The Flour Global Market Report 2023, provides comprehensive information on the flour market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Flour Market’s Growth:
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According to The Business Research Company’s Flour Global Market Report for 2023, the market exhibits a compelling trajectory, with an anticipated growth from $96.51 billion in 2022 to a projected $102.99 billion in 2023, signifying an impressive compound annual growth rate (CAGR) of 6.7%. Nonetheless, the shadow of the Russia-Ukraine conflict looms large, casting uncertainty on the global economic recovery from the COVID-19 pandemic, particularly in the immediate term. The ongoing war has triggered a cascade of economic repercussions, including widespread sanctions, volatile commodity price fluctuations, and perturbations in global supply chains. This multifaceted turmoil has engendered inflationary pressures across a diverse spectrum of goods and services, resonating throughout various global markets. Despite these challenges, the global flour market remains steadfast in its growth trajectory, poised to achieve a market size of $125.33 billion by 2027, marked by a resilient CAGR of 5.0%. This underlines the industry’s resilience and adaptability in navigating through complex global dynamics.
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A prevailing trend in the flour market centers around product innovation, which has garnered considerable attention and acclaim. Leading enterprises within the flour industry have strategically honed their focus on pioneering novel products that cater to evolving consumer demands. A striking example of this innovation was witnessed in June 2021 when Ulrick & Short, a prominent UK-based manufacturer specializing in clean-label, additive-free ingredients, unveiled a groundbreaking functional flour. This innovative product incorporates a novel ingredient known as FazendaTM Nutrigel, setting it apart from conventional offerings. What distinguishes this functional flour is its remarkable capacity to augment viscosity, texture, and structure in gluten-free bakery applications, thereby revolutionizing the realm of gluten-free baked goods. Nutrigel proves invaluable in an extensive array of culinary creations, spanning both sweet and savory bakery applications. From traditional bread and baked goods to delectable cakes, muffins, and gluten-free batters and coatings, Nutrigel paves the way for diverse and delightful culinary innovations. This pioneering development not only underscores the industry’s commitment to enhancing product offerings but also showcases its dedication to meeting the dynamic needs of modern consumers, heralding a new era of culinary excellence within the flour market.
The flour market is segmented:
1) By Type: Wheat, Maize, Rice, Oats, Other Types
2) By Form: Wet, Dry
3) By Sales Channels: Direct, Indirect
4) By Application: Noodles And Pasta, Bread And Bakery Products, Animal Feed, Wafers, Crackers, And Biscuits, Non-Food Applications, Plastics, Biomaterials, And Glue, Other Applications
Asia-Pacific was the largest region in the flour market in 2022.
The table of contents in TBRC’s flour market report includes:
- Executive Summary
- Flour Market Characteristics
- Flour Market Trends And Strategies
- Flour Market – Macro Economic Scenario
- Flour Market Size And Growth
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- Africa Flour Market
- Flour Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Flour Market
- Flour Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Archer-Daniels-Midland
- Ardent Mills
- General Mills Inc
- King Arthur Baking Company Inc
- Grain Craft
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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