Strategic Forecast for the Flour Industry: Market Outlook 2025-2034

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How Large Will the Flour Market Size By 2025?
The market size of flour has seen robust growth in the past few years. The market value is projected to increase from $101.44 billion in 2024 to $106.96 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.4%. The historical growth is attributable to factors such as an increasing population, shifts in dietary habits, economic progression, globalization, and heightened health consciousness.

How Big Is the Flour Market Size Expected to Grow by 2029?
The size of the flour market is expected to experience robust expansion in the coming years, with the prediction to reach up to $130.35 billion in 2029, growing at a compound annual rate (CAGR) of 5.1%. This growth within the projection period can be tied to factors such as health and wellness trends, urbanisation movements, environmental sustainability, evolving demographics, as well as fluctuations in global trade. Key trends expected within this forecast period include the amalgamation of technology, advancements in technology, shifting consumer preferences and diets, innovations in processing as well as government legislations and quality standards.

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Which Key Market Drivers Powering Flour Market Expansion and Growth?
The growth of the flour market is projected to be propelled by an escalation in the consumption of bakery items. Bakery goods, which typically consist of flour or other grains, are being increasingly customized by manufacturers to cater to evolving consumer preferences and requisites such as reduced fat and high nutritive value food products. These items are calorie-rich and packed with nutrition. The multitude of benefits they offer has resulted in a growing demand for bakery products, subsequently boosting the market for cookies and crackers. For example, Euromonitor International provided statistics in October 2022, published on the official Government of Canada website, showing that retail sales of baked goods in the US reached $67.9 billion in 2021 and are forecasted to hit US$75.8 billion by 2026. As such, it's evident that the rising consumption of bakery items is fueling the expansion of the flour market.

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Which Fast-Growing Trends Are Poised to Disrupt the Flour Market?
Leading businesses in the flour market are progressively concentrating on the creation of creative solutions, like improved nutritional profiles and functional ingredients, to cater to the shifting health and wellness requirements of consumers. Improved nutritional profiles involve the addition of extra vitamins, minerals, and fibers in flour products to attract health-aware consumers. For example, in March 2023, Société de Transformation Alimentaire, a food processing firm based in Niger, introduced Vitamil +, a fortified flour product developed to offer superior nutritional advantages. Vitamil + comprises a blend of enriched vitamins and minerals, addressing the burgeoning market demand for functional foods. This innovative product not only raises the nutritional value of bakery items and other flour-related products but also corresponds to the growing consumer trend for healthier food options in the flour market.

What Are the Emerging Segments in the Flour Market?
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

Subsegments:
1) By Wheat: All-Purpose Flour, Whole Wheat Flour, Bread Flour, Cake Flour
2) By Maize: Cornmeal, Cornstarch
3) By Rice: White Rice Flour, Brown Rice Flour
4) By Oats: Rolled Oats Flour, Instant Oats Flour
5) By Other Types: Barley Flour, Rye Flour, Millet Flour, Quinoa Flour

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Who Are the Global Leaders in the Flour Market?
Major companies operating in the flour market include 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

Which are the Top Profitable Regional Markets for the Flour Industry?
Asia-Pacific was the largest region in the flour market in 2024. The regions covered in the flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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