Global
Commercial Flour market is expected to expand its revenue at a
sluggish rate and reach around US$ 52,518.6 Mn by 2025 end.
Transparency Market Research (TMR), in its recent outlook titled,
“Commercial Flour Market: Global Industry Analysis and Opportunity
Assessment 2017-2025” projects the expansion of the global
commercial flour market revenues at a poor CAGR of 2.2% during the
forecast period 2017-2025. The market accounted for around US$
44,008.3 Mn in 2017 and is anticipated to reach beyond US$ 52,000 Mn
by 2025 end. Primarily driven by increasing consumer demand for
natural and gluten free products, and rising concerns about health
and safety, the global commercial flour market is anticipated to
witness a growing trend of consumer shift towards natural foods.
Growing sales of bakery products are expected to sustain the global
commercial flour market in near future.
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Increasing
demand for convenience foods and soaring modern retail formats such
as supermarket/hypermarkets in developing countries are driving the
commercial flour market. Increasing online retailing is also
identified to be a major driver for biscuit manufacturers to enhance
customer base. Moreover, increasing consumer demand for the diverse
variety of flour offering better nutrition and superior taste is
driving the Flour market. The global commercial flour market is
restrained by the price volatility of grains due to climatic changes
hampering the overall crop production.
By
product type, the commercial flour market is segmented into wheat
flour, corn flour, rye flour, rice flour, and others. The wheat flour
segment is likely to be the most attractive segment in the forecast
period on the backdrop of rising consumer demands in wheat
flour-related food. This segment currently accounts for a significant
revenue share of 92.2% and is expected to register a significant
growth rate during the forecast period. On the basis of source type,
the commercial flour market can be segmented into organic and
conventional. While conventional flour segment will continue to
dominate with more than 98% share of the total market value, it is
foreseen to see a slight decline in near future. The organic flour
segment is however estimated to register a promising CAGR during the
forecast period. On the basis of end use, the commercial flour market
is segmented into HORECA and food industry. The food industry
segments is likely to occupy the largest market share of over 55%
through to 2025.
The
report covers trends driving each segment and offers analysis and
insights regarding the potential of the commercial
flour market in specific geographical regions. In terms of
value, APAC and Europe are likely to account for a collective value
share of 68.6% by the end of 2025. Also, Europe is expected to
dominate the market through to 2025 in terms of demand, followed by
APAC.
Detailed
profiles of the providers are also included in the scope of the
report to evaluate their long-term and short-term strategies, key
offerings and recent developments in the floured space. Flour
producer includes Cargill Inc., ARDENT MILLS LLC, Archer Daniels
Midland Company, ConAgra Foods, Inc., General Mills, Inc., Riviana
Foods Inc, Bob's Red Mill Natural Foods, Inc., Bay State Milling
Company, Bartlett and Company, The Mennel Milling Company, Hodgson
Mill, King Arthur Flour Company, Inc, Ingredion Incorporated, Bunge
Limited, The Hain Celestial Group, Grain Craft, Inc, Miller Milling
Company, The White Lily Foods Company, Wheat Montana and North Dakota
Mill. As competition intensifies in the sector with price wars among
leading players, industry players are expected to improve the
efficiency of their value chain, from inbound logistics to
distribution and, to a large extent, marketing and export of
products.
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