Prepared Flour Mixes Market Growth & Trends
The global prepared flour mixes market size is projected to reach USD 41.3 billion by 2027, expanding at a CAGR of 7.1%, according to a new report by Grand View Research, Inc. The increasing demand for bakery products and consumer inclination towards ready to eat food are anticipated to augment market growth over the forecast period.
The prepared flour mix is considered as mixture of functional ingredients, flour, and starches as a readymade dry mix for producing premium quality bakery preparations. It contains most of the ingredients used in baking, such as milk, sugar, salt, and fat. The essential elements required to produce flour mixtures are emulsifiers, sugar, salt, fat, dairy-based products, and wheat flour.
Furthermore, the growing awareness of ready-to-eat food products has led to a surge in demand for bakery products with unique tastes and textures. In turn, this has augmented the industry size to optimize the manufacturing time and provide premium-quality finished products.
Prepared flour mixtures are majorly used in bakery shop applications and are projected to dominate the market at a CAGR of 7.4% from 2020 to 2027. Countries like U.S., U.K., Germany, and France are likely to have the highest number of bakery stores and producers across the globe. Moreover, the presence of significant bakery product producers such as McKee Foods, Grupo Bimbo, and Flowers Foods is projected to boost the growth of the segment over the forecast period.
The market is highly competitive in terms of increased product innovation and investments. Key players in the industry are spending in mass production and research and development to manufacture flour mixtures in a cost-efficient manner that is further anticipated to fuel market growth.
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Prepared Flour Mixes Market Report
Prepared Flour Mixes Market Report Highlights
- In terms of revenue, pastry mixes are projected to ascend at a CAGR of 7.8% over the forecast period because of an extensive range of pastries with numerous flavors, healthy ingredients, and regional trends are significant factors contributing to the growth of the segment
- The high prevalence of numerous lifestyle diseases, mainly in developed countries from North America and Europe, is boosting the product demand. Moreover, the U.S. government has undertaken multiple initiatives to support the consumption of a gluten-free diet in bakery products
- Asia Pacific is expected to witness the fastest growth at a CAGR of 8.2% owing to rapidly changing lifestyles of customers, purchasing power, rising incomes, consumer demand for healthy and nutritional products, favorable government policies in emerging nations such as India and China, will further boost market growth over the forecast period
- In December 2019, Nisshin Seifun Group launched its first premix plant in Vietnam to capture a significant share of the market in Asia Pacific. Such initiatives will also help the company to grow rich human resources in Southeast Asian countries, expand its product portfolio, and operate a well-established distribution network.
Prepared Flour Mixes Market Segmentation
Grand View Research has segmented the global prepared flour mixes market on the basis of product, application, and region.
Prepared Flour Mixes Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016–2027)
- Bread Mix
- Pastry Mix
- Batter Mix
Prepared Flour Mixes Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016–2027)
- Household
- Bakery Shops
- Food Processing Industry
- Others
