Estimates show that global flour market is growing of 4 percent and Europe is expected to lead the global flour market by the end of 2019.
Technavio's market research analyst predicts the global flour market to grow at a CAGR (compound annual growth rate) of 4% during the forecast period. The extensive use of flour in the bakery, bread, and gluten-free products is 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.
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. 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.