North America 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 North America 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. Various bakery products, such as rolls, bread, buns, cookies, wafers, cakes, biscuits, and crackers, are staple foods of a majority of the populace in North America. 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.
North America is one of the worst affected economies due to the COVID-19 pandemic. The US recorded the highest number of COVID-19 confirmed cases in the region than Mexico and Canada. The unprecedented rise in the number of COVID-19 cases across the US and Canada along with the subsequent lockdown of manufacturing facilities in the countries have negatively influenced the growth of the food & beverages industry. However, with the reopening of several growth markets in the region, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the demand for prepared flour mixes is anticipated to grow at a steady pace in the coming years.
Market Overview and Dynamics
The prepared flour mixes market in North America is expected to grow from US$ 4,263.49 million in 2021 to US$ 6,453.92 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. Fortification is adding certain functional ingredients to prepared flour mixes to enhance their therapeutic and nutritional content. The increased consumption of bakery products, such as cakes, bread, cookies, and pastries, among consumers show considerable potential for micronutrient enrichment of bakery products. Due to the ease of access to the target market, fortification of prepared flour mixes is essential. Nowadays, consumers across the region are becoming more conscious about the quality of their food, and, as a result, manufacturers are concentrating on fortifying bakery products with new functional and bioactive substances in addition to essential nutrition. However, the taste of fortified flour mixes could be a problem for bakery products manufacturers. Hence, they are focusing on creating new recipes with the help of technology so that there is only a minor difference in the taste of bakery products after fortification. The market demand for prepared flour mixes is likely to grow in the near future as they are easily fortified with natural ingredients to boost the nutritional profile. The demand for fortification has increased significantly in recent years due to the increased prevalence of micronutrient deficiency disorders among people and the lack of micronutrients in food, leading to severe malnutrition.
Key Market Segments
Based on category, the conventional segment accounted for the largest share of the North America prepared flour mixes market in 2020. Based on application, the breads segment accounted for the largest share of the North America 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 North America 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.; and Kerry Group.
Reasons to buy report
- To understand the North America 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 North America prepared flour mixes market
- Efficiently plan M&A and partnership deals in North America 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 North America prepared flour mixes market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Prepared Flour Mixes Market Segmentation
North America Prepared Flour Mixes Market – By Category
- Gluten-Free
- Conventional
North America Prepared Flour Mixes Market – By Application
- Breads
- Cakes
- Others
North America Prepared Flour Mixes Market – By Country
- US
- Canada
- Mexico
North America Prepared Flour Mixes Market – Company Profiles
- AB Mauri
- Puratos
- Lesaffre
- Archer Daniels Midland Company
- General Mills, Inc.
- Kerry Group
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. North America 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 Widening Application Scope
5.1.2 Growth of Bakery Industry
5.2 Market Restraints
5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
5.3.1 Use of Fortified Prepared Flour Mixes
5.4 Future Trends
5.4.1 Upsurge in Demand for Gluten-free Products
5.5 Impact Analysis
6. Prepared Flour Mixes Market– North America Analysis
6.1 Prepared Flour Mixes Market Overview
6.2 Prepared Flour Mixes Market –Revenue and Forecast to 2028 (US$ Million)
7. North America 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. North America 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. North America Prepared Flour Mixes Market – Country Analysis
9.1 North America: Prepared Flour Mixes Market
9.1.1 North America: Prepared Flour Mixes Market, by Key Country
9.1.1.1 US: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Prepared Flour Mixes Market, by Category
9.1.1.1.2 US: Prepared Flour Mixes Market, by Application
9.1.1.2 Canada: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Prepared Flour Mixes Market, by Category
9.1.1.2.2 Canada: Prepared Flour Mixes Market, by Application
9.1.1.3 Mexico: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Prepared Flour Mixes Market, by Category
9.1.1.3.2 Mexico: Prepared Flour Mixes Market, by Application
10. Overview- Impact of Coronavirus Outbreak on North America Prepared Flour Mixes Market
10.1 Overview
10.2 Impact of COVID-19 on Prepared Flour Mixes Market
10.3 North America: 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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America: Prepared Flour Mixes Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. US Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Prepared Flour Mixes Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Prepared Flour Mixes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. Prepared Flour Mixes Market Segmentation
Figure 2. Prepared Flour Mixes Market Segmentation – By Country
Figure 3. North America Prepared Flour Mixes Market Overview
Figure 4. Conventional Segment Held Largest Share of North America Prepared Flour Mixes Market
Figure 5. US Held Largest Share of North America Prepared Flour Mixes Market
Figure 6. North America 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$/kg), 2017-2021
Figure 11. Prepared Flour Mixes Market Impact Analysis of Drivers and Restraints
Figure 12. North America: Prepared Flour Mixes Market – Revenue and Forecast To 2028 (US$ 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. North America: Prepared Flour Mixes Market, by Key Country – Revenue (2020) (US$ Million)
Figure 21. North America: Prepared Flour Mixes Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: Prepared Flour Mixes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic on Prepared Flour Mixes Market in North America
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- AB Mauri
- Puratos
- Lesaffre
- Archer Daniels Midland Company
- General Mills, Inc.
- Kerry Group
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