PUBLISHER: KBV Research | PRODUCT CODE: 1498513
PUBLISHER: KBV Research | PRODUCT CODE: 1498513
The Latin America, Middle East and Africa Toasted Flour Market would witness market growth of 9.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Others Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $212.3 million by 2031. The Argentina market is capturing a CAGR of 10.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.8% during (2024 - 2031).
With the rise in food allergies and gluten-related disorders, there is a growing demand for gluten-free and allergen-friendly products in the toasted flour market. Producers are developing toasted flour options that cater to consumers with dietary restrictions, such as gluten-free toasted flour made from alternative grains like rice, corn, or buckwheat. These products appeal to individuals with celiac disease, gluten sensitivity, or other food allergies, providing them with safe and flavorful alternatives for baking and cooking.
Likewise, another trend in the toasted flour market is the emphasis on ethical and sustainable sourcing practices. Consumers are increasingly concerned about food production's environmental and social impact, prompting producers to prioritize sustainability throughout the supply chain. This includes sourcing grains from certified organic farms, supporting fair trade practices, and implementing eco-friendly production methods. Toasted flour products marketed as ethically sourced and sustainably produced resonate with environmentally conscious consumers who value transparency and integrity in food production.
In addition, the UAE's vibrant food services industry caters to a diverse population with varied tastes and preferences. This diversity encourages culinary innovation and experimentation, introducing new dishes and recipes incorporating toasted flour as a unique and flavorful ingredient. According to the United States Department of Agriculture, in 2021, UAE was the second-largest food service industry in the Middle East region.
The total value of the UAE's hotel, restaurant, and institutional sector amounted to $12.3 billion, marking a substantial increase of nearly 17 percent compared to the figures recorded in 2020. There are 18,667 food establishments, 9,705 restaurants, 4,310 coffee shops, 2,809 cafeterias, 840 hotels, and 728 catering services in Dubai Emirates. Thus, the increasing food processing and rising food service sectors propel the market's growth.
Based on Type, the market is segmented into Wheat Flour, Soybean Flour, Corn Flour, and Others. Based on Distribution Channel, the market is segmented into Convenience Stores, Hypermarkets, and Online Stores. Based on Application, the market is segmented into Bread & Bakery Products, Crackers, Cookies & Biscuits, Noodles & Pasta, Animal Feed, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Toasted Flour Market Report Segmentation
By Type
By Distribution Channel
By Application
By Country