Toasted Flour Market: Global Industry Analysis and Forecast (2024-2030)
Toasted Flour market Size was valued at USD 60.43 Billion in 2023. The market is expected to grow at a CAGR of 8.64% during the forecast period of 2024-2030 reaching nearly USD 118.6 Billion by 2030.
Format : PDF | Report ID : SMR_2466
Toasted Flour Market Overview
Toasted flour is toasted in an oven or on a stovetop to give food a distinct flavor, uses to add a unique taste to food products. Toasted flour is a common ingredient made from wheat, soybean, corn, and rice, widely used to enhance the flavor and richness of baked goods including breads, cookies, and pastries. Toasted flour gives a natural taste, offer a nutty and smoky flavor to the baked goods.
The toasted flour market is expected to grow during the forecast period 2024-2030, driving by the rising home baking trend and the growing consumer demand for tasty and gluten-free products. Toasted flour is provided as the natural and minimum processed ingredients making it attractive to health-conscious consumers.
The toasted flour market is segmented into various regions including North America, Asia-Pacific, Europe, Middle East and Africa, and South America. Europe region dominated the toasted flour market with the largest market share in 2023. The European toasted flour market is growing due to the rising use of toasted flour in bakery and gourmet products. Increasing demand for baked products in countries like China, India, Japan, South Korea, and Indonesia driving the growth of the Asia Pacific region over the forecast period 2024-2030.
The Major Key players in the toasted flour market are the P&H Milling Group, Archer Daniels Midland Company, Grain Processing Corporation, Cargill, Inc., ITC Limited, King Arthur Flour Company, Inc., and others. ITC’s diverse product portfolio, including flour and baked goods, provides it with a broad base to introduce and incorporate toasted flour into its products. Toasted flour is widely used in various products, including savory snacks, soups, and artisanal breads and pastries, due to its adaptability toasted flour market is anticipated to hold the largest market share in upcoming years.
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Toasted Flour Market Dynamics
Toasted Flour Market Drivers
Rising use to enhance the flavor of sweet and savory dishes
Toasted flour is a flavourful ingredient that enhances the taste and texture of many dishes, which increases the demand for toasted flour. Toasted flour having a smooth, velvety texture and nutty flavor, toasted flour gives sauces and soups a versatile thickness. Toasted flour when combined with hot liquids such as stocks, broths, or pan drippings, toasted flour helps to create a creamy and smooth texture without the raw taste often associated with raw flour. In culinary recipes aiming for a crispy golden exterior cover, toasted flour used as a coating for fried meals. When frying vegetables, fish, and chickens the coating of toasted flour provides a flavorful and crunchy taste. Similar to its use in sauces and stews, toasted flour can be used as a thickening agent in soups and stews. Adding toasted flour into boiling liquids, such as vegetable soups or beef stews, helps create a rich and comforting texture while enhancing the dish's overall flavor profile. Similarly, toasted flour can be a flavorful breading for recipes including meat, poultry, and seafood dishes. The usage of toasted flour is growing rapidly as a way to improve food's flavor and give it a crunchy, crispy texture, which drives market growth.
Consumer health awareness
Growing consumer awareness of health and wellness is significantly driving the demand for toasted flour, especially types that offer extra nutritional benefits. As more individuals focus on maintaining a healthy lifestyle, there is growing interest in ingredients that support their nutritional goals. Due to rising awareness about food allergies and intolerances, there is a growing market for toasted flours that do not contain allergens, such as gluten. Gluten-free toasted flours provide to individuals with celiac disease or gluten sensitivity. Toasted flour that is high in fiber or gluten-free is a good fit for the health-conscious consumers' preferences and who have dietary restrictions. Consumers are increasingly looking for ingredients that offer extra nutritional value. Toasted flour that is enriched with vitamins, minerals, or antioxidants caters to this demand, offering benefits beyond traditional flour. This drives manufacturers to innovate and offer toasted flour products that cater to specific health needs, making them more attractive to people looking for nutritious and functional food options.
