What Has Driven the Growth of the Flour Market in Recent Years?
The flour market has seen considerable growth due to a variety of factors.
• The expansion of the flour market has been robust over the past few years. It is projected to increase from a value of $101.44 billion in 2024 to $106.96 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.4%.
The previous growth experienced can be traced back to factors such as population increase, evolution in eating habits, economic progress, the impact of globalization, and heightened health consciousness.
What is the Forecasted Growth of the Flour Market Size?
The flour market is expected to maintain its strong growth trajectory in upcoming years.
• The flour market is predicted to exhibit robust expansion in the coming years, with its value projected to reach $130.35 billion by 2029, clocking a compound annual growth rate (CAGR) of 5.1%.
Factors contributing to this predicted expansion during the forecast period include developments in health and wellness, urbanization patterns, environmental sustainability practices, demographic shifts, and worldwide trade dynamics. Significant trends expected over the forecast period comprise the integration of technology, advancements in technology, changes in consumer likings and diet transitions, innovations in processing methods, and government policies as well as quality benchmarks.
Which Drivers Are Accelerating Growth In The Flour Market?
An upward trend in bakery product consumption is anticipated to spur the flour market's expansion. This term, bakery products, refers to goods typically produced from flour or other cereals. As consumer preferences and needs evolve, demanding less fatty and more nutrient-rich food items, bakery manufacturers are progressively tweaking their products. These food items are high in both calories and nutritional content. These advantages have sparked a growing demand for bakery articles, which, in turn, will likely contribute to augmenting the market for cookies and crackers. To illustrate, in October 2022, data from Euromonitor International, published on the official website of the Canadian government, showed retail sales of baked goods in the US hitting $67.9 billion in 2021, with an expectation to climb to US$75.8 billion by 2026. Hence, the surge in bakery product consumption is fuelling the upward trajectory of the flour market.
What Is The Segmentation Of The Global Flour Market?
The flour market covered in this report 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 Application, Plastics, Biomaterials, And Glue, Other Applications
Subsegments:
1) By Wheat: All-Purpose Flour, Whole Wheat Flour, Bread Flour, Cake Flour
2) By Maize: Cornmeal, Cornstarch
3) By Rice: White Rice Flour, Brown Rice Flour
4) By Oats: Rolled Oats Flour, Instant Oats Flour
5) By Other Types: Barley Flour, Rye Flour, Millet Flour, Quinoa Flour
Pre-Book The Flour Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Shaping The Flour Market Landscape?
Leading businesses in the flour market are focusing more on crafting unique solutions like improved nutritional content and functional ingredients, in response to the rising consumer demands for better health and wellness. Improved nutritional content means embedding more vitamins, minerals, and fibres into flour-based goods, making them more attractive to consumers mindful of their health. For example, in March 2023, Société de Transformation Alimentaire, a food processing firm based in Niger, introduced Vitamil +, a fortified flour product designed to deliver enhanced nutritional advantages. Vitamil + provides a mix of fortified vitamins and minerals, appeasing the expanding market for functional food. This inventive product not only heightens the nutritional quality of pastries and other flour-based products, but also syncs with the growing consumer trend for healthful food selections in the flour market.
Who Are the Key Players in the Flour Market?
Major companies operating in the flour market include:
• The Archer-Daniels-Midland Company
• Bunge Limited
• General Mills Inc.
• Conagra Brands Inc.
• Ingredion Incorporated
• Hindustan Unilever Limited
• Ardent Mills
• Horizon Milling LLC
• Dangote Flour Mills plc
• Grain Millers Inc.
• King Arthur Baking Company Inc.
• Bay State Milling Company
• Idaho Pacific Corporation
• Mennel Milling Company
• Interflour Group Pte. Ltd.
• Grain Craft
• Miller Milling Company
• Bob's Red Mill Natural Foods
• Siemer Milling Company
• Arrowhead Mills Inc.
• Hodgson Mill Inc.
• Lakeside Mills Inc.
• Sunrise Flour Mills
• Great River Organic Milling
• Star of the West Milling Company
• Hayden Flour Mills
• Heartland Mills Inc.
• US Durum Milling Inc.
• Carr's Flour Mills Ltd.
• FWP Matthews Ltd.
• Wilkins Rogers Mills
• Wudeli Flour Group
• Wilmar International Limited
What are the Regional Insights into the Flour Market?
Asia-Pacific was the largest region in the flour market in 2024. The regions covered in the flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
