The Conventional Segment to Dominate South and Central America Prepared Flour Mixes Market during 2021-2028

According to a new market research study on “South and Central America Prepared Flour Mixes Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Category, Application and Country,” is expected to reach US$ 3,060.11 million by 2028 from US$ 2,054.57 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The report provides trends prevailing in the South and Central America prepared flour mixes market along with the drivers and restraints pertaining to the market growth. Widescale usage of prepared flour, and growing bakery industry are major factors driving the growth of the South and Central America prepared flour mixes market. However, variations in raw material prices may hinder the growth of South and Central America prepared flour mixes market.

Brazil recorded the highest number of COVID-19 cases in South and Central America, followed by Ecuador, Chile, Peru, and Argentina. Governments of these countries have taken an array of actions to protect their citizens and contain the virus spread. The region experienced lower export revenues from the dropping commodity prices and reduction in export volumes, especially due to lowered export performance in China, Europe, and the US. Containment measures in several South and Central American countries have reduced economic activity in the food & beverages industry. However, the market is likely to rebound once the country manages to control the epidemics.

The market for South and Central America 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 South and Central America prepared flour mixes market. Based on application, the South and Central America 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 South and Central America prepared flour mixes market is segmented into Brazil, Argentina and rest of South and Central America. In 2020, Brazil held the largest share in South and Central America prepared flour mixes market. Furthermore, in this present scenario of COVID 19 pandemic, the South and Central America prepared flour mixes market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South and Central America 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.; and Kerry Group are some of the leading companies in the South and Central America 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com