Prepared flour mixes are ready-to-use baking ingredients used for making various bakery products such as bread, pizza crust, pie crust, biscuits, and pancakes at home with ease. Prepared flour mixes contain flour, salt, yeast, sugar, and other seasonings pre-mixed in suitable proportions to produce consistent results with less preparation time and effort. The growing trend of shifting to convenience food products and increasing willingness to pay for premium packaged foods among consumers globally have augmented the demand for prepared flour mixes over the years.
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. Prepared flour mixes witness high demand from bakeries, households, and food service providers which has propelled market growth over the years. Technological advancements in formulations and production techniques have allowed manufacturers to develop a wide variety of prepared flour mixes with enhanced qualities, shelf-life, and customization options.
Market Trends
Rising popularity of gluten-free and organic prepared flour mixes owing to rising health consciousness among consumers. Manufacturers are indulging in strategic partnerships and expansions to strengthen their product offerings and distribution networks globally. Increasing role of e-commerce and online shopping channels for distribution of prepared flour mixes to remote areas.
Market Opportunities
Opportunity for manufacturers to enhance product visibility through innovative marketing campaigns promoting benefits of prepared mixes. Growing food service industry and on-the-go food consumption trends in developing nations present scope for market expansion.
Impact of COVID-19 on Prepared Flour Mixes Market
The COVID-19 pandemic has significantly impacted the growth of the Prepared Flour Mixes Market Demand. During the initial phases of the pandemic, shortage of raw materials and disruptions in the supply chain caused major issues for manufacturers and led to a shortage of prepared flour mixes in the market. Restrictions on transport and logistics further aggravated the supply issues. However, on the demand side, stockpiling and panic buying by consumers ensured a spike in sales of prepared flour mixes initially. As the pandemic dragged on and restrictions continued, demand grew further as more people started baking and cooking at home due to lockdowns and closures of restaurants and cafes. Manufacturers have experienced increased challenges in ensuring supply meets the rising demand. Emerging trends like work from home and online shopping have benefited the market. However, higher input and operational costs have impacted profit margins. In the post pandemic scenario, demand is expected to remain high even after restrictions are lifted as many new home bakers are expected to continue their hobby. Manufacturers will need to focus on efficient supply chain management and optimal capacity utilization to cater to the growing demand in the coming years.
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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.
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