According to a new market report
published by Transparency Market Research Flour Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2020,” market was valued at USD 182.66 billion in 2013, which is
expected to reach USD 245.82 billion by 2020, growing at a CAGR of
4.3% from 2014 to 2020. By volume, global flour market is expected to
grow at a CAGR of 3.8% during the forecast period from 2014 to 2020
to reach a market size of 183,100.0 Kilo Ton by 2020. In 2013, volume
of the market was 141,001.3 Kilo Ton.
Browse the full Flour Market
- Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report
at
http://www.transparencymarketresearch.com/flour-market.html
Increasing demand for bread and
bakery products and convenience staple food is the major factor
driving the flour market globally. Flour is fine and coarse powder
processed from agricultural crops which include maize, rice, wheat
and rye among others. Flour is processed by purifying, conditioning,
grinding, blending, extracting and drying cereals, seeds and roots.
In terms of applications, flour is used in different food items such
as noodles and pasta, pet food, wafers, biscuits, crackers,
biomaterials, bread and bakery products. With the rise in per capita
income and increasing awareness towards convenience food staples,
demand for bread and bakery products has increased in recent years.
Rising consumer awareness towards low protein gluten free food items
is positively driving the consumption of non wheat flours (rye, corn
and rice) in the form of gluten free food items. Expansion of aquatic
feed industry in Asia Pacific has increased the flour consumption in
the form of animal feed. These factors are considered to positively
drive the growth of flour market during the forecast period, i.e.,
from 2014 to 2020.
The global flour market, by
application is divided into six application segments: noodles and
pasta, bread and bakery products, wafers, crackers and biscuits,
animal feed (including pet food), non food application (including
bioplastics, biomaterials, and glue), and others (including roux and
baby food). Both by revenue and volume, bread and bakery products
were the largest contributor in global flour market in 2013,
accounting for a market share of 38.73% and 35.61% respectively.
Generally, wheat flour is being used as principal ingredient for
bread and bakery products. With the rise of per capita income and
increasing awareness towards convenience food staples, demand for
bread and bakery products has increased in recent years. Growth in
consumption of bread and bakery products is triggered by factors such
as increase in penetration of fast food industry in Asia Pacific and
rising demand for convenience food due to lifestyle up gradation.
The global flour market has been
segmented into four broad regions: North America, Europe, Asia
Pacific and RoW. By volume, Asia Pacific contributed the largest
market share in 2013, accounting for 37.32% of the overall market.
Low average selling price of flour and high population density are
key volume growth driver for Asia Pacific flour market. By revenue,
Europe contributed the largest market share in 2013, accounting for
32.32% of the overall market. High per capita consumption of flour in
the form of bread and bakery products and increase in average selling
price of flour are key revenue growth drivers for Europe flour
market.
Some of the leading players in
the market are Ardent Mills Canada (Canada), Archer Daniels Midland
Company (U.S.), Associated British Foods plc (United Kingdom),
ConAgra Foods, Inc. (U.S.), General Mills Inc (U.S.), King Arthur
Flour Company, Inc. (U.S.), Hindustan Unilever Limited (India),
Hodgson Mill., ITC Limited (U.S.), White Wings (Australia) and Wilmar
International Limited (Singapore) among others. The report studies
the global flour market and provides estimates in terms of revenue
(USD Billion) and volume (Kilo Ton) from 2014 to 2020. The scope of
the report includes competitive analysis of various market segments
based on the raw material, technology and applications and in-depth
cross sectional scrutiny of the flour market across different
geographic segments.
flour-market
Request a Brochure of this
Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=2069
The market has been segmented as
follows:
Flour market, by raw material:
Maize (Including corn flour)
Rice
Wheat (Including durum flour)
Others (Including oat flour, rye
flour, etc.)
Flour market, by Application:
Noodles and pasta
Bread and bakery products
Wafers, crackers and biscuits
Animal feed (Including pet food)
Non food application (Including
bioplastics, biomaterials, glue, etc.)
Others (Including roux, baby
food, etc.)
Flour market, by Technology:
Dry technology
Wet technology
Flour market, by geography: The
market is segmented on the basis of geography into:
North America
Europe
Asia Pacific
Rest of the World (Latin
America, Middle East and Africa)
About Us
Transparency Market Research
(TMR) is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. TMR’s experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather and analyze information.
Our data repository is
continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
Contact
Mr. Nachiket
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free:
866-552-3453
No comments:
Post a Comment