Flour substitute market projected to exceed $42,066.5 million by 2032

Flour substitute market projected to exceed $42,066.5 million by 2032


According to FMI, the global market for flour substitutes Size is projected to grow from $26,322.3 million in 2022 to $42,066.5 million in 2032, with total sales accelerating at a 4.8% CAGR throughout the forecast period.

Increasing demand for gluten-free products along with increasing prevalence of allergies and celiac disease is a key factor driving the growth of the global flour substitutes market.

flour substitute are associated with a number of health benefits. Studies have shown that flour substitutes can help lower cholesterol and improve blood sugar control. They may also help reduce the risk of heart disease and stroke, which has led to growing consumer preference for them, and in turn accelerating the market for flour substitutes.

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Another factor driving the rise in sales of flour substitutes is the health benefits they offer. Many of these substitutes are made from whole grains and other healthy ingredients, meaning they can be a great way to get your daily dose of fiber and other nutrients. And because they’re often lower in calories than regular flour, they’re also a great option for people who are watching their weight.

Similarly, the expanding applications of flour substitutes in the food processing and bakery industries bodes well for the market over the forecast period.

Flour substitute manufacturers are developing new ways to incorporate these products into various processed foods. They invest in research and development to introduce novel flour substitutes rich in healthy nutrients.

The central theses:

  • Based on the product, the Chickpea Flour segment is expected to grow at the highest CAGR of 5.4% during the forecast period.
  • North America holds around 30.5% share of the global flour substitutes market and is likely to maintain its dominance over the projected period.
  • The flour substitutes market in India is expected to grow by…

source_link https://www.digitaljournal.com/pr/flour-substitutes-market-to-surpass-us-42066-5-million-by-2032-amidst-growing-demand-for-gluten-free-products

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