USD 28.10 billion
Prepared Flour Mixes Market Size, Share, Growth Analysis, By Type(Cake Mixes, and Bread Mixes), By Distribution Channel(Offline Market, and Online Market), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30I2197 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
61
|Figures:
75
Prepared Flour Mixes Market Insights
Prepared Flour Mixes Market size was valued at USD 30.4 Billion in 2023 and is poised to grow from USD 32.89 Billion in 2024 to USD 61.8 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).
Global prepared flour mixes market is experiencing significant growth due to various factors such as increasing urbanization, rising demand for bakery products, and growing awareness of healthy eating habits. The convenience and benefits associated with these products such as time-efficient preparation, consistency in results, and longer shelf life compared to traditional formulas are also driving market growth. The rising working hours are further boosting the demand for ready-to-cook flour mixes as they save kitchen time. Prepared flour mixes are formulated using a variety of ingredients and are designed to create specific types of products, including quick bread, yeast bread, cakes, cookies, pasta, and pastries. The increasing awareness of healthy eating habits is driving demand for whole grains and wheat-based bread due to their protein and fiber content, further supporting market growth. The North American market, particularly the US, dominates the global market, and the country is expected to maintain its dominance throughout the forecast period. An important driver of market expansion in the US is the strong demand for bakery products. Players in the industry, such Bunge North America, Inc., are providing a variety of prepared flours or premix products, including red velvet cake mix, custard cake mix and rich creme cake mix (chocolate and vanilla).
US Prepared Flour Mixes Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cake Mixes
Fastest Growth
Bread Mixes
Growth Rate
8.2% CAGR
Global Prepared Flour Mixes Market ($ Bn)
Country Share for North America Region (%)
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Prepared Flour Mixes Market Segmental Analysis
Global Prepared Flour Mixes market is segmented by type, distribution channel, and region. Based on type, the market can be segmented into cake mixes, and bread mixes. Based on distribution channel, the market is segmented into offline market, and online market. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Prepared Flour Mixes Market Analysis by Type
By type, the market can be segmented into cake mixes, bread mixes. Cake mixes are expected to dominate the market due to their popularity among consumers. Cake mixes are easy to use and offer convenience to consumers who do not have the time or expertise to bake a cake from scratch. Additionally, cake mixes come in a variety of flavors, which appeals to consumers who enjoy trying new flavors and combinations. The increasing trend of home baking and the rise of social media platforms, which has led to a growing interest in baking and decorating cakes, is expected to drive the growth of the cake mixes segment.
The bread mixes segment is expected to be the fastest-growing segment of the market. This is due to the increasing trend of healthy eating and the growing demand for artisanal and specialty bread. Bread mixes offer consumers the convenience of making bread at home without the need for special equipment or expertise. Additionally, bread mixes come in a variety of flavors and types, including gluten-free and whole grain options, which appeals to health-conscious consumers.
Global Prepared Flour Mixes Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline market and online market. The offline market, which includes supermarkets/hypermarkets, convenience stores, and others, is expected to dominate the market. This is due to the availability of a wide range of products in one place, making it easier for consumers to find and purchase prepared flour mixes. Supermarkets and hypermarkets, in particular, are popular due to their larger selection of products and the ability for consumers to physically see and touch the products before making a purchase.
The online market, which includes e-commerce platforms and online retailers, is expected to be the fastest-growing segment of the market. This is due to the increasing trend of online shopping and the convenience it offers to consumers. Online shopping enables consumers to shop for products from the comfort of their homes, at any time of the day. The rising number of online retailers specializing in prepared flour mixes, along with the ease of online payment and home delivery options, are expected to drive the growth of this segment.
Global Prepared Flour Mixes Market Size By Type
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Prepared Flour Mixes Market Regional Insights
North America is the dominant market for prepared flour mixes, with the United States being the largest contributor to the industry's growth. The high demand for bakery products in the country is the primary factor driving market growth in the region. Furthermore, the growing trend of home baking and the increasing demand for convenience foods are also driving the market's growth. Major players in the region include General Mills, Inc., Cargill, Inc., Conagra Brands, Inc., and Archer Daniels Midland Company. These companies are investing heavily in R&D to expand their product offerings and cater to the changing consumer preferences.
The Asia-Pacific region is expected to be the fastest-growing market for prepared flour mixes during the forecast period. The increasing population and urbanization in countries such as China and India are driving demand for bakery products, thereby boosting market growth in the region. Furthermore, the growing demand for convenience foods, changing consumer lifestyles, and rising disposable incomes are also contributing to the market's growth. Key players operating in the region include Kerry Group, Associated British Foods plc, and Archer Daniels Midland Company. These players are expanding their product offerings and investing in R&D to cater to the changing consumer preferences and gain a larger market share.
