Accordingto a research report by Transparency Market Research (TMR), a leading marketresearch and intelligence firm, the global flour market is expected to witnessa high growth rate in the near future. The report provides a thorough analysisof this market on the basis of the key trends and future prospects. With alarge pool of participants, the worldwide flour market demonstrates a highlycompetitive business landscape. The key players in the global flour market, such as Archer Daniels MidlandCo., Ardent Mills Canada, ConAgra Foods Inc., Associated British Foods Plc,Hindustan Unilever Ltd., ITC Ltd., and General Mills Inc., have been focusingon product differentiation on the basis of flavour and nutritional value toremain significant in the competition. Going forward, these players areprojected to shift their focus towards regional expansion in order to increasetheir visibility across the world in the near future. A considerable rise intheir market investments can also be witnessed in the coming years, states theresearch report.
Theresearch report by TMR further states that the worldwide flour market will registera steady growth at a healthy CAGR of 4.30% over the period from 2014 to 2020.Flour is extensively utilized in the preparation of noodles and pastas, breadsand bakery products, wafers, crackers, biscuits, and animal feeds across theworld. Among these, the demand for flour in the breads and bakery productssegment is relatively higher. The increasing preference for burgers,sandwiches, and other food items prepared using bread among consumers is themain factor behind this rise in demand. Experts at TMR predict this scenario toremain so over the next few years.
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On the basis of the geography, Europe, NorthAmerica, Asia Pacific, the Middle East and Africa, and Latin America are themain segments in the global flour market. In terms of revenue, Europe has beenleading this market, whereas, Asia Pacific has acquired the top position interms of the volume of consumption. Since bread is a staple food item in anumber of European countries, such as the U.K. and Germany, the demand forflour is likely to remain high in Europe over the next few years. Similarly, consumersin various Asian economies prefer to eat wheat-based products, such as flatbreads, which is expected to propel wheat yield in Asia Pacific, therebyreflecting positively on the Asia Pacific flour market in the near future,states the research report.
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HighDemand for Food to Boost Global Flour Market
“Theincreasing need to cater to the high demand for food across the world isreflecting on wheat production, which in turn, is boosting the global flourmarket,” says a TMR analyst. The urban population is swiftly taking up fast foodas their staple. The demand for bread and bakery products has been constantlyhigh across the world. In addition, the mushrooming of cafes and fast foodjoints is adding to the demand of bakery products significantly. All thesefactors are driving the growth in the flour market across the world and areexpected to continue to do so over the next few years, notes the market study.
AwarenessPertaining to Ill Effect of Gluten to Limit Flour Consumption
On the otherhand, the augmenting awareness among consumers regarding the harmful effect ofgluten may limit the demand for flour across the world in the near future.Wheat flour has a high gluten content, which is causing consumers to shift toalternatives. However, the increasing demand for food from the ever-risingglobal population will balance the impact of hindrances in the growthtrajectory of this market over the next few years, states the research report.
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The reviewis based on a report by Transparency Market Research, titled “Flour Market(Application - Noodles and Pastas, Breads and Bakery Products, Wafers,Crackers, and Biscuits, Animal Feeds (Pet Foods), Roux and Baby Foods, andNon-food Applications (Bioplastics, Biomaterials, and Glue); Technology - Dryand Wet; Raw Material - Maize (Corn Flour), Rice, Wheat (Durum Flour), and OatFlour and Rye Flour) - Global Industry Analysis, Size, Share, Growth, Trendsand Forecast 2014 - 2020.”
The globalflour market has been segmented as presented below:
Application
· Noodles and Pastas
· Breads and Bakery Products
· Wafers, Crackers, and Biscuits
· Animal Feeds
o Pet Foods
· Roux and Baby Foods
· Non-food Applications
o Bioplastics
o Biomaterials
o Glue
Technology
· Dry Technology
· Wet Technology
RawMaterial
· Maize
o Corn Flour
· Rice
· Wheat
o Durum Flour
· Oat Flour and Rye Flour
Region
· North America
o U.S.
o Canada
o Quebec
o Rest of North and Central America
· Europe
· Asia Pacific
· Rest of the World
