryptocurrencies instead of blanket banning them. However, added tax liabilities may become a deterrent to the mainstream adoption of Bitcoin so tax solutions such as Koinly are likely to play a crucial role in overcoming this.
The platform currently supports some 400 crypto exchanges and wallets as well as 6000 cryptocurrencies. It also comes with tax-planning features that can help investors preview and plan their trades in a tax-efficient manner. Some other features:
– Income reports for Mining, Staking and DeFi interest.
– Capital gains summary form that can be submitted to the HMRC
– Full support for crypto taxes in UK including Share Pooling
HMRC quietly preparing for a clampdown
In August of 2019, the HMRC requested information about cryptocurrency investors from various UK based exchanges such as eToro, CEX.io and Coinbase. This is clearly an attempt to locate investors that have avoided paying tax on their trades. A similar move was also made by the US tax authorities which led to the identification of some 10000 traders, all of whom received letters from the tax agency last year.
Broadridge Brings Together Wealth Business Under Michael Alexander
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, today announced that Michael Alexander has been appointed President, Wealth Management. In this newly created position, he will be responsible for bringing together Broadridge’s Wealth solutions into an integrated, market-leading Wealth Management business that will uniquely address Wealth Management firms’ need to transform their technology and business models. Mr. Alexander will report directly to Tom Carey, President of Global Technology and Operations.
“Mike is a recognized leader in the financial services industry and has a passion for creating leading-edge, SaaS-based wealth management solutions,” said Mr. Carey. “Mike will drive Broadridge’s efforts to enhance the advisor and client experience through a single platform that will be a foundation for the industry.”
As President of Broadridge’s Wealth Management business, Mr. Alexander will take leadership of the Broadridge Wealth Platform, the next-generation open platform that is creating a modern, best-in-class industry-level wealth management technology solution. This platform, which is at the center of a recently announced sale to UBS, enables wealth managers to drive their business to the next level while mutualizing investments in technology, innovation and security. With the Broadridge Wealth Platform, firms will be able to deploy an integrated front-, middle-, and back-office solution that optimizes Financial Advisor productivity, creates a richer client experience and digitizes enterprise-wide operations. Broadridge Wealth Management also offers market-leading component solutions for Advisor Websites, Data Aggregation, Performance Reporting, Corporate Actions, and back- and middle-office Managed Services, among others.
Since joining Broadridge in 2006, Mr. Alexander has taken on roles of increasing responsibility in both technology platforms and managed services. In these roles, he has led numerous complex client engagements and successful acquisitions.
Prior to joining Broadridge, Mr. Alexander was Senior Vice President of Operations at Charles Schwab. He is a member of the SIFMA Operations and Technology Steering Committee.
SOURCE Broadridge Financial Solutions, Inc.
Bajaj Housing Finance Limited Bags the BFSI Digital Innovation Awards 2020 for Cloud Solutions
Bajaj Housing Finance Limited (BHFL), a 100% subsidiary of Bajaj Finance Limited, has won the ‘BFSI Digital Innovation Award’ for Cloud Solutions at the recently held Express BFSI Technology Conclave and Awards 2020.
Organised by the Express Computer, an IT business magazine from the Indian Express Group, the BFSI Technology Conclave and Awards, is one of the largest congregation of IT decision-makers, senior executives and partners in India. The event, held in Pune from January 24th-25th, 2020 witnessed the best from the BFSI sector participate as speakers and share their views on the way ahead for one of the biggest financial markets in the world.
The conclave ended with the BFSI Digital Innovation Awards which were given away to Indian Banks or Indian subsidiaries of MNC BFSI institutions in the BFSI industry that demonstrate the innovative use of a particular technology or a combination of technologies for distinct business benefit. There were 13 distinct categories – like Big Data, Enterprise Mobility, Data Center, Cloud, Artificial Intelligence, Enterprise Security, Blockchain and Enterprise Application among others.
The participants were judged on their effectiveness of deploying a completely new solution or innovative use of existing technology to gain a competitive edge, improve operations, become more responsive to customers and partners or, simply, to add to the top or bottom line.
Sharing his delight at the occasion of winning the award for excellence in Cloud, Atul Jain, Chief Executive Officer- Bajaj Housing Finance Limited said, “It is indeed a proud moment for all of us at BHFL and would like to congratulate the entire team for helping us achieve this prestigious recognition at the Express BFSI Digital Innovation Awards 2020. Since inception, our core mission has always revolved around providing the best experience for our customers through innovation and customer engagement.”
SOURCE Bajaj Housing Finance Limited
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