Opportunities
Rising demand for artisanal and gourmet baking rises toasted flour's popularity
The rising demand for artisanal and gourmet baking has significantly influenced the toasted flour market. Because of its distinct flavor profile and ability to enhance texture, toasted flour has become a useful ingredient as more people look for high-quality, unique ingredients to boost their baking experiences. Toasted flour is becoming more and more popular among gourmet food enthusiasts and artisan bakers as a way to give their recipes depth and complexity. The toasting foods add a nutty, slightly caramelized flavor that improves everything from bread and pastries to cookies and cakes. This growing trend indicates of a larger shift towards more sophisticated and personalized culinary dishes, where the choice of ingredients influence the final product. Because of this, toasted flour is gaining more popularity among professional bakers as well as in home bakers, who are keep trying new flavors and methods. This driving demand for toasted flour, creating opportunities for producers to develop products and market to grow.
Challenges
Wheat and other grain price fluctuations impact toasted flour production cost
Fluctuations in the prices of wheat and other grains can greatly impact the production costs for toasted flour. Wheat, is the main raw material for toasted flour, is subject to market volatility influenced by factors such as weather conditions, crop yields, and geopolitical developments. When wheat prices rise due to poor harvests, unfavourable weather, or increased overall demand, the cost of raw ingredient also increases. This rise in raw material costs directly affects the overall production cost for toasted flour. Other grains used in the production of specialized toasted flours can experience similar price volatility. The higher raw material costs often lead to increased production costs, which may be passed on to customers in the form of higher prices.
Toasted Flour Market Segment Analysis
By Type
By type, the wheat flour segment dominated the global toasted flour market share in 2023, due to the rising popularity of wheat flour as a versatile and nutritious ingredient in culinary applications worldwide. Traditional toasted wheat flour is the most common ingredient, valued for its rich, nutty flavor and versatility in baking and cooking. This segment is expected to dominate the toasted flour market in the forecast period of 2024-2030, driven by sustained growth and innovation in the industry.
By Application
The bread & bakery products segment held the highest market share in 2023, due to the consumer preference for toasted flour in the production of various bread and bakery products. Bakery products, including bread, cakes, and cookies, uses toasted flour to add a unique taste and improve texture, improving the overall experience of consumers. The versatility of toasted flour in creating a wide range of baked goods has gain its position as a staple ingredient in the bakery industry, driving significant growth in the forecasting period of 2024-2030.
The Crackers, cookies and biscuit segment expected to grow fast during the forecast period of 2024-2030, driven by the rise in use of toasted flour market to enhance the flavor and quality of products like crackers and chips.
Tasted Flour Market Import-Export Analysis
In the Asia-Pacific region, China, India, and Japan were the prominent importers of toasted flour in 2023. China is a major player in this market, driven by its expanding food processing sector and the need to meet the diverse food demands of its rapidly growing urban population. India also plays a significant role, with its burgeoning food industry and increasing consumer appetite for baked goods and processed foods fueling its imports of toasted flour. Meanwhile, Japan relies on imported toasted flour to support its sophisticated food manufacturing and bakery sectors, which require top-quality ingredients for both traditional and innovative culinary creations.
European Countries like France and Germany are the largest exporters of toasted flour, driven by their strong food processing sectors and focus on premium products. These nations supply toasted flour to various regions, including other European countries and beyond. Canada also plays a key role in the global toasted flour market, with its well-established milling industry and access to high-quality grains. Canadian exports of ten cater to markets in North America and Asia-Pacific
Toasted Flour Market Regional Insights
Europe, dominated the toasted flour market in 2023, driven by diverse culinary traditions and a rising trend towards artisanal food. Countries like France, Italy, and Germany show strong demand for high-quality toasted flour used in specialty baked foods and various recipes. The European market is characterized by a significant focus on organic and sustainable products, with consumers increasingly seeking eco-friendly and health-oriented options. Regulatory standards and quality certifications are strict, driving producers to adhere to high quality and sustainability standards. The market also benefits from a well-developed food service sector and increasing interest in premium and functional ingredients.
