Global Flour Market Is Expanding Owing To Rising Demand For New Products Made From Several Grains And Increasing Consumption Of Healthy Food Products

 

Flour

Flour is one of the most common cooking ingredients used around the world. It is used to make breads, dumplings, pastries, sauces, and pasta. It is also useful for other things. Flour is used to help prevent a cake from sticking to the pan. It can be used to add airiness to a dough. Another use is as a thickening agent for sauces. Depending on the recipe, different types of flour can be used. All-purpose flour is a white, wheat-based flour. It is an inexpensive flour. It is mild in taste, and works well in many baked goods. However, it has lower nutritional value. Whole-wheat flour is made from ground hard red wheat berries. This type of flour is denser and contains higher nutritional value. Bread flour is usually bleached, although unbleached flour is also available. Bleached flour has less protein than unbleached, and it is still a good choice for quick breads and pie crusts.

Market Dynamics:

Growing demand for wheat flour and rising collaborations is estimated to augment growth of the global Flour Market during the forecast period. For instance, in March 2021, Agrana, an Austrian food company acquired Taiyo Kagaku Co., a Japan-based fruit preparations business. With this acquisition they are aiming to expand their presence in the Asian market. Moreover, rising popularity of gluten free foods is anticipated to restrain growth of the global flour market during the forecast period.

Impact of COVID-19:

The pandemic was first reported in 2019 in China. Later, the virus was transmitted to many countries globally. The World Health Organization announced it as a public health emergency in 2020. Many nations had to impose strict lockdowns on many countries as the number of COVID-19 cases were increasing rapidly. This also led to imposition of nationwide lockdowns and shutting downs of many manufacturing units around the world. Production of essential good was allowed and this hampered the growth of many markets across the world. However, the global Flour Market was not much affected by the pandemic, as the production was going on. Whereas the disruptions sin supply chains and unavailability of employees was a huge challenged for the market.

Key Takeaways:

 The global Flour Market is estimated to witness robust growth, exhibiting CAGR of XX% during the forecast period, owing to increasing product launches. For instance, Parle, a leading Indian firm launched their own wheat flour brand in the market in 2021.

Asia Pacific is anticipated to witness significant growth in the global Flour Market over the forecast period, due to growing populations and increasing consumption of fast food.

Key Players Active In The Global Flour Market Are Ardent Mills Corporate, General mills, Cargill Inc., Bunge Milling, Conagra Foods Inc., Bob’s Rede mill Natural Foods, King Arthur Flour Company, Ardent Mills Corporate, and J.M. Smucker Company.