Published: Nov, 2018
The global commercial flour market projects a highly competitive and a fragmented competitive vendor scenario. Such competitiveness is attributed to the emergence of several key players in the market. Hodgson Mill, Bob's Red Mill Natural Foods, Inc., King Arthur Commercial Flour Company, Inc, ConAgra Foods, Inc., Bay State Milling Company, General Mills, Inc., are among the major players dominating the global commercial flour market.
These players are working on enhancing the quality of the products, improving the product portfolio, and expanding their geographical reach. These are the three main strategies are foreseen to provide the players with the several lucrative opportunities in future, in order to generate revenue. Advancement in technology to manufacture state-of-the-art flour products still stays a main strategy of several businesses in the global commercial flour market. Owing to the number of players are likely to grow in forthcoming years, due to which the competition is expected to intensify.
According to a report y Transparency Market Research (TMR), the global commercial flour market in 2017, was evaluated to e of worth US$ 44,008.3 Mn and is foreseen to reach around the worth of US$ 52,518.6 Mn by the end of 2025, at a strong CAGR of 2.2% during the forecast period from 2017 to 2025.
On the basis of product type, the wheat flour segment is estimated to be the leading segment in the coming years due to increase in buyer’s demand in the food related to wheat flour. The mentioned segment is likely to hold a substantial revenue share in 2017, of 92.2% and is anticipated to account a notable growth during the coming years. As per the region, the markets in Europe and Asia Pacific are foreseen to lead in the span of coming years, trailed y by North America.
Surging Demand for Products Made of Quality Flour to Bolster Market Growth
Rise in consumer demand for quality flour items is majorly supporting the growth of global commercial flour market. This is because of the increasing population that has caused an escalation in demand regarding more food products; particularly with respect to basic types, for example, flour and its items. A developing pattern of buyers moving towards utilization of organic food products too is propelling the global commercial flour market.
Besides, with rise in sales of bakery and confectionery products, the global commercial flour market is foreseen to grow significantly in coming years, as flour makes an important component. Moreover, a rising demand for convenience food products alongside rising advanced retail selling as supermarkets and food shopping centers as well are boosting the global commercial flour market. Numerous organizations these days deliver a plenty of flour assortments that have their very own individual purposes as per their use and healthy benefits. Attributable to such an assorted variety, the commercial flour market is likely to grow at a notable pace.
Fluctuating Cost to Hamper Market Growth
Nevertheless, the market is majorly hindered due to variance in costs and accessibility of crude materials, particularly in underdeveloped and remote areas. In addition, the emergence of instant food products has caused a decrease in the utilization of natural flour considerably, blocking the market's development. Though, numerous organizations are working upon to present creative products, which could bring back the prior market's quality.
The review is based on the findings of a report by Transparency Market Research, titled “Commercial Flour Market (Type - Wheat Flour, Corn Flour, Rye Flour, Rice Flour, and Others; Nature - Organic, Conventional; End-use - HoReCa, Food Industry) - Global Industry Analysis and Opportunity Assessment, 2017-2025.”
Key segments of the global commercial flour market:
- Wheat Flour
- Corn Flour
- Rye Flour
- Rice Flour
- Food Industry
- North America
- Asia Pacific
- Latin America
- Africa and the Middle East
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