Published Date: 30-Apr-22
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According to a new report, published by KBV research, The Global Prepared Flour Mixes Market size is expected to reach $34.2 billion by 2027, rising at a market growth of 6.6% CAGR during the forecast period.
The Bakery Shops segment acquired the maximum revenue share in the Global Prepared Flour Mixes Market by Application in 2020, thereby, achieving a market value of $21.7 billion by 2027. Because prepared dough products are more constant than conventional baker's yeast, they can be used right out of the package with no additional preparation or treatment. Furthermore, pre-made doughs and mixes enable bakers to produce distinctive flavors that set them apart from the competitors. Because they improve crumb uniformity and reduce flakes in pastries, prepared flour mixes like bread, pastry, and batter mixes have acquired widespread favor in bakeries.
The Pastry Mix segment is showcasing a CAGR of 6.8% during (2021 - 2027). This is owing to rapidly increasing bakery sectors in countries like China and India. Furthermore, the growth of the segment would be driven by ongoing product innovation in pastry mixes as a consequence of rising demand for specialized items like gluten-free and low-calorie foods as a result of rising health consciousness. Moreover, pastry mixes and doughs are flour mixtures that can be used to make a variety of pastries such as cakes, biscuits, cookies, donuts, and more. These premixed chemicals are available from a variety of brands that appeal to different clients with varied needs.
The North America market dominated the Global Prepared Flour Mixes Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $12.0 billion by 2027. The Europe market is estimated to witness a CAGR of 6.2% during (2021 - 2027). Additionally, The Asia Pacific market would display a CAGR of 6.9% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Lesaffre Group, Wilmar International Limited, Bakels Group, Puratos NV/SA, Allied Mills, Rich Products Corporation, Nisshin Seifun Group Inc., CJ CheilJedang Corporation, and PT. Pondan Pangan Makmur Indonesia.
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