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Global Bakery Premixes Market Worth USD 1.65 Billion by 2025: Hexa Research

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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:

https://www.hexaresearch.com/research-report/bakery-premixes-market

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:

  • Soy Food Market – The global soy food market revenue was USD 36.67 billion in 2017 and is expected to reach USD 56.66 billion by 2025.
  • 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
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • India
    • China
  • Central and South America
  • Middle East and Africa

 

SOURCE: Hexa Research

 

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VersaPay Announces Dream Office REIT as Newest CRE Client

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VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that it has added Dream Office REIT (“Dream Office”) as its newest commercial real estate client.

“With our real estate portfolio expanding in Canada and the US, our objective is to enhance our tenants’ experience and provide them with a convenient web-based and mobile portal where they can access their account, retrieve invoices, communicate and make secure electronic payments,” stated Joanne Leitch, Vice President, Property and Operations Accounting at Dream Office. “We want to create efficiencies by eliminating manual processes, minimize errors and reduce the need for tenant account reconciliations. VersaPay offered the platform to make all of this possible.”

“Through our vendor selection process we searched for a company who could provide a platform with extensive functionality with whom we could partner to provide our tenants an improved experience. VersaPay provided what we were looking for in addition to a robust integration with our JD Edwards ERP to provide real-time AR and cash review,” stated Travis Vokey, Vice President and Head of Technology for Dream Office.

“We are so pleased to be working with Dream Office, a forward-thinking Commercial Real Estate company located right here in Toronto,” said Craig O’Neill, CEO of VersaPay. “Dream is a leader in its industry, offering high-quality central business district office properties to an impressive list of tenants. One of the keys to its success has been providing tenants with a market leading experience in all facets of the business, and we’re delighted to extend this to their tenants’ experience in billing and payments.”

 

SOURCE VersaPay Corporation

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Xoom Rolls Out Domestic Money Transfer Services in the U.S.

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Xoom, PayPal’s international money transfer service, today rolled out the ability for customers to send money to recipients in the U.S. for the first time. Through strategic alliances with Walmart and Ria, Americans can now use Xoom to send money fast for cash pick-up typically in minutes at nearly 5,000 locations across the country*.

Xoom’s services potentially benefit more than 44 million foreign-born people in the U.S.1 who send remittances to family and friends in their home countries. With the introduction of domestic money transfer services, Xoom will now serve even more customers, including more than half of Americans who make domestic person-to-person (P2P) payments2. Using Xoom’s mobile app or website, consumers will have the ability to send money quickly and securely for cash pick-up at any Walmart or Ria-owned store in the U.S.

“Many of our customers in the U.S. already send money to loved ones in the country, and they usually prefer that the money is available right away,” shared Julian King, Xoom’s Vice President and General Manager. “This rollout reinforces our commitment to make money transfers fast, easy and affordable for everyone, whether they are at home or on-the-go.”

“At Ria, we are delighted to further consolidate our relationship with Xoom and Walmart,” said Juan Bianchi, CEO of Euronet’s Money Transfer Segment. “Our continued partnership is a fine example of how Ria’s technology can serve as an enabler between platforms, offering consumers and partners an added layer of security and compliance screening, in turn facilitating value creation within the Fintech ecosystem.”

Many consumers in the U.S. face personal, institutional and policy-related barriers to access the financial system. These underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process. With Xoom’s introduction of domestic transfers, Americans can send money at affordable rates for cash pick-up quickly at 4,684 Walmart stores and 175 Ria locations across the United States. For more information on store locations and eligible banks, visit xoom.com.

A pioneer in digital remittances, Xoom is a fast way to securely send money, pay bills and reload phones for loved ones in over 160 countries globally. These remittances serve as a lifeline for many people around the world and are used to pay for every day needs like utility bills, healthcare, and education costs, as well as emergencies. The largely cash-based system of sending money across borders is full of paperwork, high fees, standing in line and an ever-present uncertainty of when, and if, the money will arrive when it’s needed. By providing fast and more secure payment options for customers to seamlessly and securely send money across borders by going online or using a mobile device, PayPal and Xoom are helping to expand and improve the financial health of millions of people worldwide.

*Fees and Limitations apply

 

SOURCE PayPal, Inc.

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SpeakEasy Awarded Cultivation, Processing and Cannabis Sales Licence by Health Canada

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SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (“SpeakEasy” or the “Company“) is pleased to announce that it has received Health Canada’s coveted licence for cultivation, processing and medical sales. The Company, situated on 290 acres of fertile land in the Okanagan’s renowned Golden Mile, has demonstrated adherence to the industry’s rigorous compliance standards, and can now grow and provide its high quality, small-batch cannabis to the burgeoning recreational and medical markets.

With the receipt of the licences, the Company has immediately begun cultivation of cannabis in its 10,000-square-foot, purpose-built, state of the art facility. The Company has aquired an extensive library of unique genetics that will be used as starting material for the cultivation of cannabis at the facility.

SpeakEasy’s outdoor cultivation site has also been completed and stands ready to receive these genetics for the 2020 growing season. SpeakEasy plans to submit its evidence package for the outdoor field and amend its licence to allow outdoor cultivation on its 60 acre field. “Receiving our licence at long last, is a dream come true for all of us in the SpeakEasy family. The support we have received from shareholders, employees, family and friends has been overwhelming and I appreciate you all more than I can say,” says Marc Geen, founder of SpeakEasy. “When it comes to producing phenomenal craft cannabis, farms will always be superior to factories and culture will always speak louder than corporations. Real people recognize authenticity and SpeakEasy intends to lead by example, sharing the story of our people through the excellence of our product.” With the anticipation of receiving its outdoor licence, SpeakEasy is positioned to become one of the largest cannabis producers in Canada with extremely low cost per gram outdoor grown flower and extremely high quality small batch indoor flower.

SpeakEasy recently completed the transformation of a 60 acre orchard into a custom built outdoor cannabis cultivation environment. The fertile agricultural land is expected to enable the farm to produce up to approximately 70,000kg of cannabis flower and the Company plans to double the output to up to approximately 150,000kg, pending approval of its outdoor cultivation licence.

Construction commenced in the fall of 2017 on the 80,000-square-foot SpeakEasy campus in anticipation of demand for SpeakEasy’s craft cannabis flower and value added products. Buildings two and three were completed to lock-up in the second quarter of 2019 and building four, another 26,600-square-foot facility commenced in the spring of 2019 and is also at the lock-up stage of its development. The anticipated use of building four is the processing of sun grown outdoor flower and biomass for extraction. SpeakEasy has accumulated an impressive library of unique genetics from sources outside existing licence holders, empowering the Company to develop new strains, unique to SpeakEasy, for both indoor and outdoor cultivation.

SpeakEasy founders and team members are long standing advocates for the value of community and harnessing the power of combined expertise through successful farming cooperatives. SpeakEasy now plans to apply the same values for cannabis farming. SpeakEasy’s innovative business model is designed to support industry-leading talent through shared knowledge, resources and passion, with a commitment to maintaining exceptional quality standards and developing unique cannabis strains. The Company empowers experienced growers and geneticists to operate independently with the freedom to develop each cultivar to perfection.

 

SOURCE Speakeasy Cannabis Club Ltd.

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