The Asia Pacific Prepared Flour Mixes Market would witness market growth of 6.9% CAGR during the forecast period (2021-2027).
The market is seeing an increase in demand for high-performance prepared flour mixes as a result of the global shift. For premium-category customers, manufacturers have begun to offer custom-formulated flour solutions. Moreover, industry players have been able to target a niche consumer base as a result of these offers, which is driving the global prepared flour mixes market forward. Furthermore, some of the growth catalysts for the market are longer shelf life, easier transportation, and storage of premade flour mixes.
Prominent manufacturers are investing in R&D to provide high-quality, tailored solutions for a variety of baking applications, which would create positive trends for the market. Moreover, a key trend of the regional market is the expansion of bakery outlets and increased disposable income in emerging nations such as India, China, and Brazil.
Nisshin Seifun Group opened its first premix factory in Vietnam in December 2019 in order to gain a larger portion of the Asian market. This move would also enable the corporation to capitalise on the country's abundant human resources, broaden its product line, and make use of its well-established distribution network.
CJ Foods Miling Vietnam opened a new premixed flour factory in July 2015, with an annual capacity of over 160,000 tonnes of wheat flour and 10,000 tonnes of premix.
The China market dominated the Asia Pacific Prepared Flour Mixes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,779.7 million by 2027. The Japan market is poised to grow at a CAGR of 6.2% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 7.5% during (2021 - 2027).
Based on Application, the market is segmented into Bakery Shops, Food Processing Industry, Household and Others. Based on Product, the market is segmented into Bread Mix, Pastry Mix and Batter Mix. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Prepared Flour Mixes Market is Projected to reach USD 34.2 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lesaffre Group, Wilmar International Limited, Bakels Group, Puratos NV/SA, Allied Mills, Rich Products Corporation, Nisshin Seifun Group Inc., CJ CheilJedang Corporation, and PT. Pondan Pangan Makmur Indonesia.
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