According to MarketIntelReports “Flour Market by Raw Material (Wheat, Rice, Maize, and Others), Application (Bread & Bakery Products; Noodles & Pasta; Animal Feed; Wafers, Crackers, & Biscuits; Non-Food Application; and Others), Technology (Dry Technology and Wet Technology) - Global Opportunity Analysis and Industry Forecast, 2014-2022”:
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Flour is obtained by grinding wheat, maize, rice, and others. Wheat is the grain which is commonly used for making flour followed by maize and rice. Wheat is an ingredient of bread which is the staple food for many people. Maize flour has been important since ancient times and is a staple food for Americas. All-purpose flour contains a high proportion of starch which is a subset of complex carbohydrates known as polysaccharides. It provides health benefits ranging from improving the body’s metabolism to controlling obesity. It lowers cholesterol levels and regulates blood sugar levels. Wheat flour has many applications in the food industry such as preparation of food items like bread, pasta, noodles, wafers, and bakery products.
Scope & Regional Forecast of the Flour Market
The growth in population along with per capita income has raised the demand for whole meal flour which augments the Flour Market demand. The change from traditional to urban and modern lifestyle of consumers has increased the demand for various types of flours in the preparation of fast food items. The rise in health concerns for high protein plain flour gives an impetus to the flour millers to produce gluten free alternatives.
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Wide applications of dry technology among baking flour millers is driven by factors such as less complex milling process, low cost advantage, and compatibility with the wheat flour milling process. Bread and bakery products segment will dominate the market till 2020. Europe will dominate the market during the forecast period in terms of revenue while Asia Pacific will be the leading contributor of plain white flour.
The evaluation of the value added processed bakery industry in Netherlands, Italy, Germany, and France is expected to drive the Flour Market in Europe. In Asia Pacific, the consumption of flour wheat is driven by the growing population, increasing consumer expenditure on staple food, rising disposable income, and growing demand for fast food.
The development of the retail bakery market in Middle East boosts the growth of the Flour Market. The increase in planting of flour whole wheat in Chile and other Latin American countries leads to a rise in the demand for wheat flour production. Increase in the number of fast food restaurants also boosts the demand for all purpose plain flour.
Segmentations & Key Players Involved in the Flour Market
The Flour Market can be broken down into various segments as follows:
- Product- Wheat (Including Durum Flour), Rice, Maize (including Corn Flour), and Others (including Oat Flour and Rye Flour).
- Application- Bread & Bakery Products, Noodles & Pasta, Animal Feed (Including Pet Food), and Wafers, Crackers, & Biscuits.
- Region- North America, U.S, Canada, Mexico, Europe, Germany, UK, Rest of Europe, and Asia-Pacific.
Some of the key players involved in the Flour Market are as follows:
- Ardent Mills Canada
- Archer Daniels Midland Company
- Associated British Foods plc
- ConAgra Foods, Inc.
- General Mills Inc.
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