Flour Market
Flour Market Share & Trends Analysis, By Sources (Wheat, Rice, Others), By Application (Bread and Bakery Products, Pasta and Noodles, Others), By Sales Channel (Direct, Indirect) & By Region Forecast, 2022 to 2032
Analysis of Flour Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Flour Market Outlook (2022 to 2032)
The robustly growing world population is creating a huge demand in the food and beverage sector. There is increasing demand for processed food due to the growing urban population as well as an increase in the working population across the globe.
Cereal-based foods are a staple food for the majority of the population across the world. These foods are made from grains like wheat, rice, maize, barley, sorghum, millet, etc. Most products containing cereals are made from grain flour. Flour is nothing but powder made by grinding grains, and is used to make a variety of food products. Flour is used to make products like bread, which is a staple in many regions.
The worldwide size of the flour market is USD 165.69 Billion in 2022. The market is estimated to cross a valuation of USD 238.28 Billion by end of 2032. The market is likely to grow with a CAGR of 3.7% for the forecast period.
Wheat flour is an important ingredient in the diet of European, Indian, North American, Middle Eastern, South American, and some African cultures. With an increase in demand and the introduction of newer products made of flour from various grains, the flour market is expected to rise during the forecast period.
| Report Attributes | Details |
|---|---|
| Flour Market Size (2022 A) | USD 165.69 Billion |
| Base Year for Estimation | 2022 |
| Forecast duration for this research | 2022 to 2032 |
| Forecasted Market value (2032 F) | USD 238.28 Billion |
| Global Market Growth rate (2022 to 2032 E) | CAGR of 3.7% |
| Key Companies Profiled | King Arthur Flour Company Inc.; Hindustan Unilever; Cargill; ConAgra Foods; Archer Daniels Midland Co.; Ardent Mills; General Mills; Hodgson Mills; Grain Millers Inc.; Interflour Group Pte Ltd.; Grain Craft. |
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What are the drivers of growth in the flour market?
The global flour market is expected to rise in the near future with the continuous increase in applications and the introduction of innovative products. The rise in the consumption of fast food, the continuous increase in the global population, and increased spending on food due to the rise in per capita income are some of the major drivers of the global flour market.
The increase in consumption of ready-to-consume food and bakery products, the shift in the taste of the millennial generation, and the increased tendency to try new food products are some secondary factors that are driving the flour market.
There is an increasing demand for fortified and healthy food products, with increased value especially from developed countries, thus leading to a rise in the demand for value-added flours. The introduction of gluten-free flour products has boosted the flour market among the gluten-intolerant and a rising number of health-concerned consumers. The rise in the demand for gluten-free products has increased the demand for rice, maize, corn, and soya flours. The introduction of flour with high protein content is catching the eyes of consumers.
The launch of flour with various and diverse flavors and their innovation in the bakery and food industries are snowballing the global flour market. The increasing use of roux and baby food has boosted the fortified flour market in recent years.
An increasing number of people with pets has increased the pet food industry, ultimately having a positive impact on the flour market. Some of the non-food-based applications of flour, like bio-plastic and glue production are also stimulating the global flour market. Thus, with increasing demand and a variety of applications, the global flour market is expected to increase positively in terms of value and volume during the forecast period.
Opportunities in Global Flour Markets
The global flour market is rapidly growing with a large number of opportunities for market participants. The increased demand for flour with new and tastier as well as healthier aspects has forced manufacturers into investing in R&D and launching new products.
The increasing and popular 'move to organic' trend has created opportunities for manufacturers to produce organic products and boost demand. The introduction of e-Commerce has boosted sales and created opportunities for new players in the flour market to directly reach consumers.
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Segment Wise insights
“The bread and Bakery segment is likely to dominate in market share on the basis of end-user”
Bread and bakery products dominate the demand for flour. The major share of demand in bakery products is driven by wheat and refined wheat flour for cakes and slices of bread. There is surging demand for bread across almost all regions in the world which positively impacts wheat flour in the flour market.
The higher gluten content in wheat flour indulgent bread baking which fosters demand for flour across all regions. Indulgent food options such as cookies and wheat-based pastries are likely to gain demand in the forecast period.
“Refined Wheat Flour to hold a major share”
On the basis of types of flour, the refined wheat flour segment has a major share in the market owing to higher consumer demand. The market is divided into whole and refined wheat flour globally, out of which refined flour gained preference due to applications in bakery and noodles pasts making. There is a rising perception by people about wheat flour consumption is considered as healthy and tends to increase global market growth in flour markets.
Regional Insights
Asia Pacific is expected to dominate the flour market during the forecast period. There is triggering demand for flour and its products with an increasing population base, rising consumption of bakery and fast food, and increasing urbanization and disposable income.
The European region is supposed to have lucrative opportunities in the flour market during the forecast period with the rise in the production of grains, especially wheat, as well as an increase in the consumption of bread and bakery products. North America is a mature market in processed foods and is expected to grow at a steady rate.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, type, application, and end-use.
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Recent developments
- In 2021, leading Indian firm Parle announced the launch of own the brand’s wheat flour in the market
- In 2019, GoodMills Innovations GmbH launched a variety of fine-ground wheat compounds called as High-Mac. The product is gaining popularity and widely being adopted due to easy metabolism by the intestine bacteria.
