Global Flour Market is forecasted to expand at a CAGR of 4.52% between 2024 and 2030
The purchasers' increasing consciousness of wholesome diets propels the boom in the global flour market. People now pick healthy alternatives like no-seed oils, protein pasta, and gluten-free flour. Health attention is gaining a reputation for whole-grain, almond, and coconut flour. Furthermore, the demand for artisanal and specialty flours contributes to the flour market boom. This demand is pushed through the emergence of artisan bakeries and chefs searching for precise ingredients like ancient grains and heirloom wheat types to enhance the quality of their creations.Besides, packaging innovation drives the enlargement of the global flour market, with a growing emphasis on green wholesale food packaging answers like compostable or recyclable substances gaining momentum. Aligning packaging alternatives with sustainability needs can provide a competitive edge. Furthermore, easy labeling and transparency increase the flour market's popularity as purchasers search for precise and easy ingredient lists. Embracing clean labeling practices can capitalize on this trend efficiently. So, the Global Flour Market was worth US$ 166.59 Billion in 2023.
The Asia-Pacific flour market holds the highest revenue proportion globally. The location gains from its high rice, wheat, chickpea, and maize manufacturing, which serve as abundant raw materials for the flour manufacturing enterprise. Moreover, dietary choices, specifically the superiority of vegetarianism in nations like India, contribute to the expanded demand for flour-based products like bread and roti.
It is possible that maize could maintain a significant share of the global flour market
The global flour market is fragmented by raw materials into wheat, maize, rice, and others. Maize could retain a considerable percentage of the international flour market. This is especially because of its versatility, affordability, and huge cultivation. Its applications range from staple meals like cornbread and tortillas to business uses, such as animal feed and ethanol manufacturing, catering to various consumer and business needs.The global flour market seems to have an increasing demand for noodles and pasta
The global flour market is organized by application into Noodles and Pasta, Bread and Bakery Products, Wafers, Crackers and Biscuits, Animal Feed, Non-Food Applications, and Others. Noodles and pasta might be experiencing growing demand in the global flour market. This is due to their convenience, versatility, and popularity across numerous cuisines. As patron preferences for handy meal options increase and global pasta consumption grows, the need for flour used in noodle and pasta production is anticipated to increase correspondingly.Online stores will likely expand their reach in the worldwide flour market
The global flour market is classified into supermarkets, hypermarkets, online stores, and others based on sales channels. Online stores will probably extend their presence in the global flour market to capitalize on the ease and accessibility offered to customers. With the increasing popularity of online purchasing, entering the flour market segment provides tremendous growth opportunities.China may have a considerable share in the global flour market
The global flour market is compartmentalized by country into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). China could have a sizable presence in the global flour market. This is because of its population boom, driving demand for staple meals like noodles, dumplings, and steamed buns. Expanding middle-class demand for processed meals and bakery products, in addition, boosts flour demands. Government guidelines for agricultural modernization and strategic investments in cultivation technology enhance China's self-sufficiency and competitiveness. At the same time, its international trade presence ensures that the market affects strategic flexibility, shaping international flour dynamics.Key Players
Eight major companies dominate the global flour market. General Mills, Inc., Archer Daniels Midland Company, Conagra Foods Inc., Associated British Foods Plc., Cargill, Incorporated, King Arthur Flour Company, ITC Ltd, Hindustan Unilever Ltd.Raw Material - Global Flour Market breakup in 4 viewpoints:
1. Wheat2. Maize
3. Rice
4. Others
Application - Global Flour Market breakup in 6 viewpoints:
1. Pasta2. Bread and Bakery Products
3. Wafers, Crackers and Biscuits
4. Animal Feed
5. Non-Food Application
6. Others
Sales Channel - Global Flour Market breakup in 5 viewpoints:
1. Supermarkets2. Hypermarkets
3. Online Stores
4. Others
Country - Global Flour Market of 25 Countries Covered in the Report:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. King Arthur Flour Company2. Associated British Foods Plc.
3. Hindustan Unilever Ltd
4. Archer Daniels Midland Company
5. Conagra Foods Inc.
6. Cargill, Incorporated
7. ITC Ltd
8. General Mills, Inc.
10. Mary Kay Inc.
Table of Contents
Companies Mentioned
- King Arthur Flour Company
- Associated British Foods Plc.
- Hindustan Unilever Ltd
- Archer Daniels Midland Company
- Conagra Foods Inc.
- Cargill, Incorporated
- ITC Ltd
- General Mills, Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 215 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 166.59 Billion |
| Forecasted Market Value ( USD | $ 227.01 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
