Dublin, April 24, 2024 (GLOBE NEWSWIRE) -- The "Flour Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
Global Flour Market is foreseen to be valued at US$ 227.01 Billion by 2030 from US$ 166.59 Billion in 2023, growing at a CAGR of 4.52%
The unceasing global reliance on flour as a staple ingredient in diverse cuisines underscores the market's extensive reach and economic significance. A palpable shift in consumer behavior towards healthier diet preferences is propelling the flour market forward. Items such as protein-enriched pasta, gluten-free, and non-seed oil flours are seeing increased demand, reflecting the industry's response to a growing interest in health-oriented and specialty flours.
Eco-friendly packaging innovations are driving the market's expansion, aligning with the rising consumer demand for sustainable and transparent products. The market is adapting by offering comprehensive ingredient information and aligning values with sustainable practices.
Geographical Insights
The Asia-Pacific region commands a major share of the global market, with countries like India influencing demand through dietary preferences and traditional food consumption patterns. The global market scenario is also witnessing a significant contribution from maize, attributable to its affordability and expansive production which spans culinary and industrial applications.
Rising Demand for Noodles and Pasta
Applications in noodles and pasta have registered substantial growth, with consumers favoring these convenience foods. The rising consumption of pasta globally is dictating an upward trend in the need for related flour products.
Online Retailing Trends
Online stores are anticipated to increase their market presence, benefiting from logistical advancements and the rising proclivity for online shopping among contemporary consumers.
China's Strategic Position
China holds a considerable stake in the global scenario, fueled by an increasing populace and a burgeoning middle class with a preference for processed food. The country's strategic policies promoting agricultural modernization have enhanced its self-sufficiency and influence on the global stage.
Key Market Players
The global flour market sees domination by preeminent companies, each leveraging their strategic initiatives to maintain and enhance their market footprint.
Market Segment Analysis
The market has been dissected into multiple segments, with significant insights provided for varying types of flour, applications, and sales channels. Further detailed analysis includes country-specific performance which offers a comprehensive overview of geographical impact and trends. The findings capture the essence of the current marketplace and underscore the significant elements influencing the trajectory of the global flour market. Major companies are expected to continue their innovative and competitive strategies to capitalize on opportunities presented by these evolving market dynamics.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 215 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $166.59 Billion |
| Forecasted Market Value (USD) by 2030 | $227.01 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Companies Featured
- King Arthur Flour Company
- Associated British Foods Plc.
- Hindustan Unilever Ltd
- Archer Daniels Midland Company
- Conagra Foods Inc.
- Cargill, Incorporated
- ITC Ltd
- General Mills, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/noa04w
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