Global Prepared Flour Mixes Market By Region
- Largest
- Fastest
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Prepared Flour Mixes Market Dynamics
Global Prepared Flour Mixes Market Drivers
Increasing urbanization and demand for bakery products
- The global prepared flour mixes market is driven by factors such as increasing urbanization, demand for bakery products, and growing awareness of healthy eating habits. The convenience, time-efficiency, and longer shelf life of these products compared to traditional formulas are further supporting the growth of the industry. North America is the dominant market, with the US being the largest contributor to the industry's growth, while the Asia-Pacific region is expected to be the fastest-growing market during the forecast period, driven by increasing population and urbanization.
Global Prepared Flour Mixes Market Restraints
Availability of substitutes
- One of the key restraints for the global prepared flour mixes market is the availability of substitutes such as fresh ingredients and home-made recipes, which may limit the growth of the industry. Furthermore, the increasing prevalence of gluten allergies and intolerance is also expected to restrain market growth, as prepared flour mixes typically contain gluten. Additionally, the fluctuating prices of raw materials used in the production of prepared flour mixes, such as wheat and sugar, may pose a challenge for manufacturers in terms of maintaining profit margins.
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Prepared Flour Mixes Market Competitive Landscape
The global prepared flour mixes market is highly competitive, with several key players operating in the industry. The market is characterized by intense competition, with players competing based on product innovation, quality, and pricing. Companies are investing heavily in R&D to expand their product offerings and cater to changing consumer preferences. Partnerships, mergers, and acquisitions are also strategies adopted by players to gain a larger market share. The industry is expected to witness increased competition in the future, driven by the growing demand for convenience foods and the increasing trend of home baking.
Top Player’s Company Profiles in Global Prepared Flour Mixes Market
- Archer Daniels Midland Company (US)
- Cargill, Inc. (US)
- General Mills, Inc. (US)
- Associated British Foods plc (UK)
- The J.M. Smucker Company (US)
- Kerry Group (Ireland)
- Hain Celestial Group (US)
- Ingredion Incorporated (US)
- Puratos Group (Belgium)
- Chelsea Milling Company (US)
- Hodgson Mill (US)
- Bob's Red Mill Natural Foods, Inc. (US)
- Ardent Mills (US)
- Chelsea Foods (US)
- BakeMark USA LLC (US)
- Lesaffre Group (France)
- Conagra Brands, Inc. (US)
- Dawn Foods Global (US)
- Bunge North America, Inc. (US)
- Bay State Milling Company (US)
Global Prepared Flour Mixes Market Recent Developments
- In September 2023, Baking mix brand Moyu launched in the US better-for-you and healthier baked goods featuring konjac, which is gaining more widespread use.
- In August 2023, Anton Paar acquired German company Brabender, which will be integrated into the Anton Paar Group as Anton Paar TorqueTec GmbH. The company, based in Duisburg, Germany, provides measurement and process engineering solutions for the testing of raw materials and for recipe and process development.
Prepared Flour Mixes Key Market Trends
- One key market trend in the global prepared flour mixes market is the increasing demand for organic and gluten-free products. Consumers are becoming more health-conscious and are opting for products that are free from preservatives, chemicals, and allergens. This trend is expected to drive innovation in the market as manufacturers strive to develop new products that cater to changing consumer preferences. Additionally, the growing popularity of home baking and the increasing use of prepared flour mixes in the foodservice industry are also expected to fuel market growth in the coming years.
Prepared Flour Mixes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global prepared flour mixes market analysis, the market is expected to witness significant growth over the forecast period, driven by factors such as increasing urbanization, rising demand for bakery products, and growing awareness of healthy eating habits. Prepared flour mixes offer benefits such as convenience, time-efficiency, and longer shelf life, compared to traditional formulas, further supporting the growth of the industry. North America dominated the market, with the US being the largest contributor to the market growth, while the Asia-Pacific region is expected to be the fastest-growing market. However, the market is also facing challenges such as increasing demand for organic and gluten-free products, fluctuations in raw material prices, and stringent government regulations.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 28.10 billion |
| Market size value in 2031 | USD 57.12 billion |
| Growth Rate | 8.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Prepared Flour Mixes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Prepared Flour Mixes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Prepared Flour Mixes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Prepared Flour Mixes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Prepared Flour Mixes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Prepared Flour Mixes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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