The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in bakery product consumption is likely to promote innovation in flour manufacture, boosting the market during the forecast period.

The global flour market is expected to grow from $96.51 billion in 2022 to $102.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global flour market size is expected to reach $125.33 billion in 2027 at a CAGR of 5.0%.

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Global Flour Market Segments Include:

• By Type: Wheat, Maize, Rice, Oats, Other Types
• By Form: Wet, Dry
• By Sales Channels: Direct, Indirect
• By Application: Noodles And Pasta, Bread And Bakery Products, Animal Feed, Wafers, Crackers, And Biscuits, Non-Food Applications, Plastics, Biomaterials, And Glue, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global flour market in 2021.

Major Market Players in the flour market include Archer-Daniels-Midland, Ardent Mills, General Mills Inc., King Arthur Baking Company Inc., Grain Craft, Hodgson Mill, Grain Millers, Conagra Brands Inc., Hindustan Unilever Limited, Arrowhead Mills.

Product innovation is a crucial trend that is gaining traction in the flour market. Major flour firms are concentrating their efforts on the development of new goods. For example, Ulrick & Short, a UK-based maker of clean-label, additive-free products, will debut FazendaTM Nutrigel, a new functional flour, in June 2021. This functional flour is distinguished by its potential to improve viscosity, texture, and structure in gluten-free bread applications. Nutrigel can be used in a variety of bakery applications, including bread and baked products, cakes, muffins, and gluten-free batters and coatings.

The Flour Global Market Report 2023  provides a flour market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flour market forecast analyzes flour market size, flour market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Flour is a product that is prepared from finely ground grains. It is a common ingredient in baked goods and a range of food products. Wheat grain flour is perfect for baked items requiring a spongy structure.

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