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 five years to 2017. As more consumers returned to work and discretionary incomes increased, demand grew for baked goods and precooked, convenient food items, such as prepared vegetables and refrigerated liquid eggs. Over the five years to 2022, a growing domestic economy will help drive consumer demand for value-added products, such as prepared and spiced foods, which 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. A...purchase to read more.

Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
75,664
Businesses
1,450

Industry Threats & Opportunities

  • Intensifying foreign competition has hampered industry performance
  • US consumers have had less free time, increasing demand for quick, easy-to-eat food
  • Demand for ready-to-use prepared meals is projected to grow as leisure time decreases
  • Industry Report - Industry Locations Chapter

    Industry establishments tend to be strategically located near sources of key inputs and major transportation hubs while remaining within serviceable distance to downstream industries located in large cities. While industry establishments are widely spread across the country, industry products are often transported in bulk to distribution hubs across the country. Given the efficient gains of being located close to such hubs, this industry has slowly been consolidating geographically. This trend of rising geographic concentration is consistent with trends across the overall food production sector.The West represents the most important region for this industry, containing an estimated 25.3% of total establishments. Thi...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's in this report

    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 Baking Mix and Prepared Food Production 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
  • Egg products
  • Flavoring powders, tablets, paste and ingredients
  • 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
  • Egg products
  • Flavoring powders, tablets, paste and ingredients
  • Chart: Baking Mix & Prepared Food Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food manufacturers
  • Grocery retailers
  • Exports
  • Foodservice providers
  • Grocery wholesalers
  • 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
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Baking Mix & Prepared Food Production

  • Basis of Competition
  • Internal competition
  • External 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Baking Mix & Prepared Food Production provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
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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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