The dry mixes market has reached a CAGR of 5.7% during the forecast period. The market is expected to be worth US$ 9,048.0 million in 2023 and is likely to reach US$ 15,434.0 million by 2033.
Dry mixes are ready-mixed culinary ingredients that are commonly used in the food, bakery, and confectionery industries to prepare food products. Dry mixes include various grain blends, spice mixes, baking mixes, curry seasoning mixes, and other mixtures used in the preparation of food and beverages.
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Dry mixes can be used to manufacture a wide range of food products, including soups and baked goods. Dry mixes are typically available in flake, granular, powder, or crystal form, depending on their application in the food and beverage sector. Dry mixtures are packaged for long-term preservation and have extra preservatives for a longer shelf life.
Dry mixes Market: Drivers & Restraints
Rising use of ready to use food products in the food parks, dairy and HoReCa (Hotel Restaurants and café) is the key drivers for the growth of the global dry mix market. Additionally, the increasing time-saving features in the baking industry and other food industries. Some of the dry mixes can be used in the houses as ready to use mixes can be less time consuming and can match the instant food lifestyle of consumers.
Commercial places and offices drives the market for the dry mixes as it is used in ready to cook food for employees and have less time consumption rate. The utilization of dry mixes in the food and beverages industry is to prepare the food products. Dry mixes market is expected to grow with the growing demand for the food and beverages due to increasing per capita income, increase in population and changing the lifestyle of consumers.
Furthermore, unstable demand and supply ratio is expected to restrain the market growth of dry mixes. Lack of awareness of developing economies and fluctuating prices of raw materials are expected to hinder the market growth for dry mixes across the forecast period.
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Dry mixes Market: Regional outlook
Regarding geography, Dry sweeteners market has been categorized into seven key regions including North America, Western Europe, Japan, Asia Pacific excluding Japan, Eastern Europe and the Middle East and Africa. The dry mixes market is expected to register healthy growth during the forecast period as the food and beverages market is growing across the world. The Asia Pacific represents the considerably high market share and grows with higher growth rate as the food and beverages market is growing in the region rapidly due to the rising population and changing the lifestyle of consumers.
Moreover in North America and Latin America is a growing market according to the high capita income and due to demand of the consumers for instant food. The dry mixes market is steadily increasing with the increasing demand of the confectionary and bakery foods across the globe. Along with the growth of the food and beverages market the Dry mixes market is expected to grow in the forecast period.
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Dry Mixes Market: Key Players
Some of the major players in the dry mixes market are listed below.
- The Linde Group
- MiDAS Foods International
- National Food Group, Inc.
- Wendels True Foods
- Custom Cafe Foods
- Brady Enterprises, Inc.
- Unilever Food Solutions
- Nestlé S.A.
- Centre State Food Service
- Davis Food Co-op.
- General Mills, Inc.
- Kosto Food Products Company
- Other players
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Dry mixes Market: Market Segmentation
The dry mixes market is segmented into different parts based on the product type, end-user, distribution channels, and geography. Among end user, dry mixes for the HoReCa (Hotel, Restaurants, and Café) is leading with maximum market share and second largest end user is dairy and bakery industry which maintains the second position in the market. The increasing use of the dry mixes in the food and dairy industry is expected to grow with the end user segment is widening the wings into the market. The dry mixes come in the different product type as like grain blends, spices mix, baking mix, curry seasoning mix and other mixes. The rising consumption of the instant food, dairy and bakery products are raising the demand for the dry mixes.
Based on the product type the dry mixes market is segmented into:
- Different grain blends
- Spices mixes
- Baking mix
- Curry seasoning mix
- Other mixes
Based on the end user the dry mixes market is segmented into:
- HoReCa (Hotel, Restaurants, and Cafe)
- Bakery and Dairy
- Household
Based on the type of distribution channels dry mixes market is segmented into:
- Distributional Channels
- Direct
- Indirect – Supermarkets and Hypermarkets
- Online stores
- Other retail firms
- Grocery stores
- Others
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