The global demand for Flour Substitutes Market is presumed to reach the market size of nearly USD 38.32 MN by 2028 from USD 25.82 MN in 2021 with a CAGR of 5.8% under the study period 2022 - 2028.
Flour substitutes are flours that can be used instead of wheat flour in baked and fried goods. Flour substitutes include different types of flour, such as almond flour, coconut flour, and quinoa flour. These substitutes have become ideal choices for people looking for gluten-free diets or suffering from celiac disease. These are made from whole grains and other healthy ingredients, a good source of daily fibre and other nutrients.
Market Dynamics
The increasing health concerns and rising demand for gluten-free products are anticipated to drive growth in this industry over the forecast period. Moreover, wide applications of flour substitutes in the food processing, and bakery industries would augur well for the market during the forecast period. Flour substitutes can also help lower the risk of heart disease and stroke, leading to a growing consumer preference for these, which drives the flour substitutes market. Besides this, the rise of people with allergies and the increasing incidence of celiac diseases worldwide are expected to trigger the sales of flour substitutes during the projected period. Additionally, flour substitutes can also be used to create textures and flavours that fuel the market demand.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of flour substitutes. The growth and trends of flour substitutes industry provide a holistic approach to this study.
Market Segmentation
This section of the flour substitutes market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Corn Flour
- Rice Flour
- Sweet Potato Flour
- Quinoa Flour
- Almond Flour
By Application
- Baked Goods
- Noodles
- Pastry
- Fried Food
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Flour Substitutes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Flour Substitutes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the flour substitutes market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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