The increasing demand for binders and binders in the production of specialty food products and industrial goods has led to the modification of flours and starches. In the recent past, major flour producers around the world have moved on to modification techniques, introducing new product lines on modified flours. Specific nutritional requirements have further increased the need for flour modification, and new techniques are being developed to make flour modification more efficient and economical.
As the demand for modified flours will gain flexibility in the near future, their production will become comparatively less complicated as compared to the current scenario. However, the high prices of modified flours will be observed as a key deterrent for the growth of the global modified flour market. In addition, the supply chain for modified flours is expected to become more entangled with changing policies for the distribution and consumption of modified flours.
New regulations will distort the global landscape of modified flour manufacturing and products will be subject to multiple approvals before being used for applications.
Future Market Insights observes that the global modified flour market will grow at a moderate rate during the forecast period 2022-2032. According to the information developed in the report, the global modified flour market is expected to grow at an estimated CAGR of 7.6% in terms of volume during the forecast period. The report further reveals that by the end of 2032, more than 1,130,000 tonnes of modified flours will be sold globally.
World production of modified flour will remain concentrated in the APEJ region
The report reveals that by the end of 2032, more than 373,000 tonnes of modified flour will be produced in the Asia-Pacific ex-Japan (APEJ) region. Throughout the forecast period, the APEJ region will register the highest production and sales of modified flours. Favorable industrial regulations, better access to raw materials and robust growth in the agricultural sector will favor the presence of APEJ countries such as China and India in the world production of modified flour. The report further reveals that Europe will represent the most lucrative consumer market for modified flours. By the end of 2032, Europe will account for over 25% of global modified flour market volumes.
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Main findings of the report
The report provides valuable insights regarding how the global Modified Flour market will develop till 2032.
- In 2022, more than half of the modified flours sold on the world market will be made from wheat. Wheat flours will remain the top-selling products in the global modified flour market. Meanwhile, soybean meal products are expected to see strong 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.
- At the end of 2032, direct sales should represent more than 624,000 tonnes 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 major ingredients used in flour modification during the forecast period.
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Global Modified Flour Market: Key Players
Companies, namely, Cargill Incorporated, The Scoular company, Archer Daniels Midland Company, The Hain Celestial Group, Inc., Associated British Foods plc, ConAgra Foods, Inc., General Mills, Inc., ITC Limited, Parrish and Heimbecker Ltd., Ingredion Inc., The Caremoli Group, Bunge Limited, Unicorn Grain Specialties, Buhler and SunOpta Limited are considered to be the major players in the global modified flour market. These companies are expected to instrument the global modified flour production during the forecast period.
Segments Covered by Modified Flour Market Analysis
- North America
- Latin America
By product type:
- Wheat flour
- Corn flour
- Rice flour
- Soy flour
- Bakery & Confectionery
- Extruded snacks
- packaged food
- Other request
- Microcrystalline cellulose (MCC)
- Carboxy-methylcellulose (CMC)
- Phosphorus chemicals
- Succinic acid
By sales channel:
- direct sales
- modern trade
- Departmental stores
- convenience stores
- Online stores
- Other sales channel
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