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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