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Fonio Flour Market

Fonio Flour Market

Fonio Flour Market Forecast, Trend Analysis, & Competition Tracking - Global Review 2020 to 2030

Fonio Flour Market
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Introduction

There has been significant rise in demand of fonio flour in the recent past owing to recent growing demand from multiple end use sector. Fonio flour is being used in food products because they are rich in proteins, have nutty taste and are gluten free. Western Africa is the key cultivator of fonio owing to its dry climate; alongside they are also grown in Nigeria, Mali, Burkina Faso, and Guinea. Western Africa produces fonio in 300,000 hectares and serve about 3-4 million people across the world. Fonio flour is used in households like bakery, cakes, pasta, cookies whose consumer base has been continuously increasing, consequently leading to high market growth of fonio flour market.

Regional Overview

There was no existence of fonio in Europe before 2018, however, it gained popularity thereafter. Fonio flour market in Germany and United Kingdom are expected to witness significant and sustainable growth, owing to the significant potential of gluten free products. Fonio flour is also used significantly in countries such as Italy, Belgium, France, and Netherlands. Europeans are generally not taking risk, crop combination is benefitted for the growth of fonio in Europe. The demand for vegan products in Europe is expected to be another supplementing factor for the growth of fonio flour in coming years.

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Key players in fonio flour market

Terra ingredients, Woodland foods, SS Import Export Co Ltd, FaraFena some of the prominent companies working in the fonio flour market. The top players of market have been concentrating on increasing their production capacity and market growth. For instance, in August 2020 Terra Ingredients announced their partnership with IYA Foods with initial launch for the best alternative of gluten free rice, to increase their growth and market scale.

It became the first company to launch launch alternatives of plant based gluten free rice with higher nutritional value. Some companies have also invested in research and development of new product lines with specific applications. At present European companies invest more in fonio flour to make their market potential high.

Fonio Flour Market- Dynamics

Growing fonio cultivation in Western Africa is enabling the constant supply of fonio thus adding to the smooth operations of flour making industry. With the changing habits across the globe and young consumer become health conscious is also been assisting the fonio flour market. While other flour is not rich methionine, crystine, amino acid but fonio flour have these proteins which helps to fight with many diseases like coeliac. These factors are expected to boost demand for fonio flour in the coming years.

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Impact of Covid19 on Fonio Flour

Globally there have been a massive outbreak of the coronavirus in the first half of 2020 and its impact have been seen in every vertical of the industry and in general the demand of healthy foods was high. Fonio flour end use products such as cakes, cookies, pastries etc. have been observed to witness positive growth in second half of 2020, which also kept the demand of fonio flour aloft.

The research report presents a comprehensive assessment of the fonio flour market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report of fonio flour market provides analysis and information according to the different market segments such as end-use, form, sales channel, and region.

The fonio flour market report covers exhaustive analysis on: 

  • Market Segments of the jalapeno extract Market
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends / Issues / Challenges
  • Competition & Companies Involved
  • Value Chain of the jalapeno extract Market

An Adaptive Approach to Modern-day Research Needs

Regional analysis includes:

  • North America
  • Chicago
  • Europe
  • Netherland
  • France
  • Italy
  • Germany
  • Peru

The fonio flour market report is a compilation of first-hand information, qualitative and competitive assessment industry analysts, and inputs from industry experts and industry participants across the value chain. The report for the fonio flour market provides an in-depth analysis of the parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of the fonio flour market.
  • Changing market dynamics in the fonio flour market.
  • In-depth fonio flour market segmentation.
  • Historical, current, and projected market size in terms of volume and value.
  • Recent industry trends and developments in the fonio flour market.
  • Competitive landscape. Strategies of key players and products offered.
  • Potential and niche segments, geographical regions exhibiting promising growth for the fonio flour market.
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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Segmentation on the basis of types, analysis, market, sales

On the basis of type, fonio flour market is divided into two segments

  • White Fonio
  • Black fonio  

On the basis of end use, fonio flour market is divided into three segments

  • Bakery and Confectionary
  • Food Processing
  • Others

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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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