Flour Market Revenue Opportunies By Key Vendors - Ardent Mills, LLC, Conagra Brands, Inc., Archer Daniels Midland Co., General Mills Inc., Willmar International Limited, Associated British Foods plc

Flour is a fine powder obtained by milling and sifting starchy food grains such as wheat, rice, corn, rye, and others. Flour is used in the preparation of many food items such as bread, biscuits, cakes, pies, pastries, noodles, pasta, and others. Increasing demand for flour from fast food and processed food industry along with growth in food industry is driving the flour market. For instance, according to India Brand Equity Foundation (IBEF), food processing industry in India is estimated to reach US$ 482 billion over the forecast period. Increasing use of flour in bread and bakery products, and wide availability of raw materials is propelling the growth of flour market.

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Wheat flour is the largest product type segment, owing to the presence of wide range of nutrients such as dietary fibers and health benefits such as reduction in cholesterol levels. Food segment accounted for highest market share in 2016, owing to use of flour in bakery products, baby food, and others. Dry milling technology was the largest technology segment in 2016, due to its low complexity as compared to wet milling process. Furthermore, it provides maximum surface area for processing and requires low capital cost. Dry milling is utilized for different types of grains without altering the operating characteristics of the machine.

Flour market Outlook

Asia Pacific is a lucrative flour market, owing to significant demand for flour from food industry. According to the National Restaurant Association of India (NRAI), food services industry in India is expected to reach US$ 68.16 billion by 2018. Furthermore, wide availability of raw materials such as grains is propelling growth of flour market in this region. For instance, according to Food and Agriculture Organization, China is the largest producer of wheat and rice globally in 2015-2016. China produced around 192 million tons of rice and 109 million tons of wheat in 2015-2016.

Major players operating in flour market include Ardent Mills, LLC, Conagra Brands, Inc., Archer Daniels Midland Co., General Mills Inc., Willmar International Limited, Associated British Foods plc, Hindustan Unilever Limited, ITC Limited, Hayden Flour Mills. LLC, and Grain Craft, Inc. among others.

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