Global Flour Market Segmentation
-
By Source:
- Wheat
- Rice
- Maize
- Oats
- Others
-
By Technology :
- Dry Technology
- Wet Technology
-
By Application :
- Bread and Bakery Products
- Pasta and Noodles
- Snacks
- Baby Food
- Animal Feed
- Others
-
By Sales channels :
- Direct
- Indirect
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- e-Retail
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific
- Japan
- Middle East and Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Source
- 6.2. Technology
- 6.3. Application
- 6.4. Sales Channels
- 7. Global Market Analysis and Forecast, By Source
- 7.1. Wheat
- 7.2. Rice
- 7.3. Maize
- 7.4. Oats
- 7.5. Others
- 8. Global Market Analysis and Forecast, By Technology
- 8.1. Dry Technology
- 8.2. Wet Technology
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Bread and Bakery Products
- 9.2. Pasta and Noodles
- 9.3. Snacks
- 9.4. Baby Food
- 9.5. Animal Feed
- 9.6. Others
- 10. Global Market Analysis and Forecast, By Sales Channels
- 10.1. Direct
- 10.2. Indirect
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. Asia Pacific
- 11.6. East Asia
- 11.7. MEA
- 12. North America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Source, Technology, Application, and Sales Channels for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. King Arthur Flour Company Inc.
- 21.2. Hindustan Unilever
- 21.3. Cargill
- 21.4. ConAgra Foods
- 21.5. Archer Daniels Midland Co.
- 21.6. Ardent Mills
- 21.7. General Mills
- 21.8. Hodgson Mills
- 21.9. Grain Millers Inc.
- 21.10. Interflour Group Pte Ltd.
- 21.11. Grain Craft
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List Of Table
Table 1: Global Market US$ Bn Forecast by Region
Table 2: Global Market US$ Bn Forecast by Source
Table 3: Global Market US$ Bn Forecast by Technology
Table 4: Global Market US$ Bn Forecast by Application
Table 5: Global Market US$ Bn Forecast by Sales Channels
Table 6: North America Market US$ Bn Forecast by Country
Table 7: North America Market US$ Bn Forecast by Source
Table 8: North America Market US$ Bn Forecast by Technology
Table 9: North America Market US$ Bn Forecast by Application
Table 10: North America Market US$ Bn Forecast by Sales Channels
Table 11: Latin America Market US$ Bn Forecast by Country
Table 12: Latin America Market US$ Bn Forecast by Source
Table 13: Latin America Market US$ Bn Forecast by Technology
Table 14: Latin America Market US$ Bn Forecast by Application
Table 15: Latin America Market US$ Bn Forecast by Sales Channels
Table 16: Western Europe Market US$ Bn Forecast by Country
Table 17: Western Europe Market US$ Bn Forecast by Source
Table 18: Western Europe Market US$ Bn Forecast by Technology
Table 19: Western Europe Market US$ Bn Forecast by Application
Table 20: Western Europe Market US$ Bn Forecast by Sales Channels
Table 21: Eastern Europe Market US$ Bn Forecast by Country
Table 22: Eastern Europe Market US$ Bn Forecast by Source
Table 23: Eastern Europe Market US$ Bn Forecast by Technology
Table 24: Eastern Europe Market US$ Bn Forecast by Application
Table 25: Eastern Europe Market US$ Bn Forecast by Sales Channels
Table 26: Asia Pacific Market US$ Bn Forecast by Country
Table 27: Asia Pacific Market US$ Bn Forecast by Source
Table 28: Asia Pacific Market US$ Bn Forecast by Technology
Table 29: Asia Pacific Market US$ Bn Forecast by Application
Table 30: Asia Pacific Market US$ Bn Forecast by Sales Channels
Table 31: East Asia Market US$ Bn Forecast by Country
Table 32: East Asia Market US$ Bn Forecast by Source
Table 33: East Asia Market US$ Bn Forecast by Technology
Table 34: East Asia Market US$ Bn Forecast by Application
Table 35: East Asia Market US$ Bn Forecast by Sales Channels
Table 36: MEA Market US$ Bn Forecast by Country
Table 37: MEA Market US$ Bn Forecast by Source
Table 38: MEA Market US$ Bn Forecast by Technology
Table 39: MEA Market US$ Bn Forecast by Application
Table 40: MEA Market US$ Bn Forecast by Sales Channels
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 26: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 27: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 28: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 29: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 30: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Source
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Technology
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are key factors driving the growth of flour market?
The global flour market is expected to rise in the near future with the continuous increase in applications and the introduction of innovative products.
What is the future forecast for the flour market?
The market is estimated to cross a valuation of USD 238.28 Billion by end of 2032.
What is the anticipated rate of market growth in the flour market?
The market is likely to grow with a CAGR of 3.7% for the forecast period.
How big is the flour market at present in 2022?
The worldwide size of the flour market is USD 165.69 Billion in 2022.
Who are prominent manufacturers in the flour market?
Some of the key players in the global flour market are King Arthur Flour Company Inc., Hindustan Unilever, Cargill, ConAgra Foods, Archer Daniels Midland Co., Ardent Mills, General Mills, Hodgson Mills, Grain Millers Inc., Interflour Group Pte Ltd., Grain
Flour Market