Enriched Flour Market Business Boosting Strategies, and COVID-19 Demographic, Geographic Segment by 2023



Global Enriched Flour Market, which is estimated to grow at a CAGR of 7.22% during the forecast period, 2017-2023.

Market Introduction:

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.

Food fortification is gaining momentum at a global level which is majorly contributing to the growth of enriched flour market. Moreover, increasing consumption of ready-to-eat food products is boosting the market for enriched flour. Additionally, manufacturers of enriched flour have adopted suitable technologies to achieve desired taste and texture according to consumer’s preferences. The advancements in technology have resulted in the introduction of a wide variety of enriched flour products to the consumers with different delivery formats, taste, and sources and thereby driving the enriched flour market.

Based on the source, legumes segment is expected to witness the highest growth rate of 7.55% on a global level. On the basis of the application, bakery & confectionery segment is expected to grow rapidly during the forecast period. Moreover, on the basis of the enrichment, the vitamins segment is dominating the market over past years with a leading market share of 57.1% of the global market.

Major Key Players:         

The key players in the global enriched flour market include AGRANA Beteiligungs-AG (Austria), Archer Daniels Midland Company (USA), Associated British Foods PLC (UK), Bunge Limited (USA), Cargill Incorporated (USA), The Caremoli Group (Italy), General Mills Inc. (USA), The Hain Celestial Group, Inc. (USA), Ingredion Incorporated (USA), Knappen Milling Co (USA), Limagrain (France), Parrish and Heimbecker Limited (Canada), The Scoular Company (USA), SunOpta (Canada), and Unicorn Grain Specialties B.V.  (The Netherlands).

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%.

Latest Industry News:

  • Kind Healthy Snacks has introduced Kind Minis. This new chocolate bar is a 100-calorie-or-less snack that according to the company, fills a need “for people seeking on-the-go snacks that not only taste good but also offer balanced nutrition.” Kind Mini is made from enriched flour. 12 NOV 2018
  • French Government is providing G-Nutrition bread to malnourished people. G-Nutrition is a bread fortified with calcium, selenium, protein, and vitamins. Government is also making the bread available to chemists this autumn. It is currently available to buy online priced at €16 (the US $ 18.14) for 12 loaves and €36 (the US $ 40.81) for a pack of 30 loaves. 6 AUG 2018

Read More about Enriched Flour Market: https://www.marketresearchfuture.com/reports/enriched-flour-market-5524

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

European Protein Ingredients Market Size, Share, Regional Trends, Demand and Forecast 2033|MRFR

  Protein Ingredients Market Overview: AS per the MRFR reports, the global protein ingredients market is anticipated to record a healthy CAGR of over 8.71% during the review timeframe to acquire a size of approximately USD 90.173 Million by 2032. The European Protein Ingredients Market is a vital sector of the continent's food and beverage industry, characterized by increasing consumer demand for protein-rich products, changing dietary habits, and the growing emphasis on health and wellness. Protein ingredients, which encompass a variety of sources such as dairy, plant, and animal proteins, serve as essential components in a wide range of food and beverage applications, including sports nutrition, functional foods, and meal replacements. Key drivers of market growth in Europe include rising consumer awareness of the health benefits associated with protein consumption, the growing popularity of vegetarian and flexitarian diets, and the increasing demand for clean label and sustai...
Read more

Mexico Whiskey Market Detailed Summary, Present Industry Size and Future Growth Prospects to 2032

Whiskey Market Scope: The global whiskey market can reach a valuation of USD 83.32 billion by 2032. It is predicted to expand at a CAGR of 3.80% over the forecast period. Health benefits associated with consumption of the beverage in losing weight and prevention of diabetes can drive the market demand. It is useful in the treatment of sore throat and common cold. The demand is fueled by health-conscious consumers. Mexico Whiskey Market is an emerging and dynamic industry, fueled by changing consumer preferences, urbanization, and a growing taste for international spirits. While tequila and mezcal remain the country's most iconic spirits, whiskey is gaining popularity among Mexican consumers, particularly in urban centers and tourist destinations. Moreover, Mexico's whiskey industry is characterized by its diverse range of products, from imported Scotch and American bourbon to locally produced whiskies and blends. The market is witnessing increasing demand for premium and age...
Read more

Europe Savory Yogurt Foods Market Segmentation Detailed Study with Forecast To 2030

Savory Yogurt Foods Market Overview: The MRFR report projects that the global market for savory yogurt foods will grow substantially over the assessment era from 2022 to 2030. Europe Savory Yogurt Foods Market stands as a pivotal within the global dairy industry. Savory yogurt, characterized by its savory flavors and savory ingredients such as herbs, spices, and vegetables, holds significant appeal among European consumers seeking innovative and health-conscious food options. In Europe, savory yogurt foods find applications in diverse culinary traditions, ranging from Mediterranean-inspired dips to Indian-inspired raitas. With consumers increasingly prioritizing taste, convenience, and nutrition in their food choices, savory yogurt emerges as a favored choice, driving its market growth in Europe's competitive dairy market. Savory Yogurt Foods Market is expected to grow at Significant 3.89% CAGR from 2022 to 2030 as per MRFR Analysis Nutritious, savory yogurt foods are glute...
Read more