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  • Published In : Jun 2024
  • Code : CMI7087
  • Pages :138
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

Market Size and Trends

The prepared flour mixes market is estimated to be valued at USD 34.46 Bn in 2024 and is expected to reach USD 59.44 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.

Prepared Flour Mixes Market Key Factors

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Prepared flour mixes are seeing higher demand as consumers are busy with their work and personal lives. Flour mixes save time in cooking and baking at home. The flour mix category includes bread mixes, cake mixes, pancake mixes, and other mixes. With the increasing nuclearization of families, these mixes are helping meet the demand for home cooking with minimum effort. The prepared flour mixes market is expected to witness positive growth over the forecast period. The trend of easy to make meals is driving the demand as consumers want hassle-free cooking options. With more people aspiring towards healthier lifestyles, the market is witnessing demand for flour mixes which are low in sugar and calories. Plant-based and gluten-free flour mixes are gaining popularity among health-conscious consumers. International flavors in flour mixes are also attracting consumers who want to experiment with global cuisines.

Busy lifestyles and convenience factor

With fast-paced lifestyles becoming common today, consumers are constantly looking for convenient solutions to prepare meals quickly. Prepared flour mixes provide an easy option to bake cakes, biscuits, and other baked products within a short span of time. As these mixes require just adding a few ingredients like milk, eggs, water, or oil and mixing or stirring, consumers are able to save considerable time in preparation compared to making the products from scratch. Especially for working professionals and nuclear families where both partners have jobs, prepared mixes have become staples in kitchens as they allow cooking homemade foods even on busy weekdays. The mixes can also help in cooking meals at a short notice for unplanned guests or parties. Besides the time savings, they reduce the effort, planning, and hassle associated with procuring and measuring multiple raw ingredients individually. This drives many consumers to opt for prepared flour mixes on a regular basis.

Market Concentration and Competitive Landscape

Prepared Flour Mixes Market Concentration By Players

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Rising health consciousness

In recent years, health and wellness have become top priorities for consumers. Along with focusing on nutrition, people also pay attention to ingredients and processing methods of food products. Prepared flour mixes cater well to this evolving need of consumers. Many leading brands in this category offer mixes prepared from whole grain flours, millet, buckwheat, or other indigenous grains which are considered nutritious alternatives to plain all-purpose flour or maida. Some varieties are low in sugar or oil, or contain added nutrients like fiber, vitamins, and minerals. This makes them healthier options compared to baked goods prepared from basic white flour. The trend of clean label and organic products is also driving several companies to offer mixes made from naturally sourced, chemical-free ingredients without preservatives or additives. Consumers find such healthier prepared mixes suitable for the whole family. Moreover, the mixes cut down effort spent in sifting, measuring, and mixing raw ingredients at home individually, reducing risks of accidental contamination during preparation. This gives consumers a sense of ease from a health standpoint while enjoying bakery foods occasionally.

Key Takeaways from Analyst:

The prepared flour mixes market is poised to grow at a moderate pace over the next five years. Several drivers will support market expansion, such as the rise in dual-income households leading to increased demand for convenience foods. In addition, the millennial generation prefers ready-made mix products that save time on preparation. However, high sugar and salt content in certain mixes could act as a restraint to growth.

North America currently dominates the prepared flour mixes market owing to hectic consumer lifestyles and high disposable incomes in the region. Meanwhile, the Asia Pacific market is expected to witness the fastest gains. This can be attributed to growing urbanization, increasing consumption of convenience foods, and rising health awareness among consumers in densely populated nations like India and China.

Manufacturers are launching low-calorie, gluten-free, and organic mixes to tap into healthy eating trends. Flavor innovations such as seasoning, tandoori masala, and Indian bread mixes are also expanding the product portfolio. Companies are focusing on marketing through online stores and social media to boost sales. Companies that invest in advanced research have the opportunity to develop mixes fortified with micronutrients.

Market Challenges: Premium pricing of prepared flour mixes

Premium pricing of prepared flour mixes is substantially impacting the growth of global prepared flour mixes market. Prepared flour mixes which are convenient to make pancakes, muffins, biscuits and other baked goods at home are considered a luxury for many lower- and middle-income households across developed and developing nations.

The price point of these mixes is generally higher compared to basic all-purpose flour mainly due to additional processing and ingredients like baking powder, salt, sugar etc added in the mixes. However, a sizeable population still struggles with basic food security and any extra cost becomes a barrier for them in adopting convenient ready-to-use mixes.

