A
new featured market research report published by Transparency Market
Research explores the global flour market. The report is titled
“Flour Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020.” The report states that the global
flour market will exhibit moderate, yet positive, growth and
expand at a decent 3.8% CAGR over the period between 2014 and 2020.
At this rate, the market is expected to rise to a valuation of
US$245.8 bn by 2020, rising from US$182.7 bn in 2013.
Flour
refers to the fine and coarse powders made by grinding and processing
cereals, roots, seeds, and grains. Flours are one of the principal
ingredients in a variety of bakery products and breads. Moreover,
food products such as biscuits, noodles, pasta, and wafers, and
animal feed are also prepared using a variety of flours as principal
ingredients.
The
report credits factors such as the rapidly expanding global
population, rising consumption of dough on a global front, rising per
capita incomes, and shifting consumption patterns of the global
population for the positive growth prospects of the market. The
flourishing fast food industry and the increased demand for
high-protein flour are also expected to propel the market over the
report’s forecast period. The high demand for high-protein flour
has also led to a new growth opportunity in the form of gluten-free
substitutes to traditional flours. Gluten-free substitutes currently
in the market include corn flour, rice flour, soya flour, and maize
flour.
The
report segments the global flour market on the basis of four
criteria: raw material, application, technology, and geography.
On
the basis of raw material, the market has been segmented into wheat,
maize, rice, and others including rye and oat. Based on grinding and
processing technology, the market has been segmented into dry and wet
technologies. On the basis of application, the market has been
segmented into pasta and noodles, biscuits, wafers, crackers, bakery
and bread products, non-food applications such as glue, biomaterials,
bio plastics, etc., and animal feed.
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Geographically,
the market has been segmented into Asia Pacific, Europe, North
America, and Rest of the World (RoW).
Of
the key regional segments studied in the report, Europe held the
largest share in the global flour market in terms of revenue in 2013,
principally owing to the augmented average selling price and high per
capita consumption of flour in the region. On the other hand, Asia
Pacific held the dominant position in the market in terms of volume
in 2013. This was essentially owing to the increased population
density and reduction in the average selling price of flour products
in the region.
The
report also gives a comprehensive account of the competitive
landscape of the market, wherein, with crucial market details, recent
developments, the report presents details regarding the financial
status, SWOT analysis, and business strategies of some of the major
companies in the market.
Major
companies in the global flour market profiled in the report include
Ardent Mills Canada, ConAgra Foods, Inc., Archer Daniels Midland
Company, Hindustan Unilever Limited, General Mills Inc., Associated
British Foods plc., Hodgson Mill, King Arthur Flour Company, Inc.,
White Wings, ITC Limited, and Wilmar International Limited.
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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