What is Commercial Flour Market Scope?
Wheat is the most widely produced cereal in the world, most of which is for human consumption. Flours are used as an ingredient in the making of bread, bakery items, and corn-based coating of fried food and fast food. In fast-food restaurants, the consumption of flour is high as they serve food items such as donuts, burgers, cakes, and fried meat. Based on products and snacks such as cakes, pizzas, pastries, cookies, and other products are gaining popularity among children and the younger generation, which is likely to create further growth opportunities for flour manufacturers. The U.S is projected to be a rapidly growing market for baked products.
The Commercial Flour market study is being classified by Type (Wheat Flour, Corn Flour, Rye Flour and Rice Flour), by Application (Horeca and Food Industry) and major geographies with country level break-up. According to AMA, the Global Commercial Flour market is expected to see growth rate of 2.2%
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Commercial Flour market throughout the predicted period.
Cargill (United States), Ardent Mills (United States), ADM (United States), ConAgra Foods (United States), General Mills (United States), Riviana (United States), Bob's Red Mill (United States), Bay State Milling (United States), Bartlett Milling (United States) and Mennel Milling (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hodgson Mill (United States), King Arthur Flour (United States), Ingredion (United States), Bunge (United States), Hain Celestial (United States), Grain Craft (United States), Miller Milling (United States) and White Lily Foods (United States).
Analyst at AMA have segmented the market study of Global Commercial Flour market by Type, Application and Region.
On the basis of geography, the market of Commercial Flour has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Market Trend
- Rising demand for convenience foods, innovation in packaging, and food preferences of expanding young population
- Rising health concerns among people and the increasing need for gluten-free diets are facilitating the demand for commercial flour
- Expanding demand for gluten-free foods and increasing per capita food consumption in developing countries
- Growing Baked Goods Consumption to Sustain Sales of Commercial Flour
- Increasing disposable income and the rising popularity of flour-based product consumption
- The price volatility of grains due to uncertain climatic conditions
- A reduction in rainfall also adversely affects the agricultural yields in many regions
Key Target AudienceCommercial Flour Manufacturer, Commercial Flour Distributors, Suppliers, Government Regulatory Bodies, Government Research Organization and Others
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