Asia Pacific 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)
Market Introduction
The Asia Pacific prepared flour mixes market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Consumers’ eating pattern have been drastically changed due to the rising westernization. The demand for prepared flour mixes is driven by various factors, such as increasing consumer preference for high fiber, gluten-free, whole grain, and healthy/fortified bread and other bakery products. With rising uptake of healthy lifestyle, these products have gained significant popularity among consumers. Initially, prepared flour mixes were primarily used in making bread and cakes but the gradual upswing in the product demand has widened their application scope. These flour mixes are now used in pastry, muffins, donuts, cookies, biscuits, and others, which are widely consumed across the region. Besides, increasing health concerns and a surge in the geriatric population have encouraged consumers to opt for healthier food substitutes, such as value-added baked goods. This change in consumer inclination toward ready-to-eat food products has fueled the demand for bread and cakes, thus positively influencing the growth of the prepared flour mixes market. Prepared flour mixes comprise ingredients that help in calorie reduction and offer additional nutrients, such as vital fats, vitamins, and carbohydrates. Various prepared flour mixes, such as batter mixes, pastry mixes, and bread mixes, are extensively used for frying as they help in quick and crispy browning. The widening application scope of prepared flour mixes is aiding the market growth substantially.
The COVID-19 pandemic caused a significant economic loss in Asia Pacific. India recorded the highest number of COVID-19 cases across the region. Also, the emergence of new COVID-19 waves in India, Thailand, and other Asian economies have prolonged the effect of the pandemic on the food & beverages industries. The pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which has a direct impact on the growth of industrial sectors. Therefore, the pandemic is going to have an impact on the prepared flour mixes market.
Market Overview and Dynamics
The prepared flour mixes market in Asia Pacific is expected to grow from US$ 7,302.69 million in 2021 to US$ 10,364.99 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. Various bakery products, such as rolls, bread, buns, cookies, wafers, cakes, biscuits, and crackers, are staple foods of a majority of the populace in the region. The countries in these regions are also known to have the highest number of gluten-intolerant populations. The populace in these regions is shifting to gluten-free dietary lifestyles on a large scale. Gluten is a protein that is majorly found in four grains, namely, rye, wheat, barley, and triticale (crossbreed). Its main purpose is to offer elasticity to the dough, which is further utilized to produce a product line by imparting a chewy texture and maintaining its shape. However, this protein is not suitable for every consumer, resulting in several health-related issues. Therefore, companies are focusing on manufacturing and marketing a line of gluten-free products, as they witness a demand for it from consumers suffering from gluten-intolerance. The increasing consumer inclination toward gluten-free bakery products, such as cakes, bread, and pastries, on account of mounting health concerns, is likely to drive the prepared flour mix market's growth over the forecast period. These products help prevent various diseases, including heart diseases, obesity, cancer, and metabolic syndromes. Consequently, the rise in demand for gluten-free products and new product launches by several organizations are expected to drive the growth of the prepared flour mixes market in the near future.
Key Market Segments
Based on category, the conventional segment accounted for the largest share of the Asia Pacific prepared flour mixes market in 2020. Based on application, the breads segment accounted for the largest share of the Asia Pacific prepared flour mixes market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific prepared flour mixes market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include AB Mauri; Puratos; Lesaffre; Archer Daniels Midland Company; General Mills, Inc.; Kerry Group; Swiss Bake Ingredients Pvt. Ltd.; Nitto-Fuji International Vietnam Co. Ltd.; and Allied Pinnacle.
Reasons to buy report
- To understand the Asia Pacific prepared flour mixes market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific prepared flour mixes market
- Efficiently plan M&A and partnership deals in Asia Pacific prepared flour mixes market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific prepared flour mixes market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.
Asia Pacific Prepared Flour Mixes Market Segmentation
Asia Pacific Prepared Flour Mixes Market – By Category
- Gluten-Free
- Conventional
Asia Pacific Prepared Flour Mixes Market – By Application
- Breads
- Cakes
- Others
Asia Pacific Prepared Flour Mixes Market – By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Asia Pacific Prepared Flour Mixes Market – Company Profiles
- AB Mauri
- Puratos
- Lesaffre
- Archer Daniels Midland Company
- General Mills, Inc.
- Kerry Group
- Swiss Bake Ingredients Pvt. Ltd.
- Nitto-Fuji International Vietnam Co. Ltd.
