Published: Aug, 2018
The global commercial flour market depicts the presence of a highly fragmented and competitive vendor landscape, says Transparency Market Research on the basis of a recently published report. Such competitiveness mainly exists due to the presence of innumerable players in the market.
Competition to Increase with Regular Entry of New Players
Most players in this market are focusing on improving product quality, expanding product portfolio, as well as achieving extensive geographical reach. These three key strategies are foretold to make many players open up new avenues for revenue generation. Development of advanced technologies to manufacture state-of-the-art flour products remains a primary strategy of most businesses present in the global commercial flour market. With the number of players expected to further increase in the near future, the competition is anticipated to expand and become intensified.
Bob's Red Mill Natural Foods, Inc., Hodgson Mill, King Arthur Commercial Flour Company, Inc, Bay State Milling Company, ConAgra Foods, Inc., General Mills, Inc., Archer Daniels Midland Company, Bartlett and Company, The Mennel Milling Company, The White Lily Foods Company, Ingredion Incorporated, Bunge Limited, The Hain Celestial Group, Miller Milling Company, ARDENT MILLS LLC, Wheat Montana, Grain Craft, Inc, Riviana Foods Inc, and North Dakota Mill, are key players operating in the global commercial flour market.
From a statistical perspective, the market is expected to grow at a substantially sluggish rate of 2.2% during the forecast period from 2017 – 2025. At this rate, the global commercial flour market is projected to register revenue worth US$52000 mn by 2025, which is a small increase from the earlier revenue figure of US$44008.3 mn clocked in 2017.
Rising Demand for Improved Flour Products Boosts Market Growth
Increasing consumer demand for quality flour products is primarily driving the global commercial flour market. This is mainly due to the rising population that has caused a surge in demand for more food products; especially in case of basic types such as flour and its products. A growing trend of consumers shifting towards consumption of natural foods too is driving the global commercial flour market.
Moreover, with growing sales of bakery products, the global commercial flour market is expected to progress substantially in the near future, as flour forms of crucial component of these components. In addition, a rising demand for convenience foods along with increasing modern retail selling in the form of supermarkets and food malls too is commercially driving the global commercial flour market. Many businesses nowadays produce a plethora of flour varieties that have their own individual purposes depending on use and nutritional values. Owing to such a diversity, the global commercial flour market is expected to expand at a decent rate.
However, the market is being highly restrained owing to fluctuation in prices and availability of raw materials, especially in remote and underdeveloped regions. Moreover, the advent of ready-made foods has caused a reduction in the use of natural flour substantially, thereby hindering the market’s growth. However, many companies are expected to introduce innovative products, which could bring back the earlier market’s strength.
The information in this preview comes from a Transparency Market Research report, 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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