Global Flour Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Global Flour Market Size

The surge in world populations and the increasing demand for food propel the global flour market. Flour is integral in making bread, a critical staple food in numerous Asian, European, African, and American countries. Further, the growth of the flour market is propelled by the fitness benefits of wheat flour, which include decreasing cholesterol levels, boosting metabolism, and addressing weight-associated concerns.

Also, the increasing desire for organic and gluten-free bakery merchandise drives a boom in the global flour market. Consumers internationally choose organic and fitness-centered alternatives with aluminum-free baking powder, gluten-free flour, and organic baking flour because of their several benefits. Despite better production prices, health-conscious purchasers continue to demand organic bakery goods, central to a heightened interest in tailor-made organic and gluten-free bakery items to satisfy diverse client needs. These factors collectively contribute to the overall enlargement of the flour market globally.

The increase in health concerns for high-protein flour also increases the demand for flour millers to make product innovations using alternatives such as maize flour, rice flour, soya flour, and corn flour. Private flour millers in Asia-Pacific have prompted the private players to expand their production ability and innovative product offerings owing to less stringent limitations of government authority on the flour industry. An increase in the average selling price for flour in most countries has positively impacted the growth of the global flour market.

Further, the burgeoning desire for processed foods worldwide is a massive driver of the flour market increase, with wheat flour serving as an essential factor in several comfort foods. Wheat flour is pivotal in these convenience services, from bakery products like bread to snacks, which include biscuits, waffles, and ready-to-eat food. With the food industry increasing and economic conditions improving, customers in both developed and rising markets are increasingly willing to try ready-to-eat packaged food, fueling further demand for products containing wheat flour.

Growth Driver of the Flour Market

Increasing Demand for Baked Goods

The rising consumption of baked goods such as bread, cakes, and pastries are a key driver for the flour market. As urbanization increases and lifestyles become busier, consumers are leaning toward convenient and ready-to-eat food products, many of which are made with flour. In addition, the growing popularity of artisanal and specialty breads has led to higher demand for premium flour varieties like whole wheat, multigrain, and organic flours. This trend, coupled with the expansion of bakery chains and supermarkets, continues to boost flour demand globally. Sept 2024, EQUII, the leader in complete protein innovation, announced a groundbreaking manufacturing and distribution partnership with Bridor, the esteemed French baking company, marking a significant step in elevating the quality and nutrition of bakery products.

Expanding Gluten-Free and Specialty Flour Segment

The rising prevalence of gluten intolerance and celiac disease, along with increased health consciousness, has driven the demand for gluten-free and specialty flours. Consumers are seeking healthier alternatives like almond, coconut, and rice flours. These alternatives cater not only to those with gluten sensitivities but also to people seeking low-carb and high-protein diets. This shift towards specialty flours presents significant opportunities for market players, encouraging product diversification and innovation in the flour industry, further contributing to market growth. Jan 2024, Nature’s Path will unveil a new line of organic, high-quality flours at Natural Products Expo West 2024.

Growth of Processed Food Industry

The processed food industry heavily relies on flour as a key ingredient in products such as pasta, noodles, snacks, and ready-made meals. The rising demand for convenience foods, especially in urban areas, has significantly increased the usage of flour in processed food manufacturing. Moreover, with global consumers leading busier lifestyles and seeking time-saving meal solutions, the demand for flour-based products continues to rise. The ongoing development of new and innovative processed food products, especially in emerging markets, is further driving growth in the global flour market. Sept 2024, Doves Farm, the UK’s number one organic flour brand, has announced the relaunch of its Organic Pasta & Pizza Flour.

Wheat possibly holds a significant portion of the global flour market

The global flour market is fragmented into Wheat, Maize, Rice, and Others by raw material. Wheat commands one of the highest shares in the global flour market due to its versatile applications and widespread consumption. It is essential in many food products like bread, pasta, pastries, and noodles. The enduring reputation of wheat-based ingredients throughout various cuisines and cultures guarantees a constant demand for wheat flour globally. Besides, its nutritional value, gluten content, and simplicity of processing contribute to its enormous dominance in the flour market.

Bread and bakery products may emerge as a prominent application in the global flour market

By application, the global flour market is organized into Noodles and Pasta, Bread and Bakery Products, Wafers, Crackers and Biscuits, Animal Feed, Non-Food Application, and Others. Bread and bakery products could stand out as a leading application in the global flour market. This is owed to their prevalent recognition and giant consumption. Flour, a fundamental component in baking, is vital for producing numerous bread and bakery items. Consistent demand for staple merchandise and evolving consumer preferences for distinct varieties ensure a non-stop and significant flour market share. The versatility of flour in developing a wide variety of baked items also solidifies the pivotal function of bread and bakery applications in driving the global flour market.

Supermarkets can potentially become a leading segment in the global flour market

By sales channel, the global flour market is categorized into Supermarkets, Hypermarkets, Online Stores, and Others. Supermarkets may emerge as a leading segment in the global flour market. This is because of their central accessibility and various product offerings. These retail giants offer a convenient one-stop shopping experience, providing multiple flour types for different client choices. With a considerable distribution network and competitive pricing, supermarkets entice a large client base. Their strategic placement in city and suburban regions further contributes to their prominence in the flour market, as consumers increasingly seek comfort and variety in their purchases.