- Allied Pinnacle
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Asia Pacific Prepared Flour Mixes Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Competitive Rivalry
4.3 Value Chain Analysis
4.3.1 Raw Material
4.3.2 Manufacturing/Processing
4.3.3 Packaging
4.4 Expert Opinion
5. Prepared Flour Mixes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Wide Application Scope of Prepared Flour
5.1.2 Expansion of the Bakery Industry
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Use of Fortified of Prepared Flour Mixes
5.4 Future Trends
5.4.1 Rise in Demand for Gluten-free Products
5.5 Impact Analysis
6. Prepared Flour Mixes Market– Asia Pacific Analysis
6.1 Prepared Flour Mixes Market Overview
6.2 Prepared Flour Mixes Market –Revenue and Forecast To 2028 (US$ Million)
7. Asia Pacific Prepared Flour Mixes Market Analysis – By Category
7.1 Overview
7.2 Prepared Flour Mixes Market, By Category (2020 and 2028)
7.3 Gluten Free
7.3.1 Overview
7.3.2 Gluten Free: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Conventional
7.4.1 Overview
7.4.2 Conventional: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Prepared Flour Mixes Market Analysis – By Application
8.1 Overview
8.2 Prepared Flour Mixes Market, By Application (2020 and 2028)
8.3 Breads
8.3.1 Overview
8.3.2 Breads: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cakes
8.4.1 Overview
8.4.2 Cakes: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Prepared Flour Mixes Market – Country Analysis
9.1 Asia-Pacific: Prepared Flour Mixes Market
9.1.1 Asia-Pacific: Prepared Flour Mixes Market, by Key Country
9.1.1.1 Australia: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Prepared Flour Mixes Market, by Category
9.1.1.1.2 Australia: Prepared Flour Mixes Market, by Application
9.1.1.2 China: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Prepared Flour Mixes Market, by Category
9.1.1.2.2 China: Prepared Flour Mixes Market, by Application
9.1.1.3 India: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Prepared Flour Mixes Market, by Category
9.1.1.3.2 India: Prepared Flour Mixes Market, by Application
9.1.1.4 Japan: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Prepared Flour Mixes Market, by Category
9.1.1.4.2 Japan: Prepared Flour Mixes Market, by Application
9.1.1.5 South Korea: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Prepared Flour Mixes Market, by Category
9.1.1.5.2 South Korea: Prepared Flour Mixes Market, by Application
9.1.1.6 Rest of Asia-Pacific: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia-Pacific: Prepared Flour Mixes Market, by Category
9.1.1.6.2 Rest of Asia-Pacific: Prepared Flour Mixes Market, by Application
10. Overview- Impact of Coronavirus Outbreak on Asia Pacific Prepared Flour Mixes Market
10.1 Overview
10.2 Impact of COVID-19 on Prepared Flour Mixes Market
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product launch
11.3 Mergers & acquisition
11.4 Partnership
12. Company Profiles
12.1 AB Mauri
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Puratos
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lesaffre
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Archer Daniels Midland Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 General Mills, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Kerry Group
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Swiss Bake Ingredients Pvt. Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nitto-Fuji International Vietnam Co. Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Allied Pinnacle
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific: Prepared Flour Mixes Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. Australia: Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia-Pacific: Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia-Pacific: Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Prepared Flour Mixes Market Segmentation
Figure 2. Prepared Flour Mixes Market Segmentation – By Country
Figure 3. Asia Pacific Prepared Flour Mixes Market Overview
Figure 4. Conventional Segment Held Largest Share of Asia Pacific Prepared Flour Mixes Market
Figure 5. China Held Largest Share of Asia Pacific Prepared Flour Mixes Market
Figure 6. Asia Pacific Prepared Flour Mixes Market, Industry Landscape
Figure 7. Porter ‘s Five Forces Analysis for Prepared Flour Mixes Market
Figure 8. Value Chain Analysis: Prepared Flour Mixes Market
Figure 9. Expert Opinion
Figure 10. Agricultural Commodity Prices for Wheat, Barley, and Sugar (US$/kg), 2017-2021
Figure 11. Prepared Flour Mixes Market Impact Analysis of Drivers and Restraints
Figure 12. Asia Pacific: Prepared Flour Mixes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Prepared Flour Mixes Market Revenue Share, By Category (2020 and 2028)
Figure 14. Gluten Free: Prepared Flour Mixes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Conventional: Prepared Flour Mixes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Prepared Flour Mixes Market Revenue Share, By Application (2020 and 2028)
Figure 17. Breads: Prepared Flour Mixes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Cakes: Prepared Flour Mixes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: Prepared Flour Mixes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Asia Pacific: Prepared Flour Mixes Market, by Key Country – Revenue (2020) (US$ Million)
Figure 21. Asia-Pacific: Prepared Flour Mixes Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. Australia: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Asia-Pacific: Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic on Prepared Flour Mixes Market in Asia-Pacific
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- AB Mauri
- Puratos
- Lesaffre
- Archer Daniels Midland Company
- General Mills, Inc.
- Kerry Group
- Swiss Bake Ingredients Pvt. Ltd.
- Nitto-Fuji International Vietnam Co. Ltd.
- Allied Pinnacle
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific prepared flour mixes market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific prepared flour mixes market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific prepared flour mixes market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution