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14 / May 2020 powderbulk.com and Dough Concentrates), Application (Bread Products and Bakery Products (Cakes, Pastries, Muffins, Donuts, and Pancakes)), and Region (NA, EU, APAC, SA, RoW) — Global Forecast to 2025 by Markets and Markets, a market research company. Premixes are becoming a key revenue gen- erator in various regions. In South America, Brazil is becoming more urbanized, which the report attri- butes to increased demand there. In Europe, Russia is expected to be the fastest-growing country-level market during the forecast period, which is a market opportunity for companies producing premixes. By premix type, the complete mix segment is preferred by the food service industry. This segment only requires water to be added, and the food service industry is one of the largest end-users of the complete mix segment. According to the report, both developing and developed countries are expected to expand their food service indus- tries, encouraging bakery premixes manufacturing companies to enter the market. The bakery premix market also offers the ability to access multiple ingredients from a single source because mixes generally contain flour, improvers, and grains along with baking ingredients like sugar, fat, and powdered milk. For exam- ple, in the food service industry, the use of premixes reduces the number of operations involved in producing bread, which is con- venient for direct consumers, industrial-scale bakers, and food service companies. For more info and to purchase a copy of the report for $4,950, visit www.market sandmarkets.com. ysis & Competition Tracking: Global Market Insights 2019 to 2029 by Fact. MR, a market intelligence company. In 2019, the market was expected to grow about 2.5 percent year over year. During the forecast period, the report predicts that the sodium formate market will grow at a 3 percent compound annual growth rate (CAGR). Some stakeholders are expected to strengthen sustainable raw material pricing strategies and will take advantage of the material's importance as a deicing agent. The sodium formate has had slow demand because the material has multiple lower-priced alterna- tives. However, sodium formate research studies show that the material has considerable biode- gradability, making it appealing to companies that require more sustainable materials. The material is also suitable for a few emerging end-use sectors, including the ani- mal feed and cosmetics industries. Global specialty chemicals com- pany Perstorp, Malmö, Sweden, also expanded its sodium formate capacity in 2019 by building a new plant in Perstorp, Sweden, to pro- duce Pergrip Run NF, a sodium formate deicer product that's used at many of Europe's airports and cities. For more info and to pur- chase a copy of the report for $4,500, visit www.factmr.com. Bakery premixes market forecast to grow at 5.6 percent CAGR The bakery premixes market size was estimated to be $298 million in 2019 and is expected to grow at a 5.6 percent compound annual growth rate (CAGR) from 2019 to 2025, reaching a value of $413 million by the end of the forecast period. This is according to the report Bakery Premixes Market by Type (Complete Mix, Dough-Base Mix, increasing foreign participation in the region's manufacturing means that higher quality packaging mate- rials and more technologically advanced packaging machinery is predicted to increase. For more info and to purchase a copy of the report for $6,400, visit www.freedonia group.com. Sodium formate market forecast to improve as nontraditional applications emerge Sodium formate is a material used in the fabric dyeing and printing industries, as a food additive, and as a deicing agent among other uses. The consumption of this material in 2018 was about 640,000 tons, according to the report Sodium Formate Market Forecast, Trend Anal- KEEP THE LATEST INFORMATION AT YOUR FINGERTIPS. WWW.POWDERBULK.COM/SUBSCRIBE