Hydrolyzed Flours Market - Global Scope and Need
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The global hydrolyzed flour market has been categorized into seven key regions including North America and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. According to FAOSTAT, China is the world’s largest producer of wheat followed by India and North America. These countries play an important role in shaping the grain market dynamics across the world. Around 126 million metric tons of wheat are produced by China per year, on a land area of 24 million hectares. Wheat is being cultivated in large scale in the yellow river and Huai river valleys of China, where the crop is rotated with maize. It is pretty evident from the above-mentioned facts that, hydrolyzed flour market has been anticipated to have higher value share in Asia-Pacific North America regions. On the other hand, the European market is expected to grow at a considerable rate which could be attributed to countries like Germany which is being considered to be the largest producer in E.U (European Union). In 2013, Germany exported 9.1 million tons of wheat (FAOSTAT). According to estimates, the flour mills of Germany process 7.2 million tons of wheat each year.
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Consumers in the modern era are much more health conscious and prefer having gluten-free, sugar-free and fat-free products in their daily diet. Millennial population accounts to 27% of the total global population. They are fast becoming the world’s most important generational cohort for consumer spending growth, sourcing of employees, and overall economic prospects. These type of consumers are much more health conscious and look out for gluten-free products. Hydrolyzed flours have the lowest content of gluten. This one critical factor can help drive the demand and growth of global hydrolyzed flour in terms of value and volume sales.
Some of the key players in global Hydrolyzed flours market are PGP International, BELOURTHE S.A., Cargill Incorporated, Archer Daniels Midland Company, Caremoli Group, Buhler A.G., Lifeline Foods Inc., Takai Food Ltd, DANA DAIRY GROUP.
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