What is Premix Flour Market?
The global premix flour market is expected to grow at a healthy pace during the forecast period, according to the AMA study. High demand for cookies & bakery products and increasing consumption of cakes & pastries are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Complete Mix, Dough-base Mix, Dough Concentrates and Enhanced Proteins), by Application (Bread Products and Non-Bread Products) and major geographies with country level break-up.
ALLIED MILLS LIMITED (United Kingdom), Archer Daniels Midland (United States), Bakels (Germany), Enhance Proteins Ltd. (India), Karl Fazer (Finland), Lesaffre (France), Malindra Group (United States), Puratos (Belgium), SwissBake (India) and Watson Inc. (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing new strategies by offerings such as discounts & extra free products in order to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Premix Flour market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Premix Flour market by Type, Application and Region.
On the basis of geography, the market of Premix Flour has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Cookies & Bakery Products
- Demand for Greater Safety & Consistency in Taste of Bakery Products
- Increasing Demand of Cakes and Pastries
Market Trend
- Rising Adoption of Online Sales Channel
Restraints
- Short Term Restraint for the Market Due to Challenges in Transoportation & Logistics Sector Across Different Region Due to COVID-19 Pandemic
- Cancellation of Events & Public Gatherings is Reducing the Demand for Cakes & Pasteries along with Other Bakery Products
Opportunities
- Opportunities in the Asia Pacific Region
Challenges
- Volatility of Raw Material & Production Costs
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Leading to Generation of Demand & Supply Gap in the Market
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