Research on using oilseed flour as a source of protein is going on to increase the nutritional value of food products in the food industries. Increasing health concern among the population is driving the demand of the high nutraceutical value products. De-oiled flour is gaining the worldwide recognition owing to its high nutritional value and zero fat. In the global flour market, the demand of de-oiled flour is increasing due to its richness in proteins, fiber, vitamins, and minerals. The de-oiled flour contains nutrients in the concentrated form and less amount of de-oiled flour gives more amount of energy than the normal flours. The de-oiled flours are also rich in flavors and it adds its flavor to the final product. In the global de-oiled flour market the demand of the de-oiled flour is increasing in North America and the European regions and Europe also accounts for the highest production of the de-oiled flour. Due to increase in demand of de-oiled flour market, it is anticipated to provide higher returns for investors in the de-oiled flour market in near future.
Growing Demand for de-oiled flour in the Food and Beverage Industries:
The demand of de-oiled flour is mainly increasing in the bakery application in food industry. De-oiled flour is mainly the residual part of processed oilseeds. In recent years the increase in the demand of the de-oiled flour is devoted to the utilization of oilseed protein as an alternative source for the consumption of the proteins. Due to lack of awareness, in many countries, the residual part is used as feed for the animal, but it can be used to eradicate the problem of malnutrition in those countries. In the global flour market, the demand for de-oiled flour is increasing at a good growth rate in the food, beverage, bakery and nutraceutical industry. In the food and beverage industry, the demand for de-oiled flour is in making biscuits, smoothies, snacks, and others, owing to deoiled flour health benefits and high nutritional value. The increasing demand for nutraceuticals and dietary supplements are also fuelling the demand of the de-oiled flours. On the other hand the, the demand of the de-oiled flour is increasing in the pharmaceuticals, households and in various food outlets. Apart from the various factors mentioned above, increasing awareness towards the health benefits from de-oiled flours will also lead to an increase in the consumption of de-oiled flour in the coming future.
Global De-Oiled Flour: Market Segmentation
On the basis of raw material, the global de-oiled flour market has been segmented as-
- Golden linseed
- Grape Seed
On the basis of type, the global de-oiled flour market has been segmented as-
- Apricot kernel flour
- Almond flour
- Golden linseed flour
- Grape seed flour
- Peanut flour
- Sesame flour
- Sunflower flour
On the basis of distribution channel, the global de-oiled flour market has been segmented as-
- Store-Based Retailing
- Grocery Retailers
- Modern Grocery Retailers
- Convenience Stores
- Traditional Grocery Retailers
- Food Specialist
- Independent Small Grocers
- Other Grocery Retailers
- Online Retailing
On the basis of end use, the global de-oiled flour market has been segmented as-
- Food processing
- Dietary Supplement
Global De-Oiled Flour Market: Key Players
Some of the key players operating in the global de-oiled flour market are Frigerio s.r.l. Food Ingredients, Cargill Incorporated, Vinay Industries Ltd, The ViperCo Group Ltd, Marbacher Ölmühle GmbH, Henry Lamotte OILS GmbH, Austrade Inc., Valaki Exports Co., SanaBio GmbH, Haitoglou Bros Sa. and others. More food industry is showing their keen interest to bring the de-oiled flour in their product portfolio, it is expected to increase the demand of de-oiled flour in the forecast period.
Opportunities for Market Participants
Increasing health awareness among the population has led to an increase in demand for high-value food products in the market. De-oiled flour has the potential to cater the demand by adding a large number of fibers and protein with zero fat content. In addition, changing food preference from non-vegan to vegan food is also generating a demand for vegan food products which have high nutraceutical value. Many food companies are adding de-oiled flour to wheat flour in the desired concentration to increase the protein and fiber content of the product.
De-Oiled Flour Market: Regional Outlook:-
North America and Europe account the highest consumption of processed food and companies like Frigerio s.r.l. Food Ingredients, Cargill Incorporated, Vinay Industries Ltd, The ViperCo Group Ltd, are situated where it can be anticipated that the demand of the de-oiled flour will increase in the forecast period. The Asia Pacific to witness a robust growth rate owing to growth in fitness aware population and growing food industries over the forecast period ensuing speedy procurement of de-oiled flour within the place through the key players. In addition, the demand for de-oiled flour is increasing in the Latin America region owing to its increasing consumption of the de-oiled flour. Increasing awareness and urbanization in the Middle East and African countries is expected to increase the establishment of food companies in the forecast period.
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4. Which regions might see the demand maturing in certain segments in near future?
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