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Prepared Flour Mixes Market Size, Future Scope, Trends And Forecast 2024-2033
The Business Research Company recently released a comprehensive report on the Global Prepared 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.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The prepared flour mixes market size has grown strongly in recent years. It will grow from $26.9 billion in 2023 to $29.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to changing consumer lifestyles, rising urbanization, growing demand for ready-to-cook products, expanding foodservice industry, increasing disposable income.
The prepared flour mixes market size is expected to see strong growth in the next few years. It will grow to $42.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to innovation in product varieties, convenience in home cooking, emphasis on sustainable and clean label products, rise in plant-based and gluten-free options, culinary exploration and fusion cooking. Major trends in the forecast period include sustainability considerations, plant-based and alternative ingredients, innovations in packaging, customization and personalization, globalization of flavors.
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Market Drivers and Trends:
Increasing demand for ready-to-eat (RTE) foods and processed products is expected to propel the growth of the prepared flour market. Ready-to-eat products are used to prepare food easily, and some of the products, such as cereal and baby foods, use prepared flour mixes. People have been choosing ready-to-eat meals as they are convenient, and companies are also expanding their opportunities in this market. For instance, according to the survey conducted in February 2021 in Malaysia by Food Research, a US-based Open Access journal, 52% of the respondents consumed RTE food two to four times a week, and around 44% of them consumed RTE food during lunch. Therefore, increasing demand for ready-to-eat food products is driving the growth of the prepared flour mix market.
Major companies operating in the prepared flour mixes market are developing new products such as regeneratively grown flour to gain a competitive edge in the market. Regeneratively grown flour refers to flour produced from crops cultivated through regenerative farming practices, emphasizing soil health, biodiversity, and sustainability. For instance, in November 2023, King Arthur Baking Company, a US-based food company, launched the 100% Regeneratively-Grown Climate Blend, featuring a mix of grains developed by the Breadlab at Washington State University, prioritizing soil health and utilizing regenerative farming practices to cultivate nutrient-dense grains. The blend, verified by third-party service Regenified, aims to enhance sustainability, reduce carbon emissions, and promote resilience in farming. In addition to its sustainable and regenerative attributes, it also offers consumers a rich, nutty flavor, contributing to a unique and environmentally conscious baking experience.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Nestlé S.A., Archer Daniels Midland Company (ADM), PepsiCo Inc., Mondelez International Inc., The Kraft Heinz Company, General Mills Inc., Conagra Brands Inc., ITC Ltd., Kerry Group plc, Smucker, J.M. Smucker Company, Arçelik A.S., McCormick, McCormick, Nisshin Seifun Group, AB Mauri, Nippon Flour Mills, Puratos, Britannia Industries Ltd., Nitto-Fuji International, Continental Mills, CJ Foods Milling Vietnam, Chelsea Milling Company, Interflour Group, Allied Mills, Yihai Kerry, Vinh Thuan, Prima Flour, Orangerie, IREKS, Parle Agro Pvt Ltd., G.R.B. Agro Limited, Everest Flour Mills Limited
Prepared Flour Mixes Market 2024 Key Insights:
• The prepared flour mixes market size is expected to see strong growth in the next few years. It will grow to $42.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Rising Demand For Ready-To-Eat Foods To Drive Market Growth
• Product Innovations Transforming The Prepared Flour Mixes Market
• North America was the largest region in the prepared flour mixes market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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