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Pregelatinized Flour Market - Bakery and confectionery to highly contribute to the food segment growth
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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$1.2 Bn in 2017. The volume growth of this market is slated to register a CAGR of 3.7% during the assessment period.
Global Pregelatinized Flour Market: Segmental Highlights
The global pregelatinized flour market is segmented by source (rice, wheat, corn and others), by application (food, pet food and industrial) and by region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa). The food segment in application is further sub segmented by bakery and confectionery, dairy, soups and sauces and snacks and others.
Europe region shows higher market lucrativeness followed by North America and is expected to show high market evaluation by the end of 2025. During the period of assessment, this segment is poised to register a high growth to reflect a CAGR of 4.8%. In Europe, the global market by revenue is estimated to increase 1.5x by 2025 from 2017. Recently, consumers are closely inspecting the labels of products in order to check if it is clean label product, due to which players are focusing on launching such products, and thus it is expected to drive the market growth in the region
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Rice segment by source is the fastest growing segment during the assessment period. This segment is poised to register a high value CAGR of 6.1% during 2017-2025, but has a relatively lower share and market value
Corn segment by source category is the largest segment in terms of value and is estimated to reach a market valuation of about US$ 655.6 Mn in 2025 growing at a steady rate throughout the period of forecast
Food segment by application is expected to witness high growth and a high market valuation by the end of 2025. It is poised to register a CAGR of 4.8% during the period of assessment to reach a market evaluation of about US$1.4 Bn in 2025
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