Flour Market
Flour Market, Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-
2026
Flour is a fine powder obtained by milling and sifting starchy food grains such as wheat, rice, corn,
rye, and others. Flour is used in the preparation of many food items such as bread, biscuits, cakes,
pies, pastries, noodles,pasta, and others. Increasing demand for flour from fast food and processed
food industry along with growth in food industry is driving the flour market. For instance,
according to India Brand Equity Foundation (IBEF), food processing industry in India is estimated
to reach US$ 482 billion over the forecast period. Increasing use of flour in bread and bakery
products, and wide availability of raw materials is propelling the growth of flour market. According
to Food and Agriculture Organization (FAO), global wheat production in 2015-2016 was 735.2
million tons, which increased to 761.3 million tons in 2016-2017.
Flour Market Taxonomy
Based on product type, flour market is segmented into
•Wheat flour
•Rice flour
•Oat flour
•Maize flour
•Rye flour
•Others
Based on application, flour market is segmented into
•Food
•Noodles and Pasta
•Sweets and Desserts
•Bread
•Feed
•Others
Based on technology, flour market is segmented into
•Dry technology
•Wet technology
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Flour market Outlook
•In 2016, Europe held major share in global flour market and is estimated to uphold its
supremacy over the forecast period. Increasing consumption of bakery products and growing
demand for different types of flour from restaurants, cafes, and others are expected to
accelerate growth of flour market in this region. According to NABIM (National Association of
British and Irish Millers), UK flour milling industry’s annual revenue was around US$ 1.73
billion in 2017. According to European Millers Association, around 30% of flour is used by
bakeries, followed by 14% biscuit and rusk manufacturers.
•Asia Pacific is a lucrative flour market, owing to significant demand for flour from food
industry. According to the National Restaurant Association of India (NRAI), food services
industry in India is expected to reach US$ 68.16 billion by 2018. Furthermore, wide
availability of raw materials such as grains is propelling growth of flour market in this region.
For instance, according to Food and Agriculture Organization, China is the largest producer of
wheat and rice globally in 2015-2016. China produced around 192 million tons of rice and 109
million tons of wheat in 2015-2016.
Major Keyplayers: Ardent Mills, LLC, Conagra Brands, Inc., Archer Daniels Midland Co.,
General Mills Inc., Willmar International Limited, Associated British Foods plc, Hindustan
Unilever Limited, ITC Limited, Hayden Flour Mills. LLC, and Grain Craft, Inc. among others.
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