Global Flour Market to Exhibit 3.8% CAGR 2014-2020 Owing to Increasing Per Capita Income Consumption of Bakery Products

Flour1The global flour market is expected to benefit from factors such as rising global population, shifting consumption choices of consumers, and rising disposable incomes, states a recent market intelligence report by Transparency Market Research. The report states that the market will expand at a moderate, yet positive 3.8% CAGR from 2014 through 2020. Expanding at this rate, the market is expected to rise from a valuation of US$182.66 bn in 2013 to US$245.82 bn by 2020.The market is titled “Flour Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” and is available on the company website for sale.

Apart from the high demand from the mounting and economically stabilizing global population, the global flour market will also be driven by the rising consumption of bakery products, rising fast food industry, and the increased demand for high protein and gluten-free varieties of flour. The demand for gluten-free flour is expected to be a major driver of the global flour market as the prevalence of gluten-tolerance is on a significant rise across the globe.

Flour milling refers to the process of producing a fine or course powder by grinding grains, cereals, seeds, and roots, utilize either the dry or wet technology for milling. The milling process involves a variety of processes such as conditioning of grains, grain blending, and grain purifying. Flour is the major ingredient of a number of recipes and forms the core of many cuisines across the globe.

The global flour market has been segmented on the basis of four criteria in the report: Raw material, technology, application, and geography. Based on raw material, the market has been examined for rice, maize, wheat, and other varieties such as oat and rye. Technology-wise, the market has been segmented into dry technology and wet technology. Application-wise, the report includes analysis of sectors such as wafers, crackers and biscuits, noodles and pasta, bread and bakery products, animal feed, non-food applications such as glue, biomaterial and bioplastics, and other areas such as baby food and roux.

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From a geographic perspective, the flour market has been examined for Asia Pacific, North America, Europe, and Rest of the World (RoW). Among these, Europe dominated the global flour market in terms of revenue in 2013. The region led the global market owing to the high per capita consumption of a variety of flours and rising average selling price of flour. Asia Pacific, on the other hand, dominated the global flour market in terms of volume in the same year, owing to high population density and decline in average selling price of flour in the region.

The report also gives a thorough overview of the competitive landscape of the global flour market. Detailed business profiles, recent developments, involvement in activities such as mergers and acquisitions, SWOT analysis, and other data pertaining to aspects such as revenues and finances for vendors operating in the market are included in the report.

Some of the market’s key vendors profiled in the report are General Mills Inc., Ardent Mills Canada, ConAgra Foods, Inc., ITC Limited, Associated British Foods plc., Archer Daniels Midland Company, Wilmar International Limited, King Arthur Flour Company, Inc., White Wings, Hindustan Unilever Limited, and Hodgson Mill.

The flour market has been segmented as follows:

Flour market, by raw material:

  • Maize (Including corn flour)

  • Rice

  • Wheat (Including durum flour)

  • Others (Including oat flour, rye flour, etc.)

Flour market, by Application:

  • Noodles and pasta

  • Bread and bakery products

  • Wafers, crackers and biscuits

  • Animal feed (Including pet food)

  • Non-food application (Including bioplastics, biomaterials, glue, etc.)

  • Others (Including roux, baby food, etc.)

Flour market, by Technology:

  • Dry technology

  • Wet technology

Flour market, by geography:

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World (Latin America, Middle East and Africa)