Published on : Jul 28, 2016
Flour is one of the key ingredients of bread and noodles, which are considered as a staple food in most of the countries across the globe. Thus, the global flour market is highly competitive with the presence of several players operating in the market. Some of the key applications of flour are bread and bakery products, noodles and pasta, animal feed, crackers, wafers, and biscuits, non- food application, and others.
Some of the prominent types of flour available across the globe are mentioned as below:
The growing demand for bakery and other bread products across the globe and rising awareness regarding gluten-free products are some of the prominent factors projected to surge the growth of the global flour market in the next few years. In addition, the development of flour mills in several countries in the Asia Pacific region in the last few years is estimated to accelerate the growth of the global market in the near future.
On the flip side, the growing concerns related to the high protein wheat and fluctuating prices of raw materials are estimated to curb the growth of the global flour market in the next few years. Nevertheless, the growth prospects with the introduction of wet milling technology and non-food applications of flour are projected to create numerous opportunities for the key players in the global flour market in the near future.
Analyzing the growing demand for flour across the globe, several players are estimated to enter the global market in the coming few years. Thus, the competition among the players is projected to strengthen in the near future. The market players are expected to expand their product horizon and spend more on advertising and marketing their brand in order to gain the competitive advantage in the market.
Some of the leading players in the global flour market are Ardent Mills Canada, Archer Daniels Midland Company, Associated British Foods plc, Hodgson Mill, White Wings, ITC Limited, General Mills, Inc., King Arthur Flour Company, Inc., Wilmar International Limited, ConAgra Foods, Inc., and Hindustan Unilever Limited.