Reports
Global Wheat Flour Market: Country Overview; Key Segmentation and Scope; By Type; By End Use; Industry Highlights; Opportunities and Challenges; Properties and Applications; Market Analysis; Regional Analysis; Market Dynamics; Value Chain Analysis; Trade Data Analysis; Competitive Landscape; Industry Events and Developments; Market Forecast, 2024-2032
Wheat Flour Market by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices
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.
Industry Definition and Segmentation
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).
Asia Pacific Region is Driving the Growth of the Industry
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.
Best Procurement Practices
The global Wheat Flour market 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.
Category Management Studies
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 Versatility of the Product, Further Boosting the Procurement of Wheat Flour
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.
Key Industry Players Mentioned in the Wheat Flour Market
- Conagra Brands, Inc
- Cargill, Incorporated
- Archer Daniels Midland Company
- Ardent Mills LLC
- The King Milling Company
Market Landscape
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.
Key Initiatives by Companies
- Limagrain Ingredients released LifyWheat, a fibre-rich wheat-based flour, in June 2021 to assist counter Europeans' poor dietary fibre intake. The product's fibre content is said to be ten times higher than conventional fibres.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
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
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 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
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2017-2021)
9.4.1.3 Forecast Trend (2022-2027)
9.4.2 Semolina Flour
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2017-2021)
9.4.2.3 Forecast Trend (2022-2027)
9.4.3 Whole Wheat Flour
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2017-2021)
9.4.3.3 Forecast Trend (2022-2027)
9.4.4 High Gluten Flour
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2017-2021)
9.4.4.3 Forecast Trend (2022-2027)
9.4.5 Others
9.5 Global Wheat Flour Market by Wheat Type
9.5.1 Hard
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2017-2021)
9.5.1.3 Forecast Trend (2022-2027)
9.5.2 Semi-hard
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2017-2021)
9.5.2.3 Forecast Trend (2022-2027)
9.5.3 Soft
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2017-2021)
9.5.3.3 Forecast Trend (2022-2027)
9.6 Global Wheat Flour Market by End Use
9.6.1 Bakery and Confectionery
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2017-2021)
9.6.1.3 Forecast Trend (2022-2027)
9.6.2 Noodle and Pasta
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2017-2021)
9.6.2.3 Forecast Trend (2022-2027)
9.6.3 Feed Industry
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2017-2021)
9.6.3.3 Forecast Trend (2022-2027)
9.6.4 Others
9.7 Global Wheat Flour Market by Region
9.7.1 Market Share
9.7.1.1 North America
9.7.1.2 Europe
9.7.1.3 Asia Pacific
9.7.1.4 Latin America
9.7.1.5 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
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2016-2021)
10.2.2 Forecast Trend (2022-2027)
10.2.3 Breakup by Country
10.2.3.1 EU-27
10.2.3.2 Russia
10.2.3.3 Ukraine
10.2.3.4 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2016-2021)
10.3.2 Forecast Trend (2022-2027)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 India
10.3.3.3 Australia
10.3.3.4 Others
10.4 Latin America
10.4.1 Historical Trend (2016-2021)
10.4.2 Forecast Trend (2022-2027)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
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
10.5.3.1 Turkey
10.5.3.2 Egypt
10.5.3.3 Iran
10.5.3.4 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
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
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 Archer Daniels Midland Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 Cargill, Incorporated
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 Ardent Mills LLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 The King Milling Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Financial Summary
14.3.5.5 Certifications
14.3.6 Others
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.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
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