The Prepared Flour Mixes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Prepared Flour Mixes Global Market Report 2024, 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.
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.
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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
Major companies operating in the prepared flour mixes market are developing new products such as gluten-free flour mixes to gain a competitive edge in the market. Gluten-free refers to a dietary category or food product that does not contain gluten, a mixture of proteins found in wheat and other grains such as barley and rye. Gluten is known to cause adverse reactions in individuals with celiac disease, gluten sensitivity, or wheat allergy. For instance, in March 2023, Les Aliments Dainty Foods Inc., a Canada-based rice and rice flour company, launched an innovative line of Gluten-Free Baking Mixes. The 4 easy-to-make baking mixes include Chocolate Cake, Doughnut Pancakes, Fudgy Brownies, and Vanilla Cupcakes, requiring minimal prep time. Accompanying the lineup is an All-Purpose Gluten-Free Flour blend, serving as a versatile substitute for wheat flour in various recipes. The products feature pronounceable ingredients, devoid of artificial colors, flavors, or preservatives. The packaging, made from an innovative material, emphasizes sustainability with 25% post-consumer recycled material and full recyclability. The line aims to deliver a gluten-free baking experience that is both simple and satisfying.
The prepared flour mixes market report table of contents includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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