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Malted Barley Flour Market to Reach Valuation of ~US$ 11 Bn by 2029; Health Benefits and Widespread Acceptance, New Propulsion for Global Market - TMR
ALBANY, New York , Feb. 20, 2020 /PRNewswire/ -- With plethora of drivers to propel the growth of the market, the global malted barley flour market is majorly driven by the adoption of malt flour by numerous health conscious consumers across the globe, says the report by Transparency Market Research. The report also states that the market is anticipated to witness a robust 9% CAGR during the tenure of 2019 to 2029. Also, looking at the lucrative opportunities, the global malted barley flour market is expected to reach to the value of US$ 11 Bn by the end of the forecast period. Moreover, the market valued to be around US$ 4.7 Bn in 2019.
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The number of people going to gym and working out has grown exponentially past few years owing to rising health cautiousness. However, these people also needs bakery products such as breads to have a complete diet. Looking at this trend the bakery and confectionary segments shall dominate the end-user category of global malted barley flour market between 2019 and 2029.
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The insights about the drivers of the global malted barley flour market help the readers to understand the pace and direction of global malted barley flour market. With these insights, the players can effectively increase the growth possibility for their business. These insights can also assist the businesses to develop effective strategies that might support them acquire a prominent position in the global malted barley flour market between 2019 and 2029. Some of the prominent drivers of malted barley flour market are:
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Europe is expected to contribute approximately 37.3% in overall share of the global malted barley flour market. This dominance of the market is attributed to growing adoption of malt flour by bakery & confectionary and food and beverages industry. Moreover, the widespread acceptance of the malted barley flour by the locals in the region is also a major factor that propels the dominance of Europe in the global malted barley flour market during the tenure of 2019 to 2029.
However, North America is projected to emerge as the fastest growing region in the global malted barley flour market. The rapid pace of growth of the region is the result of growing number of heal cautious people in the U.S. and Canada .
The global malted barley flour market is quite competitive and highly fragmented. This is because the market has various players that dominates the dynamics of the global malted barley flour market. However, this scenario is posing a difficult challenge for the players that are willing to get themselves established in global malted barley flour market.
To overcome this scenario, the new players are looking forwards to strategies such as product launches, mergers, and partnerships. These strategies allow the players to accommodate resources that can help them achieve stability and sustainability in global malted barley flour market during the tenure of 2019 to 2029.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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