The Europe Prepared Flour Mixes Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
The prepared flour mixes market is expected to grow rapidly due to the fast expansion of application industries. Additionally, wheat foods are produced in large quantities on the market, resulting in significant product consumption. Moreover, the presence of a healthy wheat flour industry in the region would help the market in the long run. Furthermore, the Food and Drug Administration of the United States specifies and controls the components needed to make rolls, buns, and bread under section 136.111. The law gives market players instructions on how to use substances like phosphate flour or combination water, milk products, bromated flour, salt, and coloring, as well as yeast, which are essential in the production of prepared flour mixes.
To appeal to health-conscious consumers, manufacturers are constantly enhancing gluten-free, prepared flour-mix items like bread and pastry mix. In addition, growing competition from large corporations and small bakeries aiming to capitalize on rising healthy eating habits in European nations such as the United Kingdom, Germany, and France is expected to improve market prospects. Natural additives can readily be added to prepared flour mix products to improve their nutritional profile.
The COVID-19 crisis hit Europe's economy hard and prompted significant governmental measures across the continent. Lockdowns, travel bans, and business closures have all had an impact on economies and businesses in many countries. The coronavirus outbreak has impacted the United Kingdom, France, and Russia the worst in Europe. Member states have taken dramatic measures, including temporarily sealing their borders and imposing travel restrictions.
The Germany market dominated the Europe Prepared Flour Mixes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,319.5 million by 2027. The UK market is exhibiting a CAGR of 5.4% during (2021 - 2027). Additionally, The France market would display a CAGR of 7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Prepared Flour Mixes Market Size will Hit $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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