Pre-Cooked Flour Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global pre-cooked flour market was valued at USD 19.9 billion in 2022, and a CAGR of 10.7% is expected during the forecast period. The increasing popularity of gluten-free alternatives is driving the demand for pre-cooked flour. The increasing population worldwide is driving the growth of the precooked flour market. Pre-cooked flour is the flour that has gone through the cooking process before being packaged and sold. Increasing demand for bakery products and in the manufacturing of sauces and other products is driving the growth of the market significantly.

Increasing demand for corn flour and rice flour is driving the growth in the market significantly. Urbanization and changing lifestyles, along with cost-effectiveness and versatility, are the factors driving the growth of the market significantly. The increasing preference for a healthy diet is the main reason behind the growth in the market. The increasing demand for this flour in cooking traditional cuisines is the driving force behind the growth in the market.

Impact of Covid-19

COVID-19 has had a negative impact on the pre-cooked flour market. Due to disruption in the supply chain, stringent lockdown and social distancing, economic uncertainties, and a temporary shutdown in the market, the market had to face a slowdown during the beginning phase of the pandemic. The demand for ready-to-eat food again increased after some relaxation during lockdown. Increasing demand for ready-to-eat flour was growing due to the excessive supply of packaged foods and increasing home delivery in all parts of the world. Increasing demand for packaged food worldwide is driving the growth of pre-cooked flour in the market. The increasing number of department stores, groceries, and provision stores is driving the growth in the market.

Growth Drivers

The convenience, busy lifestyle, and acceptance of ready-to-eat food in society, rising urbanization, and expanding food-service industry are driving the growth of the market significantly. Product innovations and diverse applications in various cuisines are the reasons behind the growth of the market. The growing popularity of gluten-free and health-conscious options is the reason behind the growth in the market. Increasing awareness among consumers in developed regions of the world, like the United States, and in most parts of Europe is driving the growth of the market.

The increasing preference for healthy diets and wellness-oriented lifestyles is driving the growth of the market. It serves as a useful supply of critical nutrients. The increasing emphasis people place on efficiency in every endeavor is the key reason behind the growth in the market. The increasing trend of fast food, snacks, and other ready-to-eat foods is driving the growth of the market significantly. With changing lifestyles and increasing urbanization, there is a growing demand for convenient food options.

Pre-cooked flour is used in a variety of recipes, including baking, frying, and thickening sauces. Rising consumer awareness about allergen-free options and continuous innovation in product formulation, such as adding nutritional enhancements, is the key factor behind the significant growth in the market. Increasing demand for packaged food all over the world to save time is the key issue behind the growth in the pre-cooked-flour market.

Segmentation

By Product Type

·         Wheat

·         Rice

·         Maize

·         Legume

·         Others

By Industry

·         Household

·         Commercial

By Sales Channel

·         Direct

·         Distributors

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Pre-Cooked Flour Market Product Type Segmentation

On the basis of the product type, the pre-cooked flour market is segmented into wheat, rice, maize, legumes, and others. The growth of the maize segment is increasing due to its excess consumption and its usage in staple grains. Maize, being the major food source for the majority of people in Asia, Africa, and Latin America, is used as a source of proteins, minerals, and vitamins all over the world. Using pre-cooked maize flour is in demand.

Pre-Cooked Flour Market by Industry Type Segmentation

On the basis of industry type, the pre-cooked flour market is segmented into household and commercial. The global pre-cooked flour industry is witnessing significant growth in the household and commercial sectors. The commercial sector is expected to dominate the market during the forecast period. The increasing number of eateries all over the world is driving the growth of the market significantly. Increasing demand due to efficient cooking in household applications is driving the demand for pre-cooked flour in the market significantly. Due to the huge consumption of packaged food all over the world, there is an increase in the consumption of pre-cooked flour in the market.

Pre-Cooked Flour Market by Sales Channel Segmentation

On the basis of the sales channel, the pre-cooked flour market is segmented into direct and indirect distributors. The increasing number of department stores, groceries, provision stores, and hypermarkets is significantly boosting market growth. The rising demand for organic food products all around the world is driving the growth of the market. The rising health consciousness among consumers and rising awareness about health among the people are the factors driving the growth in the market.

Regional Outlook

On the basis of regions, the pre-cooked flour market was segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is the leading region and is expected to dominate the market during the forecast period. China, due to its largest population and increasing urbanization and industrialization, is the leading market in Asia Pacific region. Increasing demand for organic and functional food is driving growth in the North American market.

The United States of America is the hub for many organizations and industries. Increasing emphasis on versatility and cost-effectiveness and increasing demand for ready-to-eat food by people all around the world are driving the growth of the market. Europe is experiencing steady growth driven by factors like convenience, changing consumer lifestyles, and demand for ready-to-use ingredients, which is driving the growth in the market. European countries like the United Kingdom, Russia, Germany, and France are the leading markets.

Key Players

·         Cargill

·         Cereal Veneta

·         Goya Foods Inc

·         Empresas Polar

·         Agriindustria Tecco Srl

·         Spiral Foods

·         Herba Ingredients BV

·         Harinera Del Valle SA

·         Anto Natural Foods

·         Other Players