Flour Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Flour Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

According to Renub Research, the Global Flour Market is foreseen to be valued at US$ 227.01 Billion by 2030. Internationally, flour is a vital component of human diets. It is a critical factor in many conventional and modern dishes, making it ubiquitous. The massive use of flour highlights the enterprise's reach and impact on an international scale. This enterprise supports agriculture, milling, flour packaging, transportation, and wholesale agencies and contributes considerably to local and worldwide economies.

Global Flour Market is forecasted to expand at a CAGR of 4.52% between 2024 and 2030

The purchasers' increasing consciousness of wholesome diets propels the boom in the global flour market. People now pick healthy alternatives like no-seed oils, protein pasta, and gluten-free flour. Health attention is gaining a reputation for whole-grain, almond, and coconut flour. Furthermore, the demand for artisanal and specialty flours contributes to the flour market boom. This demand is pushed through the emergence of artisan bakeries and chefs searching for precise ingredients like ancient grains and heirloom wheat types to enhance the quality of their creations.

Besides, packaging innovation drives the enlargement of the global flour market, with a growing emphasis on green wholesale food packaging answers like compostable or recyclable substances gaining momentum. Aligning packaging alternatives with sustainability needs can provide a competitive edge. Furthermore, easy labeling and transparency increase the flour market's popularity as purchasers search for precise and easy ingredient lists. Embracing clean labeling practices can capitalize on this trend efficiently. So, the Global Flour Market was worth US$ 166.59 Billion in 2023.

The Asia-Pacific flour market holds the highest revenue proportion globally. The location gains from its high rice, wheat, chickpea, and maize manufacturing, which serve as abundant raw materials for the flour manufacturing enterprise. Moreover, dietary choices, specifically the superiority of vegetarianism in nations like India, contribute to the expanded demand for flour-based products like bread and roti.

It is possible that maize could maintain a significant share of the global flour market

The global flour market is fragmented by raw materials into wheat, maize, rice, and others. Maize could retain a considerable percentage of the international flour market. This is especially because of its versatility, affordability, and huge cultivation. Its applications range from staple meals like cornbread and tortillas to business uses, such as animal feed and ethanol manufacturing, catering to various consumer and business needs.

The global flour market seems to have an increasing demand for noodles and pasta

The global flour market is organized by application into Noodles and Pasta, Bread and Bakery Products, Wafers, Crackers and Biscuits, Animal Feed, Non-Food Applications, and Others. Noodles and pasta might be experiencing growing demand in the global flour market. This is due to their convenience, versatility, and popularity across numerous cuisines. As patron preferences for handy meal options increase and global pasta consumption grows, the need for flour used in noodle and pasta production is anticipated to increase correspondingly.

Online stores will likely expand their reach in the worldwide flour market

The global flour market is classified into supermarkets, hypermarkets, online stores, and others based on sales channels. Online stores will probably extend their presence in the global flour market to capitalize on the ease and accessibility offered to customers. With the increasing popularity of online purchasing, entering the flour market segment provides tremendous growth opportunities.

China may have a considerable share in the global flour market

The global flour market is compartmentalized by country into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). China could have a sizable presence in the global flour market. This is because of its population boom, driving demand for staple meals like noodles, dumplings, and steamed buns. Expanding middle-class demand for processed meals and bakery products, in addition, boosts flour demands. Government guidelines for agricultural modernization and strategic investments in cultivation technology enhance China's self-sufficiency and competitiveness. At the same time, its international trade presence ensures that the market affects strategic flexibility, shaping international flour dynamics.

Key Players

Eight major companies dominate the global flour market. General Mills, Inc., Archer Daniels Midland Company, Conagra Foods Inc., Associated British Foods Plc., Cargill, Incorporated, King Arthur Flour Company, ITC Ltd, Hindustan Unilever Ltd.

Raw Material – Global Flour Market breakup in 4 viewpoints:

1. Wheat
2. Maize
3. Rice
4. Others

Application – Global Flour Market breakup in 6 viewpoints:

1. Pasta
2. Bread and Bakery Products
3. Wafers, Crackers and Biscuits
4. Animal Feed
5. Non-Food Application
6. Others

Sales Channel – Global Flour Market breakup in 5 viewpoints:

1. Supermarkets
2. Hypermarkets
3. Online Stores
4. Others

Country – Global Flour Market of 25 Countries Covered in the Report:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

1. King Arthur Flour Company
2. Associated British Foods Plc.
3. Hindustan Unilever Ltd
4. Archer Daniels Midland Company
5. Conagra Foods Inc.
6. Cargill, Incorporated
7. ITC Ltd
8. General Mills, Inc.