Flour Market Poised for Growth: Projected 4.52% CAGR from 2024 to 2030 ⅼ Renub Research

Global flour market is foreseen to be worth US$ 227.01 billion by 2030, according to Renub Research. Flour is produced through grinding and refining starchy food grains like wheat, rice, corn, rye, and other comparable grains. It is extensively used to put together meal objects such as bread, cakes, biscuits, pies, pastries, pasta, noodles, and more. The flour market is being driven by the increasing demand for flour from the quick meals and processed food enterprises, as well as the boom in the meal's enterprise.

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The flour market reached US$166.59 billion in 2023 and is projected to develop at a 4.52% CAGR from 2024 to 2030. The surging demand for wheat flour is driven by the flourishing global meals and beverage enterprise, particularly with the expanding market of quick-carrier restaurants and shifting buyer possibilities. Additionally, the rise in gluten intolerance has spurred the advent of gluten-free alternatives like rice, soy, and maize flour. Moreover, developing consciousness of conscious consumption behavior and health-aware consumers has fueled the demand for high-protein and diet-A-fortified wheat flour. This is trend in India, where the meal processing enterprise is projected to reach $482 billion, pushed by expanded flour utilization in bakery merchandise and sufficient raw material availability.

Global flour market trends:

• Consumers are increasingly interested in healthy eating and seek healthier wholesale food options, such as no-seed oils, protein pasta, and gluten-free flour. The trend towards health-focused diets is gaining popularity, with whole-grain, almond flour, and coconut flour being highly sought after.
• The demand for artisan bakeries and chefs is increasing, and they often need distinctive and specialized flours for their creations. Offering a variety of specialty flours, such as ancient grains or heirloom wheat varieties, is beneficial to cater to this growing market and help meet the needs of this niche market.
• Eco-conscious wholesale food packaging alternatives, like compostable or recyclable materials, are becoming increasingly popular. It can be a competitive edge to reconsider your packaging decisions so they align with your sustainability objectives.
• Consumers demand conscientious ingredient lists, and many competitors plan to adopt this trend. Clean labeling practices have become increasingly important in the industry.

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Wheat, primarily grown for human consumption, is the world's most abundant cereal crop.
A preference shift toward healthier options buoys the global wheat flour market's food use segments. Wheat flour is crucial to the bakery and confectionery industry due to its versatility. The convenience trend drives demand for processed foods, including ready-to-eat meals and snacks. Increasing demand for organic foods, perceived as safer and more nutritious, propels the organic wheat flour market. Responding to consumer preferences, manufacturers offer various packaging sizes of organic wheat flour. In June 2022, Archer Daniels Midland Company acquired Prairie Pulse Inc., expanding its pulse footprint in Vanscoy, Sask.

Bread and bakery products are poised to be a primary application in the global flour market.
The surge in bakery product consumption is anticipated to drive flour market expansion. These products, primarily flour-based, witness evolving consumer preferences, including preferences for lower fat and higher nutritional value items. Recognized for their calorie content and nutritional benefits, bakery items experience rising demand, consequently boosting the cookies and crackers sector. For example, in October 2022, according to stats from Euromonitor International cited on the Government of Canada's official website, US retail sales of baked goods reached $67.9 billion in 2021, projected to hit $75.8 billion by 2026. This consumption uptick underpins flour market growth.

The United States holds a dominant position in the global flour market.

The US flour market is projected to experience substantial growth in the coming years, fueled by rising demand for processed and packaged foods and increased home baking popularity. With the largest food industry globally, the US utilizes significant quantities of flour across various products. Moreover, the market's substantial size is attributed to the country's high per capita flour consumption, surpassing all other nations. As the world's largest producer and consumer of flour, the US produced approximately 15 million metric tons in 2019 and is expected to reach 16 million metric tons by 2024. Factors driving this growth include:

• Population expansion.
• Growing preference for baked goods.
• Increased demand for gluten-free options.

Key Player

Major players in the global flour market include King Arthur Flour Company, Associated British Foods Plc., Hindustan Unilever Ltd, Archer Daniels Midland Company, Conagra Foods Inc., Cargill, Incorporated, ITC Ltd, and General Mills, Inc.

Application - Global Flour Market breakup in 6 viewpoints:
1. Pasta
2. Bread and Bakery Products
3. Wafers, Crackers and Biscuits
4. Animal Feed
5. Non-Food Application
6. Others

Sales Channel - Global Flour Market breakup in 5 viewpoints:
1. Supermarkets
2. Hypermarkets
3. Online Stores
4. Others

Country - Global Flour Market of 25 Countries Covered in the Report:
1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

1. King Arthur Flour Company
2. Associated British Foods Plc.
3. Hindustan Unilever Ltd
4. Archer Daniels Midland Company
5. Conagra Foods Inc.
6. Cargill, Incorporated
7. ITC Ltd
8. General Mills, Inc.

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