According to the latest report by IMARC Group, titled “Wheat Flour Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global wheat flour market reached a value of US$ 230.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 293.5 Billion by 2027, exhibiting a CAGR of 4.02% during 2022-2027.
Wheat flour refers to the fine powder that is obtained by grinding or milling of the whole grain of wheat. It forms a viscoelastic dough upon mixing with water, which is further processed for preparing a variety of dishes. Wheat flour contains gluten protein that offers strength and elasticity to the dough and texture to baked products. It is a rich source of fiber, carbohydrates and proteins with high concentrations of multiple vitamins and minerals, such as folate, copper, selenium, manganese and phosphorus. Its consumption, therefore, is often associated with boosting immunity, regulating blood cholesterol levels and maintaining blood sugar levels. As a result, it is widely used in the preparation of bread, cakes, pancakes, pastries, noodles, pasta and chapatti.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Wheat Flour Market Trends:
The market is primarily driven by the growing utilization of wheat flour in the food industry. It is widely used in the preparation of various bakery and fast food products. Catalyzed by shifting dietary preferences and inflating per capita income levels, along with significant growth in the food sector, the sales of wheat flour are bolstering across the globe. The low-fat content of wheat flour and the numerous health benefits associated with its consumption is contributing to its widespread popularity among the majority of the population. The market is further driven by the widespread preference for fortified flour with improved fiber content. In line with this, the growing health consciousness among the masses due to the rising incidences of chronic diseases is providing an impetus to the market growth. Apart from food applications, wheat flour finds extensive applications in the production of paper, shampoos, conditioners and adhesives. Increasing production of bioplastics, facilitated by an enhanced focus on sustainable development, is acting as another major growth-inducing factor. Furthermore, technological advancements have led to the integration of nanotechnology in wheat farming, which is creating a positive outlook for the market.
Key Market Segmentation:
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
- European Union
- United States
- Rest of the World
Competitive Landscape With Key Players:
Some of the top wheat flour manufacturers operating in the market are:
- 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.
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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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