As per FMI, the global flour substitutes market size is expected to grow from 26,322.3 Million in 2022 to US$ 42,066.5 Million by 2032, with overall sales accelerating at 4.8% CAGR throughout the forecast period.
The rising frequency of allergies and celiac disease, as well as increased demand for gluten-free products, are major drivers driving growth in the global flour substitutes market.
Another element driving higher flour substitute sales is the health benefits they provide. Many of these replacements are created with whole grains and other healthful ingredients, making them an excellent source of fibre and other minerals. They’re also a wonderful option for folks watching their weight because they’re frequently fewer in calories than ordinary flour.
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Another element driving higher flour substitute sales is the health benefits they provide. Many of these replacements are created with whole grains and other healthful ingredients, making them an excellent source of fibre and other minerals. They’re also a wonderful option for folks watching their weight because they’re frequently fewer in calories than ordinary flour.
Similarly, widening applications of flour substitutes across food processing and bakery industries will bode well for the market during the forecast period.
Flour substitute market manufacturers are developing novel ways to incorporate these products into various processed foods. They are investing in research and development to introduce novel flour substitutes that are rich in healthy nutrients.
Key Takeaways:
- Based on product, the chickpea flour segment is expected to grow at the highest CAGR of 5.4% during the forecast period.
- North America holds around 30.5% share of the global flour substitutes market and it is likely to retain its dominance during the projected period.
- The flour substitutes market in India is likely to grow at around 4.5% CAGR between 2022 and 2032.
- The U.K. flour substitutes market is expected to grow at a steady CAGR of 3.6% throughout the forecast period.
- The U.S. flour substitutes market is expected to reach a total valuation of US$ 346 Bn in 2022.
“With rising health awareness and surge in cases of lactose intolerance, consumers are shifting towards flour substitutes as they are low in carbs and calories yet richer in protein and fiber. This will boost the overall flour substitutes market over the next ten years,” says a lead analyst at Future Market Insights.
Competitive landscape:
Top 5 manufacturers of flour substitutes are Bob’s Red Mill, King Arthur Flour, Hodgson Mill, Pillsbury, Arrowhead Mills, holding 20% to 30% of the flour substitutes market share.
Companies are using flour substitutes in their products. This is because flour substitutes are cheaper and easier to obtain than wheat flour. Additionally, flour substitutes can be used to create a variety of textures and flavors. With increasing research and development and technological advancements, companies are finding new techniques to effectively use flour substitutes to their maximum potential.
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Future Market Insights, in its new offering, provides an unbiased analysis of Flour Substitutes presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study provides valuable insight on the Flour Substitutes market based on By Product (Corn Flour, Rice Flour, Sweet Potato Flour, Spelt flour, Buckwheat flour, Quinoa Flour, Oat flour , Coconut flour , Chickpea flour, Brown rice flour, Rye flour, Amaranth flour, Teff flour, Millet flour, Almond Flour),By Application(Baked Goods, Noodles, Pastry, Fried Food), By Type(Gluten-containing flours, Gluten-free flours)
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Flour Substitutes Market by Category
By Product:
- Corn Flour
- Rice Flour
- Sweet Potato Flour
- Spelt flour
- Buckwheat flour
- Quinoa Flour
- Oat flour
- Coconut flour
- Chickpea flour
- Brown rice flour
- Rye flour
- Amaranth flour
- Teff flour
- Millet flour
- Almond Flour
By Type:
- Gluten-containing flours
- Gluten-free flours
By Application:
- Baked Goods
- Noodles
- Pastry
- Fried Food
- Pasta
- Bread
- Crackers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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