According to the recent FMI report, the sales of flour
mixes are expected to surpass a value of US$ 44.7 Bn in
2032, rising at a CAGR of around 7.3% during the forecast
period (2022-2032).
The demand for ready-to-eat and processed foods among
consumers is rapidly increasing, resulting in the widespread use of batter
mixes in a variety of convenience foods. In addition, demand for low-carb and
gluten-free products is pushing the batter mixes production, which is a major
factor driving the growth in the market.
Furthermore, increased investments in research and development
efforts for developing batter technologies are expected to boost the demand for
batter mix between 2022 and 2032.
Growth is also attributed to the increased demand for
seafood around the world. Flour mixes is used to coat the fish with batter
mixes to mask the smell of seafood, therefore, pushing the sales of batter
mixes in the food industry.
It is also used in vegetarian cuisine, especially those made
with common veggies, to provide the food with more crispness, flavor, and
taste. As a result, the market for batter mixes is expected to increase at a
rapid pace in the future years.
Key Takeaways from the Flour Mixes Market Study:
- Rising
demand for premium quality prepared flour mixes with high nutritional
content in the Asia Pacific is expected to drive the market.
- In
2022, North America is projected to dominate the market, accounting for
around 2% of worldwide revenue.
- In
2022, Europe and the Middle East, and Africa flour mixes market,
collectively, will account for approximately 8% of the
total market share.
- In
terms of product type, the batter mixture segment is projected to dominate
the market over the forecast period.
- Based
on application, the bakery shop segment is expected to account for
significant share in the market.
“Key market players are investing in research and
development (R&D) in order to introduce new products and gain a competitive
edge. Companies are also pursuing tactics such as collaboration, acquisitions,
mergers, and partnerships in order to extend their client base and increase
revenues.” said a lead analyst at FMI.
Who is winning?
Key players operating in the global flour mixes market are
focusing on reaching a large consumer base by implementing various strategies
such as product innovations, marketing & promotional activity,
strengthening distribution channels, and adopting sustainable production.
Some of the leading companies offering flour mixes are
Nippon Flour Mills, Rikevita Food, Prima Flour, IREKS, AngelYeast, AB Mauri,
Showa Sangyo, Griffith, Kerry, CSM, and others.
Get Valuable Insights into Flour Mixes Market
FMI, in its new offering, provides an unbiased analysis of
flour mixes presenting historical demand data (2017-2022) and forecast
statistics for the period from (2022-2032).
Flour Mixes Market By Category
By Product:
- Bread
Mixes
- Oat
Bread
- White
Bread
- Dark
Bread
- Multigrain
Bread
- Batter
Mixes
- Pastry
Mixes
By Application:
- Food
Processing Industry
- Household
- Bakery
Shop
- Others
By Region:
- North
America
- Latin
America
- Europe
- Asia
Pacific
- Oceania
- MEA
Access Full Report:https://www.futuremarketinsights.com/reports/flour-mixes-market