The sales of Modified Flour Market is estimated to be valued at US$ 92,364.0 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 191,326.1 Mn by 2032, rising at a CAGR of 7.6% for 2022-32.
According to the Market Research analysis, ITC Limited, Cargill Incorporated, The Scoular Company, General Mills,Inc., The Caremoli Group, Associated British Foods plc, Archer Daniels Midland Company, The Hain Celestial Group, Inc, ConAgra Foods, Inc., SunOpta Limited, Ingredion Inc., Parrish and Heimbecker Ltd, Unicorn Grain Specialties, Buhler, Unicorn Grain Specialties are identified as key Modified Flour brands.
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The global market for modified flour has been growing as a result of the expanding product portfolios of various supermarkets and confectioneries. The usage of flour in the production of bakery goods has also aided the expansion of the global market for modified flours.
Modified flour also has helpful qualities including water suspension and high viscosity, which is a major driver of demand in the global modified flour market. Textured flours have also grown in popularity around the world, and this aspect will continue to drive expansion in the global market for modified flour in the coming years.
Increasing demand for binders and binding agents in production of specialty food products and industrial goods has driven the modification of flours and starches. In the recent past, leading flour producers in the world have shifted to modification techniques, introducing new product lines on modified flours. Specific nutritional requirements have further extended the need for modifying flours, and new techniques are being developed to make flour modification more efficient and economical.
New regulations will distort the global modified flour manufacturing landscape, and products will be subjected to multiple approvals before being used for applications.
Future Market Insights observes that the global modified flour market will expand at a moderate pace during the forecast period, 2022-2032. Apropos the insights developed in the report, the global market for modified flour is assessed to expand at an estimated CAGR of 3.6% in terms of volume over the forecast period. The report further reveals that by the end of 2032, more than 1,130,000 tons of modified flours will be sold globally.
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Global Modified Flour Production to Remain Concentered in the APEJ Region
The report reveals that by the end of 2032, more than 373,000 tons of modified flour will be produced in the Asia-Pacific excluding Japan (APEJ) region. Throughout the forecast period, the APEJ region will register highest production and sales of modified flours. Favorable industrial regulations, higher access to raw materials, and robust growth in the agricultural sector will drive the presence of APEJ countries such as China and India in the global production of modified flour. The report further reveals that Europe will represent the most lucrative consumer marketplace for modified flours. By the end of 2032, Europe will account for more than 25% share on the global modified flour market volumes.
Key Findings from the Report
• The report has delivering valuable insights on how the global modified flour market will expand through 2032.
• In 2022, more than half of modified flours sold in the global market have been made of wheat. Wheat flours will continue to remain top-selling products in the global modified flour market. Meanwhile, soy flour products are expected to register high demand, reflecting a volume CAGR of 4.4% over the forecast period.
• Bakery and confectionery will be the largest application of modified flour throughout the forecast period.
• By the end of 2032, direct sales are expected to account for more than 624,000 tons of modified flours. The report also observes a growing demand for modified flours among online stores.
• The report also estimates that activated carbons will be the key ingredients used in the modification of flours during the forecast period.
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