Market Research Future (MRFR) studied the global semolina market 2020 along the review period till 2026. MRFR analysis studies reveals that the semolina market is expected to surge at 2.3?GR between 2020 and 2026. By 2026, the global semolina market is expected to earn USD 2,260.09 Mn.
The surging demand for convenience food is likely to boost the demand for semolina. Changes in lifestyle and evolving dietary patterns contribute largely to the growing demand for convenience food, and semolina is observed to gain traction as the choice of convenient food in the modern world. Semolina is easy to use, have high nutritional value, product appeal, and variety that are expected to impact the purchase decision of marketers. The increase in number of flour mills and rise in demand for gluten-free products, along with the aforementioned causes are expected to benefit the semolina market in the coming years. Economical virtue of the product and the increase in sales through well-established organized retails in developing countries are other factors that can influence the semolina market. Short shelf-life of semolina can hinder the market rise.
General Mills, Inc. (US), Conagra Brands (US), ARDENT MILLS (US), Honeywell Flour Mills (Nigeria), Gilchester Organics (UK), Europasta SE (Czech Republic), Shree Kailash Grain Mills Pvt. Ltd (India), SADAF FOODS (US), Kupiec (Poland), and MISKO (Greece) are some major players in the semolina market that are listed by MRFR.
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The segment study of the semolina market is based on source, distribution channel, and category.
The source-based segments of the semolina market are wheat, corn, and rice. The wheat segment is expected to hold the highest market share by 2026. The high demand for wheat-based semolina due to its lactose-free and low saturated-fat content can promote the market. The rice segment can rise at decent pace, following the decent growth of the corn segment.
The category-based segments of the semolina market are organic and conventional. The organic segment can garner the highest market share in the study tenure. The expansion of the vegan consumer base and subsequent surge in demand for organic semolina by consumers can fuel the product market in the review period.
The distribution channel-based segments of the semolina market are store-based and non-store based. The large-scale sale of semolina through the firm store-based retailer network is likely to prompt the semolina market in the years ahead. Supermarkets and hypermarkets, and specialty stores among others contribute to the market upsurge in the review period as they provide better consumer satisfaction. The growth of semolina market through stores can also be attributed to the existence of strong vendor networks, ease of availability, and high product appeal due to lucrative packaging. However, as convenience stores also such as; supermarkets and hypermarkets, also displays a wide range of alternatives, the purchase decision of consumers can be influenced. This is likely to have major impact on the semolina market in the near future
The semolina market in the North America region is expected to acquire decent share of the market, suggests the regional progress study of the market by MRFR. The growth awareness about health benefits of semolina, such as; weight management and healthy digestion, is expected to drive North America semolina market. The rise in demand and consumption of plant-based foods can favor the semolina market in the US. The increase in consumption of semolina as pasta, noodles, and breakfast cereals and their easy accessibility. The rise of brand visibility and changes in breakfast habits can boosted the semolina market in North America.
In Europe, the semolina market is likely to record decent growth due to the expansion of consumer base in the region. The inclination towards healthy food habits can propel the semolina market in the region, along with the increasing preference towards GM-free and organic products.
In Asia Pacific, the semolina market is likely to augment at decent pace in the study period. India and Thailand, among other regions of APAC can dominate the regional semolina market by 2026. The surge in sales of semolina in APAC can be attribute to the existence of multiple recipes trending in the region. Moreover, well-organized retail sector, and the large-scale availability of the different types of semolina-based products can is drive APAC market upsurge in the analysis term. Furthermore, the surge in demand for convenience foods can promote the market growth through the study period.
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