Market Overview:
The global fortified flour market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fortified flour from various applications such as supermarkets and hypermarkets, convenience stores, online retail, and others. Additionally, the growing awareness about the benefits of consuming fortified flour is also contributing to the growth of this market. On the basis of type, wheat-based fortification dominates the global fortified flour market followed by corn-based fortification and rice-based fortification. Wheat is a major staple food crop consumed all over the world and hence accounts for a large share in terms of volume in this market. On account of its high nutritional value, wheat is being increasingly used for fortification purposes across different regions globally. Corn also has high nutritional value and thus contributes significantly to this market’s growth rate.
Product Definition:
Fortified flour is a type of flour that has been enriched with vitamins and minerals. This type of flour is important because it helps to ensure that people are getting the nutrients they need.
Wheat:
Wheat is a cereal grain that is widely grown in the form of an annual grass. The wheat grains are made up of hard glumes and one or more spikelets per glume. The spikelets contain a single seed and are covered by a husk, which has three parts: the caryopsis, the palea and the chalice.
Corn:
Corn is one of the most important cereal grains cultivated across the globe. It is a staple food in many countries and is an essential ingredient for making bread, cakes, cookies, pastas and other products. The grain consists of starch inside its hard outer covering known as corn shell or kernel.
Application Insights:
The supermarkets and hypermarkets segment held the largest market share of more than 40% in 2017. The application of fortified flour is done in various ways including adding vitamins, minerals, and nutrients to improve the nutritional value of food products. Fortified foods are widely used by armed forces personnel to provide essential nutrients during long hours of fasting or on diet-related programs.
The convenience stores segment is expected to expand at a CAGR exceeding 5% from 2018 to 2030 owing to growing consumer preference for convenient food products with minimal preparation time required for cooking them. Moreover, rising demand for ready-to-eat convenience foods such as microwaveable meals will drive the product demand over the forecast period. The online segment is projected witness significant growth over the coming years due to increasing ecommerce sales across countries worldwide including China, India, U.S.
Regional Analysis:
Asia Pacific dominated the global fortified flour market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to growing health awareness among consumers and increasing adoption of gluten-free products in countries such as China, Japan, India and Australia. Furthermore, rising disposable income levels coupled with changing lifestyles will drive demand for convenience foods which will further propel regional growth over the coming years.
North America is expected to grow at a significant rate during the forecast period due to increasing consumption of fortified foods by military personnel stationed overseas as well as migrants from Asia Pacific countries such as India and China who reside in Canada and U.S respectively .
Growth Factors:
- Increasing demand for fortified flour from the bakery and confectionery industry as a result of rising awareness about the health benefits of consuming fortified flour products.
- Growing demand for gluten-free products, which is expected to drive the growth of the fortified flour market in the coming years.
- Rising disposable income levels among consumers in developing countries, which is leading to an increase in spending on food items, including fortified flour products.
- Rapid urbanization and growing population in emerging markets such as India and China are expected to create opportunities for growth of the fortified flour market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fortified Flour Market Research Report
By Type
Wheat, Corn, Rice
By Application
Supermarkets and Hypermarkets, Convenience Stores, Online, Others
By Companies
General Mills, Cargill, Archers Daniel Midland, Adani Wilmar, Ingredion, King Arthur Baking, Knappen Milling, DSM, BASF, Prinova, General Mills
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Fortified Flour Market Report Segments:
The global Fortified Flour market is segmented on the basis of:
Types
Wheat, Corn, Rice
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, Convenience Stores, Online, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Mills
- Cargill
- Archers Daniel Midland
- Adani Wilmar
- Ingredion
- King Arthur Baking
- Knappen Milling
- DSM
- BASF
- Prinova
- General Mills
Highlights of The Fortified Flour Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wheat
- Corn
- Rice
- By Application:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fortified Flour Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fortified flour is flour that has been enriched with additional vitamins, minerals, and other nutrients.
Some of the key players operating in the fortified flour market are General Mills, Cargill, Archers Daniel Midland, Adani Wilmar, Ingredion, King Arthur Baking, Knappen Milling, DSM, BASF, Prinova, General Mills.
The fortified flour market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fortified Flour Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fortified Flour Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fortified Flour Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fortified Flour Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fortified Flour Market Size & Forecast, 2018-2028
4.5.1 Fortified Flour Market Size and Y-o-Y Growth
4.5.2 Fortified Flour Market Absolute $ Opportunity
Chapter 5 Global Fortified Flour Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fortified Flour Market Size Forecast by Type
5.2.1 Wheat
5.2.2 Corn
5.2.3 Rice
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fortified Flour Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fortified Flour Market Size Forecast by Applications
6.2.1 Supermarkets and Hypermarkets
6.2.2 Convenience Stores
6.2.3 Online
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fortified Flour Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fortified Flour Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fortified Flour Analysis and Forecast
9.1 Introduction
9.2 North America Fortified Flour Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fortified Flour Market Size Forecast by Type
9.6.1 Wheat
9.6.2 Corn
9.6.3 Rice
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fortified Flour Market Size Forecast by Applications
9.10.1 Supermarkets and Hypermarkets
9.10.2 Convenience Stores
9.10.3 Online
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fortified Flour Analysis and Forecast
10.1 Introduction
10.2 Europe Fortified Flour Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fortified Flour Market Size Forecast by Type
10.6.1 Wheat
10.6.2 Corn
10.6.3 Rice
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fortified Flour Market Size Forecast by Applications
10.10.1 Supermarkets and Hypermarkets
10.10.2 Convenience Stores
10.10.3 Online
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fortified Flour Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fortified Flour Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fortified Flour Market Size Forecast by Type
11.6.1 Wheat
11.6.2 Corn
11.6.3 Rice
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fortified Flour Market Size Forecast by Applications
11.10.1 Supermarkets and Hypermarkets
11.10.2 Convenience Stores
11.10.3 Online
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fortified Flour Analysis and Forecast
12.1 Introduction
12.2 Latin America Fortified Flour Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fortified Flour Market Size Forecast by Type
12.6.1 Wheat
12.6.2 Corn
12.6.3 Rice
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fortified Flour Market Size Forecast by Applications
12.10.1 Supermarkets and Hypermarkets
12.10.2 Convenience Stores
12.10.3 Online
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fortified Flour Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fortified Flour Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fortified Flour Market Size Forecast by Type
13.6.1 Wheat
13.6.2 Corn
13.6.3 Rice
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fortified Flour Market Size Forecast by Applications
13.10.1 Supermarkets and Hypermarkets
13.10.2 Convenience Stores
13.10.3 Online
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fortified Flour Market: Competitive Dashboard
14.2 Global Fortified Flour Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Mills
14.3.2 Cargill
14.3.3 Archers Daniel Midland
14.3.4 Adani Wilmar
14.3.5 Ingredion
14.3.6 King Arthur Baking
14.3.7 Knappen Milling
14.3.8 DSM
14.3.9 BASF
14.3.10 Prinova
14.3.11 General Mills
