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FLOUR MARKET ANALYSIS

Flour Market, by Product Type (Wheat Flour, Rice Flour, Oat Flour, Maize, Rye Flour, and Others), by Application (Food, Feed, and Others), and by Technology (Dry Technology and Wet Technology) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

  • To Be Published : Dec 2024
  • Code : CMI1425
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Regional Analysis

  • In 2016, Europe held major share in global flour market and is estimated to uphold its supremacy over the forecast period. Increasing consumption of bakery products and growing demand for different types of flour from restaurants, cafes, and others are expected to accelerate growth of flour market in this region. According to NABIM (National Association of British and Irish Millers), UK flour milling industry’s annual revenue was around US$ 1.73 billion in 2017. According to European Millers Association, around 30% of flour is used by bakeries, followed by 14% biscuit and rusk manufacturers.
  • Increasing demand for flour from bakery and other industries is driving the flour market in North America. According to Government of Canada, total revenue from bread and bakery products in Canada in 2014 was US$ 6.5 billion, which increased to US$ 6.8 billion in 2015. Furthermore, market players are launching new products to cater the growing demand for flour in food industry. For instance, in April 2014, CF Global Holdings (CFG) launched Coffee Flour, an innovative flour derived from coffee cherries.
  • Asia Pacific is a lucrative flour market, owing to significant demand for flour from food industry. According to the National Restaurant Association of India (NRAI), food services industry in India is expected to reach US$ 68.16 billion by 2018. Furthermore, wide availability of raw materials such as grains is propelling growth of flour market in this region. For instance, according to Food and Agriculture Organization, China is the largest producer of wheat and rice globally in 2015-2016. China produced around 192 million tons of rice and 109 million tons of wheat in 2015-2016.
  • Regional InsightsNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

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