Global Flour Market Report and Forecast 2024-2032

Global Flour Market Outlook

The global flour market attained a value of about USD 283.34 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.60% to reach nearly USD 424.71 billion by 2032.

Rising Demand for Flour from the Food and Beverage Industry is Pushing the Growth of the Market

The global market for flour is being driven by the surge in world populations and the corresponding growing demand for food. Flour is an important ingredient used for making bread, which is an essential staple food product in many Asian, European, African, and American countries around the world. The health benefits associated with wheat flour, such as lowering cholesterol levels, improving metabolism, and controlling obesity, among others, are boosting the growth of the market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

In addition to this, the surging demand for wheat flour can be associated with the flourishing food and beverage industry around the world. The rise in the consumption of ready-to-eat, fast foods, and bakery products are invigorating the demand for flour for the production of products like cakes, pastries, pizzas, doughnuts, burgers, and pasta, among others. In line with this, the growing market penetration of quick-service restaurants and the corresponding shifting consumer demands are some of the factors, which are positively impacting the market growth of flour globally.

Flour: Industry Definitions and Segmentations

Flour essentially refers to a powder obtained from grinding grains, particularly wheat, which is then used to make bread, cakes, and pastries, among other food products. Currently, wheat represents one of the most popular food ingredients used around the world.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

On the basis of type, the market can be divided into:

• Wheat
• Maize
• Rice
• Oats
• Others

The market, based on form, can be segmented into:

• Wet
• Dry

Based on application, the market can be categorised into:

• Food Application
• Animal Feed
• Non-Food Application
• Others

The EMR report looks into the regional markets of flour like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Innovations in Product Portfolio are Bolstering the Growth of the Market

The global market for flour is growing on account of expansion in product portfolio by leading market players. Due to the rising prevalence of gluten intolerance, the introduction of gluten-free flour, such as rice flour, soy flour, and maize flour, among others. In addition to this, the market growth can further be associated with the rising awareness about conscious eating and the surge in the number of health-conscious consumers. Thus, the introduction of flour with high protein content, along with the availability of vitamin-A fortified wheat flours are additional products expanding the overall growth of the market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Apart from this, the use of wheat flour for the production of bioplastics, adhesives, hair care products, and paper, among others, are some of the growth-inducing factors of the overall flour market, apart from the food applications. Hence, these are some of the factors collectively augmenting the growth of the market.

Key Industry Players in the Global Flour Market

The report presents a detailed analysis of the following key players in the global flour market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Archer Daniels Midland Company
• Ardent Mills LLC
• ABF Grain Products Limited (Allied Bakeries)
• General Mills, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report