The global modified flour market is set to witness growth at a CAGR of 7.6% and top a valuation of USD 1,91,326.1 Mn by 2032.
According to the estimate, the global demand for soy flour items will gain the most popularity in the global modified flour market. Soy flour is predicted to grow at the fastest rate of 5.2 percent throughout the forecast period.
Geographically, the modified flour business in Europe and America has indeed grown at a rapid speed. The rise of these worldwide markets for modified flours might be attributed to the consistency of the bread industry in such places. Because conventional flour mixes are being replaced by modified flours in places like China, the APAC region for modified flour is rapidly expanding.
Because of the rising product portfolios of various supermarkets and confectionery products, the global market for modified flour has been developing. The use of flour in the manufacturing of bakery items has also enabled the worldwide market for modified flours to grow.
Water suspension and high mixability are additional beneficial properties of modified flour, that is a key driver for the market in the worldwide modified flour market. Textured flours have become increasingly popular throughout the world, so this factor will continue to fuel growth in the worldwide market for modified flour in the years ahead.
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The increased use of wheat flour has resulted in an equal growth in demand of wheat flour modification in various parts of the world. In 2020, wheat flour was perhaps the most best seller in the global modified flour market, accounting for more than half of total volume, so by the end of year 2032, over 830,000 tonnes of wheat flour will have been converted globally.
By 2032, activated carbon elements would most likely be the key ingredients in the bulk of flour blends. Over the forecasted timeframe, activated carbon-treated flours are expected to increase at a CAGR of 7.2%. The marketplace for modified flours including cellulose fibre and cellulose methyl elements is also growing. By the end of 2032, around 230,000 tonnes of modified flours containing cellulose fibre would have been marketed worldwide.
Exports of directly changed flour are projected to account for half of all modified flour earnings in the worldwide market. Over 780,000 tonnes of modified flours would be distributed globally through direct sales channels.
Key Takeaways from Market Study
- The modified flour market is expected to expand at CAGRs of 5.3% and 6.9% in America and the Middle East & Africa, respectively, through 2032.
- Europe currently holds around 24% market share of the total marketplace.
- Modified Flour is selling well in worldwide marketplaces, owing to the rising consumer demand for healthy and nutritious foods.
- During the projection period, digital sales of modified flours would expand at a CAGR of 20%.
- Due to the massive COVID-19 outbreak, the distribution system for modified flour was affected, causing a market stall. Nevertheless, with nations giving possibilities and growing consumer desire for nutritious food items, the industry is likely to rise significantly.
“Modified flour manufacturers will indeed make a lot of money if they targeted the food and beverage industries. Because of the increasing demand for gluten free throughout the world, the nutritional sector might be a viable market for modified flour market.,” says a Future Market Insights analyst.
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Competitive Landscape
To improve the quality of their goods, leading makers of modified flour are concentrating on technology development
- Nordian Capital came into an acquisition with Limagrain Cereals to sell Unicorn Grain Specialties to Limagrain Cereals Ingredients. According to Limagrain, the combination of skills, will serve clients in the bread, snacking, breakfast cereal, ready meals, and animal nutrition industries with greater knowledge and novel ingredients.
- KaTech, a privately held firm in Germany that delivers superior texture and stability services to the food and beverage industry, has been purchased by Ingredion Incorporated, a prominent global supplier of ingredient solutions to the food and beverage industry.
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Segments Covered in Modified Flour Market Analysis
By Region :
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
By Product Type:
- Wheat Flour
- Maize Flour
- Rice Flour
- Soya Flour
- Others
By Application:
- Bakery & Confectionery
- Extruded Snacks
- Soups
- Packaged Food
- Other Application
By Ingredients:
- Activated Carbon
- Microcrystalline Cellulose (MCC)
- Methylcellulose
- Carboxy-methyl cellulose (CMC)
- Ethyl cellulose
- Phosphorus Chemicals
- Succinic Acid
By Sales Channel:
- Direct Sales
- Modern Trade
- Departmental Stores
- Convenience Stores
- Online Stores
- Other Sales Channel
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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