USA Flour Market Shipment Analysis
USA Flour Market registered a growth of 38.74% in value shipments in 2022 as compared to 2021 and an increase of 10.91% CAGR in 2022 over a period of 2017. In Flour Market USA is becoming more competitive as the HHI index in 2022 was 3291 while in 2017 it was 8775. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
USA has reportedly relied more on imports to meet its growing demand in Flour Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Flour Market in 2022 was 1.76 while in 2017 it was 0.84. Canada, India, Italy, Mexico and Rep. of Korea were among the top players of the market in 2022, where Canada acquired the largest market share of 53.4% with a shipment value of 190.3 million USD in 2022 Canada also offered the product below the average market price thus having a competitive advantage over others In 2017 Canada had the largest market share of 93.64% with the shipment value of 129.26 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Canadaprice is lower than the average price, it provided a significant edge among other competitor in 2017.
United States (US) Flour Market Synopsis
United States (US) flour market is expected to gain sound revenues during the upcoming years. The market is driven by the increasing demand for processed and packaged food, as well as the growing popularity of baking at home.
According to 6Wresearch, the Unites States (US) Flour Market size is expected to grow during 2022-2028. Flour is a powder made by grinding cereal grains, such as wheat, rye, oats, and barley. It is the main ingredient in bread, pastry, and pasta. In the United States, wheat is the most common type of grain used to make flour.
United States (US) Flour Market Dynamics
The US flour market is expected to grow during the forecast period. The major drivers for the market growth are the growing demand for bakery products, increased exports to Asia-Pacific and Latin American countries, and the rising popularity of healthy and gluten-free foods. However, the volatile prices of wheat and other raw materials are expected to restraint the market growth during the forecast period.
Global Comparison of United States flour market
The United States flour market is the largest in the world, accounting for around 30% of the total global production. This is significantly higher than the next largest flour producer, China, which only produces around 15% of the world’s flour.
The US flour market is also much larger than the European Union (EU) flour market, which only accounts for around 10% of global production. This is despite the fact that the EU has a population that is almost twice as large as that of the United States.
One reason for the large size of the US flour market is the high demand from the food industry. The US food industry is the largest in the world and it uses large amounts of flour in a variety of products. Another reason for the large size of the US flour market is the high level of per capita consumption in the United States. Americans consume more flour per person than any other nationality.
Opportunities and Challenges in US Flour Market Growth
The United States along with North America Flour Market presents both opportunities and challenges for companies operating in the industry.
On the opportunity side, the US flour market is large and growing. The country is the world’s largest producer and consumer of flour, with a production volume of around 15 million metric tons in 2019. This figure is expected to grow to 16 million metric tons by 2024. The growing demand for flour is being driven by factors such as population growth, the increasing popularity of baked goods, and the rising demand for gluten-free products.
The challenges in the US flour market include intense competition and high raw material costs. There are a large number of companies operating in the industry, all vying for a share of the market. This fierce competition means that companies must work hard to differentiate their products and offer value to consumers. Additionally, raw materials such as wheat are subject to price fluctuations, which can impact margins and profitability.
Key Players in the United States (US) Flour Market
There are a number of key players in the United States (US) flour market. Some of the leading companies in the market include Ardent Mills, General Mills, and Conagra Brands. These companies hold a significant share of the market due to their strong brand recognition and wide product portfolios.
Other notable companies in the US flour market include ADM Milling Company, Hodgson Mill, and Bob’s Red Mill. These companies are also well-established in the market and offer a range of products to meet the needs of consumers.
The US flour market is highly competitive due to the presence of a large number of players. Companies are engaged in intense competition to gain a larger share of the market. They are investing heavily in research and development to develop new and innovative products.
The major players in the US flour market include Ardent Mills, General Mills, King Arthur Flour Company, Pillsbury Company, ConAgra Foods, and ADM Milling Company.
Market Analysis by Application
The major applications for flour in the US market are baking, thickening, and coating. Baking is the largest application segment for flour. Thickening applications include gravies, sauces, soups, and stews. Coating applications include breading for fried foods such as chicken or fish.
Impact of COVID-19 on United States (US) Flour Market
Due to the onset of the pandemic almost all the industries suffered a major downturn. However, the flour retailers forced themselves to build their online presence as people shifted to online grocery to curb the spread of the disease. The sale of flour in the US experienced a decline due to the health emergency.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- United States (US) Flour Market Outlook
- Market Size of United States (US) Flour Market, 2021
- Forecast of United States (US) Flour Market, 2028
- Historical Data and Forecast of United States (US) Flour Revenues & Volume for the Period 2018 - 2028
- United States (US) Flour Market Trend Evolution
- United States (US) Flour Market Drivers and Challenges
- United States (US) Flour Price Trends
- United States (US) Flour Porter's Five Forces
- United States (US) Flour Industry Life Cycle
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Raw Material for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Wheat for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Rice for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Maize for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Applications for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Bread & Bakery Products for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Noodles & Pasta for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Animal Feed for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Wafers, Crackers, & Biscuits for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Non-Food Application for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Technology for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Dry Technology for the Period 2018 - 2028
- Historical Data and Forecast of United States (US) Flour Market Revenues & Volume By Wet Technology for the Period 2018 - 2028
- United States (US) Flour Import Export Trade Statistics
- Market Opportunity Assessment By Raw Material
- Market Opportunity Assessment By Applications
- Market Opportunity Assessment By Technology
- United States (US) Flour Top Companies Market Share
- United States (US) Flour Competitive Benchmarking By Technical and Operational Parameters
- United States (US) Flour Company Profiles
- United States (US) Flour Key Strategic Recommendations
Markets Covered
The report offers a comprehensive study of the subsequent market segments:
By Countries
- South Africa
- Nigeria
- Kenya
- Rest Of Africa
By Types
- More Than 95%
- 90% - 95%
- Less Than 90%
By Applications
- Eye Drops
- Compound Ointment
- Sulfate Tablets
- Other
United States (US) Flour Market: FAQs
Some of the leading companies in the market include Ardent Mills, General Mills, and Conagra Brands.
Yes, the report includes the impact of coronavirus pandemic.
Baking is the largest application segment for flour.
The study period of the report is 2022-2028.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com
