The toasted flour market size is expected to see strong growth in the next few years. It will grow to $93.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The forecasted growth can be attributed to growing consumer demand for premium baked goods, a heightened focus on health and wellness, increasing utilization of toasted flour in bakery items, a rising preference for natural and flavorful ingredients, and a growing market for non-wheat-based flours. Major trends expected in the forecast period include advancements in technology, expansion of gluten-free options, sourcing driven by sustainability concerns, integration into convenience food products, and improvements in packaging solutions.
The toasted flour market is poised for growth driven by increasing demand for bakery products. Bakery items such as bread, cakes, muffins, and pastries are favored for their convenience, diverse flavors, artisanal quality, and health-conscious ingredients. Toasted flour enhances these products with a distinctive nutty and roasted flavor, enriching taste, complexity, and visual appeal. For example, the Italian bakery industry saw a 2.6% increase in production in 2021 compared to 2020, totaling 13.1 million tons, as reported by the National Center for Biotechnology Information, highlighting the rising popularity of bakery goods and its impact on the toasted flour market.
Leading companies in the toasted flour market are innovating with products such as multi-purpose flour to meet demand for sustainable and health-focused options. Multi-purpose flour, derived entirely from plant ingredients, offers versatility and sustainability in baking and cooking. For instance, Bay State Milling Company introduced Wingold Wellness multi-purpose flour in March 2023. This flour blend contains three times more gut-healthy fiber than traditional refined wheat flour, supporting digestive health without compromising on taste or quality. Ideal for baking bread, pastries, and savory dishes, it meets the needs of health-conscious consumers seeking dietary improvements.
In January 2022, Benson Hill Inc., an agricultural biotechnology company, acquired ZFS Creston LLC's soy flour processing operation for approximately $102 million. This acquisition enhances Benson Hill's capabilities in soy flour processing, utilizing a new facility in Iowa to strengthen its market position. ZFS Creston LLC specializes in producing and manufacturing toasted and roasted soy flour, contributing to the diversified offerings in the toasted flour market.
Major companies operating in the toasted flour market are Cargill Inc., Archer Daniels Midland Company, PepsiCo Inc., Bunge Milling Inc., Mondelēz International, General Mills, Pilgrim's Pride, Conagra Brands Inc., The Hershey Company, ITC Limited, J.M. Smucker, TreeHouse Foods, Pinnacle Foods, Hain Celestial Group, Ardent Mills Corporate, Molinos Juan Semino SA, Bob's Red Mill Natural Foods Inc., Grain Millers, King Arthur Baking Company Inc., Minsa Corporation, Hodgson Mill, Montana Milling Inc.
Europe was the largest region in the toasted flour market in 2023. The regions covered in the toasted flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the toasted flour market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Toasted flour is flour that has been lightly browned either in a dry skillet or oven. This toasting process enhances the flour with a nutty flavor and gives it a slightly darker hue. It serves to enrich dishes by adding depth and complexity to their flavors, making it a valuable technique across a range of recipes.
The primary types of toasted flour include soybean flour, corn flour, wheat flour, and others. Soybean flour, derived from ground soybeans, is notable for its high protein, fiber, and nutrient content, often serving as a gluten-free alternative to wheat flour in baking and cooking. These products are available through various distribution channels such as hypermarkets, convenience stores, and online platforms, and find application in diverse culinary uses including bread and bakery items, noodles, pasta, crackers, cookies, and biscuits.
The toasted flour market research report is one of a series of new reports that provides toasted flour market statistics, including toasted flour industry global market size, regional shares, competitors with a toasted flour market share, detailed toasted flour market segments, market trends, and opportunities, and any further data you may need to thrive in the toasted flour industry. This toasted flour research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The toasted flour market consists of sales of toasted almond flour, toasted coconut flour, toasted chickpea flour, toasted buckwheat flour, and toasted oat flour. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Toasted Flour Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on toasted flour market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for toasted flour? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The toasted flour market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Soybean Flour; Corn Flour; Wheat Flour; Other Types2) By Distribution Channel: Hypermarkets; Convenience Stores; Online Stores
3) By Application: Bread And Bakery Products; Noodles And Pasta; Crackers, Cookies And Biscuits
Key Companies Mentioned: Cargill Inc.; Archer Daniels Midland Company; PepsiCo Inc.; Bunge Milling Inc.; Mondelēz International
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Cargill Inc.
- Archer Daniels Midland Company
- PepsiCo Inc.
- Bunge Milling Inc.
- Mondelēz International
- General Mills
- Pilgrim's Pride
- Conagra Brands Inc.
- The Hershey Company
- ITC Limited
- J.M. Smucker
- TreeHouse Foods
- Pinnacle Foods
- Hain Celestial Group
- Ardent Mills Corporate
- Molinos Juan Semino SA
- Bob's Red Mill Natural Foods Inc.
- Grain Millers
- King Arthur Baking Company Inc.
- Minsa Corporation
- Hodgson Mill
- Montana Milling Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 64.4 Billion |
Forecasted Market Value ( USD | $ 93.64 Billion |
Compound Annual Growth Rate | 9.8% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |