The global prepared flour mixes market is expected to exhibit a growth rate (CAGR) of 6.2% during 2023-2028.
Prepared flour mixes are a combination of flour, salt, functional ingredients, and starches. These readymade dry mixes are primarily utilized for preparing high-quality baked goods. Flour mixes are manufactured for domestic use and also to be utilized in small- and medium-sized commercial bakeries. Prepared flours can be fortified with particular ingredients, such as vegetable proteins, dietary fibers, low-fat content, and special minerals. These mixes are also infused with measured quantities of different additives, including lecithin, emulsifiers, thickeners, and enzymes. Flour mixes are pre-shaped, premixed, and available in a refrigerated form to offer utmost convenience to the consumer.
There has been a rise in the demand for healthy bakery preparations due to changing eating habits and increasing prevalence of lifestyle diseases, like obesity and diabetes. This rising demand is primarily being catered by the cholesterol-free, fiber-rich, and low-fat production of prepared flour mixes, which represents one of the key factors driving the market growth. Moreover, there has been an increase in competition amongst market players in the baked goods sector, which is shifting focus toward time-effective and improved baking processes. On account of the global shift, the market is witnessing an inflating demand for high performance prepared flour mixes. Manufacturers have also started offering custom-formulated flour solutions for premium-category consumers. These offerings have enabled market players to target a niche consumer base, which is propelling the global prepared flour mixes market growth. Longer shelf life, easy transportation, and storage of readymade flour mixes are some other factors that are supporting the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global prepared flour mixes market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
- Bread Mix
- Pastry Mix
- Batter Mix
Breakup by Application:
- Bakery Shops
- Food Processing Industry
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allied Mills Limited (Associated British Foods Plc), Archer-Daniels-Midland Company, Bakels (EMU AG), Interflour Group Pte Ltd. (Pacific Agrifoods Pty Ltd.), Lesaffre, Nisshin Seifun Group Inc., PT Pondan Pangan Makmur Indonesia (PPMI), Puratos Group, Rich Foods Corporation, Tai Ky Food Flour Corporation and Yihai Kerry (Wilmar International Limited).
|Base Year of the Analysis
||Product, Application, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Allied Mills Limited (Associated British Foods Plc), Archer-Daniels-Midland Company, Bakels (EMU AG), Interflour Group Pte Ltd. (Pacific Agrifoods Pty Ltd.), Lesaffre, Nisshin Seifun Group Inc., PT Pondan Pangan Makmur Indonesia (PPMI), Puratos Group, Rich Foods Corporation, Tai Ky Food Flour Corporation and Yihai Kerry (Wilmar International Limited)
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Key Questions Answered in This Report:
- How has the global prepared flour mixes market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global prepared flour mixes market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global prepared flour mixes market and who are the key players?
- What is the degree of competition in the industry?