The
global commercial flour market depicts the presence of a highly
fragmented and competitive vendor landscape, says Transparency Market
Research on the basis of a recently published report. Such
competitiveness mainly exists due to the presence of innumerable
players in the market.
Most
players in this market are focusing on improving product quality,
expanding product portfolio, as well as achieving extensive
geographical reach. These three key strategies are foretold to make
many players open up new avenues for revenue generation. Development
of advanced technologies to manufacture state-of-the-art flour
products remains a primary strategy of most businesses present in the
global commercial flour market. With the number of players expected
to further increase in the near future, the competition is
anticipated to expand and become intensified.
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Bob's
Red Mill Natural Foods, Inc., Hodgson Mill, King Arthur Commercial
Flour Company, Inc, Bay State Milling Company, ConAgra Foods, Inc.,
General Mills, Inc., Archer Daniels Midland Company, Bartlett and
Company, The Mennel Milling Company, The White Lily Foods Company,
Ingredion Incorporated, Bunge Limited, The Hain Celestial Group,
Miller Milling Company, ARDENT MILLS LLC, Wheat Montana, Grain Craft,
Inc, Riviana Foods Inc, and North Dakota Mill, are key players
operating in the global commercial flour market.
From
a statistical perspective, the market is expected to grow at a
substantially sluggish rate of 2.2% during the forecast period from
2017 – 2025. At this rate, the global commercial flour market is
projected to register revenue worth US$52000 mn by 2025, which is a
small increase from the earlier revenue figure of US$44008.3 mn
clocked in 2017.
Increasing
consumer demand for quality flour products is primarily driving the
global commercial
flour market. This is mainly due to the rising population
that has caused a surge in demand for more food products; especially
in case of basic types such as flour and its products. A growing
trend of consumers shifting towards consumption of natural foods too
is driving the global commercial flour market.
Moreover,
with growing sales of bakery products, the global commercial flour
market is expected to progress substantially in the near future, as
flour forms of crucial component of these components. In addition, a
rising demand for convenience foods along with increasing modern
retail selling in the form of supermarkets and food malls too is
commercially driving the global commercial flour market. Many
businesses nowadays produce a plethora of flour varieties that have
their own individual purposes depending on use and nutritional
values. Owing to such a diversity, the global commercial flour market
is expected to expand at a decent rate.
However,
the market is being highly restrained owing to fluctuation in prices
and availability of raw materials, especially in remote and
underdeveloped regions. Moreover, the advent of ready-made foods has
caused a reduction in the use of natural flour substantially, thereby
hindering the market’s growth. However, many companies are expected
to introduce innovative products, which could bring back the earlier
market’s strength.
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