Dry Pasta, Dough, and Flour Mixes Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Dry Pasta, Dough, and Flour Mixes Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The dry pasta, dough, and flour mixes market size has grown strongly in recent years. It will grow from $122.14 billion in 2023 to $130.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to changing consumer lifestyles and busy schedules, rising interest in diverse and international cuisines, increased awareness of health and nutrition, preference for convenient and easy-to-prepare meals, globalization and cultural exchange..

The dry pasta, dough, and flour mixes market size is expected to see strong growth in the next few years. It will grow to $164 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to growing demand for gluten-free and specialty products, focus on sustainability and ethical sourcing, evolving consumer taste preferences and flavor innovation, marketing and promotion of homemade cooking trends, expansion of e-commerce platforms.. Major trends in the forecast period include expansion of product offerings, digitalization in marketing and distribution, clean label and transparency, packaging innovations, culinary exploration and fusion..

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Market Drivers and Trends:

The growing demand for bakery products is expected to propel the growth of the dry pasta, dough, and flour mixes market going forward. Bakery products refer to food products that are made by various methods of leavening including yeast-raised, chemical leavening, air leavening, and partial leavening, and involve bread, cake, pastry, and biscuits. The need for dry pasta, dough, and flour mixes is fuelled by to rising adoption of intelligent bakery systems, cutting-edge designs, and ground-breaking commercial bakery equipment that are used in the production of this product, making products more tasty, floppy, and durable. For instance, in November 2021, according to the Interreg Atlantic Area, a Belgium-based European Regional Development Fund Project, by the European Union, in 2020, the European bakery products market accounted for $226 billion and is forecasted to grow by more than 3% by 2025. The report also accounted that, the European market contributes 41%, followed by Asia 27%, to the global bakery products market. Therefore, the growing demand for bakery products is driving the growth of the dry pasta, dough, and flour mixes market.

Product innovation is a key trend gaining popularity in the dry pasta, dough, and flour mixes market. Major companies operating in the dry pasta, dough, and flour mix market, focused on developing innovative products to sustain their position in the market. For instance, in September 2022, Angel Yeast, a China-based food processing company, developed Angel Premium Dry Yeast, a premium dry yeast to encounter baking challenges in the bakery industry. These innovative dry yeasts are adaptable, and stable, and fulfill the most recent standards for the baking industry. This dry yeast's novel feature includes high-sugar yeast that is resistant to cold shock, weak organic acids, and strong osmotic pressure.

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Major Key Players of the Market:

Nestlé S.A.; Barilla G. e R. Fratelli S.p.A.; Buitoni Food Company; Agnesi S.p.A.; New World Pasta Company; Unilever Plc.; F.lli De Cecco di Filippo Fara San Martino S.p.A.; Kraft Heinz Company; Annie's Homegrown Inc.; Martelli Luigi S.r.l.; Vermicelli; Mueller's Pasta; Creamette; Nippon Food Co. Ltd.; Puratos Group NV; Rikevita Food d.o.o.; General Mills Inc.; American Italian Pasta Company; TreeHouse Foods Inc.; Dakota Specialty Milling Inc.; Hodgson Mill Inc.; J.M. Smucker Company; Hain Celestial Group Inc.; Clorox Company; Hershey Company; Kellogg Company; The Coca-Cola Company; Procter & Gamble Company; Campbell Soup Company; J.R. Simplot Company; The Mosaic Company; Andersons Inc.; The Scoular Company; Archer Daniels Midland Company

Dry Pasta, Dough, and Flour Mixes Market 2024 Key Insights:

• The dry pasta, dough, and flour mixes market will grow to $164 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Rising Demand For Bakery Products Propels Growth In The Dry Pasta, Dough, And Flour Mixes Market
• Innovation Drives Growth In Dry Pasta, Dough, And Flour Mix Market
• North America was the largest region in the dry pasta, dough, and flour mixes market in 2023

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