Flour Market, Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Flour is a fine powder obtained by milling and sifting starchy food grains such as wheat, rice, corn, rye, and others. Flour is used in the preparation of many food items such as bread, biscuits, cakes, pies, pastries, noodles,pasta, and others. Increasing demand for flour from fast food and processed food industry along with growth in food industry is driving the flour market. For instance, according to India Brand Equity Foundation (IBEF), food processing industry in India is estimated to reach US$ 482 billion over the forecast period. Increasing use of flour in bread and bakery products, and wide availability of raw materials is propelling the growth of flour market. According to Food and Agriculture Organization (FAO), global wheat production in 2015-2016 was 735.2 million tons, which increased to 761.3 million tons in 2016-2017.

Flour Market Taxonomy

Based on product type, flour market is segmented into

• Wheat flour

• Rice flour

• Oat flour

• Maize flour

• Rye flour

• Others

Based on application, flour market is segmented into

• Food

  • Noodles and Pasta

  • Sweets and Desserts

  • Bread

• Feed

• Others

Based on technology, flour market is segmented into

• Dry technology

• Wet technology

Request Copy Of This Business Report:https://www.coherentmarketinsights.com/market-insight/flour-market-1425

Flour market Outlook

• 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.

• 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.

Major Keyplayers: Ardent Mills, LLC, Conagra Brands, Inc., Archer Daniels Midland Co., General Mills Inc., Willmar International Limited, Associated British Foods plc, Hindustan Unilever Limited, ITC Limited, Hayden Flour Mills. LLC, and Grain Craft, Inc. among others.

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact:

Coherent Market Insights

1001 4th Ave, #3200 Seattle, WA 98154, U.S.

Email: sales@coherentmarketinsights.com

United States of America: +1-206-701-6702

United Kingdom: +44-020-8133-4027

Japan: +050-5539-1737

India: +91-848-285-0837

Contact Us: Name: Mr. Shah Phone: US +12067016702 / UK +4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs:https://blog.coherentmarketinsights.com