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The flourishing flour market, a global perspective on trends, demand drivers, and regional insights from United States, China, India, Russia and Brazil

08-16-2024 06:29 AM CET | Food & Beverage

Press release from: Bonafide Research

The global flour market is anticipated to cross USD 390 Billion by 2029 with 6.76% CAGR by 2024-29.

The global flour market is anticipated to cross USD 390 Billion by 2029 with 6.76% CAGR by 2024-29.

Flour, a seemingly simple and unassuming ingredient, holds a pivotal role in the world of culinary arts. Derived from grinding grains, seeds, or roots into a fine powder, flour has been a fundamental component of human diets for thousands of years. Its ubiquity in various cuisines across the globe underscores its versatility and importance in the culinary world. Flour is a staple ingredient in many kitchens around the world, used in a wide variety of dishes from bread, pasta, and pastries to sauces, gravies, and coatings for fried foods. According to the research report, "Global Flour Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 390 Billion by 2029, increasing from USD 264.17 Billion in 2023. The market is expected to grow with 6.76% CAGR by 2024-29. The world's population is steadily increasing, driving higher demand for staple food products like bread, pasta, and baked goods. Flour is a fundamental ingredient in these items, making the industry a critical player in meeting the growing demand for food. Evolving consumer preferences and the influence of diverse culinary trends have led to a surge in the consumption of various flour-based products. As people explore different cuisines and lifestyles, the demand for specialty flours, gluten-free alternatives, and unique flour blends has risen.

The COVID-19 pandemic, with lockdowns and increased time spent at home, sparked resurgence in home baking. Many individuals turned to baking as a therapeutic and creative outlet, driving up the demand for flour and related baking products. The growing awareness of the connection between diet and health has prompted consumers to seek healthier alternatives. Whole wheat and ancient grain flours, known for their higher nutritional content, have gained popularity as people prioritize wellness in their food choices. Flour fortification initiatives, where essential nutrients like iron, folic acid, and B vitamins are added to flour, have become more prevalent. This addresses nutritional deficiencies and aligns with a broader trend of consumers seeking products with enhanced health benefits. Flour manufacturers are increasingly entering new markets and expanding their global footprint. As international cuisines gain popularity worldwide, the demand for different types of flours has surged, contributing to the industry's growth. Modern milling technologies have significantly improved the efficiency and quality of flour production. Automated and precision-controlled milling processes ensure consistency and allow for the production of a wide range of flours tailored to specific consumer needs. With the rise in gluten sensitivity and celiac disease awareness, there has been a surge in the demand for gluten-free flours.

For more insights: https://www.bonafideresearch.com/product/240329401/global-flour-market

Wheat flour stands at the forefront of the flour market due to its multifaceted nature, embodying a combination of unique attributes that render it an unrivaled choice for a diverse range of culinary applications. One of its key distinguishing features lies in its balanced gluten content. Gluten, a protein present in wheat flour, imparts elasticity and structure to dough, facilitating the leavening process and contributing to the distinctive textures found in various baked goods. This quality makes wheat flour particularly well-suited for the production of staples like bread and pasta, where gluten's role in providing volume and chewiness is essential. Furthermore, the adaptability of wheat flour in the kitchen is unparalleled. Its neutral flavor profile serves as a versatile canvas for both sweet and savory creations, allowing it to seamlessly integrate into a myriad of recipes. Conventional flour, often synonymous with all-purpose or wheat flour, commands a leading position in the flour market due to a confluence of factors that collectively contribute to its supremacy. The primary driver of its dominance lies in its widespread availability and accessibility. Conventional flour, derived from commonly cultivated grains like wheat, enjoys a vast production scale, ensuring a consistent and ample supply to meet the demands of both consumers and industrial-scale food manufacturers. Cost-effectiveness is another critical facet of conventional flour's appeal.

Bread and bakery products occupy a central position in the flour market owing to a confluence of factors that collectively underscore their unparalleled popularity and widespread consumption. At the heart of this dominance is the universal appeal of bread as a dietary staple and the diverse array of bakery items that have become integral to culinary cultures across the globe. Bread, in its various forms such as loaves, rolls, and flatbreads, is a dietary cornerstone for many cultures, representing sustenance and comfort. Its versatility as a vehicle for both sweet and savory accompaniments enhances its appeal, ensuring a consistent demand that spans breakfast tables to dinner settings. The versatility of flour is a pivotal element in the ascendancy of bread and bakery products within the market. The ascendancy of the direct sales channel in the flour market reflects a paradigm shift in consumer behavior, where an increasing number of individuals seek convenience, transparency, and a closer connection to the source of their food. Direct sales, which encompass various avenues such as online platforms, farmer's markets, and on-site mills, have gained prominence as consumers prioritize accessibility to fresh, high-quality products directly from producers. This shift is fueled by a growing awareness of the origins and production processes of the food they consume, as well as a desire for a more personalized and transparent shopping experience. The convenience factor plays a pivotal role in the direct sales channel's leadership. Online platforms allow consumers to browse and purchase flour from the comfort of their homes, eliminating the need for traditional brick-and-mortar retail experiences.

