The global commercial flour market size is predicted to be worth around US$ 67 billion by 2030 and anticipated to grow at a CAGR of 3% during the forecast period 2021 to 2030.
The global commercial flour market is majorly restrained by the price volatility of grains affected due to changing climatic conditions that hamper overall production. As competition intensifies in the sector with price wars among leading players, industry players are expected to improve the efficiency of their value chain, from inbound logistics to distribution and, to a large extent, marketing and export of products.
Expanding demand for gluten-free foods and increasing per capita food consumption in developing countries are the primary drivers leading the global commercial flour market during the forecast period. Rising demand for convenience foods, innovation in packaging, and food preferences of expanding young population are also expected to provide traction to market growth in near future.
Drivers & Restraints:
Rising health concerns among people and increasing need for gluten-free diets are facilitating the demand for commercial flour. As rice and corn flour are naturally gluten-free products, consumers are expected to sustain consumption of these two products in near future. People in North America and Europe have been preferring pregelatinized flour or gluten-free flour over others due to the rising health concerns. Increasing sensitiveness for gluten-free flour, such as white rice flour and corn flour, are driving the market and are being increasingly used in flour-based products. Growing demand for these products is influencing the growth of the flour market, and is expected to continue over the estimated time period.
Besides price volatility of grains due to uncertain climatic conditions, there are some other restraints that are potentially restricting the growth of the commercial flour market. Irregularities in climate and seasonal variations affect crops due to critical and uneven rainfall patterns. A reduction in rainfall also adversely affects the agricultural yields in many regions, which results in variations in input as well as output prices. There have been variations in the cost of energy, chemicals, and fertilizers. These fluctuations lead to a volatility in the prices of crops. Increased volatility is the structural issue for which players must find operational responses to secure margins in the long term. In 2017, the prices of wheat was up nearly 6% due to heavy rainfall in the Midwest region of the U.S.
Soaring Demand for Food Products Made of Quality Flour to Boost Market
Wheat is the most common and widely produced cereal in the globe. Wheat flours are extensively used as a crucial ingredient in the making of bakery items, bread, and crispy coating of fast food and fried food. Wheat flour is also widely used in making several mouthwatering food items include burgers, donuts, fried meat, and cakes. Growing demand for quality flour among consumers and rapidly changing lifestyles of consumers from traditional to modern are the factors majorly driving the global commercial flour market. Along with this, rising health concerns for consuming high-protein flour and growing consumers’ inclination towards gluten-free flour alternatives are also provide an impetus to the growth of the global commercial flour market.
Furthermore, rapidly changing consumers’ preference towards tasty foods and rising sales of confectionary and bakery products are also boosting the global commercial flour market. Apart from this, increasing demand for convenience food products and growing advanced retail platforms such as food shopping centers and supermarkets for selling various food items are also propelling expansion in the global commercial flour market.
Versatility in Products’ Costs May Hinder Market’s Growth
Rapid emergence of instant food products has reduced the utilization of natural flour. Along with this, variance in costs and low accessibility of crude materials are another factors hindering the growth of the global commercial flour market. Nonetheless, persistent demand for tasty and crispy food and mushrooming food industry worldwide is believed to help overcome such challenges in the near future.
By product type, the wheat flour segment is likely to be the most attractive segment in the forecast period on the backdrop of the rising consumer demands in wheat flour related food. The wheat flour segment is estimated to account for a significant revenue share of 93% in 2020 and is expected to register significant growth rate during the forecast period.
On the basis of source type, the organic flour segment is estimated to account for a significant revenue share increase of 1.9% in 2020 and is expected to register significant growth rate during the forecast period.
On the basis of end use, the Flour market is segmented into HORECA and food industry. The food industry segments, the market is anticipated to occupy the largest market share of 57% in 2020.
On the basis of region, the markets in APAC and Europe are expected to dominate over the forecast period, followed by North America. An extensive consumer base has been developed in APAC for bakery products. Europe is expected to become a prominent player by the end of the forecast period with a significant CAGR attributed to increasing per capita consumption of commercial flour in the region.
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global commercial flour market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
Some of the major companies operating in the global commercial flour market are Cargill Inc., ARDENT MILLS LLC, Archer Daniels Midland Company, ConAgra Foods, Inc., General Mills, Inc., Riviana Foods Inc, Bob's Red Mill Natural Foods, Inc., Bay State Milling Company, Bartlett and Company, The Mennel Milling Company, Hodgson Mill, King Arthur Flour Company, Inc, Ingredion Incorporated, Bunge Limited, The Hain Celestial Group, Grain Craft, Inc, Miller Milling Company, The White Lily Foods Company, Wheat Montana and North Dakota Mill.
This report focuses on commercial flour market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall commercial flour market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global commercial flour market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global commercial flour market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the commercial flour market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of commercial flour are as follows:
The research methodology adopted by analysts for compiling the global commercial flour market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global commercial flour market.
The study objectives of this report are:
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