Flour Market Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Flour Market

Starchy food grains including wheat, rice, corn, rye, and others are milled and sieved to create flour, a fine powder. Numerous foods, including bread, biscuits, cakes, pies, pastries, noodles, and pasta, all utilise flour in their creation. The Flour Market is being driven by rising demand from the fast food and processed food industries as well as expansion in the food industry. For instance, the food processing industry in India is predicted to reach US$ 482 billion over the projected period, according to the India Brand Equity Foundation (IBEF). The market for flour is expanding due to the rising usage of flour in bread and pastry goods and the abundant supply of raw materials.

The production of wheat worldwide increased from 735.2 million tonnes in 2015–2016 to 761.3 million tonnes in 2016–2017, according to the Food and Agriculture Organization (FAO). The introduction of novel products like flours enhanced with nutrients is also boosting the demand for flour. As an illustration, the Bay State Milling Company introduced HealthSens high fibre wheat flour in June 2017 that was produced from wheat with a high amylose concentration.

The worldwide flour market, however, is being held back by rising demand for gluten-free goods brought on by gluten intolerance and celiac disease as well as the health benefits of a gluten-free diet, such as weight loss. The Canada Celiac Association reports that in 2013, over 22% of Canadians avoided gluten and about 6% of Canadians experienced gluten sensitivity. The demand for gluten-free flour, including rice flour, is rising as a result.

Due to its vast range of nutrients, including dietary fibres and health advantages like lowering cholesterol levels, wheat flour has the largest product type sector. Due to the usage of flour in bakery goods, baby food, and other products, the food segment held the largest market share in 2016. Because the dry milling process is less difficult than the wet milling process, dry milling technology was the largest technological segment in 2016. Additionally, it offers the most processing surface area and has a cheap initial investment cost. Different types of grains can be dry milled without changing the machine's performance characteristics.

Types of Flour Market-

·        Wheat flour

·        Rice flour

·        Oat flour

·        Maize flour

·        Rye flour

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