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Commercial Flour Market Primarily Driven by Increasing Consumer Demand for Natural & Gluten Free Products
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Increasing demand for convenience foods and soaring modern retail formats such as supermarket/hypermarkets in developing countries are driving the commercial flour market. Increasing online retailing is also identified to be a major driver for biscuit manufacturers to enhance customer base. Moreover, increasing consumer demand for the diverse variety of flour offering better nutrition and superior taste is driving the Flour market. The global commercial flour market is restrained by the price volatility of grains due to climatic changes hampering the overall crop production.
By product type, the commercial flour market is segmented into wheat flour, corn flour, rye flour, rice flour, and others. The wheat flour segment is likely to be the most attractive segment in the forecast period on the backdrop of rising consumer demands in wheat flour-related food. This segment currently accounts for a significant revenue share of 92.2% and is expected to register a significant growth rate during the forecast period. On the basis of source type, the commercial flour market can be segmented into organic and conventional. While conventional flour segment will continue to dominate with more than 98% share of the total market value, it is foreseen to see a slight decline in near future. The organic flour segment is however estimated to register a promising CAGR during the forecast period. On the basis of end use, the commercial flour market is segmented into HORECA and food industry. The food industry segments is likely to occupy the largest market share of over 55% through to 2025.
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The report covers trends driving each segment and offers analysis and insights regarding the potential of the commercial flour market in specific geographical regions. In terms of value, APAC and Europe are likely to account for a collective value share of 68.6% by the end of 2025. Also, Europe is expected to dominate the market through to 2025 in terms of demand, followed by APAC.
Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the floured space. Flour producer includes Cargill Inc., ARDENT MILLS LLC, Archer Daniels Midland Company, ConAgra Foods, Inc., General Mills, Inc., Riviana Foods Inc, Bob's Red Mill Natural Foods, Inc., Bay State Milling Company, Bartlett and Company, The Mennel Milling Company, Hodgson Mill, King Arthur Flour Company, Inc, Ingredion Incorporated, Bunge Limited, The Hain Celestial Group, Grain Craft, Inc, Miller Milling Company, The White Lily Foods Company, Wheat Montana and North Dakota Mill. As competition intensifies in the sector with price wars among leading players, industry players are expected to improve the efficiency of their value chain, from inbound logistics to distribution and, to a large extent, marketing and export of products.
Get more Information: https://globenewswire.com/news-release/2018/03/27/1453649/0/en/Commercial-Flour-Market-is-projected-to-reach-US-52-518-6-Million-by-2025-Consumer-Inclination-towards-Natural-Gluten-free-Products-to-Uplift-Global-Commercial-Flour-Sales.html
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