The flour market is being aided by the increased demand for food due to the rising world population. Flour, a key ingredient for making bread, is a staple in numerous Asian, European, African, and American countries. The market is further stimulated by the health benefits linked to wheat flour, including cholesterol reduction, enhanced metabolism, and obesity control.
The increased demand for wheat flour is linked to the thriving global food and beverage industry. The consumption of ready-to-eat and fast foods, as well as bakery products, is driving the need for flour in the production of items like cakes, pastries, pizzas, doughnuts, burgers, and pasta. The global flour market is further influenced by the expanding presence of quick-service restaurants and changing consumer preferences.
The market players are focusing on acquisitions and mergers to strengthen their market position, improve production capabilities, and expand their portfolio. In July 2023, Archer Daniels Midland Company (NYSE: ADM) completed the acquisition of Prairie Pulse, aiming to strengthen its presence in Canada's pulse market. Prairie Pulse owns a pulse crop facility in Vanscoy, Saskatchewan, Canada, with capabilities for cleaning, milling, and packaging.
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Market Breakup by Type, Form, Application, and Region:
- The market is segmented based on type into wheat, maize, rice, oats, and others.
- On the basis of form, the market is bifurcated into wet and dry.
- Based on application, the market is categorised into food application, animal feed, non-food application, and others.
- Region-wise, the global market for flour can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- Increasing urbanisation and changing lifestyles have led to a rising demand for convenient food. As urban areas expand, many people face busy schedules with little time to cook. This shift highlights the importance of easily accessible, ready-to-eat food, with a focus on products based on wheat flour.
- The market is driven by population growth, as the expanding global population adds to the demand for and consumption of food. This demographic increase is accompanied by a noteworthy shift in dietary preferences.
- Significant shifts in consumer purchasing behaviour have led to a preference for healthier food choices that support overall well-being. The popularity of clean-label and whole-grain products presents opportunities for food manufacturers to create innovative grain-based products.
- The growing consumer demand for baked goods globally is driven by rising discretionary incomes in developing regions like the Asia Pacific and the Middle East and Africa. Innovative bakery snacks are in high demand, and the trend of dining out at cafes, restaurants, and hotels contributes to the demand for wheat-based flour.
Key Offerings of the Report:
- The EMR report gives an overview of the global flour market for the periods (2018-2023) and (2024-2032).
- The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, form, application, and major regions of flour.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.
The major players in the flour market are Archer Daniels Midland Company, Ardent Mills LLC, ABF Grain Products Limited (Allied Bakeries), and General Mills, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Key Highlights of the Report
| REPORT FEATURES |
DETAILS |
| Base Year |
2023 |
| Historical Period |
2018-2023 |
| Forecast Period |
2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
- Type
- Form
- Application
- Region
|
| Breakup by Type |
- Wheat
- Maize
- Rice
- Oats
- Others
|
| Breakup by Form |
|
| Breakup by Application |
- Food Application
- Animal Feed
- Non-Food Application
- Others
|
| Breakup by Region |
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
|
| Market Dynamics |
- SWOT Analysis
- Porter's Five Forces Analysis
- Key Indicators for Demand
- Key Indicators for Price
|
| Competitive Landscape |
- Market Structure
- Company Profiles
- Company Overview
- Product Portfolio
- Demographic Reach and Achievements
- Certifications
|
| Companies Covered |
- Archer Daniels Midland Company
- Ardent Mills LLC
- ABF Grain Products Limited (Allied Bakeries)
- General Mills, Inc.
- Others
|
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