Rising Demand of Flour Based Bakery Products is Fuelling the Growth of the Market: Factor & Equilibrium
As per a new market research report published by Factor & Equilibrium (www.factorandequilibrium.com), “Flour Market – Global Industry Insights Market Size, Estimation and Growth Forecast By Raw Material (Wheat, Maize, Rice and Others), By Application (Bakery, Noodles and Pasta, Biscuits, Crackers and Wafers, Animal Feed and Others), & By Regions, 2017-2025” is expected to reach USD 376.15 Billion by 2025 in terms of revenue. In 2016, the market was valued USD 303.50 Billion in terms of revenue. In terms of volume, flour market size was 242,800.0 Kilotonne in 2016 and expected to reach 284,965.7 Kilotonne by 2025.
Browse 32 Data Tables and 47 Figures in the full report at https://www.factorandequilibrium.com/market-report/flour-market-size-analysis
Market Overview
The flour market is expected to grow at a stable rate during 2017 to 2025. Flour is fine powder, which is produced through grinding of cereals, grains, roots and seeds. Wheat is used as common raw material for producing flour. Flour produced from cereals is used as major ingredients in bread. Applications of flour include bakery items, fast foods, animal feed, noodles, wafers etc. Growing consumption of bakery and dough products across globally is acting as major growth driver for the market. Furthermore, rising demand for flour based noodles in Asian countries has created significant growth opportunity for the market.
Rising consumption for flour based bread and bakery products has been boosting the growth of the flour market
Segmentation Overview
Based on raw material, the global flour market has been segmented into wheat, maize, rice and others. Others include oat and rye flour. As of 2016, in terms of both revenue and volume, wheat (including durum flour) held the largest share in flour market size, accounting for more than 75% and 77% accordingly. Durum flour has major application in pasta production. Wide application of wheat flour based food products and comparatively low price are major reasons behind such large market share of this segment.
In terms of both revenue and volume, wheat was the largest raw material of flour market in 2016
Based on application, the global flour market has been segmented into bakery, noodles and pasta, biscuits, crackers and wafers, animal feed and others. Others include nonfood applications such as bioplastics, glue and biomaterials. Roux is also covered under others segment. As of 2016, in terms of both revenue and volume, bakery held the largest share in the market, accounting for more than 35% and 38% accordingly. Rising consumption of bread based fast foods and gluten-free bread flours among consumer are driving the growth of the market. Shift in consumer taste towards flour based bakery & confectionery products in Asian countries is also identified as long term growth driver for the market.
In terms of revenue and volume, bakery was the largest application of flour market in 2016
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Regional Overview
By region, the global flour market has been segmented into five regions; North America, Europe, Asia Pacific (APAC), Middle-East & Africa (MEA), and Latin America. In 2016, Europe occupied the largest revenue share of the market, accounting for more than 25%. The large market share can be attributed to high consumption flour based food products among consumers, lack of availability of alternatives and wide availability of bakery products.
Europe occupied the largest revenue share of the flour market
Leading Player Mapping
Some major players in the market are: Archer Daniels Midland Company (The U.S.), Associated British Foods plc (The U.K), General Mills, Inc. (The U.S.), ConAgra Foods, Inc. (The U.S.), King Arthur Flour Company, Inc. (The U.S.), Unilever (The U.K), ITC Limited (India), Hodgson Mill (The U.S.), Cargill, Inc. (The U.S.) and Bunge Limited (The U.S.) among others.
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The market has been segmented as follows:
Flour Market, by Raw Material
Flour Market, by Application
- Bakery
- Noodles and Pasta
- Biscuits, Crackers and Wafers
- Animal Feed
- Others
Flour Market, by Region:
- North America (The U.S. and Canada)
- Europe (The U.K, Germany, Italy, Scandinavia + CIS and Rest of the Europe)
- Asia Pacific (China, Japan, India, ASEAN and Rest of the Asia Pacific)
- Middle-East & Africa (MEA) (Egypt, United Arab Emirates, South Africa and Rest of the MEA)
- Latin America (Brazil, Mexico, Argentina and Rest of the Latin America)
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