According to IMARC Group’s latest report, titled “Wheat Flour Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global wheat flour market size reached US$ 241.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 305.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Wheat flour represents a powder obtained from grinding wheat that is utilized for human consumption. It can be categorized into various types, such as all-purpose, semolina, whole-wheat, bread, fine wheat, etc. Wheat flour aids in several health benefits, including lowering cholesterol levels, controlling obesity, improving metabolism, regulating blood sugar levels, etc. It is mainly used for gluten, a protein that adds to the texture of baked products and provides elasticity and strength to doughs. As a result, wheat flour finds widespread applications across various sectors, such as food and beverage (F&B), feed, biofuel, bakery, confectionery, etc.
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Wheat Flour Market Trends:
The escalating product demand as the key ingredient in several bakery and fast-food products, including bread, noodles, pasta, and breakfast cereals, is among the primary factors driving the wheat flour market. Besides this, the elevating need for this powder in improving metabolism, controlling obesity, lowering cholesterol levels, and regulating blood sugar levels is further augmenting the market growth. Moreover, the leading manufacturers have introduced vitamin-A fortified wheat flour to cater to the nutritional requirements of the consumers, which is also catalyzing the global market. Apart from this, the extensive product availability across various retail channels and its high cost-effectiveness compared to the flour made from other grains are acting as significant growth-inducing factors. In addition, the growing popularity of this powder in producing adhesives, paper, bioplastics, shampoos, conditioners, and other items is also stimulating the market growth. Furthermore, the inflating disposable incomes and the rising consumption of bakery goods are positively influencing the product demand, which are anticipated to propel the wheat flour market over the forecasted period.
Wheat Flour Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the wheat flour market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Wudeli Flour Mill Group
- Ardent Mills LLC
- Archer Daniels Midland Company
- General Mills
- Allied Pinnacle Pty Limited
- Manildra Milling Pvt Ltd
- Acarsan Flour
- Korfez Flour Mills
- George Weston Foods Limited
- Hodgson Mill, Inc.
Key Market Segmentation:
The report has segmented the wheat flour market on the basis of type, end-use, distribution channel and region.
Breakup by Type:
- All-Purpose Flour
- Semolina Flour
- Whole-Wheat Flour
- Fine Wheat Flour
- Bread Flour
Breakup by End-Use:
- Food Use
- Feed Use
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Independent Retailers
- Convenience Stores
- Specialty Stores
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, South Africa and Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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