
Europe Wheat Bran Offal Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 150 | Report Code: BMIRE00031813 | Category: Food and Beverages
No. of Pages: 150 | Report Code: BMIRE00031813 | Category: Food and Beverages
The Europe Wheat Bran Offal Market size is expected to reach US$ 6,867.25 million by 2031 from US$ 5,127.45 million in 2023. The market is estimated to record a CAGR of 3.7% from 2023 to 2031.
Europe is one of the largest markets for baked goods worldwide. The demand for whole-grain bread, gluten-free baked products, and low-calorie baked products is growing owing to consumers' emphasis on health and wellness. According to the Annual Business Survey, the bakery industry was among the largest manufacturing categories, with a value of US$ 5.8 billion in 2022, contributing ~13% of the total food and beverages manufacturing gross value added.
Bread is the fastest growing bakery product in Europe. According to UK Flour Millers, bread is bought by 99.8% of British households, and ~11 million loaves are sold every day in the UK. Additionally, according to the UK government's National Diet and Nutrition Survey, the average bread consumption per person in the country is approximately 80 grams per day as of 2022. As the wheat bran is widely used in bakery goods products, the growing bakery industry and increased demand for bread propel the demand for wheat bran across the region.
Key segments that contributed to the derivation of the wheat bran offal market analysis are form, category, and application.
Consumers and food manufacturers are increasingly prioritizing health-conscious, functional food. Wheat bran is a rich source of dietary fiber, which is well-known for improving digestive health by promoting regular bowel movements and preventing constipation. Its high fiber content also helps control blood sugar levels, reduce cholesterol, and aid in weight management, making it an essential ingredient in high-fiber cereals and snacks, dietary supplements, and other healthy products. As the global focus shifts toward promoting gut health and preventing chronic diseases, the demand for wheat bran in the food and beverages industry has surged.
In addition to its fiber content, wheat bran is enriched with essential nutrients, including vitamins, minerals, and antioxidants, further enhancing its appeal as a functional ingredient. It contains vitamin B such as niacin and folate, which are vital for metabolism and energy production, along with iron, magnesium, zinc, and other minerals, which support various body functions, including bone health and immune function. These nutritional benefits make wheat bran a popular choice in fortified foods, health supplements, and meal replacements, which can contribute to a balanced diet. Thus, the growing benefits of using wheat bran for various industrial applications drive the wheat bran/offal market.
Based on country, the Europe wheat bran offal market comprises Germany, the UK, France, Italy, Spain, and the Rest of Europe. The Rest of Europe held the largest share in 2023.
Switzerland, Belgium, Cyprus, Greece, Hungary, Ireland, Russia, Slovakia, and Denmark are among the key countries in the Rest of Europe wheat bran market. The increasing demand for baked goods such as bread, pastries, and cakes across these countries and the growing bakery industry propel the demand for wheat bran in countries across the region. Additionally, countries with rich heritage and bread recipes contribute to the region's market growth. Further, the surge in animal feed products and rising awareness regarding fiber-rich animal feed has contributed to the market growth.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 5,127.45 Million |
Market Size by 2031 | US$ 6,867.25 Million |
Global CAGR (2023 - 2031) | 3.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Form
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
Some of the key players operating in the market include Grain Millers, Inc.; Ardent Mills; Bunge Global SA; American International Foods Inc; Limagrain Ingredients SAS; Siemer Milling Company; King Milling Company; Sunimpex; Nisshin Seifun Group Inc; Florist; Wings Impex; Sudzucker AG; STAR OF THE WEST; Hindustan Animal Feeds; and Wilmar International Ltd, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Europe Wheat Bran Offal Market is valued at US$ 5,127.45 Million in 2023, it is projected to reach US$ 6,867.25 Million by 2031.
As per our report Europe Wheat Bran Offal Market, the market size is valued at US$ 5,127.45 Million in 2023, projecting it to reach US$ 6,867.25 Million by 2031. This translates to a CAGR of approximately 3.7% during the forecast period.
The Europe Wheat Bran Offal Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Wheat Bran Offal Market report:
The Europe Wheat Bran Offal Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Wheat Bran Offal Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Wheat Bran Offal Market value chain can benefit from the information contained in a comprehensive market report.