Prepared Flour Mixes Market Poised for High Growth Due to Rise in Working Population
The prepared flour mixes market has witnessed significant growth over the past few years owing to the increasing working population and busy lifestyles globally. Prepared flour mixes save significant time in preparation of baked foods such as cakes, bread, cookies, pizza dough and other bakery products. They come pre-mixed with various dry ingredients such as flour, sugar, baking powder, salt, gelatin and flavors providing convenience to home bakers and food manufacturers. Prepared flour mixes are available in customized formulations for different product types aiding in consistent quality and texture without hassle. Growing preference for packaged and ready-to-bake food items among consumers is augmenting the demand for prepared flour mixes market.
The Global Prepared Flour Mixes Market is estimated to be valued at US$ 59.44 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Prepared Flour Mixes market are ADM, Lesaffre, Bakels Group, PURATOS, Associated British Foods plc, 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., Tate & Lyle, Frutarom, General Mills., Bakels India, Limagrain, Surebake, and Romix Foods Limited.
The growing demand for baked goods such as cakes, pastries, biscuits and bread especially among millennial population is fueling the growth of prepared flour mixes market. Rising consumption of convenience foods and on-the-go snacking trends globally is creating opportunities for prepared flour mixes manufacturers.
Geographical expansion of key prepared flour mixes producers in emerging regions of Asia Pacific, Latin America, Middle East and Africa through partnerships with regional players is further expected to drive the market during the forecast period.
Market drivers
Increasing demand for convenient packaged food options supplemented by long working hours and busy lifestyles has become one of the major drivers for Prepared Flour Mixes Market Growth. Prepared flour mixes save significant time required for measuring and mixing dry ingredients for baking at home. They are also favored by foodservice operators and commercial bakers to maintain consistency while reducing preparation time. Growing popularity of ready-to-bake and bake-at-home concept is surging the demand for prepared flour mixes worldwide.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
(https://www.linkedin.com/in/money-singh-590844163)
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