The global Wheat Flour market reached a value of about USD 141 billion in 2021. The industry is projected to grow at a CAGR of around 2% in the forecast period of 2022-2027 to reach a value of about USD 158 billion by 2027.
The global Wheat Flour industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The high nutrient content of the product is driving the market demand. The Asia Pacific is the highest category spender by region, driving the need for the Wheat Flour industry.
Wheat flour is a delicate and coarse powder made from grinding wheat, one of the most common raw materials used to make flour across the world. The quantity of gluten classifies it contains, its colour, the sections of the grain it operates, and the type of wheat it is made from. Wheat flour is used to produce bread, cakes, cookies, and other baked foods. The Wheat Flour industry report comprises segments by type (All-Purpose Flour, Semolina Flour, Whole Wheat Flour, High Gluten Flour, Others), by wheat type (Hard, Semi-hard, Soft), end-use (Bakery and Confectionery, Noodle and Pasta, Feed Industry, Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific holds the largest share in the industry as China and India are the two largest markets. China is the largest wheat flour market, accounting for the bulk of the market. This is due to the country's enormous population, which has increased overall wheat flour consumption.
The market is being driven by the employment of the product in the food industry. It is rich in nutrients like high levels of vitamins B and E, minerals, and enzymes. Owing to its nutrient-rich profile, the product is witnessing demand. As Wheat flour is low in gluten, it is gaining traction among gluten-free consumers boosting sales in the sector. Other factors such as population growth, increased disposable incomes, expanding bakery product consumption, the prevalence of gluten allergies, and changing lifestyles are propelling the industry's expansion.
The global Wheat Flour industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Wheat Flour regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The grains must first be kept so Dry air is blasted through massive silos. Because the grain's moisture level is frequently high, this dry air is required. Sieving, Magnet, Separator (Aspirator), Destoner, Trieur, and Scouring are the six purification procedures used to remove any contaminants from the grains. According to their protein concentration and class, the grains are temporarily kept after washing. The grains are conditioned to remove the bran during grinding properly. Some grains are combined to get the meal's required composition or flour. Blending is the term for this process of mixing. Following that, the grinding procedure may begin. It's bleached again or enhanced with vitamins and minerals before it's packed.
The industry is being aided by the product's versatility and its use in several bakeries and fast-food products, such as bread, noodles, spaghetti, and morning cereals. It is currently used to make bioplastics, adhesives, paper, shampoos & conditioners, and various other items furthering the market's development. In addition, it is employed in infant food and animal feed, promoting market growth. The growing shift towards organic food products creates new opportunities for the food item, thus resulting in increased demand. Also, it is more inexpensive than flour manufactured from other grains, making it accessible to people from all socioeconomic backgrounds driving the industry's expansion.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The wheat flour industry is fragmented, with various small and big producers operating in both organised and unregulated markets. Manufacturers have produced vitamin-A enhanced wheat flour to meet the population's nutritional demands and dietary needs. Big firms focus on innovative product development, mergers, and acquisitions to combine the market. Introducing new and small firms into the market significantly increases market competition, which benefits market growth.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Wheat Market Overview
8.1 Key Industry Highlights
8.2 Global Wheat Historical Market (2017-2021)
8.3 Global Wheat Market Forecast (2022-2027)
8.4 Global Wheat Market by End Use
8.5 Global Wheat Market by Region
8.5.1 Market Share
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East and Africa
9 Global Wheat Flour Market Analysis
9.1 Key Industry Highlights
9.2 Global Wheat Flour Historical Market (2017-2021)
9.3 Global Wheat Flour Market Forecast (2022-2027)
9.4 Global Wheat Flour Market by Type
9.4.1 All-Purpose Flour
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.4.2 Semolina Flour
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.4.3 Whole Wheat Flour
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.4.4 High Gluten Flour
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.5 Global Wheat Flour Market by Wheat Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.6 Global Wheat Flour Market by End Use
9.6.1 Bakery and Confectionery
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.6.2 Noodle and Pasta
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.6.3 Feed Industry
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.7 Global Wheat Flour Market by Region
9.7.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2016-2021)
10.1.2 Forecast Trend (2022-2027)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.2.1 Historical Trend (2016-2021)
10.2.2 Forecast Trend (2022-2027)
10.2.3 Breakup by Country
10.3 Asia Pacific
10.3.1 Historical Trend (2016-2021)
10.3.2 Forecast Trend (2022-2027)
10.3.3 Breakup by Country
10.4 Latin America
10.4.1 Historical Trend (2016-2021)
10.4.2 Forecast Trend (2022-2027)
10.4.3 Breakup by Country
10.5 Middle East and Africa
10.5.1 Historical Trend (2016-2021)
10.5.2 Forecast Trend (2022-2027)
10.5.3 Breakup by Country
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code - 1101)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Major Flour Manufacturers
14.3 Company Profiles
14.3.1 Conagra Brands, Inc
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
188.8.131.52 Financial Summary
14.3.2 Archer Daniels Midland Company
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
22.214.171.124 Financial Summary
14.3.3 Cargill, Incorporated
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
220.127.116.11 Financial Summary
14.3.4 Ardent Mills LLC
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
188.8.131.52 Financial Summary
14.3.5 The King Milling Company
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
22.214.171.124 Financial Summary
15 Industry Events and Developments
The global Wheat Flour market size was valued at USD 141 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 2%.
The significant demand for wheat flour to make various products is one of the Wheat Flour market growth essential drivers.
Conagra Brands, Inc, Cargill, Incorporated, Archer Daniels Midland Company, Ardent Mills LLC, and The King Milling Company are some of the key players in the market.
The Asia Pacific region of the Wheat Flour industry holds a significant share in the market.
The global Wheat Flour market attained a value of USD 141 billion in 2021, driven by the employment of the product in the food industry. It is rich in nutrients like high levels of vitamins B and E, minerals, and enzymes. Owing to its nutrient-rich profile, the product is witnessing demand. Aided by the versatility of the product and its use in several bakery and fast-food products, bioplastics, adhesives, paper, shampoos & conditioners, infant food, and animal feed, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 2%. The market is projected to reach USD 158 billion by 2027. Some of the leading players in the industry are Conagra Brands, Inc, Cargill, Incorporated, Archer Daniels Midland Company, Ardent Mills LLC, and The King Milling Company.
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