Prepared Flour Market to Grow Significantly with Rising Demand Forecast till 2028

The global Prepared Flour Mixes Market was valued at US$ 23,192.15 million in 2021 and is projected to reach US$ 33,370.85 million by 2028; it is expected to grow at a CAGR of 5.3% from 2021 to 2028.

Prepared flour mixes are the mixture of various ingredients, such as different flours, starches, flavors, and functional ingredients. Such mixes contain most of the ingredients used in baking, such as fat, sugar, milk, and salt. Prepared mixes require less preparation time, provide flavor and texture to the final product, and augment its shelf life. Thus, they are extensively used in the baking & confectionery industry. These premixes are easily available through various distribution channels, such as specialty stores, supermarkets, and departmental stores.

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Analysis of the Top Market Players:

1. AB Mauri
2. PURATOS
3. Lesaffre
4. Archer Daniels Midland Company
5. General Mills, Inc.
6. Kerry Group
7. Swiss Bake Ingredients Pvt. Ltd
8. G.R Wright & Sons
9. Nitto-Fuji International Vietnam Co., Ltd
10. Allied Pinnacle

In this report, the market has been segmented on the basis of:

Category (Gluten Free and Conventional)
Application (Breads, Cakes, and Others) and Geography

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Moreover, due to the COVID-19 outbreak pandemic, people increasingly bought products through e-commerce platforms as they got convenient product delivery at their doorsteps. Many e-commerce platforms adopted the no-touch policy that ensured the safety of consumers. Such factors are expected to bolster the growth of the prepared flour mixes market in the coming years.

Based on category, the prepared flour mixes market is bifurcated into gluten free and conventional. The conventional segment accounted for a larger market share in 2020. The market growth for this segment is attributed to the easy availability of conventional prepared flour mixes at low prices. However, the gluten-free segment is expected to register a higher CAGR in the market during the forecast period.

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