Flour is a powder made by grinding uncooked cereal grains,
seeds or roots. It mainly comes from wheat, however, it can be milled from
rice, corn, nuts, legumes, and some fruits & vegetables. Depending on the
base and extraction rate (the amount of flour removed from the grain) variations
within the nutrient content of flour may occur. Enriched flour offers essential
vitamin and minerals which is lost in the process of preparation. The purpose
of enriching the flour is to reload the nutrients in the flour to match the
nutritional status of the unprocessed product. Enriched flour is gaining
massive acceptance among the consumers owing to the increasing awareness of
malnutrition among the consumers.
Market Forecast:
The global market for enriched flour has been experiencing
high demand for the last few years and is projected to reach USD 109.62 billion
by 2023 compared to USD 72.14 billion in 2017. The growing demand for enriched
flour in various industries is expected to drive the market. The overall
increasing disposable income of the consumer and their evolving buying pattern
over the past few years has led to a surge in the sales of enriched flour
during the forecast period.
By Downstream Analysis:
On the basis of the source of enriched flour, the cereals
segment is dominating the market holding a global market share of 70.8%.
However, the legumes segment is expected to be the fastest growing segment over
the forecast period.
On the basis of the application of enriched flour, the bakery
& confectionery segment is dominating the market with a major market share
of 35% in the year 2017. However, the soup and snacks segment is also witnessed
to have substantial growth over the forecast period.
Based on the enrichment, the vitamins segment is dominating
the market with a leading share of 57.1% in the year 2017. However, the minerals
segment is projected to witness higher growth rate over the forecast period at
a CAGR of 7.43%.
Competitive Analysis:
The major key players in enriched flour are:
- Cargill,
Incorporated (U.S.)
- Archer
Daniels Midland Company (U.S.)
- Associated
British Foods PLC (U.K)
- Ingredion
Incorporated (U.S.)
- The
Hain Celestial Group, Inc. (U.S.)
- General
Mills, Inc. (U.S.)
- Bunge
Limited (U.S.)
- The
Scoular Company (U.S.)
- Parrish
and Heimbecker, Limited (Canada)
- Knappen
Milling Co (U.S.)
- The
Caremoli Group (Italy)
- SunOpta
(Canada)
- Limagrain
(France)
- AGRANA
Beteiligungs-AG (Austria)
- Unicorn
Grain Specialties B.V. (The Netherlands)
Regional Analysis:
Among the regions, North America is dominating the enriched
flour market with over 30.85% of the global market share and is projected to
reach more than USD 33.30 billion by 2023. In North American region, the U.S.
is dominating the market and is expected to grow at the highest rate over the
forecast period. Moreover, Asia Pacific is projected to witness the highest growth
rate during the forecast period, 2017-2023 in which India is expected to grow
at the highest growth rate. In the Asia Pacific region, China is dominating the
market with leading market share of 25.78% in the year 2017.
Complete Report Details @ https://www.marketresearchfuture.com/reports/enriched-flour-market-5524
About Market Research Future
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
In order to stay updated with technology and work process of
the industry, MRFR often plans & conducts meet with the industry experts
and industrial visits for its research analyst members.
Comments
Post a Comment