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Baking Mix & Prepared Food Production in the US Industry Data and Analysis
The Baking Mix & Prepared Food Production industry in the US has experienced notable shifts recently, mainly driven by evolving consumer preferences for healthier, more sustainable options. Companies like General Mills and Conagra have responded by introducing gluten-free and organic products, aligning with demand for clean labels and transparent sourcing. The industry has had to innovate rapidly, introducing new product lines and reformulating existing ones to appeal to a health-conscious market. Mergers and acquisitions have also played a significant role, allowing companies to quickly adapt and expand their offerings in response to these changes. Industry-wide revenue has been growing at a CAGR of 3.3% over the past five years and is expected to total $49.5 billion in 2026, when revenue will dip by an estimated 0.3%.
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What's included in this industry analysis
IBISWorld's research coverage on the Baking Mix & Prepared Food Production industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Baking Mix & Prepared Food Production industry in the United States operates under the NAICS industry code 31199. Operators in this industry produce perishable prepared foods, such as sandwiches, meals and peeled or cut vegetables. Industry operators use dried and dehydrated ingredients to produce dessert mixes, flavoring powders and processed eggs. Related terms covered in the Baking Mix & Prepared Food Production industry in the United States include premium brand, shelf life and food service provider.
What's included in this industry?
Products and services covered in Baking Mix & Prepared Food Production industry in the United States include Perishable prepared foods, Egg products and Flavoring powders, tablets and paste .
What companies are included in this industry?
Companies covered in the Baking Mix & Prepared Food Production industry in the United States include Archer-Daniels-Midland Co, Kraft Heinz Co and Cal-Maine Foods, Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Baking Mix & Prepared Food Production industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Baking Mix & Prepared Food Production industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Baking Mix & Prepared Food Production industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Baking Mix & Prepared Food Production industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Baking Mix & Prepared Food Production industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Baking Mix & Prepared Food Production industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Baking Mix & Prepared Food Production industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Baking Mix & Prepared Food Production industry in the United States.
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Frequently Asked Questions
What is the market size of the Baking Mix & Prepared Food Production industry in the United States in 2026?
The market size of the Baking Mix & Prepared Food Production industry in the United States is $49.5bn in 2026.
How many businesses are there in the Baking Mix & Prepared Food Production industry in the United States in 2026?
There are 1,821 businesses in the Baking Mix & Prepared Food Production industry in the United States, which has grown at a CAGR of 3.4 % between 2021 and 2026.
How may import tariffs affect the Baking Mix & Prepared Food Production industry in the United States?
The Baking Mix & Prepared Food Production industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Baking Mix & Prepared Food Production industry in the United States?
The Baking Mix & Prepared Food Production industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Baking Mix & Prepared Food Production industry in the United States grown or declined over the past 5 years?
The market size of the Baking Mix & Prepared Food Production industry in the United States has been growing at a CAGR of 3.3 % between 2021 and 2026.
What is the forecast growth of the Baking Mix & Prepared Food Production industry in the United States over the next 5 years?
Over the next five years, the Baking Mix & Prepared Food Production industry in the United States is expected to grow.
What are the biggest companies in the Baking Mix & Prepared Food Production industry in the United States?
The biggest companies operating in the Baking Mix & Prepared Food Production industry in the United States are Archer-Daniels-Midland Co, Kraft Heinz Co and Cal-Maine Foods, Inc.
What does the Baking Mix & Prepared Food Production industry in the United States include?
Producing perishable prepared foods sold in bulk or packages (not frozen or canned) and Producing dessert mixes are part of the Baking Mix & Prepared Food Production industry in the United States.
Which companies have the highest market share in the Baking Mix & Prepared Food Production industry in the United States?
The company holding the most market share in the Baking Mix & Prepared Food Production industry in the United States is Archer-Daniels-Midland Co.
How competitive is the Baking Mix & Prepared Food Production industry in the United States?
The level of competition is high and steady in the Baking Mix & Prepared Food Production industry in the United States.
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