The Latin America, Middle East and Africa Prepared Flour Mixes Market is expected to witness market growth of 8.2% CAGR during the forecast period (2021 2027).
As more consumers turn away from artificial sweeteners, preservatives, and chemicals, manufacturers are focusing on developing or manufacturing prepared flour mixes utilizing natural or organic components. As a result, gluten-free and natural flour mixes are becoming increasingly popular. Meanwhile, major businesses are investing in research to discover new tastes and improve their taste. Flour mix companies are performing quality-assurance testing of the product because they are ingredient-focused and nutrition-focused, and they are willing to pay more for a higher-quality product.
South Africa, Iraq, and Israel are among the MEA nations with the highest number of confirmed COVID-19 cases and deaths. The COVID-19 pandemic, as per the International Finance Corporation, has had a significant influence on the Middle East and Africa's economy, resulting in a drop in oil production, tourism, and remittances. In the Middle East and Africa, South Africa has the most COVID-19 cases, followed by the UAE and Saudi Arabia. Various food and beverage companies stayed closed as a result of the Middle East and African countries' lockdowns, reducing the sale of various items and negatively impacting the prepared flour mix market in the region. Premiumization of premixes is gaining popularity among consumers as a result of its functional characteristics. In addition, South American countries such as Brazil and Ukraine have robust demand for such premixes.
The Brazil market dominated the LAMEA Prepared Flour Mixes Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $656.4 million by 2027. The Argentina market is anticipated to grow at a CAGR of 8.8% during (2021 - 2027). Additionally, The UAE market is expected to display CAGR of 7.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
As more consumers turn away from artificial sweeteners, preservatives, and chemicals, manufacturers are focusing on developing or manufacturing prepared flour mixes utilizing natural or organic components. As a result, gluten-free and natural flour mixes are becoming increasingly popular. Meanwhile, major businesses are investing in research to discover new tastes and improve their taste. Flour mix companies are performing quality-assurance testing of the product because they are ingredient-focused and nutrition-focused, and they are willing to pay more for a higher-quality product.
South Africa, Iraq, and Israel are among the MEA nations with the highest number of confirmed COVID-19 cases and deaths. The COVID-19 pandemic, as per the International Finance Corporation, has had a significant influence on the Middle East and Africa's economy, resulting in a drop in oil production, tourism, and remittances. In the Middle East and Africa, South Africa has the most COVID-19 cases, followed by the UAE and Saudi Arabia. Various food and beverage companies stayed closed as a result of the Middle East and African countries' lockdowns, reducing the sale of various items and negatively impacting the prepared flour mix market in the region. Premiumization of premixes is gaining popularity among consumers as a result of its functional characteristics. In addition, South American countries such as Brazil and Ukraine have robust demand for such premixes.
The Brazil market dominated the LAMEA Prepared Flour Mixes Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $656.4 million by 2027. The Argentina market is anticipated to grow at a CAGR of 8.8% during (2021 - 2027). Additionally, The UAE market is expected to display CAGR of 7.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Bakery Shops
- Food Processing Industry
- Household
- Others
By Product
- Bread Mix
- Pastry Mix
- Batter Mix
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Lesaffre Group
- Wilmar International Limited
- Bakels Group
- Puratos NV/SA
- Allied Mills
- Rich Products Corporation
- Nisshin Seifun Group Inc.
- CJ CheilJedang Corporation
- PT. Pondan Pangan Makmur Indonesia
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. LAMEA Prepared Flour Mixes Market by Application
Chapter 5. LAMEA Prepared Flour Mixes Market by Product
Chapter 6. LAMEA Prepared Flour Mixes Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Lesaffre Group
- Wilmar International Limited
- Bakels Group
- Puratos NV/SA
- Allied Mills
- Rich Products Corporation
- Nisshin Seifun Group Inc.
- CJ CheilJedang Corporation
- PT. Pondan Pangan Makmur Indonesia
Methodology
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