Flour Market to Surpass $ 270 Billion by 2022
Extensive use of flour in processed food products, availability of a
wide variety of flours offering different health benefits coupled with rising
awareness about organic flour are expected to augment flour consumption through
2022
According to TechSci Research report, “Global Flour Market By Type, By Application, By Region, Competition
Forecast & Opportunities, 2012 - 2022”, the global flour
market is forecast to surpass $ 270 billion by 2022. Anticipated growth in the
market can be attributed to rising disposable income, increasing visibility and
accessibility of different flour types, rising sales through online
channels, increasingly aggressive marketing strategies being
adopted by leading flour companies, coupled with changing consumer preferences towards
healthy wheat flour due to increasing lifestyle diseases across developed as
well as developing economies. Over the last
few years, growth in the global flour market has also been witnessed due to the
growing consumer awareness about the importance of consuming gluten free cereals
in everyday diet for overall wellbeing.
Browse 142 market
data Figures spread through 170 Pages and an in-depth TOC on "Global
Flour Market"
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On the basis
of type, global flour market can be broadly categorized into maize, wheat and
rice. Maize dominates the global flour market with a share of more than 40% in
2016, and the segment is expected to maintain its dominance during the forecast
period as well, predominantly on the back of health benefits associated with maize.
Flour is used across various applications such as bread & bakery products, noodles
& pasta, animal feed, wafers, crackers & biscuits and various non-food
applications. Bread & Bakery products segment dominated the market in 2016,
owing to high demand for these products as they are consumed on a daily basis
in many regions, globally. Among all the regions, Asia-Pacific grabbed the
largest share in the global flour market in 2016. This region is expected to
generate significant demand for flour and flour products in the coming years, and
thereby, anticipated to remain dominant during the forecast period as well on
account of increasing population and rising per capita income levels.
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“Extensive use of flour in bread and bakery products, rising
per capita expenditure on flour products, growing awareness of the health
benefits associated with different flours types such as maize and wheat, is
expected to contribute immensely to the growing demand for flour, globally.
Moreover, growing incidences of obesity, diabetes and other lifestyle diseases,
coupled with increasing focus on natural and organic flour products that are
free from chemicals and pesticides, would further steer growth in the global flour
market over the next five years,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Flour
Market By
Type, By Application, By Region, Competition Forecast &
Opportunities, 2012–2022” has evaluated the future growth potential of global flour market and
provides statistics and information on market structure, size, share and trends.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities available in the global flour market.
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