According to a new market report published by Transparency Market Research Flour Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” market was valued at USD 182.66 billion in 2013, which is expected to reach USD 245.82 billion by 2020, growing at a CAGR of 4.3% from 2014 to 2020. By volume, global flour market is expected to grow at a CAGR of 3.8% during the forecast period from 2014 to 2020 to reach a market size of 183,100.0 Kilo Ton by 2020. In 2013, volume of the market was 141,001.3 Kilo Ton.
Browse the full Flour Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/flour-market.html
Increasing demand for bread and bakery products and convenience staple food is the major factor driving the flour market globally. Flour is fine and coarse powder processed from agricultural crops which include maize, rice, wheat and rye among others. Flour is processed by purifying, conditioning, grinding, blending, extracting and drying cereals, seeds and roots. In terms of applications, flour is used in different food items such as noodles and pasta, pet food, wafers, biscuits, crackers, biomaterials, bread and bakery products. With the rise in per capita income and increasing awareness towards convenience food staples, demand for bread and bakery products has increased in recent years. Rising consumer awareness towards low protein gluten free food items is positively driving the consumption of non wheat flours (rye, corn and rice) in the form of gluten free food items. Expansion of aquatic feed industry in Asia Pacific has increased the flour consumption in the form of animal feed. These factors are considered to positively drive the growth of flour market during the forecast period, i.e., from 2014 to 2020.
The global flour market, by application is divided into six application segments: noodles and pasta, bread and bakery products,...