During the forecast period, the flour mixes market is expected to grow at a steady CAGR of 7%. The market is expected to generate US$ 26.9 billion in revenue in 2023, with a value of US$ 52.5 billion by 2033.
Consumer demand for ready-to-eat and processed foods is fast increasing, leading in the widespread use of batter mixes in a variety of convenience foods. In addition, the need for low-carb and gluten-free products is pushing batter mix production, which is a major driver of market expansion.
Furthermore, higher investments in R&D activities for developing batter technology are predicted to improve batter mix demand between 2022 and 2032.
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Growth is also linked to rising global demand for seafood. Flour mixes are used to coat fish in batter mixes to conceal the smell of seafood, increasing batter mix sales in the food sector.
It is also used in vegetarian cuisine, particularly those made with common vegetables, to add crispness, flavour, and taste to the food. As a result, the market for batter mixes is likely to grow rapidly in the coming years.
Key Takeaways from the Flour Mixes Market Study:
- Rising demand for premium quality prepared flour mixes with high nutritional content in the Asia Pacific is expected to drive the market.
- In 2022, North America is projected to dominate the market, accounting for around 2% of worldwide revenue.
- In 2022, Europe and the Middle East, and Africa flour mixes market, collectively, will account for approximately 8% of the total market share.
- In terms of product type, the batter mixture segment is projected to dominate the market over the forecast period.
- Based on application, the bakery shop segment is expected to account for significant share in the market.
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Who is winning?
Key players operating in the global flour mixes market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.
Some of the leading companies offering flour mixes are Nippon Flour Mills, Rikevita Food, Prima Flour, IREKS, AngelYeast, AB Mauri, Showa Sangyo, Griffith, Kerry, CSM, and others.
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FMI, in its new offering, provides an unbiased analysis of flour mixes presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).
Flour Mixes Market By Category
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
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- MEA
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Frequently Asked Questions
- How big is the flour mixes market?
- What is the North America flour mixes market outlook?
- What is the Europe Flour Mixes Market Outlook?
- What are the key trends shaping the flour mixes market?
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