Asia-Pacific, region is expected to witness rapid growth in the toasted flour market during the forecasting period of 2024-2030, driven by urbanization, rising disposable incomes, and evolving dietary habits. Countries like China, India, and Japan are experiencing increased demand for toasted flour in various food applications, including bakery products and processed foods. The growing trend of Western-style baking and the expansion of the food industry contribute to market expansion.
Toasted Flour Market Competitive Landscape
The Key players in the toasted flour market are the P&H Milling Group, Archer Daniels Midland Company, Grain Processing Corporation, Cargill, Inc., ITC Limited, King Arthur Flour Company, Inc., and others. ITC Limited is one of India’s leading companies and operates in multiple sectors, including FMCG, hotels, paperboards and packaging, agribusiness, and information technology. Within this segment, ITC has established a significant presence in the toasted flour market, leveraging its extensive distribution network, strong brand portfolio, and innovative product offerings. The company continually invests in research and development to enhance the nutritional profile and taste of its toasted flour products. The company continually invests in research and development to enhance the nutritional profile and taste of its toasted flour products.
- In 2024, ITC an Indian company launched several high-impact marketing campaigns focusing on the health benefits and versatility of its toasted flour products. These campaigns utilize a mix of digital and traditional media, influencer partnerships, and grassroots marketing initiatives to drive brand awareness and consumer loyalty.
P&H Milling Group, a prominent player in the Canadian milling industry, has established a strong foothold in the toasted flour market. Known for its quality products and extensive network, the company leverages its deep-rooted expertise in grain milling to produce high-quality toasted flour, catering to a diverse clientele including food manufacturers and bakers. The toasted flour market continues to evolve with changing consumer preferences and regulatory landscapes, P&H Milling Group's adaptability and customer-centric approach position it well to navigate these challenges and seize growth opportunities.
- In 2023, P&H Milling Group introduced new toasted flour products to cater to evolving consumer preferences. These additions included organic and gluten-free options, targeting the health-conscious segment of the market. This diversification not only broadened their product portfolio but also helped attract a wider customer base.
Toasted Flour Market Scope |
|
Market Size in 2023 |
USD 60.43 Billion |
Market Size in 2030 |
USD 118.6 Billion |
CAGR (2024-2030) |
7.7 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segments |
By Type
|
By Application
|
|
By Distribution Channel
|
Key Regions
- North America (United States, Canada, Mexico)
- Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Rest of Europe)
- Asia Pacific (China, S Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, Rest of Asia Pacific)
- Middle East and Africa (South Africa, GCC, Egypt, Nigeria, Rest of MEA)
- South America (Brazil, Mexico, Rest of South America)
Key Players
- P&H Milling Group (Parrish & Heimbecker Ltd.)
- Archer Daniels Midland Company
- Grain Processing Corporation (Kent Corporation)
- ITC Limited
- King Arthur Flour Company, Inc.
- Conagra Brands, Inc.
- ADM
- Cargill inc.
- Bob’s Red Mill Natural Foods
- Ardent Mills
- King Arthur Flour
- Bunge limited
- Hodgson Mill
- J.M. Smucker
- General Mills
- Montana
- Nutrigerm
- Others
Frequently Asked Questions
Ans) P&H Milling Group, Archer Daniels Midland Company, Grain Processing Corporation, Cargill, Inc., ITC Limited, King Arthur Flour Company, Inc., and others are the major key players of the toasted flour market.
Ans) The size of the global toasted flour market is USD 60.43 Billion in 2023.
Ans) Rise in home baking and increasing health awareness driving the toasted flour market growth.
