Flour Mixes Market likely to hold a revenue of US$ 26.9 billion in 2023 while it is anticipated to cross a value of US$ 52.5 billion by 2033.
The flour mixes market is anticipated to expand its roots at a steady CAGR of 7% between 2023 and 2033. The market is expected to have a market share of US$ 52.5 billion by 2033 while it is likely to be valued at US$ 26.9 billion in 2023
- The food habits of end users are changing with lifestyle-based diseases like diabetes, blood pressure, and others. Thus, end users are changing their dietary patterns according to their body needs. The flour mixes with higher nutritional benefits and easy digestibility are getting popular among health enthusiasts.
- The increased demand for multigrain flour and other mixed flour is leading the market growth. Furthermore, social media influence and adoption are flourishing the market’s growth trajectory.
- The application of flour mixes in baked goods like cakes, flatbreads, and sweet bread is also helping the market grow. Alongside this, people dealing with obesity are also proffering the addition of flour mixes to their diet.
- Vendors introducing customizable flour mixes according to usability and better color and quality of the by-product are expanding the market growth.
- The increase in key players, adoption of the local grain, and popularity of organic flour mixes are transforming the market growth. Moreover, the affordable rates at an early age are also increased.
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Key Points
- The United States market leads the flour mixes market in terms of market share in North America. The United States region held a market share of 17.8% in 2022. The growth in this region is attributed to the expanding food and beverages businesses, people being more health conscious, and social media influence.
- The market in Germany is another significant market in the European region. The market held a market share of 3.7% in 2022. The growth is attributed to bakeries experimenting with their bread dough.
- The flour mixes market in India thrives at a CAGR of 7.9% during the forecast period. The growth is attributed to flour being an integral part of Indian cuisine.
- Chinese Flour mixes market also thrives at a CAGR of 5.7% between 2023 and 2033. The growth is caused by globalization and transforming food habits.
- Based on product type, the bread mix segment held the leading market share of 39.5% in 2022. The growth is attributed to the higher consumption of bread and higher supply of alternatives.
- Based on application type, the bakery segment leads the market as it held a leading market share of 69.4% in 2022. The growth is caused by the advent of flour mix bread, biscuits, and other stuff.
Competitive Landscape
The key vendors focus on increasing the quality, experimenting with proportion, and clean-label packaging. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
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Recent Market Developments
- Prima Flour has introduced its pancake mix for easy pancake making. It can be used for souffle pancakes, buttermilk waffles, and ham and cheese pancakes.
- AngelYeast’s pre-mix for whole-wheat bread is rich in fiber and nutrients and is healthy for end users with metabolic issues. The pack comes in different proportions.
Key Players
- Nippon Flour Mills
- Rikevita Food
- Prima Flour
- IREKS
- AngelYeast
- AB Mauri
- Showa Sangyo
- Griffith
- Kerry
- CSM
- Others
Key Segments Covered
By Product:
- Bread Mixes
- Oat Bread
- White Bread
- Dark Bread
- Multigrain Bread
- Batter Mixes
- Pastry Mixes
By Application:
- Food Processing Industry
- Household
- Bakery Shop
- Others
