Heating up: A growing domestic economy will help drive demand for industry products

The Baking Mix and Prepared Food Production industry is growing but displaying signs of slight stagnation as the industry matures. The industry has benefited from rising disposable income over the past five years. As more consumers returned to work and experienced rising disposable incomes, demand for baked goods and precooked convenient food items, such as prepared vegetables and refrigerated liquid eggs, increased. In the coming years, a prospering domestic economy will help drive consumer demand for value-added products, such as prepared and spiced food that save time and energy at meal time. Increasing incomes and changing consumption trends in East Asia are also anticipated to expand the size of the industry's export markets...read more.

Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 12-17
3.2%
Forecast Growth 17-22
Profit
Employment
69,330
Businesses
1,592
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Industry Threats & Opportunities

  • A growing domestic economy will help drive consumer demand for value-added products
  • Demand for microwaveable food, single-serve products and other convenient products expanded
  • Growing health awareness is expected to place downward pressure on demand for certain products
  • Industry Report - Industry Analysis Chapter

    The Baking Mix and Prepared Food Production industry produces a range of products, including perishable prepared food, egg products, flavoring powders, dried and dehydrated items, dessert mixes, sweetening syrups and macaroni packaged with sauce. In recent years, the industry has suffered from consumers increasingly turning to fresh food at grocery stores and supermarkets. Additionally, competition from foreign manufacturers intensified over the period, as imports’ share of domestic demand grew robustly. Despite lower demand for certain products, such as flavoring powders and dessert mixes, other product segments performed well, benefiting from new consumer trends. For...purchase to read more.

    Additional Insights for the Baking Mix & Prepared Food Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Baking Mix & Prepared Food Production Industry are

  • Ability to pass on cost increases
  • Product differentiation
  • Supply contracts for key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from food manufacturing and Per capita disposable income in the Baking Mix & Prepared Food Production industry impact industry performance..

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    What is the Baking Mix & Prepared Food Production Industry?

    Operators in this industry produce perishable prepared foods, such as sandwiches, meals and peeled or cut vegetables. Companies in the industry use dried and dehydrated ingredients to produce dessert mixes, flavoring powders and processed eggs.

    Industry Products
  • Perishable prepared foods sold in bulk or packages
  • Liquid, dried and frozen eggs
  • Flavoring powders, tablets and pastes, including dry mix cocktails
  • Other food preparations
  • Industry Activities
  • Producing perishable prepared foods sold in bulk or packages (not frozen or canned)
  • Producing dessert mixes
  • Producing sweetening syrup and molasses
  • Producing baking powder and yeast
  • Producing macaroni and pasta products (packaged with other ingredients, not frozen or canned)
  • Producing dried and dehydrated products (except pasta, packaged with other ingredients)
  • Producing liquid, dried and frozen eggs
  • Producing flavoring powders, tablets and paste, including dry-mix cocktail
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from food manufacturing
  • Per capita disposable income
  • Healthy eating index
  • Trade-weighted index

  • Current Performance
  • Contaminated imports
  • Product innovation
  • Improving profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • Rising costs
  • Table: Baking Mix & Prepared Food Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Baking Mix & Prepared Food Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cereal Production
  • Chocolate Production
  • Bread Production
  • Snack Food Production
  • Grocery Wholesaling
  • Supermarkets & Grocery Stores
  • Chain Restaurants

  • Key Selling Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Electric Power Transmission
  • Glass Product Manufacturing
  • Laminated Plastics Manufacturing

  • Products & Services
  • Perishable prepared foods sold in bulk or packages
  • Other food preparations
  • Liquid, dried and frozen eggs
  • Flavoring powders, tablets and pastes, including dry mix cocktails
  • Chart: Baking Mix & Prepared Food Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food manufacturers
  • Grocery retailers
  • Exports
  • Grocery wholesalers
  • Foodservice providers
  • Chart: Major Market Segmentation for the Baking Mix & Prepared Food Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Baking Mix & Prepared Food Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Baking Mix & Prepared Food Production Industry

  • Industry Globalization
    Kraft Heinz Co.Archer Daniels Midland Company
  • Table: Kraft Heinz Co. - financial performance
  • Table: Archer Daniels Midland Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Baking Mix & Prepared Food Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Baking Mix & Prepared Food Production Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Agricultural Price Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Food Service Provider
  • Any restaurant, hotel or other business where food is prepared for customers for immediate consumption.
  • Premium Brand
  • Brand that is more expensive than generic brands because they are of higher quality.
  • Shelf Life
  • The amount of time that food, drinks and other perishable items are given before they are considered unsuitable for consumption.
  • Why buy this report?

    IBISWorld’s industry research report on Baking Mix & Prepared Food Production contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Baking Mix & Prepared Food Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Baking Mix & Prepared Food Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Baking Mix & Prepared Food Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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