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Pregelatinized Flour Market Predicted to Witness Highest Revenues from Europe and North America
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Global Pregelatinized Flour Market: Forecast
The global pregelatinized flour market has been witnessing moderate growth rate since past years. The global pregelatinized flour market, according to Persistence Market Research, is anticipated to grow at a CAGR of 4.5% throughout the period of forecast 2017-2025. This market is estimated to reach a value of about US$ 1.7 Bn by 2025 from a value of US$1.2 Bn in 2017. The volume growth of this market is slated to register a CAGR of 3.7% during the assessment period.
Global Pregelatinized Flour Market: Segmental Highlights
The global pregelatinized flour market is segmented by source (rice, wheat, corn and others), by application (food, pet food and industrial) and by region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa). The food segment in application is further sub segmented by bakery and confectionery, dairy, soups and sauces and snacks and others.
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Global pregelatinized flour market to witness moderate growth during 2017-2025
According to Persistence Market Research, the global pregelatinized flour market is expected to grow at moderate growth rate and reach a significant market value by the end of the forecast period. The pregelatinized flour market has been witnessing steady growth during 2012-2016 period. It is anticipated to grow at a CAGR of 4.5% throughout the period of assessment to reflect a market value of US$ 1.7 Bn by 2025 from a value of US$ 1.2 Bn in 2017. The growth of the global pregelatinized flour market can be attributed to the increasing demand for gluten free products, increasing preference for baked products and rising demand for clean label products.
Food segment to witness high growth during the forecast period
By application, the food segment is expected to grow at the highest rate to register a value CAGR of 4.8% throughout the period of forecast. This segment also reflects high market evaluation, and reflects US$ 1.4 Bn in 2025. The food segment by application is anticipated to create an incremental dollar opportunity of US$ 435.4 Mn between 2017 and 2025. The pet food segment follows the food segment, and is growing at a CAGR of 3.8% by value. The industrial segment shows sluggish growth rate during the assessment period.
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