Flour Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | Bunge Limited, General Mills Inc., Conagra Brands Inc., Grain Millers Inc., Hodgson Mill Inc.

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Flour Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $122.87 billion In 2028 At A CAGR Of 4.7% :

The flour market size has grown strongly in recent years. It will grow from $96.81 billion in 2023 to $102.33 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to population growth, changing dietary patterns, economic development, globalization, health awareness.

The flour market size is expected to see steady growth in the next few years. It will grow to $122.87 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to health and wellness trends, urbanization trends, environmental sustainability, changing demographics, global trade dynamics. Major trends in the forecast period include technology integration, technological advancements, consumer preferences and dietary shifts, technological advancements and processing innovations, government regulations and quality standards.

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Flour Market Major Segments
The flour market covered in this report is segmented -
1) By Type: Wheat, Maize, Rice, Oats, Other Types
2) By Form: Wet, Dry
3) By Sales Channels: Direct, Indirect
4) By Application: Noodles And Pasta, Bread And Bakery Products, Animal Feed, Wafers, Crackers, And Biscuits, Non-Food Application, Plastics, Biomaterials, And Glue, Other Applications

Key Driver - Surging Demand For Bakery Products Ignites Growth In The Flour Market

The rise in the consumption of bakery products is expected to propel the growth of the flour market going forward. Bakery products refer to goods that are often made from flour or other grains. Bakery producers are increasingly altering their product offerings to accommodate changing consumer tastes and requirements such as less fat and high nutritional value food items. These foods are high in calories and nutritional value. Due to these advantages, there is an increasing demand for bakery items, which is likely to enhance the cookies and crackers market. For instance, in October 2022, according a stats sourced from Euromonitor International, 2022 published on Government of Canada official website, retail sales of baked goods in US reaching $67.9 billion in 2021 and is expected to reach US$75.8 billion in 2026. Therefore, the rise in the consumption of bakery products is driving the growth of the flour market.

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Prominent Trend - Innovative Products With Enhanced Texture And Structure In The Flour Market

Product innovation is the key trend gaining popularity in the flour market. Major companies operating in the flour market are focusing on developing new products. For instance, in June 2021, Ulrick & Short, a UK-based manufacturer of clean-label, additive-free ingredients, launched a new functional flour with a new ingredient, FazendaTM Nutrigel. The unique feature of this functional flour is its ability to enhance viscosity, texture, and structure in gluten-free bakery applications. Nutrigel is useful in both sweet and savory bakery applications, from bread and baked goods to cakes, muffins, and gluten-free batters and coatings.

Flour Market Players
Major companies operating in the flour market report are The Archer-Daniels-Midland Company, Bunge Limited, General Mills Inc., Conagra Brands Inc., Ingredion Incorporated, Hindustan Unilever Limited, Ardent Mills, Horizon Milling LLC, Dangote Flour Mills plc, Grain Millers Inc., King Arthur Baking Company Inc., Bay State Milling Company, Idaho Pacific Corporation, Mennel Milling Company, Interflour Group Pte. Ltd., Grain Craft, Miller Milling Company, Bob's Red Mill Natural Foods, Siemer Milling Company, Arrowhead Mills Inc., Hodgson Mill Inc., Lakeside Mills Inc., Sunrise Flour Mills, Great River Organic Milling, Star of the West Milling Company, Hayden Flour Mills, Heartland Mills Inc., US Durum Milling Inc., Carr's Flour Mills Ltd., FWP Matthews Ltd., Wilkins Rogers Mills, Wudeli Flour Group, Wilmar International Limited

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the flour market in 2023. The regions covered in the flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flour Market Report Structure
3. Flour Market Trends And Strategies
4. Flour Market - Macro Economic Scenario
5. Flour Market Size And Growth
…..
27. Flour Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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