Growing Demand for Wheat Flour Market Due to Multiple Applications in Various Segments in the Food industry
The global flour market is expected to grow in the near future with continuous growth in applications and introduction of innovative products. Increase in expenditure on food due to increase in consumption of fast food, sustained growth in global population, and increase in per capita income are some of the major drivers of global flour market. Rise in consumption of ready-to-eat food and bakery products, changing tastes of millennial generation, and increasing propensity to try new food products are some of the secondary factors driving the flour market.
With the increased price especially from developed countries, the demand for strong and healthy food products is increasing, thus increasing the demand for value added flour. The introduction of gluten-free flour products has boosted the flour market among a growing number of gluten intolerant and health-conscious consumers. Rising demand for gluten-free products has fueled the demand for rice, maize, maize and soya flour. The introduction of flour with high protein content is attracting the attention of the consumers.
The introduction of flours with different and varied flavors and their innovation in the bakery and food industries is snowballing into the global flour market. The increasing use of roux and baby food has fueled the fortified flour market in recent years. The increasing number of people with pets has led to a growth in the pet food industry, which has ultimately had a positive impact on the flour market. Certain non-food-based applications of flour, such as bio-plastics and gum production, are also encouraging the global flour market. Thus, with increasing demand and variety of applications, the global flour market is expected to grow positively in terms of value and volume during the forecast period.
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