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Commercial Flour Market Overview 2023-2031: Estimated Market Size, Major Drivers and Lucrative Segments - By The Business Research Company
The global commercial flour market is witnessing significant growth, driven by various factors such as the rise in demand for gluten-free products, increasing preference for baked goods, and the growing awareness of the benefits of a healthy diet among consumers. With an industry value of US$ 49.1 billion in 2022, the market is projected to reach US$ 66.9 billion by 2031, growing at a steady CAGR of 3.5% from 2023 to 2031.๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=41444
Key Players and Market Developments
Some of the players in the industry are Ardent Mills, ADM, Cargill, Incorporated., General Mills, Inc., Bunge Global SA., Grain Craft, Ebro Foods, SA., Ingredion Incorporated, Hain Celestial, Conagra Brands, Inc., Hodgson Mill, North Dakota Mill, Wheat Montana, King Arthur Baking Company, Inc., Bay State Milling Company, Bob's Red Mill Natural Foods, and others.
Market Dynamics:
Rise in Demand for Gluten-Free Products: The market is experiencing a surge in demand for gluten-free products, catering to individuals with celiac disease, gluten sensitivity, or wheat allergies. This demand is met through the production of specialized commercial flour, aligning with FDA standards to ensure gluten content remains below 20 ppm.
Preference for Baked Products and Baking Solutions: Consumers are increasingly opting for packaged bakery products due to their convenience and easy availability, driving the demand for commercial flour. Moreover, the home baking trend has gained traction, further boosting the market for baking solutions and industrial-grade flour.
Nutritional Value and Innovation: Leading players in the commercial flour market are focusing on enhancing nutritional value and introducing innovative products. By investing in increasing production capacities and expanding their product portfolios, manufacturers aim to meet evolving consumer demands and strengthen their global presence.
Market Segmentation and Types of Commercial Flour:
Commercial flour comes in various types, each tailored for specific applications in the food industry. These include all-purpose flour, bread flour, cake flour, pastry flour, whole wheat flour, semolina flour, rye flour, durum flour, and gluten-free flour. Whole-grain commercial flour, rich in dietary fiber, protein, vitamins, and minerals, offers enhanced nutritional benefits compared to refined flour.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=41444<ype=S
Regional Outlook:
Europe emerged as the dominant region in the global commercial flour market in 2022, driven by increased consumption of bread and a growing demand for gluten-free products. The continent's preference for packaged and ready-to-eat food products, along with the rise in imports of processed food, further fuels market growth.
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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