Flour Market

Flour Market Outlook (2022-2032)

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	2022-2032
Forecasted Market value (2032 F)	USD 238.28 Billion
Global Market Growth rate (2022-2032 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.

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.

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.

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