Baking Mix & Prepared Food Production in the US - Market Research Report (2014-2029)

Whipped Up: Consumers May Be More Likely to Demand Industry Products Due to Falling Leisure Time

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The industry produces a variety of goods, including perishable foods, prepared meals and sandwiches, sweetening syrups, dried and dehydrated ingredients, dessert mixes, flavoring powders and egg products. Over the past five years, operators have competed with increased health consciousness among consumers. In an attempt to stay relevant, producers have been forced to introduce a variety of healthier prepared foods to appeal to the growing health-conscious consumer base. These healthier alternatives are often more expensive to manufacture, but command premium retail prices. During most of the period, per capita disposable income has increased, supporting revenue growth. When disposable income increases, consumers are more likely to purchase discretionary goods, including dessert mixes and organic prepared foods. Revenue is projected to fall 0.6% in 2023 due to rising input prices and slow consumer spending growth. Revenue has increased at a CAGR of 0.3% to $36.5 billion over the five years to 2023.

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.