Global Commercial Flour Market Perceptions & Growth Track Forecast during 2017-2025

In order to study the various trends and patterns prevailing in the overall market for commercial flour, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Commercial Flour Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global commercial flour market is majorly restrained by the price volatility of grains affected due to changing climatic conditions that hamper overall production. 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. Revenue generated from the global commercial flour market valuated at US$ 44,008.3 Mn in 2017 and is expected to increase at a CAGR of 2.2% over the forecast period 2017-2025, reaching US$ 52,518.6 Mn by the end of 2025.

Expanding demand for gluten-free foods and increasing per capita food consumption in developing countries are the primary drivers leading the global commercial flour market during the forecast period. Rising demand for convenience foods, innovation in packaging, and food preferences of expanding young population are also expected to provide traction to market growth in near future.

Drivers & Restraints:

Rising health concerns among people and increasing need for gluten-free diets are facilitating the demand for commercial flour. As rice and corn flour are naturally gluten-free products, consumers are expected to sustain consumption of these two products in near future. People in North America and Europe have been preferring pregelatinized flour or gluten-free flour over others due to the rising health concerns. Increasing sensitiveness for gluten-free flour, such as white rice flour and corn flour, are driving the market and are being increasingly used in flour-based products. Growing demand for these products is influencing the growth of the flour market, and is expected to continue over the estimated time period.

Besides price volatility of grains due to uncertain climatic conditions, there are some other restraints that are potentially restricting the growth of the commercial flour market. Irregularities in climate and seasonal variations affect crops due to critical and uneven rainfall patterns. A reduction in rainfall also adversely affects the agricultural yields in many regions, which results in variations in input as well as output prices. There have been variations in the cost of energy, chemicals, and fertilizers. These fluctuations lead to a volatility in the prices of crops. Increased volatility is the structural issue for which players must find operational responses to secure margins in the long term. In 2017, the prices of wheat was up nearly 6% due to heavy rainfall in the Midwest region of the U.S.

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Market Taxonomy:

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 the rising consumer demands in wheat flour related food. The wheat flour segment is estimated to account for a significant revenue share of 92.2% in 2017 and is expected to register significant growth rate during the forecast period.  On the basis of source type, the commercial flour market can be segmented into organic and conventional type. The organic flour segment is estimated to account for a significant revenue share increase of 1.1% in 2017 and is expected to register significant growth rate during the forecast period. Furthermore, on the basis of end use, the Flour market is segmented into HORECA and food industry. The food industry segments, the market is anticipated to occupy the largest market share of 55.2% in 2017.

Analysis by Region:   

On the basis of region, the markets in APAC and Europe are expected to dominate over the forecast period, followed by North America. An extensive consumer base has been developed in APAC for bakery products. Europe is expected to become a prominent player by the end of the forecast period with a significant CAGR attributed to increasing per capita consumption of commercial flour in the region.

Some of the major companies operating in the global commercial flour market are 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.

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This release was published on openPR.