The global wheat flour market is anticipated to reach USD 198 Billion by 2028, expanding at a CAGR of 4.4% during the forecast period, between 2021 and 2028. Wheat flour is a crushed, coarse and fine powder produced by refining or grinding the whole grain of wheat, one of the chief raw materials utilized universally for manufacturing flour.
Wheat flour at present corresponds to one of the trendiest food components utilized all over the globe. It provides health benefits such as improvement in metabolism, lowering cholesterol levels, regulating blood sugar levels, and controlling obesity. Wheat flour is used as a main ingredient in several bakery and fast-food products such as bread, noodles, pasta, and breakfast cereals. It is exceptionally nutritious and profusely rich in catalysts, vitamins E and vitamins B, and minerals.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for wheat flour from the food industry is the chief factor driving the demand for wheat flour, therefore, assisting the expansion of the market.
- Increasing disposable incomes, changing lifestyle, and rising consumption of bakery products have boosted the growth of the market.
- Increased knowledge and awareness of gluten allergies which causes celiac disease, a genetic autoimmune disorder that stimulates the body to recognize protein as an injurious substance and leads to body immune injury, is anticipated to hamper the market growth during the estimated period.
- The uncertainties in the weather conditions recorded in various parts of the world are projected to hinder the growth of the market globally.
- Rising disposable revenues and the rising demand for food products such as noodles, pasta, bakery and confectionery are expected to create immense opportunities in the market.
Scope of Wheat Flour Market Report
The report on wheat flour market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Wheat Flour Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018 & 2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Bread Flour, Semolina Flour, Whole-wheat Flour, All-purpose Flour, Fine Wheat Flour, and Others), Applications (Feed Industry, Food Industry, Bio-fuel Industry, and Others), Distribution Channels (Independent Retailers, Specialty Stores, Online, Convenience Stores, Supermarkets & Hypermarkets, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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ConAgra Mills, Cargill, Archer Daniels Midland Company, Ardent Mills, and The King Milling Company.
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Wheat Flour Market Segment Insights
All-purpose Flour segment is projected to hold significant market share
In the terms of types, the global wheat flour market can be segregated into bread flour, semolina flour, whole-wheat flour, all-purpose flour, fine wheat flour, and others. The all-purpose flour segment is projected to hold a significant market share owing to the balanced portion of protein and starch in order that it can be utilized in a broad range of products devoid of being excessively heavy or too light. The whole-wheat segment is also expected to hold a substantial market share owing to its nutrient and protein content.
Food industry segment to dominate the global market
On the basis of applications, the market can be segmented into feed industry, food industry, bio-fuel industry, and others. The food industry segment to dominate the global market as it is increasing utilized in this industry owing to its benefits such as rich in minerals, catalysts, vitamins B, and vitamins E. Moreover, it is abundantly found in every region and inexpensive.
Supermarkets & hypermarkets segment is growing at a robust pace in near future
Based on distribution channels, the global wheat flour market can be fragmented into independent retailers, specialty stores, online, convenience stores, supermarkets & hypermarkets, and others. The supermarkets & hypermarkets segment is growing at a robust pace in near future as they provide a variety of choice of products and brands.
The market in Asia Pacific is expected to grow at a significant rate during the forecast period
In terms of regions, the global market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global wheat consumption was over 730 million metric tons in 2020, and it is anticipated to record a CAGR of 4.9% during the forecast period. Asia Pacific is expected to grow at a significant rate during the forecast period owing to the presence of highly populated countries such as India and China.
Segments
By Types
- Bread Flour
- Semolina Flour
- Whole-wheat Flour
- All-purpose Flour
- Fine Wheat Flour
- Others
By Applications
- Feed Industry
- Food Industry
- Bio-fuel Industry
- Others
By Distribution Channels
- Independent Retailers
- Specialty Stores
- Online
- Convenience Stores
- Supermarkets & Hypermarkets
- Others
By Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
By Key Players
Competitive Landscape
Key players in the global wheat flour market include ConAgra Mills, Cargill, Archer Daniels Midland Company, Ardent Mills, and The King Milling Company. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.