Wheat Flour Market

Wheat Flour Market



Growth Factors of Wheat Flour Market

The wheat flour market size was valued at USD 173.02 billion in 2023, and the market is now projected to grow from USD 179.73 billion in 2024 to USD 250.15 billion by 2032, exhibiting a CAGR of 4.22% during the forecast period of 2023-2030.

There was a growing requirement for the essential product. However, logistics and transportation system restraint has posed challenges in delivery of raw materials. Disruption in the supply chain has imbalanced the supply and demand system for wheat and its derivatives. The anxiety about staying at homes has spiked the purchasing power and propelled the demand for the grains. Due to the exaggerated purchasing of flour and other necessary items has increased the overall prices. Thus, the COVID-19 pandemic has propelled the wheat flour market growth.

The wheat flour market share globally has been improved owing to the rising recognition of whole wheat flour. This has increased the utilization of products across various parts of the food industry. The weight management programs recommend whole grain products to decrease the chances of health conditions for instance obesity, diabetes, and cardiovascular diseases. The increasing knowledge of the positive health effects of fiber-rich foods among customers has boosted the market growth.

The growing trend of clean-label and consuming whole grain foods is augmenting growth of the market. It has created several opportunities for food manufacturers to develop inspired grain-based products. Wheat-based flour is extensively utilized across the world. It is employed for the making of various processed foodstuffs. Additionally, the rising demand for clean-label such as non-GMO and organic bakery products amid consumers has noticeably impelled the need for clean-label flour across the food sector.

Comprehensive Analysis of Wheat Flour Market

The wheat flour market and food & beverages industry is rising at an exponential rate attributable to its market segmentation. This market expansion effectively presents an in depth regional assessment considering the dominant supply and demand forces that impact the food additives & ingredients industry. These segmentations are methodically segregated in two parts; the type and the application. The types include whole and refined. However, the applications are such as bread, bakery products, noodles & pasta, and others.

The Asia Pacific region is conducive to the global wheat flour market, leading to a recall of USD 89.01 billion owing to the presence of major producers of wheat and wheat milled by-products, including wheat-grinded powder. The escalating discretionary incomes of consumers in the region have significantly increased purchasing powers.

The top players in the market play an important role in the food & beverages industry assuring industrial prospectus growth and setting market standards. These players include Ardent Mills (Colorado, U.S.), Wudeli Flour Mill Group (China), ADM Company (Illinois, U.S.), General Mills (Minnesota, U.S.), Allied Pinnacle Pty Ltd. (NSW, Australia), Manildra Milling Pvt. Ltd. (NSW, Australia), Korfez Flour Mill (Delaware, U.S.), Acarsan Flour (Turkey), George Weston Foods Ltd. (Toronto, U.S.), and Hodgson Mills, Inc. (Toronto, U.S.), these market players provide a fair competitive landscape.

In January 2024, The Italian Milling Industry Association announced the launch of its campaign called Pure Flour from Europe in India. The purpose of launching the campaign is to promote the high quality of soft wheat flour in the country.

Segmentation Table

Global Wheat Flour Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.22% over 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

