Global Specialty Flours Market Overview 2033 : Forecasted Market Size And Growth Rate | Cargill Inc., King Arthur Flour Company Inc., Giusto's Specialty Foods LLC, Swiss Bake Ingredients Private Limited

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Specialty Flours Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $17.98 billion In 2028 At A CAGR Of 10.6% :

The specialty flours market size has grown rapidly in recent years. It will grow from $10.91 billion in 2023 to $12.02 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to expansion of artisanal and specialty bakeries, ethnic and international cuisine trends, innovation in food product development, rise of home baking trends, focus on sustainable and organic products.

The specialty flours market size is expected to see rapid growth in the next few years. It will grow to $17.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to functional flour trends, plant-based diets and veganism, adoption of ancient grains, custom blends and mixes, investments in sustainable sourcing, focus on gut health. Major trends in the forecast period include innovation in gluten-modified flours, online retail channel growth, clean label and non-gmo trends, focus on sustainable and ethical sourcing, advancements in milling technology, health and wellness messaging.

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Specialty Flours Market Major Segments
The specialty flours market covered in this report is segmented -

1) By Nature: Organic, Conventional
2) By Distribution channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail, Other Distribution Channel
3) By Application: Bakery Products, Noodles and Pasta, Animal Feed and Pet Food, Meat Products, Snacks and Savory Products, Tortillas, Soups and Sauces, Others

Key Driver - Surging Demand For Premium Foods Drives Specialty Flours Market Growth

Growing demand for premium foods is expected to propel the growth of the specialty flours market. Premium foods are food products that are of high quality and priced high. Premium foods such as specialty flour are in high demand because they provide benefits such as aroma, texture, and even shape, are complete and balanced, contain all the nutrients a pet needs in the right proportions, and are highly digestible. For instance, in May 2021, according to IRI, a US-based company engaged in software, the shift to premium ingredients in 2020 was most visible in the spices and seasoning segment, which saw an 11.4% increase in premiumization in 2020 compared to the previous year. IRI discovered that 11.8% of start-up households, who tend to be younger and have lower incomes, spent more money on premium or specialty food items to prepare restaurant-style meals at home, compared to 5.2% of total respondents. Therefore, the growing demand for premium foods is expected to propel the growth of the specialty flours market over the coming years.

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Prominent Trend - Innovative Products Reshaping The Specialty Flours Market

Product innovations are a key trend gaining popularity in the specialty flours market. Major market players are developing innovative products to sustain their position in the specialty flour market. For instance, in March 2021, Ardent Mills, the premier flour milling, and ingredient company launched the High protein Certified Net Carb Flour Blend. The new product is the industry's first major net carb flour blend for high protein and low net carb baked applications. The innovative formulation can be used as a replacement for conventional flour without compromising taste, texture or functionality.

Specialty Flours Market Players
Major companies operating in the specialty flours market report are Cargill Inc., King Arthur Flour Company Inc., Giusto's Specialty Foods LLC, Swiss Bake Ingredients Private Limited, General Mills Inc., Lindley Mills Inc., MAURI, Bob's Red Mill, The Scoular Company, AGRANA Beteiligungs-AG, Archer-Daniels-Midland Company, Natural Foods and Rogers Food Limited, Conagra Brands Inc., Capricorn Food Products India Limited, Alfa Laval AB, Capuzzo SRL, Freudenberg Group, Saraf Foods Limited, Bunge Limited, Associated British Foods plc, The Hain Celestial Group Inc., SunOpta Inc., Parrish and Heimbecker Limited, Rogers Foods Limited, The Caremoli Group, Unicorn Grain Specialties B.V., ITW Food Equipment Group, ITC Limited, Ingredion Incorporated, CerealVeneta S.r.l.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the specialty flours market in 2023. The regions covered in the specialty flours market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Specialty Flours Market Report Structure
3. Specialty Flours Market Trends And Strategies
4. Specialty Flours Market - Macro Economic Scenario
5. Specialty Flours Market Size And Growth
…..
27. Specialty Flours Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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