United States  Flour Market

The United States asserts dominance in the global flour market. Its significant agricultural infrastructure and vast wheat production in regions like the Great Plains ensure a regular and excellent flour supply. Furthermore, advanced milling technology streamlines manufacturing methods, enhancing efficiency and product quality. The U.S. flour market's dedication to innovation and meeting various purchaser needs solidifies its position as an international leader. The United States' efficient distribution network also enables considerable availability, making American flour a preferred choice in global markets.

Europe Flour Market

The Europe flour market is witnessing steady growth, driven by increasing demand for baked goods, pasta, and ready-to-eat meals. The rising preference for healthy alternatives like whole wheat and gluten-free flours is also fueling market expansion. Key countries like Germany, Italy, and France dominate the market, with advancements in milling technology and growing consumer interest in organic and specialty flour products.

Germany Flour Market

The flour market in Germany is thriving, driven by the country’s strong demand for bakery products, pasta, and other flour-based foods. Germany’s rich bread-making tradition significantly supports market growth, with consumers increasingly seeking organic, whole grain, and specialty flours. Health-conscious trends have further boosted demand for gluten-free and alternative grain flours. The country’s advanced food processing technology and efficient supply chains enhance flour production and distribution. Additionally, growing interest in home baking, fueled by pandemic trends, has contributed to the expansion of the flour market in Germany, ensuring continued steady growth in the coming years. Nov 2022, Germany's Netto Marken-Discount has launched wheat flour under its organic brand Naturkind as part of its efforts to support the 'Agriculture for Biodiversity' (LfA) program.

Asia Pacific Flour Market

The Asia Pacific flour market is experiencing robust growth due to rising demand for noodles, bread, and other flour-based foods. Key markets such as China, India, and Japan drive the region's growth, supported by urbanization and expanding food processing industries. Additionally, increasing health awareness is fueling demand for whole grain and gluten-free flours, enhancing the market's diversity and development across the region.

India Flour Industry

The India flour market is expanding rapidly due to the rising demand for staple foods like chapati, paratha, and other wheat-based products. Urbanization and changing dietary habits have driven the growth of packaged and branded flour products. Additionally, increased health consciousness among consumers is boosting demand for whole wheat and multigrain flours. The growing popularity of ready-to-eat and processed food items further propels market expansion. Moreover, the adoption of advanced milling techniques and the government's initiatives to improve agricultural productivity contribute to the continued growth of the flour industry in India. Sept 2023, Bühler India, has launched first-ever ‘Made in India products’- Arenit Plansifter & Norit Purifier at its Bangalore facility.

South Arabia Flour Market

The Saudi Arabia flour market is witnessing steady growth, driven by increasing demand for bakery products, pasta, and other flour-based foods. Rising urbanization and a growing population have fueled the consumption of convenience foods, further boosting flour demand. Additionally, the government's focus on food security and support for domestic wheat production contributes to market expansion. The shift towards healthier options, such as whole wheat and gluten-free flours, is gaining momentum among health-conscious consumers. With continuous advancements in food processing and milling technology, the flour market in Saudi Arabia is expected to maintain positive growth. Aug 2024, Arabian Mills for Food Products Company announced its intention to proceed with an initial public offering and the listing of its ordinary shares on the Main Market of the Saudi Exchange.

Key Players

King Arthur Flour Company, Associated British Foods Plc., Hindustan Unilever Ltd, Archer Daniels Midland Company, Conagra Foods Inc., Cargill, Incorporated, ITC Ltd, and General Mills, Inc. are the major enterprises in the global flour market.

• In March 2023 - Bay State Milling Company launched Wingold® Wellness multi-purpose flour.
• In June 2022 - Archer Daniels Midland Company acquired Prairie Pulse Inc., the owners of a milling, pulse crop cleaning, and packaging facility in Vanscoy, Saskatchewan. This acquisition effectively doubles its regional pulse footprint.

Raw Material – Global Flour Market breakup in 4 viewpoints:

1.    Wheat
2.    Maize
3.    Rice
4.    Others

Application – Global Flour Market breakup in 6 viewpoints:

1.    Pasta
2.    Bread and Bakery Products
3.    Wafers, Crackers and Biscuits
4.    Animal Feed
5.    Non-Food Application
6.    Others

Sales Channel – Global Flour Market breakup in 5 viewpoints:

1.    Supermarkets
2.    Hypermarkets
3.    Online Stores
4.    Others

Country – Global Flour Market of 25 Countries Covered in the Report:

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherlands
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    United Arab Emirates
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    King Arthur Flour Company
2.    Associated British Foods Plc.
3.    Hindustan Unilever Ltd
4.    Archer Daniels Midland Company
5.    Conagra Foods Inc.
6.    Cargill, Incorporated
7.    ITC Ltd
8.    General Mills, Inc.

Report Details: