Title: Flour Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
1Flour Market - Global Industry Insight, Trends,
Outlook, and Opportunity Analysis 2018-2026
2 REPORT DESCRIPTION
Flour Market Overview
Flour is a fine powder obtained by milling and
sifting starchy food grains such as wheat, rice,
corn, rye, and others. Flour is used in the
preparation of many food items such as bread,
biscuits, cakes, pies, pastries, noodles, pasta,
and others. Increasing demand for flour from fast
food and processed food industry along with
growth in food industry is driving the flour
market. For instance, according to India Brand
Equity Foundation (IBEF), food processing
industry in India is estimated to reach US 482
billion over the forecast period. Increasing use
of flour in bread and bakery products, and wide
availability of raw materials is propelling the
growth of flour market. According to Food and
Agriculture Organization (FAO), global wheat
production in 2015-2016 was 735.2 million tons,
which increased to 761.3 million tons in
2016-2017. Furthermore, launch of innovative
products such as flours fortified with nutrients
is fueling the growth of flour market. For
instance, Bay State Milling Company launched
HealthSens high fiber wheat flour, which was
derived from wheat with high amylose content in
June 2017. However, increasing consumption of
gluten free products, owing to gluten intolerance
and celiac disease along with health benefits of
gluten free diet such as weight loss are the
factors restraining growth of global flour
market. According to Canada Celiac Association,
around 22 of Canadians avoided gluten and around
6 of Canadians suffered from gluten sensitivity
in 2013. This is increasing the demand for
gluten-free flour such as rice flour.
3REPORT DESCRIPTION
- Flour Market Taxonomy
- Based on product type, flour market is segmented
into - Wheat flour
- Rice flour
- Oat flour
- Maize flour
- Rye flour
- Based on application, flour market is segmented
into - Food
- Noodles and Pasta
- Sweets and Desserts
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4REPORT DESCRIPTION
Flour Market Regional Insights Asia Pacific is
a lucrative flour market, owing to significant
demand for flour from food industry. According to
the National Restaurant Association of India
(NRAI), food services industry in India is
expected to reach US 68.16 billion by 2018.
Furthermore, wide availability of raw materials
such as grains is propelling growth of flour
market in this region. For instance, according to
Food and Agriculture Organization, China is the
largest producer of wheat and rice globally in
2015-2016. China produced around 192 million tons
of rice and 109 million tons of wheat in
2015-2016. Companies operating in the global
flour market are adopting different strategies
such as joint ventures, merger and acquisitions,
and new product launches for the expansion of
business. For instance, Kuantan Flour Mills Bhd
collaborated with Shou Guang Chang Tai Economic
and Trade Co Ltd for the expansion of premix and
starch flour business in China in February
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