Prepared Flour Mixes Market Size, Share, Trends Global Analysis 2021-2028
Posted by Prabha Mahajan on September 27th, 2022
The scope of our recent study on “Prepared Flour Mixes Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Category (Gluten Free and Conventional) and Application (Breads, Cakes, and Others),” consists of understanding the factors responsible for the growth of the market along with the estimates and forecast of the revenue and analysis of market share. It also highlights the significant market players and their key developments.
The Prepared Flour Mixes Market was valued at US$ 23,192.15 million in 2021 and is projected to reach US$ 33,370.85 million by 2028; it is expected to grow at a CAGR of 5.3% from 2021 to 2028.
Prepared flour mixes are ready-made dry mix that contains a mixture of flours, functional ingredients, starches, flavors, and other ingredients. Besides, they contain ingredients in defined qualities that help reduce calories and provide additional nutrients, such as essential fats, vitamins, and carbohydrates. Prepared mixes are extensively being used in the baking & confectionery industry owing to its multiple benefits which include minimizing the preparation time, providing flavor & texture, and augmenting the shelf life of final products.
Currently, the bakery sector holds high growth potential and is anticipated to garner a prominent position in the food processing industry. This growth is attributed to the increasing demand for bakery items due to the busy lifestyle of consumers and their inclination toward ready-to-eat convenience foods, containing high nutritional values. There is an increasing demand for low trans-fat and gluten-free bakery products among health-conscious consumers as well. Prepared flour mixes are used for producing high-quality bakery preparations. It includes most of the ingredients utilized in baking, such as sugar, fat, emulsifiers, wheat flour, salt, and dairy products. Also, alarming obesity rates and growing health concerns among people are opting for healthier bakery products, raising the need for prepared flour mixes across the world. Prepared flour mixes are extensively used in the baking industry to reduce the preparation time, improve flavor and texture, and enhance the shelf-life of finished products.
Furthermore, various bakery products, such as rolls, bread, buns, cookies, wafers, cakes, biscuits, and crackers are staple foods of a majority of the populace in Europe and North America. The countries in these regions are also known to have the highest number of gluten-intolerant populations, worldwide. The populace in these regions is shifting to gluten-free dietary lifestyles on a large scale. Gluten is a protein that is majorly found in four grains, namely, rye, wheat, barley, and triticale (crossbreed). Its main purpose is to offer elasticity to the dough, which is further utilized to produce a product line by imparting a chewy texture and maintaining its shape. However, this protein is not suitable for every consumer, resulting in several health-related issues. Therefore, companies are focusing on manufacturing and marketing a line of gluten-free products, as they witness a demand for it from consumers suffering from gluten intolerance.
Based on category, the prepared flour mixes market is bifurcated into gluten free and conventional. The conventional segment accounted for a larger market share in 2020. The conventional prepared flour mixes are easily available at comparatively low price than the gluten free prepared flour mixes. However, the gluten-free segment is expected to register a higher CAGR in the market during the forecast period.
Based on application, the bread segment accounted for the largest market share in 2020. However, the prepared flour mixes market for the cakes segment is anticipated to grow at the fastest pace during the forecast period.
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Geographically, the global prepared flour mixes market is segmented into five regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia-Pacific held the largest market share in 2020. The market growth in Asia Pacific is primarily attributed to the rising consumption of bakery products in the region with respect to the population. The rapid mushrooming of western restaurants offering baked goods in Asia-Pacific is also fueling the demand for bakery products in the region. However, North America is expected to register the highest CAGR during the forecast period.
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About the AuthorPrabha Mahajan
Joined: September 26th, 2022
Articles Posted: 158
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