In 2023, the global cultured wheat flour industry is estimated to acquire US$ 58.6 million. Changing preferences toward wellness and health is expected to aid growth in the market. It is anticipated to cross a value of US$ 137.2 million by 2033. It is likely to garner a CAGR of 8.8% during the forecast period from 2023 to 2033.
The global food sector is evolving with changing customer needs. In the global food & beverage sector, demand for natural and organic products has registered a key growth rate over the last decade. It has further compelled manufacturers to incorporate natural and organic ingredients in their end products.
Shelf life is one of the leading concerns among baked goods manufacturers as these biological compounds are prone to auto-oxidation. These are also capable of generating free radicals, thereby leading to spoilage and rancidity.
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Cultured wheat flour is hence recognized as a potential substitute for synthetic preservatives. These are extensively used to extend the shelf life of various food products.
Increasing veganism is further benefiting the cultured wheat flour industry. Apart from this, it is the best substitute for current industrial petrochemical-based calcium propionate preservatives. It helps in protecting the environment against harmful chemicals. For vegans and those who choose not to eat dairy or eggs, cultured wheat flour plays a vital role in providing the daily allowance of this nutrient.
Key Takeaways from the Cultured Wheat Flour Market Report:
- During the historical period from 2018 to 2022, the global cultured wheat flour industry experienced considerable growth at a CAGR of 2%.
- China cultured wheat flour industry is expected to reach a size of US$ 12.2 million by 2033.
- The United States cultured wheat flour industry is anticipated to attain a CAGR of 2% in the assessment period.
- The United Kingdom cultured wheat flour industry is projected to expand at a decent CAGR of 5% in the next ten years.
- Based on nature, the organic segment is predicted to be valued at US$ 39.8 million in 2033.
“Food intolerances and allergies have also increased in frequency, and for a few people, wheat is a common allergen or sensitivity trigger. People who are sensitive to gluten or have a wheat allergy might choose to replace cultured wheat flour in their diets instead. It is projected to open door to new opportunities in the forecast period.” – says a lead analyst at Future Market Insights (FMI).
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Who is Winning?
Mezzoni Foods, J&K Ingredients, Inc., IFF Nutrition & Biosciences, Cain Food Industries, Glanbia Plc, Norman, Fox & Company, AB Mauri Food Inc., Prathista Industries Limited, Jiangsu Boli Bioproducts Co., Ltd., Limagrain – Ingrédients, Norman, Fox & Company, and Limagrain Ingredients are few leading players operating in the market.
Brands of cultured wheat flour would concentrate on utilizing eye-catching and educational packaging to draw in customers and convey the benefits of their products. Consumers might make informed selections about what products to buy if there is clear labeling highlighting the special features or advantages of cultured wheat flour.
Other businesses are working together with eateries, cafes, and food service providers to include their products on menus. They can spread awareness of the advantages of cultured wheat flour to a wider audience and spur strong demand among restaurants. They might soon deliver inventive dishes or baked products produced with the grain.
For instance,
- In 2020, CORE Industrial Partners LLC, a Chicago-based private equity firm, acquired J&K Ingredients Corp., a New Jersey-based processor of baked food goods. Most of the company’s product line is made up of organic, natural, and clean-label goods.
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Get More Valuable Insights into Cultured Wheat Flour Market
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global cultured wheat flour market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
Cultured wheat flour industry is segmented by nature (organic and conventional), end use (bakery, confectionery, cheese, dairy products, salad dressings, processed meat, dips, spreads and sauces, and pet food), and regions.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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