North America Prepared Flour Mixes Market Size Analysis 2021-2026:
North America Prepared Flour Mixes Market is expected at USD xx.xx million in 2021 and is anticipated to the extent of an over of USD xx.xx million by the end of the assessment period. The North America Prepared Flour Mixes Market is likely to know reasonable growth to the highest CAGR of xx.xx% through the estimated period (2021-2026).
Prepared flour mixes are defined as a mixture of light yellow colored flours, starches, and functional ingredients. These mixes contain most of the ingredients used in cooking, such as fat, sugar, milk, and salt. Ready mixes are widely used in the baking industry to minimize prep time, add flavor and texture, and increase the shelf life of final products.
Market Drivers and Restraints:
Ready-to-use mixes are widely used in the baking industry to reduce preparation time, impart flavor and texture, and increase the shelf life of final products. The growing demand for ready-to-eat food products coupled with the growing consumption of baked goods could improve the prospects for the industry. Increasing demand for high-quality bakery mixes due to shifts in consumer perceptions towards healthy eating habits is likely to drive market demand. Prepared flour mixes contain ingredients of defined qualities that help reduce calories while providing additional nutrients such as vitamins, fats, and essential carbohydrates.
The global market demand is likely to increase due to the growing trend to consume nutritious and healthy products. The growth of the prepared flour mix market is expected to represent a trend due to the rapid adoption by industry players to improve the quality of baked goods. The United States Food and Drug Administration, under Section 136.111, specifies and regulates the ingredients required for the manufacture of bread, rolls, and muffins. The regulations provide guidelines for industry players to use ingredients such as brominated flour, phosphate flour or blended water, coloring, yeast, dairy products, and salt, which are important ingredients in the manufacture of ready-made flour mixes.
Market Size Available
2020 – 2026
2021 - 2026
By Product, and By Application
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, Company Profiles, Primary and Secondary Analysis, Company's Revenue Analysis, and etc.
The United States, and Canada
The massive basic demand for bread in the pizza industry serving the world population is a determining factor in the growth of the demand for bread mix. The growing per capita consumption of baked goods such as bread, cakes, and rolls among customers with different demographic characteristics, strongly supported by its wide range of prices and convenience, is one of the main factors driving the bread mix in the world. Additionally, there are many product launches each year with functional ingredient claims, attracting the attention of customers looking for a nutritious and healthy food option.
Bakeries dominated the market and accounted for more than 67.0% of the global revenue share in 2019, with countries such as the United States, Canada, the United Kingdom, Germany, and France. A maximum number of manufacturers and bakeries in the world. This, in turn, is expected to drive the growth of the industry in the coming years. Industry demand is expected to increase as bakeries produce the products in bulk, so they prefer to use ready-made flour mixes that help reduce the number of resources needed to prepare the final result and limit the risk of error.
Restaurants are closing fast, and more than 33% of all restaurants are projected to be unsuccessful in the long term after COVID-19. Those that stay open now only get 20% of their typical takeout and deliveries. Many restaurants choose to close entirely for their employees' health and safety and because it is difficult to compete in the takeout and delivery space. Food trucks and upscale restaurants now offer takeout and home delivery.
Consumers are abandoning takeout and delivery due to cost and risk of contamination and are cooking at home more than ever, exploring online recipe channels and chef's recipes that are easy to prepare, fast, and require no experience in cooking the kitchen. An effort to address some of a large amount of single-use plastics and food waste currently being produced in the supply chain is fueling interest in the production and cultivation of "free" food in packaging. Versatile pantry staples are on the rise, too. Cereals are popular again, and canned fruit, bottled water, dry pasta, dried beans, soups, and snacks like popcorn and pretzels are selling fast.
North America ruled the market and signified above 31.0% of worldwide turnover in 2019 owing to the strong practical commitment of the key national and global players in the growth of the product line; it is anticipated to emphasize on mixes of flours prepared in nations in addition to the United States, Canada, and Mexico. US prepared flour mixes market is dominating the shares with the rising awareness over the availability of various flour mixes. Canada prepared flour mixes market is estimated to hit the highest CAGR in the coming years.
ADM Company had the major part of the North America Prepared Flour Mixes Market in terms of sales revenue in 2021.
The North America Prepared Flour Mixes Market is concentrated with well-established players. Key players in the North America Prepared Flour Mixes Market include
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 North America Prepared Flour Mixes Market, By Product
6.1.1 Batter Mix
6.1.2 Pastry Mix
6.1.3 Bread Mix
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 North America Prepared Flour Mixes Market, By Application
6.2.1 Food Processing Industry
6.2.2 Bakery Shop
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 North America Prepared Flour Mixes Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Product
7.2.3 By Application
8. Key Player Analysis
8.1 Vinh Thuan
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Archer Daniels Midland Company
8.3 CJ Foods Milling Vietnam
8.5 International Mix J.V.
8.6 Rich Products Corporation
8.7 Grand Place Puratos
8.8 Nisshin Seifun Group
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures