Analysis of Fonio Flour market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
There has been significant rise in demand for fonio flour in the recent past owing to recent growing demand from multiple end use sectors. Fonio flour is being used in food products because they are rich in proteins, have a 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 serves 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.
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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 the Netherlands. Europeans are generally not taking risks, crop combinations are benefitted from 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 the coming years.
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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 alternatives of plant based gluten-free rice with higher nutritional value. Some companies have also invested in the 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.
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Growing fonio cultivation in Western Africa is enabling the constant supply of fonio thus adding to the smooth operations of the 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 in 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.
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 for healthy foods was high. Fonio flour end-use products such as cakes, cookies, pastries etc. have been observed to witness positive growth in the second half of 2020, which also kept the demand for 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 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.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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