Market Opportunities: Product innovation

Product innovation can open up great opportunities for growth in the global prepared flour mixes market. Developing new recipes, flavors and formats of prepared mixes has the potential to attract many new consumers worldwide. With rising health consciousness and shift towards convenience food options, innovating mixes with whole grains, organic ingredients, dietary customizations etc. will see increased demand.  One such area of innovation is developing gluten-free flour mixes for people with celiac disease or gluten intolerance. According to the National Foundation for Celiac Awareness, around 1 in 100 people globally have celiac disease. With growing diagnosis rates, the demand for gluten-free options is on the rise. Companies can capitalize on this need by introducing a variety of gluten-free baking and pancake mixes made from alternative flours like rice, chickpea, millet etc. This will provide safe options to the growing number of people opting for a gluten-free diet.

Prepared Flour Mixes Market By Type

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Insights by Type: Growing consumer preference for convenience and quality

In terms of type, bread mix is expected to contribute 50.8% share of the market in 2024. The bread mix segment holds the largest share of the prepared flour mixes market due to strong consumer demand. Breads such as sandwich loaves, rolls, and pitas are common items in family meals and lunches. With busy modern lifestyles, consumers increasingly value convenience products that save time in the kitchen. Bread mixes allow users to skip lengthy rising and kneading steps yet still produce homemade-quality results.

This "just add water" convenience resonates strongly with time-pressed consumers. Working families and singles especially appreciate how bread mixes can put freshly baked bread on the table with minimal effort. The consistent quality and reliability of commercial mixes also appeals compared to the variable results of making bread entirely from scratch. Mixes ensure dough rises properly and produces bread with the taste and texture people expect.

Demand remains high throughout the year but sees a particular boost during holiday seasons. Around Thanksgiving and Christmas when entertaining is common, consumers turn to mixes for stress-free homemade bread to accompany meals. Mixes help bakers satisfy family expectations for classic breads without taking hours in the kitchen. The consistent high quality of major mix brands has earned consumer trust over decades.

Insights by Application: Volume baking needs

In terms of application, food processing industry is expected to contribute 33.3% share of the market in 2024. Within the application segment of the prepared flour mixes market, food processing holds the largest share. This industry has substantial year-round volume needs for baked goods to serve customers. Mass-produced breads, rolls, snacks, and others require consistent, reliable dough production in huge quantities daily or weekly.

Compared to making all components from-scratch, mixes help industrial bakers streamline processes and ensure standardized results at scale. Mixes take the complex science and precision-timing out of formula development so processors obtain consistent dough without extensive R&D. They reduce costs of holding bulk ingredients in inventory too.

Further, mixes are often formulated to survive distribution without degradation better than raw ingredients. This durability maintains quality through processing lines and warehousing delays before products reach retailers. Their long shelf life also gives processors production flexibility without waste.

Regional Insights

Prepared Flour Mixes Market Regional Insights

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North America has emerged as the most dominant region in the global prepared flour mixes market. The U.S. accounts for the majority of the market share within the region due to growing demands for convenience food products. Busy lifestyles and increasing dual-income households have fueled the adoption of ready-to-use flour mixes for quick meal preparations. Leading brands from the country such as Betty Crocker, Pillsbury, and Bisquik have established a strong retail footprint with a wide range of products. This has further encouraged local manufacturers to expand their portfolio of flour mixes.

While the growth rate has slowed in recent years owing to saturation, North America still accounts for the highest per capita consumption of prepared flour mixes with 41.1% share in 2024. Prominent players also emphasize on new product innovations to sustain their leadership. For instance, several brands have introduced gluten-free and organic options in line with the changing dietary preferences of health-conscious consumers. Such initiatives are helping companies retain their existing customers as well as attract new users. Moreover, the pricing of prepared mixes in the region is optimal, allowing most household budgets to accommodate their consumption on a regular basis.

Among other regions, Asia Pacific  is emerging as the fastest growing market for prepared flour mixes globally. Countries such as Indonesia, Thailand, and Vietnam have shown discernible increase in demand primarily due to expanding middle-income populations and rapid urbanization. The improving living standards have coincided with a rise in dual incomes, prompting time-starved residents to opt for ready-to-use convenience products. Additionally, expat communities and students from other regions also contribute to the sales in Southeast Asian nations.  Local manufacturers are upgrading their manufacturing capabilities and formulations to effectively address the diverse needs of domestic consumers while also exploring export opportunities arising from trade agreements. Several Southeast Asian countries also depend on imports from major producers to address the shortfall between local supply and demand. This presents ample scope for multinational brands to establish production hubs and strengthen market penetration through collaborations with regional players. Overall, Southeast Asia promises strong long-term prospects for prepared flour mixes driven by continued economic and demographic transformations underway in nations across the region.

