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Pre Cooked Flour Market: Segmented by Type (Maize, Wheat, Rice, Legumes, and Beans); By Application (Soup, Bakery Products, Sauces and Dressings, Breakfast Cereals, Noodles, and Pasta and Other); and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages research Report] Pre-Cooked Flour Market to surpass USD 41.73 billion by 2030 from USD 27.95 billion in 2020 at a CAGR of 4.7% in the coming years, i.e., 2021-30.
As the name implies, pre-cooked flours are made from pre-cooked grains or by hydrothermal extrusion of grains, corn, or some other source. Due to the processing that pre-cooked flour undergoes, it has been found that it provides a better textural and sensory experience than its usual counterparts in a number of cases. Household dishes, bakery items, fast food products, meat products, and soups are all made with pre-cooked flour. Pre-cooked flour is also used in regional culinary preparations and households for cooking regional foods, such as tortillas, a popular Latin American dish.
Global Pre-Cooked Flour market is expected to project a notable CAGR of 4.7% in 2030.
The growth of online stores is also propelling the selling of high-end products. Increased consumer spending is driving industry growth and favorable government regulations aimed at encouraging the consumption of healthier goods, especially in Europe and North America. In addition, over the forecast period, there is an increase in functional flour trade, which will spur the industry's growth.
Wheat segment to grow with the highest CAGR during 2020-30
Global Pre-Cooked Flour market is segmented by type into Maize, Wheat, Rice, Legumes, and Beans. Over the forecast period, the wheat segment is projected to expand at the fastest pace. Wheat, unlike potato and corn, is low in fat and carbohydrates and high in dietary fibers. Wheat is becoming more popular as a healthy snack, and manufacturers have responded by creating items in a variety of flavors. Companies are now selling their goods by focusing on customers who want nutritious snacks, and by substituting healthier raw materials for traditional raw materials, they are offering healthier alternatives.
Other segments to grow with the highest CAGR during 2020-30
Global Pre-Cooked Flour market is divided by application into Soup, Bakery Products, Sauces and Dressings, Breakfast Cereals, Noodles, and Pasta and Other. Over the forecast period, the other segment is projected to expand at the fastest pace. Because of their ease of use and availability, ready-to-eat food articles are expected to rise the fastest in the industry.
High Rate of Urbanization and Surging Demand from End Users
Globally, the pace of urbanization is increasing, and with it, the modern food culture is changing. Quick food and bakery products have been introduced to a broader customer base as a result of urbanization, and demand for these products is growing every day amid growing perception of the negative effects of fast food. Since almost all of the major fast-food chains use bread made from pre-cooked flour, it plays an important role in this production. As the population of the city grew, so did the use of pre-cooked flour in households. Due to a high rate of urbanization and increased per capita income, this rise in demand is much higher in developing countries. Corn flour, a pre-cooked flour, is in high demand in Latin America due to the widespread consumption of arepas and tortillas.
Wide Usage in Instant Food Industry and Cost-Effectiveness
The textural properties of pre-cooked flours are used in instant food products. Pre-cooked flours, such as corn and rice, are widely used in the instant food industry because they do not alter the taste of the products and are the most cost-effective and natural thickening agents available. Soups, noodles, instant gravies, spice mixes, and other foods that use pre-cooked flour are among the most popular. Over the last few years, a busy and occupied urban lifestyle has resulted in an increase in demand for instant food items, which is only growing with time. This increase in demand for instant foods directly leads to an increase in demand for pre-cooked flours on the market. In addition to providing nutrition and texture, pre-cooked flour is used in infant food formulations.
Lack of Consumer Awareness and Transparency Requirement
Lack of consumer trust and confidence and requirement of high level of transparency from manufacturers is expected to hamper the market for pre-cooked flour.
Goya Foods
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Pre-Cooked Flour market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Pre-Cooked Flour in Asia Pacific held the largest market share in the year 2020. Healthy soup and pasta products with precooked corn flour as the main ingredient are sought by health-conscious consumers in the industry. People prefer ready-to-eat nutrient-rich meals available in small portions to conventional big meals due to their busy lifestyles. Since they rarely have time to prepare, ready-to-eat food products are common among younger working-class consumers.
Global Pre Cooked Flour Market is further segmented by region into:
Pre Cooked Flour Market Segments:
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