Flour Market Size, Revenue Trends, Company Profiles, Revenue Share Analysis By 2023-2030 | Ardent Mills, LLC, Conagra Brands, Inc.

The Flour Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Flour is a powder produced by grinding or milling grains and cereals and is a key ingredient in various baked goods such as bread, pasta, noodles, biscuits, and desserts. It is also used as a thickening agent in soups and sauces.

Market Dynamics:

The flour market is expected to witness high growth over the forecast period owing to two key drivers. Firstly, the increasing consumption of baked goods such as bread, pastries and biscuits across the world is expected to fuel the demand for flour. According to data, per capita consumption of bread in developed countries is over 100 pounds per year indicating high usage of flour. Secondly, rapid urbanization coupled with rising disposable incomes in developing regions is enabling greater affordability of bakery and convenience food products prepared using flour. This in turn is driving the growth of the global flour market during 2023-2030 period.

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Top Key Players are Covered in this Report:

★ 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
★ Grain Craft
★ Inc

Detailed Segmentation

By Product Type:

★ Wheat flour
★ Rice flour
★ Oat flour
★ Maize flour
★ Rye flour
★ Others

By Application:

★ Food
★ Feed
★ Others

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Flour Market Drivers

1: Increasing population is driving demand for flour

The world population is projected to grow from 7.7 billion currently to around 9.7 billion in 2050. With rising population, the demand for food grains and flour is also expected to increase significantly. The growing population will need food on daily basis which will surely increase the consumption of flour across various food cuisines and bakery products. Countries like India and China with huge populations will be key drivers of growth in flour demand.

2: Evolving dietary preferences and exposure to western foods is boosting consumption of flour-based foods

With growing urbanization and exposure to western cuisine, people are becoming more familiar with breads, pastries and other flour-based bakery foods. Younger population in particular has developed taste for such convenience foods. This has positively impacted the sales of packaged baked goods and snacks prepared from flour. Rapid growth of quick service restaurants industry catering to on-the-go lifestyle has also increased per capita flour consumption. Demand for specialty and whole grain flour varieties is registering fast growth due to health and nutrition consciousness.

Flour Market Restrain: Fluctuating wheat prices pose challenge for flour producers

Wheat is the primary raw material for producing flour. Prices of wheat are highly volatile depending on climatic conditions, crop yields and global supply-demand dynamics. Due to dependence on agricultural commodities, flour producers have limited control over raw material costs. Unexpected price hikes in wheat directly impact the profitability of flour millers. This uncertainty acts as a restraint for new investments and capacity expansions in flour processing industry. Flour millers often struggle to pass on higher input costs to customers to maintain competitive prices.

Flour Market Opportunity: Growing demand for gluten-free and allergen-free flour varieties

With the rise in health issues like celiac disease and gluten intolerance, there is growing consumer interest in gluten-free dietary options. This has opened new opportunities for production and marketing of gluten-free flour made from ingredients like rice, almond, coconut etc. Furthermore, demand is rising for allergen-free flour made from potatoes, buckwheat and lentils to cater to customers with food allergies like eggs and dairy. Specialty flour producers are launching various formulations to target health-conscious consumer segments.

Flour Market Trends: Increasing investments in automated flour milling technologies

To improve operational efficiency, reduce costs and ensure higher yields, leading flour millers are automating their production processes through technology upgrades. Advanced milling equipment, automated quality inspection systems and networked flour silos are being adopted. Companies are also implementing Industrial IoT and data analytics solutions for predictive maintenance and optimized operations. Adoption of automated systems allows producing different flour varieties conveniently on same production line. This trend is helping flour millers gain competitive edge and meet complex customer demands.

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The report answers a number of crucial questions, including:

✦ Which companies dominate the global Flour market?
✦ What current trends will influence the market over the next few years?
✦ What are the market's opportunities, obstacles, and driving forces?
✦ What predictions for the future can help with strategic decision-making?
✦ What advantages does market research offer businesses?
✦ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
✦ What is the anticipated growth rate for the Flour market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Flour Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.