Global Flour Market: By Product Type (Rice, Wheat, Maize, Oat Flour, Rye Flour, Others), By Technology (Dry technology, Wet technology), By Application (Noodles and Pasta, Wafers, Crackers, Biscuits, Bread and Bakery Products, Animal Feed, Non-Food Application, Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global Flour market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Flour Market
Flour contains high portions of starches, which are the subsets of complex carbohydrates, also known as polysaccharides. Many kinds of flour such as all-purpose flour, bread flour, almond flour, barley flour, cake flour, chickpea flour, corn flour, millet flour, pastry flour, rice flour, rye flour, soy flour, and among others.
Market Dynamics: Flour Market
Increase in urbanization has led to change in the food habits. Surge in adoption of convenience foods, ready to eat foods are expected to drive the growth of flour market. The soaring consumption of the fast foods, increased demand for wheat bread and bakery products are expected to fuel the global flour market. The change in consumer preferences in the taste is boosting the demand for various types of flour, which is likely to enhance the growth of the flour market. The growing health concerns among the people regarding high-protein flour in the preparation, is anticipating the growth of the market. The introduction of the organic flour is expected to propel the growth of the flour market in the upcoming years. However, the factors such as limited shelf-life is expected to dampen the growth of the flour market.
Geographically, global flour market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe flour market is expected to dominate the global flour market. The Europe region is well-known for its bakery products is to keep the top spot in the global flour market. The Asia Pacific flour market is driven by high consumption of flour owing to increase in population density along with a reduction in the average selling price of the flour products. The North America flour market is expected to grow in the forecasted period due to the rising awareness among the people regarding the gluten-free food items in the region.
Some of the players in the global Flour market include:
• Archer Daniels Midland Company (U.S)
• White Wings and Willmar International (U.S)
• Hindustan Unilever Limited (India)
• Ardent Mills Canada (Canada)
• Associated British Foods plc (UK)
• General Mills Inc. (U.S)
• ConAgra Foods, Inc. (U.S)
• King Arthur Flour Company, Inc. (U.S)
Notable Market Developments: Flour Market
In January 2018, Bunge has entered into an agreement to acquire Minsa S.A.B. de C.V. The strategic acquisition is expected to strengthen the food & ingredients business in U.S.
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