Unexpected Growth on Flour Market 2022 Growth with top key vendors like Ardent Mills Canada,Archer Daniels Midland Company,Associated British Foods plc

Flour is mainly obtained by grinding wheat, maize, rice, and others. Wheat is the grain most commonly used to make flour, accounting nearly 84.52% of the total content of the flour, followed by maize and rice. Wheat is a main ingredient of bread, which is a staple food for many cultures. While wheat is the most common base for flour, maize flour is important since ancient times and remains a staple in the Americas.

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Flour contains a high proportion of starch, which is a subset of complex carbohydrates, also known as polysaccharides, and is highly preferred among health-centric people. This factor would increase the demand for flour during the forecast period. Wheat is the most widely produced cereal in the world, most of which is for human consumption.

Key Players:

Ardent Mills Canada,Archer Daniels Midland Company,Associated British Foods plc,ConAgra Foods, Inc.,General Mills Inc.,Hindustan Unilever Limited,Hodgson Mill.,ITC Limited,King Arthur Flour Company, Inc.,White Wings,Willmar International.

Flours are used to make bread, bakery items, corn-based coating of fried food and fast food. Fast food restaurants show high consumption of flour as it is used in food items such as donuts, burgers, cakes, and fried meat.

The growth in population coupled with per capita income has increased the demand for flour, thus raising the flour production. The change in consumer towards urban and modern lifestyles has increased the demand for various types of flours in the preparation of fast foods items. Moreover, rise in health concerns for high-protein flour results in demand for flour millers to develop gluten-free flour alternatives. Change in taste and preference of consumers as well as dietary concerns for manufacturers to develop differentiated products have impacted the overall sales.

Owing to improper warehousing influences, the flour market faces major problems in the form of contamination of food grains. Expansion of commercial farmlands and growth of aquatic feed industry in Asia-Pacific impact the application of flour in the animal feed segment. The global flour market is anticipated to reach $270,895 million by 2022, growing at a CAGR of 4.4% between 2016 and 2022.

The global flour market is segmented based on raw material, application, technology, and geography. Based on the raw material, the market is segmented into wheat (including durum flour), rice, maize (including corn flour), and others (including oat flour and rye flour). On the basis of application, it is divided into bread & bakery products; noodles & pasta; animal feed (including pet food); wafers, crackers, & biscuits; non-food application (including bio-plastics, biomaterials, glue); and others (including roux and baby food). Based on technology, the market is bifurcated into dry technology and wet technology. Geographically, tit is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The study conducts SWOT analysis to assess the strengths and weaknesses of the key players engaged in the Flour market. Moreover, the report undertakes an elaborate examination of drivers and constraints operating in the market. The report also evaluated the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Flour market segments and regions.

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Flour industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

 

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Posted by on Monday April 27 2020, 5:00 PM EDT. All trademarks acknowledged. Filed under Beverages, Food, Food & Beverage, Food Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

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