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
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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)
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