Newark, May 17, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 24.6 billion in 2022 prepared flour mixes market will reach USD 50.2 billion by 2032. In the baking business, prepared mixes are frequently used to accelerate the baking process, add taste, and texture, and extend the shelf life of finished goods. The demand for prepared flour mixes is expected to rise since they are simple to use, enhance the color anyyd quality of flour, and work well with other ingredients used in bakeries such as yeast, sweeteners, frosting, and cream. Due to shifting consumer perspectives toward healthy eating habits, there will likely be an increase in demand for high-quality bakery preparations, which will likely drive market demand. In addition to offering additional nutrients including critical vitamins, lipids, and carbs, prepared flour mixes incorporate additives with specific properties that aid in calorie reduction. Due to people's rising desire to eat wholesome goods, the market will see significant growth.
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Report Coverage Details
| Report Coverage | Details |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Market Size in 2022 | USD 24.6 Billion |
| Market Size in 2032 | USD 50.2 Billion |
| CAGR | 7.4% |
| No. of Pages in Report | 236 |
| Segments Covered | The research segment is based on Product, Distribution Channel, Regions. |
| Drivers | customers may select the mixture that best suits their dietary requirements and tastes. |
| Opportunities | the prepared flour mix business is still relatively new, providing a chance for manufacturers to expand their goods into these areas and reach new customers. |
| Restraints | Customers may be concerned about the freshness and quality of already prepared flour mixes, especially if they have been on shop shelves for an extended length of time. |
Key Insight of the Prepared Flour Mixes Market
Europe is anticipated to expand at the fastest CAGR of 8.2% over the projection period.
Europe is expected to grow at the fastest CAGR of 8.2% over the forecast period. The region's market is expanding as a result of a considerable trend toward freshly baked goods and the rising demand for specialty bread. Consumer demand for bakery goods with clean labels, vegan or plant-based ingredients, and more environmentally produced ingredients is also rising, which supports the region's expansion. Customers in the Europe region like baked goods with increased nutritional advantages and foods that help to maintain strong immune systems and gastrointestinal wellness.
In the prepared flour mixes market, Bakery segment is expected to dominate the market with the CAGR of 8.8% over the projected period.
With a CAGR of 8.8% during the projected period, the bakery category is expected to dominate the global market. Consumption of nutritious bakery ingredients in the USA, Canada, and France is driving up demand. Prepared flour mixes, such as bread, pastry, and batter mixes, have gained popular acceptance in bakeries because they increase crumb homogeneity and decrease the flake content in pastries. Demand is anticipated to increase as bakery shops produce things in large quantities, hence increasing the use of flour mixes in the bakery business.
In the prepared flour mixes market, the bread mix segment dominated the market in 2022 with a market share of 49.8%.
With a market share of 49.8% in 2022, the bread mix category led the global market. The growing use of bread in regular meals will fuel the growth of the market. high fiber, low-carb, and multigrain functional bread are also anticipated to be key factors in the segment's growth over the coming years. Over the forecast period, growth is also anticipated to be fueled by the brisk expansion of the HoReCa sector, a collective term for hotels, restaurants, and cafés. This industry is being targeted by manufacturers in an effort to benefit from its recent expansion and make substantial profits.
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Market Dynamics
Driver
Since prepared flour mixes have a longer shelf life than individual ingredients, consumers who don't bake frequently or who want to have a backup option on hand may find them to be a more convenient choice. Prepared flour mixes also come in convenient, space-saving compact packaging that makes storing easy. Additionally, consumers looking for tastier and more nourishing options can be served by prepared flour mixtures. As opposed to conventional flour mixes, certain mixes, for instance, could contain whole grains or have a lower sugar level.
Opportunity
Manufacturers of prepared flour mixes now have a chance to reach a larger audience and diversify their customer base outside conventional physical stores thanks to the expansion of e-commerce. Additionally, the market for prepared flour mixes is still developing in many emerging markets, giving producers a chance to expand their product lines and attract new customers.
Some of the major players operating in the prepared flour mixes market are:
• Allied Pinnacle Pty. Ltd.
• Intermix
• Rich Products Corp.
• Nisshin Seifun Group Inc.
• Yihai Kerry
• Nitto-fuji International Vietnam Co., Ltd.
• Pondan (PPMI)
• Interflour Group Pte. Ltd.
• ADM
• Lesaffre
• Bakels Group
• PURATOS
• Associated British Foods plc
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Key Segments cover in the market:
By End-Use
• Bakery Shop
• Household
• Food Processing Industry
By Product
• Pastry Mix
• Batter Mix
• Bread Mix
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