The growing consumer interest in diverse culinary experiences
and the rising demand for convenience foods are projected to drive
the global toasted flour market's growth during the forecast
period. The Europe region is
predicted to witness prominent growth by 2032.
WILMINGTON, Del., April 23,
2024 /PRNewswire/ -- Allied Market Research has
recently published a report, titled, "Toasted Flour
Market Size, Share, Competitive Landscape and Trend
Analysis Report by Type, by Application, by Distribution Channel :
Global Opportunity Analysis and Industry Forecast,
2023-2032." According to the report, the global toasted
flour market generated $60.4 billion
in 2022, and is anticipated to generate $125.4 billion by 2032, rising at a CAGR of 7.8%
from 2023 to 2032.
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Brochure: https://www.alliedmarketresearch.com/request-sample/A299425
Prime Determinants of Growth
The growing demand for convenience foods, rising interests of
consumer in culinary experiences, and the longer shelf life of
toasted flour compared to untoasted flour are the factors expected
to drive the growth of the global toasted flour market in the
forecast period from 2023 to 2032. However, the altered functional
qualities of toasted flour, such as texture, flavor, and color may
hamper market growth in the coming future. On the contrary, the
increasing utilization of toasted flour in diverse recipes &
novel food products is expected to offer remunerative opportunities
for the expansion of the toasted flour market during the forecast
period.
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size in
2022
|
$60.4
billion
|
Market Size in
2032
|
$125.4
billion
|
CAGR
|
7.8 %
|
No. of Pages in
Report
|
310
|
Segments
covered
|
Type, Application,
Distribution Channel, and Region
|
Drivers
|
•
Advantages of toasted flour in culinary
applications
•
Increasing demand for convenience
foods
|
Opportunities
|
•
Increasing usage in diverse recipes and
products
•
A gluten-free option for
consumers
|
Restraints
|
Different functional
qualities than its untoasted counterpart
|
Type: Wheat Flour Sub-segment to Flourish Immensely by
2032
The wheat sub-segment accounted for the largest global toasted
flour market share of 40.5% in 2022 and is expected to rise at the
highest CAGR of 8.6% during the forecast period. This dominance is
mainly due to the rising popularity of wheat flour as a nutritious
and versatile ingredient in culinary applications across the globe.
In addition, the growing preferences of consumers towards natural
& wholesome food choices is boosting the demand for wheat
flour-based products.
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Application: Bread & Bakery Products
Sub-segment to be the Most Dominant During the Forecast Period
The bread & bakery products sub-segment held the largest
market share of 34.2% in 2022 and is expected to rise at the
highest CAGR of 8.6% during the forecast period. This dominance
majorly is driven by the growing consumer preferences towards
artisanal and premium food experiences, which is boosting the
demand for bread and bakery products. Besides, the manufacturers
& suppliers are expanding their product offerings to capitalize
on the growing market trend, which is projected to boost the
sub-segment's growth in the coming years.
Distribution Channel: Convenience Stores
Sub-segment to Witness Prominent Growth During the Forecast
Period
The convenience stores sub-segment accounted for the largest
global market share of 53.4% in 2022 and is expected to hold major
market share by 2032. This dominance majorly is driven by the
convenience and accessibility offered by these stores to consumers
looking for toasted flour products on-the-go. In addition, as the
lifestyles of the consumer continue to prioritize convenient &
time-saving solutions, this sub-segment is poised to flourish
during the forecast period.
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Region: Europe Market to Hold Major Share by
2032
The toasted flour market in the Europe region accounted for the largest
share of 44.2% in 2022 and is predicted to continue to
maintain its dominance during the forecast period. This growth is
mainly owing to the region's rising consumer demand for natural
ingredients, high-quality, and premium baked products. Besides, the
growing focus of consumers on health & wellness and the
innovation of toasted flour product lines by manufacturers in
Europe are other factors expected
to boost the growth of the region in the coming future.
Leading Players in the Toasted Flour Market:
- Archer-Daniels-Midland Company
- Cargill Inc.
- King Arthur Flour Company Inc.
- Conagra Brands, Inc.
- Ardent Mills Corporate
- Bunge Milling Inc.
- Nutrigerm
- Montana
- Bob's Red Mill Natural Foods, Inc.
- ITC Limited
The report provides a detailed analysis of the key players of
the global toasted flour market. These players are employing
various strategies including launching new products, entering
collaborations, expanding operations, forming joint ventures, and
signing agreements, all aimed at boosting their market share and
securing their competitive position across different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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