Bulgur Market Predicted to Rise at a Lucrative CAGR throughout 2017 - 2025

Bulgur is made from wheat and is one of the oldest foods of Anatolia. Bulgur is a significant source of minerals like magnesium and chrome, dietary fibers, some phenols, phytates and selenium, and B vitamins. Bulgur is highly rich in fibers that reduce fat in the blood and enhances the development of immune system. Bulgur helps in weight control as it has the low content of the glycemic index.

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Turkey is a key producer and exporter of bulgur globally. The second largest exporter of bulgur is U.S. The growing demand, benefits, and investment done by key industry stakeholders have amplified the growth of bulgur market globally. The U.S. exports bulgur products to Korea, Africa, and Arabian countries.

The quality of the finished product depends on the quality of raw material used for manufacturing bulgur, the method of cooking, and drying temperature. The quality of durum wheat is one of the key factors for producing bulgur. During the first phase of the process, the wheat to be processed is separated from fodder, dust, stones, other grains, and impaired kernels, and then it is washed. Then wheat which is cooked with water is shifted for drying process. The traditional drying process is realized under the sun, and this prevents the production to be accomplished in winter.

There is an increasing demand of bulgur not only from Europe and Asian countries but also from several developed markets. Followed by demand, the global market also witnessed an upward growth trend in prices of bulgur, especially over past couple of years. Demand for bulgur has increased due to increasing value of bulgur as it is inexpensive, tasteful, nutritional, easy to prepare, and long lasting. The market demand for bulgur has also increased with the growth of world trade. Turkey has 99 bulgur factories that exported 212 thousand tons of bulgur in 2014 and 150 thousand tons in a first half of 2015.

Bulgur Market Segmentation

Bulgur market can be segmented by product type, by certification, and by regions. By product type, bulgur market is segmented as golden bulgur and brown bulgur. Furthermore, by certification, the bulgur market is segmented as conventional and organic. Bulgur market is further segmented by a region as Latin America, North America, Europe, Middle East and Africa, and Asia Pacific. In regional segments, Europe and North America possess significant potential, whereas Latin America and other developing markets such as Asia-Pacific and MEA possess growth opportunities with growing demand for bulgur over the forecast period.

Bulgur Global Market Trends and Market Drivers:

Bulgur provides a multitude of health benefits, as these are the rich sources of fibers, carbohydrates, and vitamins which will contribute to the growth of global bulgur market over the coming years. Associated health benefits include improvement in the functioning of nerve and digestive systems, it is helpful for women during pregnancy, accelerates nutrient absorption, and prevents constipation and intestinal cancer due to its high mineral and cellulose content.

Bulgur market is mainly driven by increasing application and usage in the food industry. Bulgur is high in demand as it is gluten free. Factors such as increasing population of working women, growing millennial population, busy work schedules, and on-the-go consumption habits are expected to fuel revenue growth of the global bulgur market. Also, the increase in disposable income and consumer preferences for healthy and convenient food are expected to further boost the demand for these products. Globally, the growth of organized retail has led to a widespread supply of bulgur through a wide distribution network. These factors are expected to bolster the growth of the global bulgur market in the coming years.

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Bulgur Market Key Players:

Key global market players manufacturing different type of bulgur products include Arbel S.A., Whole Foods Market, Tek Bulur, Sunnyland Mills, Ogun Bulgar Hububat, Nefis Bulgur Ltd STI Agro, Bumas Bulgur, Baharoglu Agricultural Co Ltd, and Duru Bulgur.

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