Market Synopsis:
The growing consumption of bakery items across the globe is expected to boost the bread flour market 2022 The rise in modern lifestyle is likely to raise the demand for various fast foods, such as; pizzas, burgers, donuts, and others, which can strengthen the market during the evaluation tenure. The product's requirement is expected to boost the number of confectionaries and fast-food joints which can actuate the bread flour trade.
According to Market Research Future (MRFR), the global Bread flour market size is expected to grow at a 7.3% CAGR and reach USD 977.9 million by 2030.
Furthermore, the growing popularity of wellness trends can escalate the demand for gluten-free flour alternatives, such as; rice flour and corn flour, which is projected to boost the market in the coming period. On the flip side, the mismanagement regarding warehousing that harms food grains is anticipated to obstruct the market during the evaluation period. However, the growing population and rise in disposable income are expected to counter impeding causes, which can enhance bread flour sales.
Market Segmentation:
The segmental analysis of the global bread flour market is done by type, source, specialty features, and distribution channel.
The type-based segments of the global bread flour trade market are all-purpose flour, plain flour, whole grain flour, others. Among all, all-purpose flour is expected to dominate the market during the review period.
The source-based segments of the global bread flour trade market are wheat, rice, rye, others. Among all, wheat flour us anticipated to dominate the market during the forecast period.
The specialty features-based segments of the global bread flour trade market are organic, gluten-free, bleached, unbleached, others. Among all, Organic bread flour is expected to lead the global market during the review period.
The distribution-channel-based segments of the global bread flour trade market are store based and non-store-based channels. Among all, store-based channels are expected to dominate the global market during the review period.
Regional Analysis:
Based on the region, the global market is segmented into North America, Europe, Asia-Pacific, and the Middle East Africa. As per the analysis, the Europe market is anticipated to dominate the global market due to the rising consumption of the bread as a key food. The increasing production of breads in the region due to the rise in demand for varieties of bread is anticipated to support the regional market in the coming period. The UK is anticipated to make the most significant participation during the review period.
North America is predicted to acquire significant market value during the forecast period due to the surging consumption of baked food. The demand for gluten-free breads is anticipated to further drive the regional market during the assessment period. Besides, the expansion of food and beverage sector can augment the market in the coming period.
The APAC region is expected to acquire significant market value during the assssment tenure owing to the rising demand of breads among the soaring population in the emerging countries like India and China. Furthermore, the growing health consciousness among people is expected to put a demand for healthy breads which is expected to drive the regional market.
The MEA region is expected to acquire a small amount of market share during the review period owing to the prevailing unawareness.
Key Players:
Some of the established the global Key Bread Flour Market Players are General Mills, Inc. (U.S.), Associated British Foods plc. (U.K.), Goodman Fielder (Australia), and Conagra Brands Inc. (U.S.).
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