Flour Market To Reach USD 433.9 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]
Unilever PLC (UL)
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Source: Yahoo! Finance
Fort Collins, Colorado, April 29, 2024 (GLOBE NEWSWIRE) -- The flour market is projected to attain a high demand in the forecast period. Fast food consumption, such as pizza and burgers, is rising worldwide, leading to increased demand for flour, a key ingredient in making pizza crust and burger buns. Additionally, flour is essential in crafting noodles, pasta, and various desserts. Given the current lifestyle trends favoring indulgent foods, the demand for these items is projected to continue growing. As per AGC Catering Equipment in Australia, bread is the second most widely consumed food globally, followed by rice. Given that flour serves as a primary component in bread production, the increasing bread consumption correlates with the flour market's upsurge. The growing demand for bakery items such as bread, biscuits, cakes, pastries, croissants, and donuts is a significant driver for market growth. Evolving tastes, preferences, and dietary habits fuel this surge in demand. N
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