U.S (New York)– The “Flour Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
Flour is mainly obtained by grinding wheat, maize, rice, and others. Wheat is the grain most commonly used to make flour, accounting nearly 84.52% of the total content of the flour, followed by maize and rice. Wheat is a main ingredient of bread, which is a staple food for many cultures. While wheat is the most common base for flour, maize flour is important since ancient times and remains a staple in the Americas.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Flour contains a high proportion of starch, which is a subset of complex carbohydrates, also known as polysaccharides, and is highly preferred among health-centric people. This factor would increase the demand for flour during the forecast period. Wheat is the most widely produced cereal in the world, most of which is for human consumption. Flours are used to make bread, bakery items, corn-based coating of fried food and fast food. Fast food restaurants show high consumption of flour as it is used in food items such as donuts, burgers, cakes, and fried meat.
The growth in population coupled with per capita income has increased the demand for flour, thus raising the flour production. The change in consumer towards urban and modern lifestyles has increased the demand for various types of flours in the preparation of fast foods items. Moreover, rise in health concerns for high-protein flour results in demand for flour millers to develop gluten-free flour alternatives. Change in taste and preference of consumers as well as dietary concerns for manufacturers to develop differentiated products have impacted the overall sales. Owing to improper warehousing influences, the flour market faces major problems in the form of contamination of food grains. Expansion of commercial farmlands and growth of aquatic feed industry in Asia-Pacific impact the application of flour in the animal feed segment. The global flour market is anticipated to reach $270,895 million by 2022, growing at a CAGR of 4.4% between 2016 and 2022.
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The global flour market is segmented based on raw material, application, technology, and geography. Based on the raw material, the market is segmented into wheat (including durum flour), rice, maize (including corn flour), and others (including oat flour and rye flour). On the basis of application, it is divided into bread & bakery products; noodles & pasta; animal feed (including pet food); wafers, crackers, & biscuits; non-food application (including bio-plastics, biomaterials, glue); and others (including roux and baby food). Based on technology, the market is bifurcated into dry technology and wet technology. Geographically, tit is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS
Comprehensive analysis of factors that drive and restrict the growth of the global flour market is provided, which gives the scenario of which technologies need to be introduced in the market.
This report presents the quantitative analysis of the current market and future estimations through 2014-2022, which assist in identifying the prevailing opportunity for upcoming products.
Key market players are profiled and their strategies are analyzed thoroughly, which helps in understanding the competitive outlook of global flour market.
An in-depth analysis of current research developments is provided with key dynamic factors that help in understanding the behavior of the market.
The key players operating in the market include:
Ardent Mills Canada
Archer Daniels Midland Company
Associated British Foods plc
ConAgra Foods, Inc.
General Mills Inc.
Hindustan Unilever Limited
Hodgson Mill.
ITC Limited
King Arthur Flour Company, Inc.
White Wings
Willmar International.
Some of the other players involved in the manufacture and supply of flour include (not profiled in this report):
US Durum Milling Inc.
Hayden Flour Mills
Sunrise Flour Mill
North American Millers Association
Grain Craft
To Your Health Sprouted Flour Co.
Heartland Mills Inc.
The Birkett Mills
ADM Milling Co.
Horizon Milling
Satake USA
Fairheaven Organic Flour Mill.
Key market segments
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BY RAW MATERIAL
Wheat (Including Durum Flour)
Rice
Maize (including Corn Flour)
Others (including Oat Flour and Rye Flour)
BY APPLICATION
Bread & Bakery Products
Noodles & Pasta
Animal Feed (Including Pet Food)
Wafers, Crackers, & Biscuits
Non-Food Application (Including Bio-Plastics, Biomaterials, Glue)
Others (Including Roux and Baby Food)
BY TECHNOLOGY
Dry Technology
Wet Technology
MARKET BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Rest of Europe
Asia-Pacific
Japan
China
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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