1. Toasted Flour Market: Research Methodology
2. Toasted Flour Market: Competitive Landscape
2.1. Stellar Competition Matrix
2.2. Competitive Landscape
2.3. Key Players Benchmarking
2.4. Market Structure
2.4.1. Market Leaders
2.4.2. Market Followers
2.4.3. Emerging Players
2.5. Consolidation of the Market
3. Toasted Flour Market: Executive Summary
4. Toasted Flour Market: Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Market Challenges
4.5. Regulatory Landscape by Region
4.5.1. North America
4.5.2. Europe
4.5.3. Asia Pacific
4.5.4. Middle East and Africa
4.5.5. South America
5. Toasted Flour Market Size and Forecast by Segments (by Value USD Billion)
5.1. Toasted Flour Market Size and Forecast, by Type (2023-2030)
5.1.1. Wheat Flour
5.1.2. Soybean Flour
5.1.3. Corn Flour
5.1.4. Others
5.2. Toasted Flour Market Size and Forecast, by Technology (2023-2030)
5.2.1. Dry Technology
5.2.2. Wet Technology
5.3. Toasted Flour Market Size and Forecast, by Application (2023-2030)
5.3.1. Bread & Bakery products
5.3.2. Crackers, Cookies, & Biscuit
5.3.3. Noodles, & Pasta
5.3.4. Animal Feed
5.3.5. Others
5.4. Toasted Flour Market Size and Forecast, by Distribution Channels (2023-2030)
5.4.1. Convenience store
5.4.2. Hypermarkets
5.4.3. Online stores
5.4.4. Others
5.5. Toasted Flour Market Size and Forecast, by Region (2023-2030)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East and Africa
5.5.5. South America
6. North America Toasted Flour Market Size and Forecast (by Value USD Billion)
6.1. North America Toasted Flour Market Size and Forecast, by Type (2023-2030)
6.1.1. Wheat Flour
6.1.2. Soybean Flour
6.1.3. Corn Flour
6.1.4. Others
6.2. North America Toasted Flour Market Size and Forecast, by Application (2023-2030)
6.2.1. Bread & Bakery products
6.2.2. Crackers, Cookies, & Biscuit
6.2.3. Noodles, & Pasta
6.2.4. Animal Feed
6.2.5. Others
6.3. North America Toasted Flour Market Size and Forecast, by Distribution Channels (2023-2030)
6.3.1. Convenience store
6.3.2. Hypermarkets
6.3.3. Online stores
6.3.4. Others
6.4. North America Toasted Flour Market Size and Forecast, by Country (2023-2030)
6.4.1. United States
6.4.2. Canada
6.4.3. Mexico
7. Europe Toasted Flour Market Size and Forecast (by Value USD Billion)
7.1. Europe Toasted Flour Market Size and Forecast, by Type (2023-2030)
7.1.1. Wheat Flour
7.1.2. Soybean Flour
7.1.3. Corn Flour
7.1.4. Others
7.2. Europe Toasted Flour Market Size and Forecast, by Application (2023-2030)
7.2.1. Bread & Bakery products
7.2.2. Crackers, Cookies, & Biscuit
7.2.3. Noodles, & Pasta
7.2.4. Animal Feed
7.2.5. Others
7.3. Europe Toasted Flour Market Size and Forecast, by Distribution Channels (2023-2030)
7.3.1. Convenience store
7.3.2. Hypermarkets
7.3.3. Online stores
7.3.4. Others
7.4. Europe Toasted Flour Market Size and Forecast, by Country (2023-2030)
7.4.1. UK
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Spain
7.4.6. Sweden
7.4.7. Austria
7.4.8. Rest of Europe
8. Asia Pacific Toasted Flour Market Size and Forecast (by Value USD Billion)
8.1. Asia Pacific Toasted Flour Market Size and Forecast, by Type (2023-2030)
