Global precooked flours market was valued at USD 12,658.4 million in 2018 and is projected to grow at a CAGR of 10.8% during the forecast period of 2019–2026

Precooked Flours Market

Precooked flours have varied applications in food and beverage industry. With the changing market scenario, the food and beverage market are also experiencing a shift in the consumption patterns. Middle-class population adopting a diverse and healthy diet providing growth opportunities for precooked flour market. Moreover, malnutrition prevalence and ongoing programs directed towards tackling this situation have favored use of precooked flours as a nutritional food. Moreover, increasing agricultural trade worldwide is helping manufacturers with raw material availability. For instance, Australia is home to the largest export-oriented agricultural sector with strong growth in food, beverage, and commodity exports to Asia. Australia’s network of free trade agreements (FTAs) provides superior access to the fast-growing Asian region. Besides, comprehensive agreements have recently been negotiated with Japan, Korea, China, and Trans-Pacific Partnership member countries, adding to Australia’s suite of existing FTAs.  

The Major Players Covered in this Report:
Cereal Veneta (Italy), Goya Foods, Inc. (U.S.), Empresas Polar (Venezuela), Agrindustria Tecco srl (Italy), Harinera del Valle SA (Colombia), Herba Ingredients BV (Ebro Foods, S.A.) (the Netherlands), Spiral Foods (Australia), Anto Natural Foods (U.S.) 

Global precooked flours market was valued at USD 12,658.4 million in 2018 and is projected to grow at a CAGR of 10.8% during the forecast period of 2019–2026.

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By Product Type, Wheat , Rice , Maize , Legume , Others

By Industry, Household , Commercial

By Sales Channel, Direct , Distributors

Segmental Insights

In this study, the precooked flours market is segmented by product type, industry and sales channel.

By product, the market has been segmented into wheat, rice, maize, legume and others. Maize is the second leading flours in the forecast period. This can be attributed to its widespread consumption as staple food in many countries. For instance, maize is one of the staple foods in Africa, Asia, and South America. In 2016–2017, the U.S. exported around 17% of its maize production to over 80 countries. Besides, Mexico (25%), Japan (21%), and South Korea (9%) are the top three corn export destinations of the U.S., the U.S. GRAINS COUNCIL. High consumption of maize in these regions makes them a default choice of precooked corn flour manufacturers in order to target huge consumer base. Maize flour fortification is one of the widely practiced solutions to tackle malnutrition issues in children. It is an efficient, simple, and inexpensive strategy to supply vitamins and minerals to the diets of the large population. As per WHO, malnutrition is still a looming crisis in the developing regions and around 52 million children under the age of 5 are wasted and 155 million are stunted. Apart from this, iron deficiency is another health issue affecting around 2 billion people worldwide, the British Nutrition Foundation.

Regional Analysis For Precooked Flours Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Precooked Flours are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Precooked Flours in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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