Flour Market Size is Set to Grow at a Remarkable Pace in the Coming Years

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Flour Market Size is Set to Grow at a Remarkable
Pace in the Coming Years
Opportunities and Forecasts, 2014- 2022
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INTRODUCTION
Flour Market report, published by Allied Market
Research, forecasts that the global market is
expected to garner 270,895 million by 2022,
growing at a CAGR of 4.4 during the period 2016
- 2022. The wheat segment dominated this market,
occupying more than three-fourths of the total
share of revenue in 2015. Rise in health
concerns for high-protein flour provides impetus
for product innovation in alternatives such as
rice flour, maize flour, corn flour, and soya
flour. Owing to the urbanization and modern
lifestyle, the demand for flour-based foods has
boomed the market. Expansion of commercial
farmlands and growth of aquatic feed industry in
Asia-Pacific have raised the application of flour
in animal husbandry. Growth in the global
population and rise in per capita income are two
major drivers of the market. Furthermore,
increase in average selling price of flour in
most of the countries has positively impacted the
growth in the market.
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AERIAL IMAGING
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The growth in population coupled with per
capita income has increased the demand for flour,
which has further raised the production of
flour. Change from traditional to urban and
modern lifestyles of consumers has increased the
demand for various types of flours in the
preparation of fast foods items. Moreover, rise
in health concerns for high-protein flour
provides an impetus for flour millers to produce
gluten-free flour alternatives. Change in taste
and preference of consumers as well as dietary
concerns for manufacturers to develop
differentiated products have impacted the overall
sales. Owing to improper warehousing influences,
the flour industry faces major problems in the
form of contamination of the food grains.
Expansion of commercial farmlands and growth of
aquatic feed industry in Asia-Pacific impact the
application of flour in the form of animal feed.
OVERVIEW
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The study provides an in-depth analysis of
the flour market with key drivers, restraints,
and opportunities with impact analysis to
elucidate the imminent investment pockets.
Current and future trends are outlined to
determine the overall flour market potential and
single out profitable trends to gain a stronger
foothold. Extensive analysis is conducted by
following key product positioning and monitoring
the top competitors within the market
framework. Quantitative analysis of the
current market and future estimations through
2014-2022 are provided to showcase the financial
competency of the market. Key players are
profiled and their strategies are analyzed
thoroughly, which helps in understanding
competitive outlook of the global market. Check
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1803
KEY BENEFITS
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Breakdown of Primary Respondents
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Europe accounted for the largest share in the
market, owing to increase in inclination of
consumers towards bread bakery products.
Asia-Pacific is further expected to account for
the second largest share, attributed to growth in
population as well as rise in trend among
youngsters following western food habits and food
products. It is expected to register a
significant growth rate over the forecast
period. Key players operating in the global
flour market focus on acquiring local players to
strengthen their market reach as well as to
expand their customer base. Major companies
profiled in the report include Ardent Mills
Canada, Archer Daniels Midland Company,
Associated British Foods plc, ConAgra Foods,
Inc., General Mills Inc., Hindustan Unilever
Limited, Hodgson Mill., ITC Limited, King Arthur
Flour Company, Inc., White Wings, and Willmar
International. Need More Information Enquire
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KEY PLAYERS
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TOP INVESTMENT POCKETS
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