Overview and Scope
Prepared flour mixes are pre-made dry mixes used to make gluten-free products. Prepared flour mixes are widely used in the baking industry to improve product flavor and texture.
Sizing and Forecast
The prepared flour mixes market size has grown strongly in recent years. It will grow from $26.9 billion in 2023 to $29.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to changing consumer lifestyles, rising urbanization, growing demand for ready-to-cook products, expanding foodservice industry, increasing disposable income.
The prepared flour mixes market size is expected to see strong growth in the next few years. It will grow to $42.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to innovation in product varieties, convenience in home cooking, emphasis on sustainable and clean label products, rise in plant-based and gluten-free options, culinary exploration and fusion cooking. Major trends in the forecast period include sustainability considerations, plant-based and alternative ingredients, innovations in packaging, customization and personalization, globalization of flavors.
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Segmentation & Regional Insights
The prepared flour mixes market covered in this report is segmented –
1) By Type: Batter Mixes, Bread Mixes, Pastry Mixes, Other Types
2) By Distribution Channel: Direct Sales, Indirect Sales
3) By Application: Household, Bakery Shop, Food Processing, Other Applications
North America was the largest region in the prepared flour mixes market in 2023. Asia-Pacific was the second largest market in prepared flour mixes market. The regions covered in the prepared flour mixes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for ready-to-eat (RTE) foods and processed products is expected to propel the growth of the prepared flour market. Ready-to-eat products are used to prepare food easily, and some of the products, such as cereal and baby foods, use prepared flour mixes. People have been choosing ready-to-eat meals as they are convenient, and companies are also expanding their opportunities in this market. For instance, according to the survey conducted in February 2021 in Malaysia by Food Research, a US-based Open Access journal, 52% of the respondents consumed RTE food two to four times a week, and around 44% of them consumed RTE food during lunch. Therefore, increasing demand for ready-to-eat food products is driving the growth of the prepared flour mix market.
Key Industry Players
Major companies operating in the prepared flour mixes market report are Nestlé S.A., Archer Daniels Midland Company (ADM), PepsiCo Inc., Mondelez International Inc., The Kraft Heinz Company, General Mills Inc., Conagra Brands Inc., ITC Ltd., Kerry Group plc, Smucker, J.M. Smucker Company, Arçelik A.Ş., McCormick, McCormick, Nisshin Seifun Group, AB Mauri, Nippon Flour Mills, Puratos, Britannia Industries Ltd., Nitto-Fuji International, Continental Mills, CJ Foods Milling Vietnam, Chelsea Milling Company, Interflour Group, Allied Mills, Yihai Kerry, Vinh Thuan, Prima Flour, Orangerie, IREKS, Parle Agro Pvt Ltd., G.R.B. Agro Limited, Everest Flour Mills Limited
The prepared flour mixes market report table of contents includes:
1. Executive Summary
2. Prepared Flour Mixes Market Characteristics
3. Prepared Flour Mixes Market Trends And Strategies
4. Prepared Flour Mixes Market – Macro Economic Scenario
5. Global Prepared Flour Mixes Market Size and Growth
…..
32. Global Prepared Flour Mixes Market Competitive Benchmarking
33. Global Prepared Flour Mixes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Prepared Flour Mixes Market
35. Prepared Flour Mixes Market Future Outlook and Potential Analysis
36. Appendix
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