Flour Market Competitive Insights, Leading Players And Growth Opportunities By 2028

Precision Business Insights published a research report on "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 - Global/Region/Country Forecast to 2028"

Wheat flour is today one of the most widely used culinary components on the planet. It has a variety of health benefits, including decreasing cholesterol, increasing metabolism, preventing obesity, and controlling blood sugar levels. Wheat flour is widely used attributed to the prevalence of gluten, a protein that gives dough strength and flexibility and improves the texture of baked goods. Population growth, increased disposable incomes, rising bakery product consumption, and changing lifestyles have all contributed to the global demand for wheat flour.

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Functional flours are used as active components in the production of high-quality food that is also healthier than regular meals. Consumers today are less interested in mid-market items. These customers are exhibiting a trend in which they are reducing their spending on basic goods and instead experimenting with new premium products on the market. This development in functional flour has been most noticeable in baking goods containing such flours. Women are the primary drivers of this surge in premium food purchases. Another factor for premium foods' popularity is internet retailing and the substantial discounts available on these products. Functional flour is becoming increasingly popular due to its cost savings, nutritional qualities, thickening, texture, and flavour increases. The key reasons propelling the market, however, are the gluten-free and clean label trends.

The flour industry has been segregated on the basis of product types which primarily include all-purpose, whole-wheat, semolina, fine wheat and bread. On the basis of end-users, the market has been classified into feed use, food use, and bio-fuel use. The market has been divided on the basis of distribution channels which is further fragmented into independent retailers, supermarkets and hypermarkets, convenience stores, specialty stores and online.

Owing to the high need for flour in the food business, Asia Pacific is a lucrative flour market. The food services industry in India is predicted to reach US$ 68.17 billion by 2018, as per the National Restaurant Association of India (NRAI). In addition, the abundance of raw materials such as grains is fuelling the growth of the flour market in this region. Owing to the factors, such as increased health consciousness amongst individuals, increased preference toward taste, sedentary lifestyle, and increased product releases and developments, North America is expected to be the fastest expanding segment.

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There are several industry players working in the Flour Market, which 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)

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