July 2022, Research Report on the Global Semolina Market.
Market Forecast
Global Semolina Market size is projected to be valued at USD 2.46 billion by 2030 at a CAGR of 2.3% during the forecast period (2023 - 2030).
Semolina is a coarse flour made from either wheat, rice, or corn. It is used as part of both sweet and savory foods, has high nutritional content, and offers a healthy choice for the health-conscious population. The demand for semolina is increasing with the rising consumption of wheat products. Semolina is the main ingredient in several fast food products such as pasta, noodles, and breakfast cereals. The high consumption of these products has propelled the demand for semolina across the globe. Furthermore, semolina is inexpensive and is easily available to consumers belonging to all social-economical groups. Also, the gluten-sensitive population can opt for rice-based semolina. These benefits are likely to drive the demand for semolina during the forecast period.
Market USP
High nutritional content
Growth Opportunities in the Market
Growing Demand for Organic Products: Consumers around the world are becoming increasingly aware of the adverse impact of chemicals on health. This increasing awareness has promoted health consciousness and shifted consumer preference toward products with minimal or no chemicals. This shift in consumption patterns has created an opportunity for organic semolina manufacturers.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register the higher growth rate during the forecast period. The non-store-based segment includes e-commerce, wherein manufacturers distribute semolina through various online shopping sites and/or their websites. Companies face difficulties in reaching consumers in different parts of the globe through brick-and-mortar stores. Thus, e-commerce channels enable companies to cater to the consumers’ needs and expand brand presence.
Key Players