8.1.1. Wheat Flour
8.1.2. Soybean Flour
8.1.3. Corn Flour
8.1.4. Others
8.2. Asia Pacific Toasted Flour Market Size and Forecast, by Application (2023-2030)
8.2.1. Bread & Bakery products
8.2.2. Crackers, Cookies, & Biscuit
8.2.3. Noodles, & Pasta
8.2.4. Animal Feed
8.2.5. Others
8.3. Asia Pacific Toasted Flour Market Size and Forecast, by Distribution Channels (2023-2030)
8.3.1. Convenience store
8.3.2. Hypermarkets
8.3.3. Online stores
8.3.4. Others
8.4. Asia Pacific Toasted Flour Market Size and Forecast, by Country (2023-2030)
8.4.1. China
8.4.2. S Korea
8.4.3. Japan
8.4.4. India
8.4.5. Australia
8.4.6. Indonesia
8.4.7. Malaysia
8.4.8. Vietnam
8.4.9. Taiwan
8.4.10. Bangladesh
8.4.11. Pakistan
8.4.12. Rest of Asia Pacific
9. Middle East and Africa Toasted Flour Market Size and Forecast (by Value USD Billion)
9.1. Middle East and Africa Toasted Flour Market Size and Forecast, by Type (2023-2030)
9.1.1. Wheat Flour
9.1.2. Soybean Flour
9.1.3. Corn Flour
9.1.4. Others
9.2. Middle East and Africa Toasted Flour Market Size and Forecast, by Application (2023-2030)
9.2.1. Bread & Bakery products
9.2.2. Crackers, Cookies, & Biscuit
9.2.3. Noodles, & Pasta
9.2.4. Animal Feed
9.2.5. Others
9.3. Middle East and Africa Toasted Flour Market Size and Forecast, by Distribution Channels (2023-2030)
9.3.1. Convenience store
9.3.2. Hypermarkets
9.3.3. Online stores
9.3.4. Others
9.4. Middle East and Africa Toasted Flour Market Size and Forecast, by Country (2023-2030)
9.4.1. South Africa
9.4.2. GCC
9.4.3. Egypt
9.4.4. Nigeria
9.4.5. Rest of MEA
10. South America Toasted Flour Market Size and Forecast (by Value USD Billion)
10.1. South America Toasted Flour Market Size and Forecast, by Type (2023-2030)
10.1.1. Wheat Flour
10.1.2. Soybean Flour
10.1.3. Corn Flour
10.1.4. Others
10.2. South America Toasted Flour Market Size and Forecast, by Application (2023-2030)
10.2.1. Bread & Bakery products
10.2.2. Crackers, Cookies, & Biscuit
10.2.3. Noodles, & Pasta
10.2.4. Animal Feed
10.2.5. Others
10.3. South America Toasted Flour Market Size and Forecast, by Distribution Channels (2023-2030)
10.3.1. Convenience store
10.3.2. Hypermarkets
10.3.3. Online stores
10.3.4. Others
10.4. South America Toasted Flour Market Size and Forecast, by Country (2023-2030)
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Rest of South America
11. Company Profile: Key players
11.1. ITC Limited
11.1.1. Company Overview
11.1.2. Financial Overview
11.1.3. Business Portfolio
11.1.4. SWOT Analysis
11.1.5. Business Strategy
11.1.6. Recent Developments
11.2. P&H Milling Group (Parrish & Heimbecker Ltd.)
11.3. Archer Daniels Midland Company
11.4. Grain Processing Corporation (Kent Corporation)
11.5. Cargill, Incorporated
11.6. King Arthur Flour Company, Inc.
11.7. Conagra Brands, Inc.
11.8. ADM
11.9. Bob’s Red Mill Natural Foods
11.10. Ardent Mills
11.11. King Arthur Flour
11.12. Bunge limited
11.13. Hodgson Mill
11.14. J.M. Smucker
11.15. General Mills
11.16. Montana
11.17. Nutrigerm
11.18. Others
12. Key Findings
13. Industry Recommendations