Market Overview
Global Semolina Market size is projected to reach approximately USD 2.46 Billion by 2030, at a CAGR of 2.3% from 2023 to 2030.
Market Dynamics
In recent years, the global Semolina Market has shown moderate expansion. The benefits of semolina, such as healthy digestion and weight management, are propelling the semolina industry forward. The growing demand for plant-based diets is also helping to grow the semolina industry. Semolina demand is also being driven by rising consumption of noodles, pasta, and breakfast cereals. Consumer demand for semolina has been driven by an increase in the number of consumer stores, increased brand visibility, and changing breakfast routines among consumers. To meet the changing requirements of customers, industry competitors are focusing on creating novel products that claim to be gluten-free and organic.
The growing popularity of semolina is due to consumers' desire to live a healthy lifestyle. Semolina is a coarse grain powder made from wheat, rice, or corn that can be used in a variety of recipes. It is used to make pasta dough because it gives it a chewy feel. The global pasta market was valued at over 21 billion dollars in 2019, according to the MRFR report. Furthermore, the growing consumption of nutritious foods by a health-conscious population is likely to boost market growth. Semolina has a minimal saturated fat, cholesterol, salt, and trans-fat content. Vitamin E and the B complex are also found in semolina. The product's widespread availability at low pricing is also predicted to enhance market growth. The growing popularity of organic products around the world is presenting profitable potential for semolina manufacturers.
The sudden emergence of the COVID-19 epidemic prompted the imposition of strict lockdown measures in various countries, causing difficulties in Semolina import and export.
Analytical Segmentation
According to Source, the Wheat segment held the biggest market share in 2019 and is expected to increase at a modest rate over the forecast period. Because wheat-based semolina is lactose-free and cholesterol-free, as well as having a low saturated-fat level, it is preferred by the majority of consumers.
By category, the Organic sector had a modest market share in 2019 but is expected to increase at the fastest rate throughout the projection period. The rising demand for organic semolina is expected to increase product demand, owing to customers' desire for organically grown and processed products.
The non-store-based segment is expected to develop at a faster rate than the store-based segment during the forecast period. E-commerce, in which producers distribute semolina through numerous online shopping sites and/or their own websites, is included in the non-store-based sector. Companies confront challenges in reaching customers in various parts of the world through physical locations. As a result, e-commerce channels allow businesses to meet the needs of their customers while also expanding their brand's reach.
Region Overview
The European market is likely to grow at a slow pace. The growth of the semolina market is being fueled by an increasing number of customers in the region who are interested in eating nutritious foods. Semolina consumption is expected to rise due to rising customer preference for organic and GM-free products.
In 2019, Asia-Pacific dominated the worldwide semolina market, and this trend is likely to continue during the forecast period. The market in the region is growing due to the rise of the organized retail sector, as well as the extensive availability of the product. In addition, the growing demand for convenience foods is boosting market growth.
Competitive Dynamics
The key semolina market players are General Mills, Inc. (US), Conagra Brands (US), Honeywell Flour Mills (Nigeria), Europasta SE (Czech Republic), ARDENT MILLS (US), Gilchester Organics (UK), Shree Kailash Grain Mills Pvt. Ltd (India), SADAF FOODS (US), MISKO (Greece), Kupiec (Poland)
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