For more insights on Middle East & Africa: https://www.bonafideresearch.com/product/240329406/middle-east-and-africa-flour-market

In North America, the flour market is well-established and extensive, with the United States and Canada as major players. The U.S. flour market is characterized by a diverse range of flour types, including all-purpose, whole wheat, and specialty flours used in both commercial and consumer applications. Key drivers of the market include a strong demand for baked goods, increased popularity of home baking, and the growth of the food service industry. The market is also influenced by health trends, leading to a rise in demand for whole grain and gluten-free flours. In Canada, similar trends are observed, with a growing interest in healthier and organic flour options. In Europe, the flour market is diverse and influenced by a rich tradition of baking and culinary practices. Major markets include Germany, France, Italy, and the United Kingdom. Germany has a well-established flour industry, with significant production of both wheat and rye flours, reflecting the country's strong bread-making tradition. France is known for its high-quality flour used in artisanal bread and pastries, with a focus on specialty flours for various baking needs. Italy's market is characterized by a demand for specialty flours used in traditional Italian baking, including pasta and pizza. The UK has a growing market for both traditional and specialty flours, with increasing interest in organic and gluten-free options. The Asia-Pacific region is experiencing significant growth in the flour market, driven by rising population, urbanization, and increasing consumer demand for baked goods. China and India are key markets in this region, with substantial flour consumption driven by staple foods such as bread, noodles, and pastries. In China, the market is growing rapidly due to urbanization and changing dietary habits, with increased demand for both wheat flour and specialty flours.

India's market is characterized by high consumption of wheat flour for traditional dishes such as chapati and paratha, with growing interest in premium and specialty flours. Japan and South Korea also show rising demand for high-quality flour, influenced by trends in baking and culinary innovation. The region's market is supported by expanding food processing industries and increasing availability of diverse flour types. In South America, the flour market is evolving, with notable growth in countries such as Brazil, Argentina, and Chile. Brazil is the largest market in the region, with high consumption of wheat flour driven by demand for bread and bakery products. The market is influenced by both domestic production and imports, with a focus on meeting the needs of a growing urban population. Argentina also exhibits significant demand for flour, with a strong tradition of baking and consumption of wheat-based products. Chile's market is growing, with increasing consumption of flour in both commercial and household settings. The South American market is characterized by a mix of traditional and modern flour applications, with rising interest in specialty and high-quality flours driven by changing consumer preferences and a growing middle class. In the Middle East and Africa, the flour market is expanding, with notable activity in countries such as Egypt, Saudi Arabia, South Africa, and Turkey. Egypt is a major player in the region, with high consumption of flour driven by staple foods such as bread and pastries. The market is influenced by government policies supporting flour production and importation to ensure food security. Saudi Arabia's market is growing, with increasing demand for flour due to a rising population and expanding food service sector. South Africa shows a diverse market for flour, with both traditional and modern applications reflecting its varied culinary landscape. The Middle East & Africa market is supported by increasing population, urbanization, and a focus on food security, driving demand for both standard and specialty flour products.

For more insights on India: https://www.bonafideresearch.com/product/6403294006/india-flour-market

Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global flour market with its value and forecast along with its segments
• Region & Country-wise flour market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Wheat
• Maize
• Rice
• Oats
• Others (Chickpea flour, Lentil flour, Coconut flour, Almond flour)

By Nature
• Conventional
• Organic

By Application
• Bread and Bakery Products
• Pasta and Noodles
• Snacks
• Baby Food
• Animal Food
• Others

By Sales Channel
• Direct
• Indirect

Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. Bonafide Research stands out as a contemporary market research company, renowned for its unparalleled resilience and integrated approach. With an extensive database of more than 18000 reports from 60 countries and expertise across 11 diverse industry domains and even assist the companies in spectrum of services, including designing their market assessment, market entry strategies, and consumer behavior analysis etc. Since last 10 years, we have served close to 1000+ clients and it includes fortune 500 companies across the globe. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

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