ID: MRFR/F-B & N/3018-HCR | 110 Pages | Published By Snehal Singh on March 2023
Bread flour market size is expected to grow at a 7.3% CAGR and reach USD 977.9 million by 2030.
Bread Flour Market size is projected to be worth USD 977.9 million by 2030, registering a CAGR of 7.3% during the forecast period. Bread Flour Market Size is expanding at a rapid pace. Today, bread flour is an important ingredient in the bakery industry. There are lots of elements that make the bread flour. Today, healthy bakery goods are gaining more traction in recent years. Internationally, bread is the most consumed cuisine. These factors raise the demand for the Bread Flour Market.
This staple food is the favourite of many as it is rich in protein. Protein helps the bread flour to rise and bake. Various bread types are made with flour. There are sourdough bread, bagels, cinnamon bun, pretzel and dinner rolls. All these dishes with bread are very popular. Apart from its popularity bread is a food item that is affordable and easily available. Demand from the bakery industry is a factor that drives demand in this market.
Further, there are lots of end-users for the market such as restaurants and the fast-food industry which is having high demand. Further, bread is an essential food item that is consumed by millions during a pandemic. There are clean, fortified and organic bread varieties in the market. Due to all these varieties, the demand for the market is constantly growing. All these are factors responsible for Bread Flour Market Value.
The covid 19 pandemic is causing drastic changes in the global markets. The economic condition of the nations is worsening in this period. There are lots of trade restrictions in the market. Low production rates and supply chain disruptions are challenges in many markets. The bread flour market is facing a few challenges. The manufacturing facilities of the market are facing restrictions. As bread is an essential product the growth of this market is immense.
In covid 19 periods, there is a high need for bread in many countries. All these factors raise the demand and supply of the market in the forecast period. The spending on bread and baked products are continuously surging. In the upcoming years, the production of this market is expected to rise. From 2021 the restriction in the production of bread and flour is resuming. All these factors will contribute to a positive Bread Flour Market Outlook.
Crucial market drivers
The growing demand for bakery goods is raising demand for the bread flour market. There is a variety of bakery goods available in the market. In recent years, many markets are launching new bakeries that raise the use of bread flour. New dishes and delicious baked goods raise the overall demand for this market. Furthermore, the rising awareness about healthy food is another factor driving demand. There are many healthy foods with bread flour that is enhancing health. Any offering high protein these food items help to keep the body fit and healthy.
Due to these drivers profitability of the market is expected to rise in the forecast period. Furthermore, the shifting consumer trends are another factor leading to high demand. Today, the consumer prefers light and healthy food. Bread is one of the light and low-calorie foods available. Further, there are organic foods that are gaining more popularity among consumers.
The rising disposable income of the indviduals is another demand driving factor of the market. Today, disposable income is surging rapidly in developing nations. Due to this spending of customers are increasing. The growth in disposable income will have a positive impact on this market. As per Bread Flour Market Forecast these drivers will lead to expansion.
Market growth opportunities
The research in the bread flour market is growing at an exponential pace. The R&D will rise Bread Flour Market Growth opportunities. There are high-end researches that suggest the usage of bread flour effectively. Various new products are launched as a result of high research. There are new product launches in the market that are creating more growth opportunities. From the bread flour, thousands of food and bakery items are made. In the upcoming years, there is expected to be more variation in the market.
Especially new pizza bases, bread types and bakery goods will launch. All these products will contribute to the growth of the bread flour market. Furthermore, expansion of the bread flour market will contribute to growth. There are many segments in bread flours. In recent years, organic ad fortified bread flours are gaining huge popularity.
Fortified bread floors contain the highest nutrient value. Further, organic bread flour is completely healthy. There is no ingredient in the organic bread flour that is unhealthy. Due to all these developments, the overall supply of the market is expected to rise. All these are factors that will lead to new growth possibilities for the market.
The market restraints
Bread flour is a common ingredient required in any food industry. There is a high need for bread flour in many countries. Further, it is a market with lots of key players. The competition in the market is huge. The bread flour market competition is rising rapidly in the coming years.
Due to heavy competition, there can be many restraints in the market. Pricing pressure is a common restraint that can affect the development of this market. Due to high competition, many players keep their costs very low. This can hinder the profitability of the market. Further, the growth rate can hamper due to these reasons.
The market challenges
The shifting preferences of consumers are a challenge of the market. The bread flour market has many variations. Further, the cosines with this bread flour vary greatly. Due to the wide range of variety, consumer preference keeps changing. This is a challenge for the key player.
The production of the market depends upon consumer preference. However, this shift in the preference of customers can create problems in production. There are chances of high wastage in the market. All these are market challenges that can affect market growth.
Cumulative growth analysis
Bread Flour Market Trends is positive in the forecast period. Many factors contribute to surging growth. Demand for bakery goods is a crucial market driver. Further, there is health awareness among the customers that are leading to high demand for organic bread flour. Further, the growing disposable income is a significant driver in the market.
Rising demand for organics and fortified bread segmentation is a factor that increases demand. Further, the restraints in the market are high competition and shifting preferences. These factors can hamper the growth rate. Also, promising growth opportunities such as product launches will increase profitability.
Value chain analysis
Europe is a leading region with the highest Bread Flour Market Shares. The bread flour market is booming in Europe. It is a region that is accounted for the high production of bread flour. Further, there are lots of countries in Europe that has bread as their important cuisine. There are authentic bread varieties in this market. Further, the food industry has the highest demand for bread flour.
Also, the bakery industry has surged the demand for bread flour. High consumption of staples is bread in this region. All these factors add up to the growth of this market. Due to these factors, it is a region that will market the highest revenue rate in the forecast period.
Bread Flour Market by source
Bread Flour Market by type
Bread Flour Market by feature
Bread Flour Market by geography
The competition in the bread flour market is massive. In the forecast period, there is high price competitiveness among key players. Acquisitions, mergers, partnerships and collaborations will happen in this market. Also, new product launches will happen in a competitive landscape.
As per Bread Flour Market Analysis, there are key regions in the market. North America, Europe and the Asia Pacific are key regional players in the market. Europe is the largest market with the highest number of shares. The consumer base in the market is surging. There is a variety of bread in the market that leads to high demand. Further,
North America is the next largest region with the highest shares. Consumer spending on bread flour-based products is higher. The Health consciousness of customers is leading to high demand in the market. Further, Asia Pacific is the next largest region with the highest shares. There is the rapid expansion of the bread flour market. Rising disposable income is another important factor for growth.
The key players of Bread Flour Market are
|Market Size||USD 977.9 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Source, Type, Specialty Features, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||General Mills, Inc. (U.S.), Associated British Foods plc. (the U.K.), Goodman Fielder (Australia), King Arthur Flour Company, Inc. (U.S.), Conagra Brands Inc. (U.S.), Archer Daniels Midland Company (U.S.)|
|Key Market Opportunities||Rising demand for organics and fortified bread segmentation, New product launches in the market|
|Key Market Drivers||Growing demand for bakery goods, Rising awareness about healthy food, Shifting consumer trends, Growth in disposable income|
Europe is the crucial region with the highest number of shares.
Wheat is the key market segment with the highest shares.
General Mills, Inc. (U.S.), Associated British Foods plc. (the U.K.), Goodman Fielder (Australia), King Arthur Flour Company, Inc. (U.S.), Conagra Brands Inc. (U.S.), Archer Daniels Midland Company (U.S.) are key players of the bread flour market.
Bread flour market is expected to touch a value of USD 977.9 million by 2030.
Bread flour market can showcase a CAGR of 7.3% from 2022 to 2030.