$40.6bn
$X.Xbn
98,390
1,622
$X.Xbn
Baking mix and prepared food manufacturers produce various goods, including perishable foods, prepared meals and sandwiches, sweetening syrups, dried and dehydrated ingredients, dessert mixes, flavoring powders and egg products. Companies have competed with increased consumer health consciousness. 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. Industry-wide revenue has been growing at an average annualized 1.9% over the past five years and is expected to total $39.4 billion in 2023, when revenue will dip by an estimated 0.3%.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $40.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Archer-Daniels-Midland Co | 2,299.4 | 83.9 | 3.7 | |
Kraft Heinz Co | 872.3 | 166.5 | 19.1 | |
Cal-Maine Foods, Inc. | 64.6 | 6.7 | 10.3 |
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Baking Mix & Prepared Food Production in the US
Industry revenue is measured across several distinct product and services lines, including Perishable prepared foods, Egg products and Flavoring powders, tablets and paste . Perishable prepared foods is the largest segment of the Baking Mix & Prepared Food Production in the US.
Egg products buoyed by health trends, held back by new regulations
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.
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NAICS 31199 - Baking Mix & Prepared Food Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Producers are adapting to consumers' shifting preferences. Consumers in Latin America, India and Asia increasingly demand healthier alternatives and diverse food options.
Learn about an industry's products and services, markets and trends in international trade.
Consumers are favoring healthy alternatives. Baking mix and prepared food providers must adjust their product lines to meet these growing health trends.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Producers strategically position themselves near key markets. The West and Mid-Atlantic regions are close to major consumer bases, while Great Lakes producers benefit from pr...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The rising consumer preference for healthier alternatives drives innovation in the food industry. However, the quality of these products ultimately dictates what consumers ar...
Learn about the performance of the top companies in the industry.
Successful businesses are constantly adding new options through consolidation or product innovation. For example, Archer-Daniels-Midland has been highly active in the market,...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry faces stringent FDA regulations on product labeling and content claims. Recalls and FDA warnings can harm a producer’s sales and reputation.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
More prominent businesses have maintained profits by leveraging brand loyalty to raise prices and offset rising input costs. In contrast, smaller companies risk reducing dema...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Baking Mix & Prepared Food Production in the US industry in United States is $40.6bn in 2024.
There are 1,622 businesses in the Baking Mix & Prepared Food Production in the US industry in United States, which has grown at a CAGR of 2.9 % between 2019 and 2024.
The market size of the Baking Mix & Prepared Food Production in the US industry in United States has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Baking Mix & Prepared Food Production in the US industry in United States is expected to grow.
The biggest companies operating in the Baking Mix & Prepared Food Production market in United States are Archer-Daniels-Midland Co, Kraft Heinz Co and Cal-Maine Foods, Inc.
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 in the US industry.
The company holding the most market share in United States is Archer-Daniels-Midland Co.
The level of competition is high and steady in the Baking Mix & Prepared Food Production in the US industry in United States.