Flour Market Outlook The global flour market is projected to reach USD 227.01 billion by 2030, according to Renub Research. Flour is a key ingredient in various culinary applications, finely ground from grains or seeds. Its versatility makes it a staple in cuisines worldwide, serving as the base for bread, pastries, pasta, and desserts. Flour’s long shelf life and widespread availability have solidified its role in both domestic and commercial kitchens, driving its enduring popularity on a global scale.
Flour Market Growth and Key Drivers The global flour market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.52% between 2024 and 2030. This growth is driven by rising global populations and increased demand for food products like bread, a staple across many regions. Wheat flour, known for its health benefits such as lowering cholesterol and aiding metabolism, has contributed to the market’s growth.
The rising trend for organic and gluten-free products is another catalyst. Health-conscious consumers prefer organic and gluten-free flour due to its perceived health benefits, leading to increased demand despite higher production costs. The growing popularity of high-protein flour also pushes flour millers to innovate, introducing alternatives like maize flour, rice flour, soya flour, and corn flour. Asia-Pacific private flour millers are expanding production, benefiting from fewer government restrictions in the flour industry. The global flour market was valued at USD 166.59 billion in 2023.
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Factors Impacting Flour Market An important driver for the flour market is the growing demand for processed foods, with wheat flour as a crucial component. Wheat flour is central to many convenience foods, including bread, snacks, and ready-to-eat meals. As the food industry expands and economic conditions improve, customers in both developed and emerging markets are increasingly drawn to ready-to-eat packaged foods, further boosting demand for wheat flour-based products.
Wheat Flour Leads Global Flour Market By raw material, the flour market is segmented into wheat, maize, rice, and others. Wheat flour holds the largest market share due to its broad applications and high consumption. It is essential in many food products like bread, pasta, pastries, and noodles. The global demand for wheat-based foods, driven by its versatility and nutritional benefits, ensures a steady market presence.
Bread and Bakery Products as Leading Applications The global flour market can be divided into various applications: noodles and pasta, bread and bakery products, wafers, crackers and biscuits, animal feed, non-food applications, and others. Bread and bakery products are a significant segment due to their wide appeal and extensive consumption. Flour is crucial in creating these products, ensuring a consistent demand. The versatility of flour allows for a variety of baked goods, reinforcing the importance of bread and bakery applications in driving the flour market.
Supermarkets as a Key Sales Channel The flour market is also segmented by sales channel, including supermarkets, hypermarkets, online stores, and others. Supermarkets are expected to become a leading segment due to their accessibility and wide product range. These retail outlets offer consumers a convenient one-stop shopping experience, catering to different preferences. Supermarkets’ extensive distribution networks and competitive pricing attract a large customer base, further contributing to their prominence in the flour market.
United States Leading Global Flour Market By country, the flour market spans North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The United States leads the global flour market due to its extensive agricultural infrastructure and large wheat production in areas like the Great Plains. The U.S. benefits from advanced milling technology, enhancing production efficiency and product quality. The country’s robust distribution network also ensures a wide reach, making American flour a preferred choice in global markets.
Key Market Players Leading companies in the global flour market include King Arthur Flour Company, Associated British Foods Plc., Hindustan Unilever Ltd, Archer Daniels Midland Company, Conagra Foods Inc., Cargill, Inc., ITC Ltd, and General Mills, Inc. These companies focus on product innovation, customer needs, and expanding their market presence.
Recent developments in the industry include Bay State Milling Company’s launch of Wingold® Wellness multi-purpose flour and Archer Daniels Midland Company’s acquisition of Prairie Pulse Inc., doubling its pulse footprint. These strategic moves reflect the ongoing growth and evolution of the global flour market as companies seek to meet diverse consumer demands and expand their influence in this vital sector.
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