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Toasted Flour Market Report 2024-2033 - Size, Share, Growth & Forecast Analysis
Toasted Flour Market Report
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According to The Business Research Company's, The toasted flour market size has grown strongly in recent years. It will grow from $58.81 billion in 2023 to $64.40 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increasing awareness of health benefits, increasing demand for unique flavors, growth in consumer interest in ancient grains, and rise in artisan food products.
The toasted flour market size is expected to see strong growth in the next few years. It will grow to $93.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to growing consumer demand for premium baked products, increasingly prioritizing health and wellness, increasing demand for toasted flour in bakery products, growing emphasis on natural and flavorful ingredients, and growing need for non-wheat-based flour. Major trends in the forecast period include technological advancements, gluten-free options, sustainability-driven sourcing, integration into convenience foods, and enhanced packaging solutions.
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Market Drivers and Trends:
The increasing demand for bakery products is expected to propel the growth of the toasted flour market going forward. Bakery products encompass a variety of food items, such as bread, cakes, muffins, and pastries that are typically baked in an oven. The rising popularity of bakery products can be attributed to increasing demand for convenient, ready-to-eat foods, diverse flavor options, artisanal craftsmanship, health-conscious ingredient choices, and cultural culinary trends. Toasted flour enhances bakery products by imparting a unique nutty and roasted flavor while adding depth, complexity, and an appealing appearance. For instance, in April 2023, according to the National Center for Biotechnology Information, a US-based governmental agency, the Italian bakery products industry produced 13.1 million tons of goods overall in 2021, a 2.6% rise from 2020. Therefore, the increasing demand for bakery products is driving the growth of the toasted flour market.
Major companies operating in the toasted flour market focus on developing innovative products, such as multi-purpose flour, to meet the growing demand for sustainable and healthy products. Multi-purpose flour is flour made entirely from plant ingredients, offering versatile and sustainable alternatives for baking and cooking. For instance, in March 2023, Bay State Milling Company, a US-based company specializing in flour milling and grain-based ingredients for the food industry, launched Wingold Wellness multi-purpose flour. This innovative flour blend boasts three times the gut-healthy fiber in traditional refined wheat flour, supporting digestive health without compromising taste, functionality, or quality. It is perfect for baking bread, pastries, and savory foods since it adds fiber to all recipes, making it easy for health-conscious consumers to make healthy dietary changes.
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Major Key Players of the Market:
Cargill Inc., Archer Daniels Midland Company, PepsiCo Inc., Bunge Milling Inc., Mondelez International, General Mills, Pilgrim's Pride, Conagra Brands Inc., The Hershey Company, ITC Limited, J.M. Smucker, TreeHouse Foods, Pinnacle Foods, Hain Celestial Group, Ardent Mills Corporate, Molinos Juan Semino SA, Bob's Red Mill Natural Foods Inc., Grain Millers, King Arthur Baking Company Inc., Minsa Corporation, Hodgson Mill, Montana Milling Inc.
Toasted Flour Market 2024 Key Insights:
• The toasted flour market size is expected to see strong growth in the next few years. It will grow to $93.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
• The Impact Of Rising Bakery Product Demand On The Toasted Flour Market
• Bay State Milling Launches Wingold Wellness Multi-Purpose Flour With Triple The Fiber
• Europe was the largest region in the toasted flour market in 2023
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