PUBLISHER: The Business Research Company | PRODUCT CODE: 1675276
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675276
Flour is a product made from finely ground grains, a basic ingredient in baked goods, and used in various food products. Wheat grain flour is ideal for baked goods that require a spongy structure.
The primary types of flour include wheat, maize, rice, oats, and others. Wheat flour is a type of flour made from whole grains, encompassing every component found in wheat kernels. It comes in various forms, including wet and dry, and is distributed through different sales channels such as direct and indirect. Wheat flour finds application in a variety of uses, including noodles and pasta, bread and bakery products, animal feed, wafers, crackers, biscuits, as well as non-food applications such as plastics, biomaterials, and glue, among others.
The flour market research report is one of a series of new reports from The Business Research Company that provides flour market statistics, including flour industry global market size, regional shares, competitors with a flour market share, detailed flour market segments, market trends, and opportunities, and any further data you may need to thrive in the flour industry. This flour market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flour market size has grown strongly in recent years. It will grow from $101.44 billion in 2024 to $106.96 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to population growth, changing dietary patterns, economic development, globalization, health awareness.
The flour market size is expected to see strong growth in the next few years. It will grow to $130.35 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to health and wellness trends, urbanization trends, environmental sustainability, changing demographics, global trade dynamics. Major trends in the forecast period include technology integration, technological advancements, consumer preferences and dietary shifts, technological advancements and processing innovations, government regulations and quality standards.
The surge in the consumption of bakery products is anticipated to drive the growth of the flour market in the future. Bakery products encompass goods often made from flour or other grains. Bakery producers are adapting their product offerings to cater to evolving consumer preferences, such as a demand for lower-fat and nutritionally rich food items. These bakery items are known for being high in calories and nutritional value. The increasing demand for such bakery products is expected to contribute to the growth of the cookies and crackers market. For example, according to stats sourced from Euromonitor International in October 2022 and published on the Government of Canada official website, retail sales of baked goods in the U.S. reached $67.9 billion in 2021 and are projected to reach $75.8 billion in 2026. Therefore, the upward trend in the consumption of bakery products is a key driver for the growth of the flour market.
The growth in population is anticipated to be a driving force for the flour market. Population refers to the increase in the total number of people residing in a specific area, region, or country, resulting in demographic expansion. The rise in population contributes to increased flour consumption, given its versatile use in various food products and staple diets globally. As of mid-November 2022, according to the United Nations, a U.S.-based intergovernmental organization, the global human population reached 8.0 billion and is expected to grow by approximately 2 billion individuals over the next three decades, reaching 9.7 billion by 2050. Therefore, the projected increase in population is expected to stimulate the growth of the flour market.
Major companies in the flour market are increasingly dedicated to developing innovative solutions, including improved nutritional profiles and functional ingredients, to satisfy evolving consumer demands for health and wellness. Enhanced nutritional profiles involve the addition of extra vitamins, minerals, and fibers to flour products, making them more attractive to health-conscious consumers. For example, in March 2023, Societe de Transformation Alimentaire, a food processing company based in Niger, introduced Vitamil +, a fortified flour product designed to offer superior nutritional benefits. Vitamil + provides a blend of enriched vitamins and minerals, catering to the rising demand for functional foods. This innovative product not only boosts the nutritional value of baked goods and other flour-based products but also aligns with the growing consumer preference for healthier food options in the flour market.
Major companies in the flour market are actively pursuing advanced solutions, such as high-fiber wheat flour, to address changing consumer preferences for healthier and more functional food choices. High-fiber wheat flour is a type of flour that contains an elevated concentration of dietary fiber derived from wheat grains, promoting digestive health and offering potential nutritional benefits. As an illustration, in March 2023, the Bay State Milling Company, a U.S.-based plant-based ingredient provider, introduced Wingold Wellness multi-purpose flour. This innovative flour boasts three times the gut-friendly fiber content of standard refined wheat flour while retaining identical taste, functionality, and quality. It serves as a rich fiber source for various applications, including pizza, pasta, bread, and tortillas, without the need for additional fiber additives. Crafted exclusively from wheat, this forward-thinking flour provides retail and wholesale bakeries, as well as manufacturers, with a convenient and cost-effective solution to enhance a product's nutritional value without requiring formulation modifications.
In September 2023, Grain Processing Corporation, a US-based company specializing in grain processing and agricultural products, broadened its operations by acquiring a specialty flour milling facility for an undisclosed amount. This acquisition was intended to enhance Grain Processing Corporation's product offerings in the specialty flour segment, with a focus on improving production capabilities and addressing the increasing demand for diverse flour products. The newly acquired facility, situated in the US, is known for its expertise in producing high-quality specialty flours that are tailored to various applications within the food industry.
Major companies operating in the flour market include The Archer-Daniels-Midland Company, Bunge Limited, General Mills Inc., Conagra Brands Inc., Ingredion Incorporated, Hindustan Unilever Limited, Ardent Mills, Horizon Milling LLC, Dangote Flour Mills plc, Grain Millers Inc., King Arthur Baking Company Inc., Bay State Milling Company, Idaho Pacific Corporation, Mennel Milling Company, Interflour Group Pte. Ltd., Grain Craft, Miller Milling Company, Bob's Red Mill Natural Foods, Siemer Milling Company, Arrowhead Mills Inc., Hodgson Mill Inc., Lakeside Mills Inc., Sunrise Flour Mills, Great River Organic Milling, Star of the West Milling Company, Hayden Flour Mills, Heartland Mills Inc., US Durum Milling Inc., Carr's Flour Mills Ltd., FWP Matthews Ltd., Wilkins Rogers Mills, Wudeli Flour Group, Wilmar International Limited
Asia-Pacific was the largest region in the flour market in 2024. The regions covered in the flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the flour market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The flour market consists of sales of white whole wheat, semolina, rye, and barley flour. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Flour Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on flour market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for flour ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flour market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.