NEW YORK, Jan. 21, 2016 /PRNewswire/ -- Market outlook of the flour market
Technavio's market research analyst predicts the global flour market to grow at a CAGR of 4% during the forecast period. The extensive use of flour in the bakery, bread, and gluten-free products is the driving the growth of the market worldwide. Europe is expected to lead the global four market by the end of 2019. The development of the flour milling industry in APAC, especially in India and China is expected to boost the flour market.
However, the volatility of raw materials is one of the main challenges for the vendors in this market. Ensuring safe and healthy animal feed is expected to affect the market growth during the forecast period. There has been a significant increase in the prices of transportation owing to rising fuel prices. The hike in transportation is anticipated to affect the manufacturers who would find it difficult to reduce their operating costs and maintain their profitability.
Geographical segmentation and analysis of the global flour market
- North America
Europe accounted for around 33% of the global market shares during 2014. The research report predicts Europe to dominate the market during the forecast period. The growing demand for bread and bakery products and the awareness regarding gluten free food items are driving the growth in this region.
Competitive landscape and key vendors
The global flour market is predicted to witness consolidation due to competition during the forecast period. The influx of private labels in the market is also expected to increase by the end of 2019.
The leading vendors in the market are
- Ardent Mills- ABF- ConAgra- General Mills- Goodman Fielder- HUL- King Arthur Flour
Growth drivers, challenges, and upcoming trends: Wet milling technology
Upcoming trends such as the growing demand for non-food applications of flour is gaining popularity in the market. The emerging scope of application of wet milling technology in comparison with dry milling process is expected to augment the growth of flour market.
This research report provides a number of factors contributing to the adoption, limitations, and opportunities of the global flour market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global flour market?
- What are the Key market trends impacting the growth of the global flour market?
- What are the challenges to market growth?
- Who are the key vendors in the flour market?
- What are the market opportunities and threats faced by the vendors in the flour market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global flour market?
Technavio also offers customization on reports based on specific client requirement.
Read the full report: http://www.reportlinker.com/p03571279-summary/view-report.html
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