Wheat Flour Market Outlook
According to the report by Expert Market Research (EMR), the Global Wheat Flour Market Size reached a volume of 402.65 MMT in 2022. Aided by the rising health consciousness among people and growing demand for convenient food products, the market is projected to further grow at a CAGR of 0.9% between 2023 and 2028 to reach 424.89 MMT by 2028.
Wheat flour, milled from the grain of the wheat plant, is a key ingredient in various food products including bread, pasta, pastries, and cereal. It is a prime source of essential nutrients such as proteins, vitamins, and minerals that contribute to a balanced diet. Beyond its nutritional significance, wheat flour is renowned for its versatile functionality including thickening, binding, and leavening abilities, hence it is invaluable in a range of industrial applications such as confectionery, animal feed, and bioplastics.
The growing global demand for wheat-based food products is a significant driver propelling the wheat flour market growth. As consumers become increasingly conscious of the health benefits linked to whole grain consumption, there’s a noticeable pivot towards diets rich in whole grain products. This transition has led to a heightened demand for wheat flour, a staple ingredient in many of these products. Additionally, the rising trend of home baking, amplified by recent global events, has further fuelled the popularity of wheat flour.
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The broad-spectrum applications of wheat flour in diverse industries are also integral in boosting the wheat flour market demand. In the animal feed industry, wheat flour is leveraged due to its rich nutrient content and digestibility. It serves as a key ingredient in pet foods and aquaculture feeds. In the realm of confectionery, wheat flour is a fundamental component in the production of a wide variety of sweets, cookies, and cakes. Furthermore, recent technological advancements have introduced wheat flour as a potential raw material in the bioplastics industry.
Additionally, the escalating demand for convenience food in the food and beverage sector has directed attention to wheat flour as a suitable ingredient. With the fast-paced modern lifestyle, there has been a marked rise in demand for ready-to-eat and easy-to-cook food products. Wheat flour, owing to its diverse functionality, plays a crucial role in the production of such foods, thereby driving wheat flour market growth.
Moreover, with the rising health consciousness and dietary restrictions among consumers, the demand for specialised wheat flour variants like gluten-free flour, organic flour, and fortified flour have surged. This trend is expected to open new avenues for the growth of the global wheat flour market in the coming years.
Wheat Flour Market Segmentation
The market can be divided based on type, wheat type, and end use, and region.
Market Breakup by Type
- All-Purpose Flour
- Whole Wheat Flour
- Semolina Flour
- High Gluten Flour
- Others
Market Breakup by Wheat Type
- Hard
- Semi-hard
- Soft
Market Breakup by End Use
- Noodles and Pasta
- Bakery and Confectionery
- Feed Industry
- Others
Market Breakup by Region
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
- Others
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global wheat flour companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Conagra Brands, Inc
- Cargill, Incorporated
- Archer Daniels Midland Company
- Ardent Mills LLC
- The King Milling Company
- Others
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