The
global
flour market is expected to benefit from factors such as rising
global population, shifting consumption choices of consumers, and
rising disposable incomes, states a recent market intelligence report
by Transparency Market Research. The report states that the market
will expand at a moderate, yet positive 3.8% CAGR from 2014 through
2020. Expanding at this rate, the market is expected to rise from a
valuation of US$182.66 bn in 2013 to US$245.82 bn by 2020.The market
is titled “Flour Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020,” and is available on the
company website for sale.
Apart
from the high demand from the mounting and economically stabilizing
global population, the global flour market will also be driven by the
rising consumption of bakery products, rising fast food industry, and
the increased demand for high protein and gluten-free varieties of
flour. The demand for gluten-free flour is expected to be a major
driver of the global flour market as the prevalence of
gluten-tolerance is on a significant rise across the globe.
Flour
milling refers to the process of producing a fine or course powder by
grinding grains, cereals, seeds, and roots, utilize either the dry or
wet technology for milling. The milling process involves a variety of
processes such as conditioning of grains, grain blending, and grain
purifying. Flour is the major ingredient of a number of recipes and
forms the core of many cuisines across the globe.
The
global flour market has been segmented on the basis of four criteria
in the report: Raw material, technology, application, and geography.
Based on raw material, the market has been examined for rice, maize,
wheat, and other varieties such as oat and rye. Technology-wise, the
market has been segmented into dry technology and wet technology.
Application-wise, the report includes analysis of sectors such as
wafers, crackers and biscuits, noodles and pasta, bread and bakery
products, animal feed, non-food applications such as glue,
biomaterial and bioplastics, and other areas such as baby food and
roux.
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Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2069
From
a geographic perspective, the flour market has been examined for Asia
Pacific, North America, Europe, and Rest of the World (RoW). Among
these, Europe dominated the global flour market in terms of revenue
in 2013. The region led the global market owing to the high per
capita consumption of a variety of flours and rising average selling
price of flour. Asia Pacific, on the other hand, dominated the global
flour market in terms of volume in the same year, owing to high
population density and decline in average selling price of flour in
the region.
The
report also gives a thorough overview of the competitive landscape of
the global flour market. Detailed business profiles, recent
developments, involvement in activities such as mergers and
acquisitions, SWOT analysis, and other data pertaining to aspects
such as revenues and finances for vendors operating in the market are
included in the report.
Some
of the market’s key vendors profiled in the report are General
Mills Inc., Ardent Mills Canada, ConAgra Foods, Inc., ITC Limited,
Associated British Foods plc., Archer Daniels Midland Company, Wilmar
International Limited, King Arthur Flour Company, Inc., White Wings,
Hindustan Unilever Limited, and Hodgson Mill.
The
flour market has been segmented as follows:
Flour
market, by raw material:
- Maize (Including corn flour)
- Rice
- Wheat (Including durum flour)
- Others (Including oat flour, rye flour, etc.)
Flour
market, by Application:
- Noodles and pasta
- Bread and bakery products
- Wafers, crackers and biscuits
- Animal feed (Including pet food)
- Non-food application (Including bioplastics, biomaterials, glue, etc.)
- Others (Including roux, baby food, etc.)
Flour
market, by Technology:
- Dry technology
- Wet technology
Flour
market, by geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (Latin America, Middle East and Africa)
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