Market Report Scope

Prepared Flour Mixes Market Report Coverage

Report Coverage Details
Base Year: 2023 Market Size in 2024: US$ 34.46 Bn
Historical Data for: 2019 To 2023 Forecast Period: 2024 To 2031
Forecast Period 2024 to 2031 CAGR: 8.10% 2031 Value Projection: US$ 59.44 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, Israel, South Africa, and Rest of Middle East & Africa
Segments covered:
  • By Type: Bread Mix , Pastry Mix , Batter Mix , and Others
  • By Application : Household , Bakery Shop , Food Processing Industry , and Others 
Companies covered:

ADM, Lesaffre, Bakels Group, PURATOS, Associated British Foods plc, Allied Pinnacle Pty. Ltd., Intermix, Rich Products Corp., Nisshin Seifun Group Inc., Yihai Kerry, Nitto-fuji International Vietnam Co., Ltd., Pondan (PPMI), Interflour Group Pte. Ltd., Tate & Lyle, Frutarom ,  General Mills., Bakels India, Limagrain , Surebake, and Romix Foods Limited

Growth Drivers:
  • Busy lifestyles and convenience factor
  • Rising health consciousness 
Restraints & Challenges:
  • Premium pricing of prepared flour mixes
  • Raw material price volatility

Key Developments

  • In March 2024, Bob’s Red Mill launched a new line of baking mixes
  • In March 2024, Pillsbury Baking launched the Creamy Cake Mix Line and Stuffed Cookie Kits
  • In March 2024, King Arthur Baking Company launched Savory Bread Mix Kits
  • In 2023, Puratos India launches a new curry masala bread mix

Definition: Prepared flour mixes market involves ready-to-use dry mixes for various baked goods and desserts that only require the addition of water, eggs, or oil by consumers. These mixes typically contain pre-measured flour, leavening agents, salt, sugar, and other dry ingredients already blended together, saving home bakers prep time. Popular categories include pancake mixes, bread mixes, cake mixes, brownie mixes, and pizza dough mixes. The prepared flour mixes market has grown in demand as more people seek convenient options for baking at home.

Market Segmentation

  • Type Insights (Revenue, USD Bn, 2019 - 2031)
    • Bread Mix
    • Pastry Mix
    • Batter Mix
    • Others
  •  Application  Insights (Revenue, USD Bn, 2019 - 2031)
    • Household
    • Bakery Shop
    • Food Processing Industry
    • Others
  • Regional Insights (Revenue, USD Bn, 2019 - 2031)
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC Countries
      • Israel
      • Rest of Middle East & Africa
  • Key Players Insights
    • ADM
    • Lesaffre
    • Bakels Group
    • PURATOS
    • Associated British Foods plc
    • Allied Pinnacle Pty. Ltd.
    • Intermix
    • Rich Products Corp.
    • Nisshin Seifun Group Inc.
    • Yihai Kerry
    • Nitto-fuji International Vietnam Co., Ltd.
    • Pondan (PPMI)
    • Interflour Group Pte. Ltd.
    • Tate & Lyle
    • Frutarom
    • General Mills.
    • Bakels India
    • Limagrain ]
    • Surebake
    • Romix Foods Limited

Frequently Asked Questions

The CAGR of the global prepared flour mixes market is projected to be 8.1% from 2024 to 2031.

Busy lifestyles and convenience factor and rising health consciousness are the major factors driving the growth of the global prepared flour mixes market.

Premium pricing of prepared flour mixes and raw material price volatility are the major factors hampering the growth of the global prepared flour mixes market.

In terms of type, bread mix is estimated to dominate the market revenue share in 2024.

ADM, Lesaffre, Bakels Group, PURATOS, Associated British Foods plc, Allied Pinnacle Pty. Ltd., Intermix, Rich Products Corp., Nisshin Seifun Group Inc., Yihai Kerry, Nitto-fuji International Vietnam Co., Ltd., Pondan (PPMI), Interflour Group Pte. Ltd., Tate & Lyle, Frutarom , General Mills., Bakels India, Limagrain ], Surebake, and Romix Foods Limited are the major players.

North America is expected to lead the global prepared flour mixes market.

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