Asia Pacific Prepared Flour Mixes Market

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.

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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

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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

Asia Pacific Prepared Flour Mixes Strategic Insights

Strategic insights for the Asia Pacific Prepared Flour Mixes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Prepared Flour Mixes Report Scope

Asia Pacific Prepared Flour Mixes Regional Insights

The geographic scope of the Asia Pacific Prepared Flour Mixes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.