According to FMI, the global flour substitutes market is projected to expand from USD 26,322.3 Million in 2022 to USD 42,066.5 Million by 2032, with sales growing at a CAGR of 4.8% over the forecast period.
The growing demand for gluten-free products and the rising prevalence of allergies and celiac disease are major factors driving the expansion of the global flour substitutes market.
Flour substitutes offer various health benefits, including lowering cholesterol levels and improving blood sugar control. Research indicates that they can also reduce the risk of heart disease and stroke. These advantages have contributed to a growing consumer preference for flour substitutes, thereby driving the expansion of the market.
Another key driver of the rising sales of flour substitutes is their health benefits. Many of these substitutes are crafted from whole grains and other nutritious ingredients, making them an excellent source of fiber and essential nutrients. Additionally, their lower calorie content compared to traditional flour makes them a suitable choice for those managing their weight.
Moreover, the expanding use of flour substitutes in food processing and bakery industries is expected to further boost the market throughout the forecast period.
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.
Competitive landscape:
Companies are incorporating flour substitutes into their products due to their cost-effectiveness and availability compared to wheat flour. Additionally, flour substitutes offer the ability to create diverse textures and flavors. With ongoing research, development, and technological advancements, companies are discovering innovative methods to optimize the use of flour substitutes to their fullest potential.
Key Companies Profiled
- ADM
- Bunge
- Cargill
- Louis Dreyfus
- Live Glean
- COFCO Group
- Wilmar International
- Jinshahe Group
- GoodMills Group
- Milne MicroDried
- Carolina Innovative Food Ingredients Inc.
- Liuxu Food
- NorQuin
- Andean Valley Corporation
- Beichun
Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com
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
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
