Flour Market size is estimated to reach $308.2 Million by 2025, growing at a CAGR of 4.4% during the forecast period 2020-2025. Flour is a powder made by grinding raw grains, roots, beans, nuts, or bones. Flours are used as an ingredient in the making of different foods such as bread and bakery items. Increase in the demand for wheat flour, increase in the investment by the major companies, increase in the standard of living, changing customer preferences, increase in the demand for convenience foods and increase in the health consciousness among individuals are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.

Flour Market Segment Analysis – By Raw Material

Based on the Raw Material, the Wheat segment held the largest share in 2019. This is owing to the factors such as rapid increase in the demand for cereals, increase in awareness about the health benefits of wheat flour and increase in the demand for convenience foods. Besides, rise in the disposable income of individuals and increase in the demand for bakery products is likely to boost the market over the forecast period.

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Flour Market Segment Analysis – By Application

Based on the Application, Bakery Products segment held the largest share in 2019 owing to the factors such as increase in the investment by the major companies, growing demand for convenience foods, availability of choice of flavor, increase in the inclination towards sedentary lifestyle, increase in the product launches and innovations and increase in the disposable income of individuals.

Flour Market Segment Analysis – By Geography

Based on Geography, Asia-Pacific held the largest share in 2019. The growth in this segment is owing to the factors such as increase in the disposable income of individuals, increase in the demand for convenience foods, increase in the investment by the major companies and increase in the population. North America is estimated to be the fastest growing segment owing to the factors such as increase in the health consciousness among individuals, increase in the inclination towards taste, sedentary lifestyle and increase in product launches and innovations.

Flour Market Drivers

Increase in the demand for wheat flour and increase in the product launches and innovations

The increase in the demand for wheat flour owing to its applications is estimated to enhance the growth of Flour Market. Increase in the product launches and innovations and sedentary lifestyle are also the factors enhance the growth of Flour Market.

Increase in the investment by the major companies and increase in the demand for gluten-free products

There is a rapid increase in investment by the major companies owing to the growing demand. This led to rapid increase in the growth of Flour Market. Increase in the demand for gluten free products is also estimated to enhance the growth of the Flour Market.

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Flour Market Challenges

Lack of proper warehouse facilities and less shelf life of wheat flour

Lack of proper warehouse facilities is one of the major factors that is estimated to reduce the growth of the Flour Market. Less shelf life of wheat flour is also said to reduce the growth of the Flour Market.

Flour Market Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Flour Market. Key companies of this market are General Mills Inc, ConAgra Foods Inc, Cargill, Ardent Mills, King Arthur Flour Company, Archer Daniels and Midland Company, Associated British Foods Plc, Hindustan Unilever Limited, Hodgson Mill, ITC Limited among others.

Acquisitions/Product Launches:

In 2020, General Mills has launched Di Prim’Ordine Farina Flour, which comes in a 27.5lb bulk format and offers a high-quality untreated patent flour milled from a selected blend of domestic hard winter wheat.

In 2015, Ardent Mills has entered into an agreement to acquire Mondelez flour mills, to serve food manufacturers and nurture its customers through innovative solutions.

Related Reports :

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https://www.industryarc.com/Research/Rice-Market-Research-509581

B. Bakery Product Market

https://www.industryarc.com/Research/Bakery-Product-Market-Research-508439

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Tags: Flour Market, Flour Market Report, Flour Industry, Flour market Share, Flour Market Size, Flour top 10 companies, Flour industry outlook

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Contact Information:

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677