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Commercial Flour Market Trends

Report ID: GMI11935
Published Date: Oct 2024
Report Format: PDF

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Commercial Flour Market Trends

Sustainability is gaining prominence in the flour industry. Numerous manufacturers are pledging to lessen their environmental impact by embracing green energy solutions, curtailing water usage, and opting for eco-friendly packaging. This pivot towards sustainable practices aligns with global endeavors to combat climate change and minimize waste. According to the U.S. Department of Agriculture (USDA), the adoption of sustainable practices in agriculture has increased by 15% over the past five years, reflecting a broader industry trend.

Global trade policies and shifting supply chain dynamics have notably influenced the commercial flour market. Over the last decade, the grain market has experienced price volatility due to fluctuating commodity prices, tariffs, and geopolitical events, subsequently impacting global flour prices. Yet, there's a discernible shift towards regional sourcing, with countries aiming to bolster domestic grain production and lessen import reliance. This trend is especially pronounced in Europe and North America, where local sourcing strategies are gaining traction. The European Commission reports a 10% increase in domestic grain production initiatives in the past three years.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for commercial flour was reached USD 51 billion in 2023 and is estimated to grow at a 3.9% CAGR from 2024 to 2032, driven by changing consumer preferences and technological advancements.

The conventional flour segment was worth over USD 37.6 billion in 2023 and is anticipated to expand at a 4.4% CAGR during 2024 to 2032, driven by its cost-effectiveness and prevalent use in industrial food production.

The wheat flour segment was surpassed USD 25.9 billion in 2023 and is predicted to register about 4.6% CAGR from 2024 to 2032, thanks to its widespread availability and pivotal role in staple foods.

The U.S. commercial flour market size is anticipated to reach USD 9.8 billion in 2023 and is expected to grow at a 3.9% CAGR through 2032, shaped by shifting consumer preferences and industry advancements.

Major players in the commercial flour industry include Ardent Mills, ADM, Cargill, Conagra Brands, General Mills, Grain Craft, Hodgson Mill, Ingredion, King Arthur Baking Company, North Dakota Mill, and Wheat Montana.