Enriched Flour Market Outlook of Top Companies, Regional Share, and Province Forecast 2027
Enriched Flour Market Outlook
The global enriched flour market is predicted to enjoy a
remarkable CAGR of 7.22% from 2022 to 2027(forecast period). It can touch a
valuation of USD 144.87 billion by 2027. Awareness of malnutrition as well as
deficiency of vital nutrients among consumers due to hectic lifestyles are
factors driving market growth. Rising consumption of ready-to-go and processed
foods are other drivers of the enriched flour market.
High disposable income levels of consumers and changing
dietary patterns are viable growth drivers of the market. Consumption of
ready-to-go products and rising trend of food fortification are other factors
influencing the enriched
flour market outlook. Technological advances in terms of production and
manufacturing processes have culminated in the availability of enriched flour
products differentiated by packaging, taste, and form. Concerns over
high-protein flour can also play an instrumental role in the market.
Enriched flour is flour with ingredients lost during milling
added back to it. The process adds folic acid, thiamine, riboflavin, niacin
acid, and iron back to the flour. A spike in cases of vitamin and mineral
deficiencies has created the need for enriched flour. The global enriched flour
market report encompasses vital drivers, opportunities, trends, and threats
compiled in a detailed and organized manner by analysts at Market Research
Future (MRFR).
Competitive Analysis
Major industry participants in the global enriched flour
market include Ingredion Incorporated, Limagrain, General Mills, Inc., Knappen
Milling Co, Archer Daniels Midland Company, SunOpta, Associated British Foods
PLC, The Caremoli Group, Cargill, Incorporated, The Scoular Company, Unicorn
Grain Specialties B.V., Bunge Limited, Parrish and Heimbecker, Limited, The
Hain Celestial Group, Inc., AGRANA Beteiligungs-AG, and others.
Segmentation Analysis
The global enriched flour market outlook is segmented by
source, application, and enrichment.
By source, it is segmented into legumes, cereals, and
others. Cereals held a close 70.8% share of the enriched flour market. But the
legumes segment can display a phenomenal growth rate of 7.55% during the
forecast period. Legumes include lentils, beans, soy, and others. Among these,
soy is expected to gain the most traction due to the large volume of nutrients.
By application, it is segmented into prepared meals, baby
food, bakery & confectionery, soups & snacks, beverages, and others.
The bakery and confectionery segment is expected to generate large dividends
for the global market. The rise of health consciousness among consumers is
likely to foster the growth of the segment. The soups and snacks segment is
predicted to exhibit a remarkable growth rate due to consumer preference for
convenience foods.
Enrichment is segmented into minerals, vitamins, and others.
Vitamins can occupy a significant market share due to the adoption of
vitamin-fortified foods and beverages. On the other hand, the minerals segment
can exhibit 7.43% CAGR during the forecast timespan.
Regional Analysis
North America, Asia Pacific (APAC), Latin America, Europe,
and the Middle East and Africa (MEA) are regions taken into consideration in
the compilation of the global enriched flour market report.
Throughout the forecast period, North America is expected to
be the dominant region in the enriched
flour market insights. It had accrued close to USD 22.26 billion in 2017.
It had close to 30.86% market share in the same year. Technological advances in
terms of the inclusion of raw ingredients in packaging are likely to play a
major role in the region. The U.S. is the primary growth contributor of the
region with maximum number of consumers aware of the nutritional content of
foods and preference of clean labeling of products.
The APAC region is expected to register 7.86% CAGR during
the forecast period due to consumption of ready-to-eat products in developing
countries.
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