Report : Middle East and Africa Prepared Flour Mixes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Category (Gluten-Free and Conventional), and Application (Breads, Cakes and Others)
The Breads Segment to Dominate Middle East and Africa Prepared Flour Mixes Market during 2021-2028
According to a new market research study on “Middle East and Africa Prepared Flour Mixes Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Category, Application and Country,” is expected to reach US$ 4,178.03 million by 2028 from US$ 2,845.68 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa prepared flour mixes market along with the drivers and restraints pertaining to the market growth. Widescale application scope, and development in the bakery industry are major factors driving the growth of the Middle East and Africa prepared flour mixes market. However, rapid change in raw material prices may hinder the growth of Middle East and Africa prepared flour mixes market.
In the Middle East and Africa, South Africa, Iraq, and Israel are among the major countries with a high number of COVID-19 confirmed cases and deaths. According to the International Finance Corporation, the COVID-19 pandemic has a severe impact on the economy of the Middle East & Africa, which has led to a decline in oil production, tourism, and remittances. South Africa has the highest number of COVID-19 cases in the Middle East and Africa, followed by the UAE and Saudi Arabia. Due to lockdown in the Middle East and African countries, various food and beverages companies remained closed, which reduced the sale of various products and negatively impacted the prepared flour mixes market in the region.
The market for Middle East and Africa prepared flour mixes is segmented into category, application and country. Based on category, the market is segmented into gluten-free and conventional. In 2020, the conventional segment held the largest share in Middle East and Africa prepared flour mixes market. Based on application, the Middle East and Africa prepared flour mixes market is divided into breads, cakes and others. The cakes segment is expected to be the fastest growing segment over the forecast period. Based on country, the Middle East and Africa prepared flour mixes market is segmented into South Africa, Saudi Arabia, UAE and and Rest of Middle East and Africa. In 2020, rest of Middle East and Africa held the largest share in Middle East and Africa prepared flour mixes market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa prepared flour mixes market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for prepared flour mixes.
AB Mauri; Puratos; Lesaffre; Archer Daniels Midland Company; General Mills, Inc.; Kerry Group; and Swiss Bake Ingredients Pvt. Ltd. are some of the leading companies in the Middle East and Africa prepared flour mixes market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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