A new market study, titled “Global Flour Market Analysis, Forecast to 2022”, has been featured on Allied Market Research.
Portland, OR -- (SBWIRE) -- 05/14/2019 -- Flour Market report, published by Allied Market Research, forecasts that the global market is expected to garner $270,895 million by 2022, growing at a CAGR of 4.4% during the period 2016 - 2022. The wheat segment dominated this market, occupying more than three-fourths of the total share of revenue in 2015.
Rise in health concerns for high-protein flour provides impetus for product innovation in alternatives such as rice flour, maize flour, corn flour, and soya flour. Owing to the urbanization and modern lifestyle, the demand for flour-based foods has boomed the market.
Request A Sample of Global Flour Market @: https://www.alliedmarketresearch.com/request-sample/1803
Expansion of commercial farmlands and growth of aquatic feed industry in Asia-Pacific have raised the application of flour in animal husbandry. Growth in the global population and rise in per capita income are two major drivers of the market. Furthermore, increase in average selling price of flour in most of the countries has positively impacted the growth in the market.
Major companies profiled in the report 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, and Willmar International.
Get a purchase enquiry@: https://www.alliedmarketresearch.com/purchase-enquiry/1803
The rice segment is expected to witness the highest growth during the forecast period, owing to increasing use of rice-based food products and rising demand for rice in regions where people possess relatively low per capita disposable incomes.
In 2015, the bread & bakery products segment occupied approximately two-fifths of the overall flour market revenue, and is anticipated to maintain its dominance throughout the forecast period. This is due to increase in use of a diverse variety of flours in the production of bread and other bakery products as well as rise in trend of adoption of on-the-go food habits, especially among youngsters worldwide.
Key Findings of Flour Market:
- Wet technology segment is anticipated to grow at the fastest rate during the analysis period.
- Asia-Pacific is estimated to continue to lead the market, growing at a CAGR of 4.9%, in terms of revenue.
- Noodles & pasta occupied for more than two-ninths of the total share of the global flour market in 2015.
- Non-food application is estimated to grow at the highest CAGR of 6.5%, in terms of revenue.
- Others segment is expected to show a significant growth in the Asia-Pacific region.
Access full report@: https://www.alliedmarketresearch.com/flour-market
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060