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Prepared Flour Mixes Market by Product (Batter Mix, Pastry Mix, Bread Mix), By Application (Food Processing Industry, Bakery Shop, Household), and Region – Global Industry Size, Growth, Trends, and Forecast Report 2023-2028

Published: March, 2023
ID: 9922
Pages: 140
Formats: report pdf report excel report power bi report ppt

Prepared Flour Mixes Market Size, Share, Growth (2023-2028)

Prepared Flour Mixes Market was estimated at USD 27.55 billion in 2023 to USD 39.37 Billion with a CAGR of 7.40% throughout the outlook period (2023-2028).

Prepared Flour Mixes Market Overview:

Prepared flour mixes are defined as a mixture of flours, starches, and light yellow functional ingredients. This mix acts as a ready-to-use dry mix to easily produce high-quality, gluten-free baked goods. These mixes contain most of the ingredients used in baking, such as fat, sugar, milk and salt. Ready mixes are widely used in the baking industry to minimize prep time, provide flavor and texture, and increase the shelf life of finished products.

Recent Developments

  • Nisshin Seifun Group launched its first premix plant in Vietnam to capture a larger share of the Asian market. This initiative will also help the company take advantage of the rich human resources of the Southeast Asian country, diversify its product portfolio and use a well-established distribution network.

  • CJ Foods Miling Vietnam opened a new premixed flour factory with a capacity of over 160,000 tons of wheat flour and 10,000 tons of premix per year. The company will source high-quality wheat flour and technology premixes imported from Japan and Korea. Total spending exceeded $ 39 billion and will help the company meet growing demand in the region, as well as a growing presence in Southeast Asia.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

7.40%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

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

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Vinh Thuan, Archer Daniels Midland Company, CJ Foods Milling Vietnam, Interflour, International Mix J.V., Rich Products Corporation, NITTO-FUJI INTERNATIONAL, Yihai Kerry, Grand Place Puratos, Nisshin Seifun Group

Prepared Flour Mixes Market Drivers and Restraints:

An increasing number of consumers moving away from artificial sweeteners, preservatives and ingredients is leading producers to focus on the emergence or production of flour mixtures prepared from natural or organic ingredients. As a result, ready-made flour blends that include gluten-free and natural ingredients are gaining ground. Meanwhile, major players are also investing in research to find new flavors and develop the flavor. With nutrition-focused ingredients and willing to pay more for a quality product, flour mix producers conduct product quality assurance tests. In the United States, the Prepared Flour Mixes market is expected to show high growth due to the rapid development of application industries. The market shows high volumes of production of wheat-based food products, which explains the high consumption of products. The presence of a strong wheat flour industry in the region is expected to become one of the main growth engines of the market. In addition, the Food and Drug Administration under Section 136.111 specifies and regulates the ingredients necessary to produce buns and bread.

The regulation establishes guidelines for market players to use ingredients such as phosphate flour or combined water, bromine flour, dairy products, salt and color, a yeast, which are essential in the production of mixtures of prepared flour. Prepared flour mixes are widely used in the bakery industry to reduce preparation time, affect texture and flavor, and increase the shelf life of finished products. The increasing consumer penchant for gluten-free baked goods like bread, cakes and pastries due to increased health precautions will further stimulate the growth of the prepared flour mix. In addition, the accessibility of many healthy alternatives in the industry with low-fat, cholesterol-free, and low-fat baked goods is expected to drive growth in the Prepared Flour Mixes Market. In addition, the growing consumer interest in whole grains and protein- and fiber-rich wheat-based bread will further strengthen market development.

Prepared Flour Mixes Market Segmentation:

Bread mixes dominated the market and accounted for more than 51.0% of global sales in 2019. Natural ingredients with high nutritional value will drive demand for bread mix products during the forecast period. Also, the massive basic demand for bread in the pizza industry serving the world population is a determining factor in the growth in demand for bread mix. The increasing per capita consumption of bakery products such as bread, cakes and buns among customers with distinguished demographic characteristics, strongly supported by its wide price range and convenience, is one of the main factors driving the bread mix worldwide. Additionally, many product launches are recorded each year with functional ingredient statements, which attract the attention of customers looking for a nutritious and healthy food option.

Bakeries dominated the market and accounted for more than 67.0% of global revenue share in 2019, with countries such as the United States, Canada, the United Kingdom, Germany and France. Maximum of manufacturers and bakeries worldwide. This, in turn, should boost the growth of the industry in the coming years. Prepared flour mixes, such as bread, pastry and dough mixes, are widely accepted in bakeries because they develop crumb consistency and reduce flakes in baked goods. Industry demand is expected to increase as bakeries manufacture the products in bulk, so they prefer to use Prepared Flour Mixes which helps reduce the number of resources needed to prepare the end result and also limits the risk of error.

Impact of covid-19 on Prepared Flour Mixes Market

Restaurants and other food providers are also recovering from the substantial changes resulting from social estrangement. Restaurants are closing rapidly, and it is forecast that more than 33% of all restaurants will not be successful in the long term after COVID-19. Those that remain open now only get 20% of their typical sales through takeout and delivery. Many restaurants choose to close entirely for the health and safety of their employees and also because it is difficult to compete in the takeaway and deliver space.

Food trucks and high-end restaurants now offer takeout and delivery. Consumers are giving up on takeaways and deliveries due to the cost and risk of contamination and are cooking at home more than ever before, exploring online recipe channels and chef recipes that are easy to prepare, fast, and require no experience in cooking. An effort to tackle some of the large amount of single-use and food-waste plastics currently produced in the supply chain is fueling interest in the production and cultivation of "free" food in the backyard packaging. Saving money is their top priority right now, which also means they are buying products that make economic sense. Versatile pantry staples are also on the rise. Cereals are popular again, and canned fruits, bottled water, dried pasta, dried beans, soups, and snacks like popcorn and pretzels sell out fast.

Prepared Flour Mixes Market Regional Analysis:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East and Africa

North America dominated the market and represented more than 31.0% of global revenues in 2019. Due to the strong technical commitment of the main national and international actors in the development of the product line, it is expected to focus on prepared flour mixtures in countries. Europe and the Middle East and Africa region contributed around 34.0% of the overall market share in 2019. Producers continually improve flour-based, prepared and gluten-free products such as bread and pastries to attract conscious consumers of the health. This factor is expected to fuel the growth of the Prepared Flour Mixes market during the forecast period. Growing competition from giant companies and local bakeries trying to capitulate to rising trends in nutritional eating habits in European countries such as the UK, Germany and France is expected to boost the outlook for the industry. Prepared flour mix products are easily fortified with natural additives to increase the nutritional profile. In addition, leading manufacturers participate in R&D initiatives to offer premium, custom solutions for many cooking applications that are expected to improve industry trends. The expansion of bakery establishments and the increase in disposable income in emerging countries such as India, China, and Brazil are the main drivers of change in the Prepared Flour Mixes market.

Prepared Flour Mixes Market Key Players:

  1. Vinh Thuan

  2. Archer Daniels Midland Company

  3. CJ Foods Milling Vietnam

  4. Interflour

  5. International Mix J.V.

  6. Rich Products Corporation

  7. NITTO-FUJI INTERNATIONAL

  8. Yihai Kerry

  9. Grand Place Puratos

  10. Nisshin Seifun Group

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