- Whole

- Refined

By Application

- Bread

- Bakery Products

- Noodles & Pasta

- Others

By Geography

- North America (By Type, By Application & By Country)
  • U.S. (By Application)
  • Canada (By Application)
  • Mexico (By Application)
- Europe (By Type, By Application & By Country)
  • U.K. (By Application)
  • Germany (By Application)
  • France (By Application)
  • Italy (By Application)
  • Spain (By Application)
  • Rest of Europe (By Application)
- Asia Pacific (By Type, By Application & By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • Australia (By Application)
  • Rest of Asia Pacific (By Application)
- South America (By Type, By Application & By Country)
  • Brazil (By Application)
  • Argentina (By Application)
  • Rest of South America (By Application)
- Middle East & Africa (By Type, By Application & By Country)
  • Turkey (By Application)
  • Egypt (By Application)
  • Rest of the Middle East & Africa (By Application)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain and Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis Related to COVID-19
5. Global Wheat Flour Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Type
5.2.1.1. Whole Wheat Flour
5.2.1.2. Refined Wheat Flour
5.2.2. By Application
5.2.2.1. Bread
5.2.2.2. Bakery Products
5.2.2.3. Noodles & Pasta
5.2.2.4. Other Applications
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Wheat Flour Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type
6.2.1.1. Whole Wheat Flour
6.2.1.2. Refined Wheat Flour
6.2.2. By Application
6.2.2.1. Bread
6.2.2.2. Bakery Products
6.2.2.3. Noodles & Pasta
6.2.2.4. Other Applications
6.2.3. By Country (Value)
6.2.3.1. U.S.
6.2.3.1.1. By Application
6.2.3.1.1.1. Bread
6.2.3.1.1.2. Bakery Products
6.2.3.1.1.3. Noodles & Pasta
6.2.3.1.1.4. Other Applications
6.2.3.2. Canada
6.2.3.2.1. By Application
6.2.3.2.1.1. Bread
6.2.3.2.1.2. Bakery Products
6.2.3.2.1.3. Noodles & Pasta
6.2.3.2.1.4. Other Applications
6.2.3.3. Mexico
6.2.3.3.1. By Application
6.2.3.3.1.1. Bread
6.2.3.3.1.2. Bakery Products
6.2.3.3.1.3. Noodles & Pasta
6.2.3.3.1.4. Other Applications
7. Europe Wheat Flour Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type
7.2.1.1. Whole Wheat Flour
7.2.1.2. Refined Wheat Flour
7.2.2. By Application
7.2.2.1. Bread
7.2.2.2. Bakery Products
7.2.2.3. Noodles & Pasta
7.2.2.4. Other Applications
7.2.3. By Country (Value)
7.2.3.1. Germany
7.2.3.1.1. By Application
7.2.3.1.1.1. Bread
7.2.3.1.1.2. Bakery Products
7.2.3.1.1.3. Noodles & Pasta
7.2.3.1.1.4. Other Applications
7.2.3.2. France
7.2.3.2.1. By Application
7.2.3.2.1.1. Bread
7.2.3.2.1.2. Bakery Products
7.2.3.2.1.3. Noodles & Pasta
7.2.3.2.1.4. Other Applications
7.2.3.3. Italy
7.2.3.3.1. By Application
7.2.3.3.1.1. Bread
7.2.3.3.1.2. Bakery Products
7.2.3.3.1.3. Noodles & Pasta
7.2.3.3.1.4. Other Applications
7.2.3.4. U.K.
7.2.3.4.1. By Application
7.2.3.4.1.1. Bread
7.2.3.4.1.2. Bakery Products
7.2.3.4.1.3. Noodles & Pasta
7.2.3.4.1.4. Other Applications
7.2.3.5. Spain
7.2.3.5.1. By Application
7.2.3.5.1.1. Bread
7.2.3.5.1.2. Bakery Products
7.2.3.5.1.3. Noodles & Pasta
7.2.3.5.1.4. Other Applications
7.2.3.6. Rest of Europe
7.2.3.6.1. By Application
7.2.3.6.1.1. Bread
7.2.3.6.1.2. Bakery Products
7.2.3.6.1.3. Noodles & Pasta
7.2.3.6.1.4. Other Applications
8. Asia Pacific Wheat Flour Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type
8.2.1.1. Whole Wheat Flour
8.2.1.2. Refined Wheat Flour
8.2.2. By Application
8.2.2.1. Bread
8.2.2.2. Bakery Products
8.2.2.3. Noodles & Pasta
8.2.2.4. Other Applications
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Application
8.2.3.1.1.1. Bread
8.2.3.1.1.2. Bakery Products
8.2.3.1.1.3. Noodles & Pasta
8.2.3.1.1.4. Other Applications
8.2.3.2. India
8.2.3.2.1. By Application
8.2.3.2.1.1. Bread
8.2.3.2.1.2. Bakery Products
8.2.3.2.1.3. Noodles & Pasta
8.2.3.2.1.4. Other Applications
8.2.3.3. Japan
8.2.3.3.1. By Application
8.2.3.3.1.1. Bread
8.2.3.3.1.2. Bakery Products
8.2.3.3.1.3. Noodles & Pasta
8.2.3.3.1.4. Other Applications
8.2.3.4. Australia
8.2.3.4.1. By Application
8.2.3.4.1.1. Bread
8.2.3.4.1.2. Bakery Products
8.2.3.4.1.3. Noodles & Pasta
8.2.3.4.1.4. Other Applications
8.2.3.5. Rest of Asia Pacific
8.2.3.5.1. By Application
8.2.3.5.1.1. Bread
8.2.3.5.1.2. Bakery Products
8.2.3.5.1.3. Noodles & Pasta
8.2.3.5.1.4. Other Applications
9. South America Wheat Flour Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type
9.2.1.1. Whole Wheat Flour
9.2.1.2. Refined Wheat Flour
9.2.2. By Application
9.2.2.1. Bread
9.2.2.2. Bakery Products
9.2.2.3. Noodles & Pasta
9.2.2.4. Other Applications
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By Application
9.2.3.1.1.1. Bread
9.2.3.1.1.2. Bakery Products
9.2.3.1.1.3. Noodles & Pasta
9.2.3.1.1.4. Other Applications
9.2.3.2. Argentina
9.2.3.2.1. By Application
9.2.3.2.1.1. Bread
9.2.3.2.1.2. Bakery Products
9.2.3.2.1.3. Noodles & Pasta
9.2.3.2.1.4. Other Applications
9.2.3.3. Rest of South America
9.2.3.3.1. By Application
9.2.3.3.1.1. Bread
9.2.3.3.1.2. Bakery Products
9.2.3.3.1.3. Noodles & Pasta
9.2.3.3.1.4. Other Applications
10. Middle East & Africa Wheat Flour Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Type
10.2.1.1. Whole Wheat Flour
10.2.1.2. Refined Wheat Flour
10.2.2. By Application
10.2.2.1. Bread
10.2.2.2. Bakery Products
10.2.2.3. Noodles & Pasta
10.2.2.4. Other Applications
10.2.3. By Country (Value)
10.2.3.1. Turkey
10.2.3.1.1. By Application
10.2.3.1.1.1. Bread
10.2.3.1.1.2. Bakery Products
10.2.3.1.1.3. Noodles & Pasta
10.2.3.1.1.4. Other Applications
10.2.3.2. Egypt
10.2.3.2.1. By Application
10.2.3.2.1.1. Bread
10.2.3.2.1.2. Bakery Products
10.2.3.2.1.3. Noodles & Pasta
10.2.3.2.1.4. Other Applications
10.2.3.3. Rest of Middle East & Africa
10.2.3.3.1. By Application
10.2.3.3.1.1. Bread
10.2.3.3.1.2. Bakery Products
10.2.3.3.1.3. Noodles & Pasta
10.2.3.3.1.4. Other Applications
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Wheat Flour Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Wudeli Flour Mill Group
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Ardent Mills LLC
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. ADM Company
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. General Mills
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Allied Pinnacle Pty Ltd.
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Manildra Milling Pvt. Ltd.
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Acarsan Flour
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Korfez Flour Mill
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. George Weston Foods Ltd.
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Hodgson Mill, Inc.
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Appendix

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