London, March 28, 2023 (GLOBE NEWSWIRE) -- Owing to the increasing prevalence of celiac disease, it has been found that wheat includes Amylase-Trypsin-Inhibitors or ATIs, a group of proteins that can trigger an immune response and facilitates the development of non-celiac gluten sensitivity (NCGS). Factors such as these are slated to lead to higher adoption of wheat flour-based products, and thus boost growth prospects for the global wheat flour market in the coming years. A new report published by Fairfield Market Research indicates that wheat flour market is expected to achieve a valuation of US$274.5 Bn by 2026 and will pursue sustained growth over the next few years. “There has been a steady shift in the consumption patterns or habits of individuals for assorted reasons. A greater number of consumers are recently opting for healthier food products given a host of benefits they offer,” states the analyst at Fairfield.
Key Research Insights
- Bread making to remain the top consumer segment with more than 55% market value share
- The bakery and confectionary segment likely to account for more than 22% of global demand
- Wheat flour market of Asia Pacific is poised for approximately 4.3% CAGR through 2026
- North America, and Europe hold a collective revenue share of over 50%
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Insights into Segmental Analysis
The global wheat flour market is segmented as follows – By Nature Coverage, Distribution Coverage, Type Coverage, End-Use Coverage, and Region. Based on the ‘End-Use Coverage’ market segmentation, the ‘Bread’ sub-segment is expected to account for the majority share of this market owing to bread being a staple in almost all major regions of the world. With respect to the ‘Type Coverage’ market segmentation aspect, the ‘Whole Wheat’ sub-segment is slated to account for the majority market share due to a growing demand from the functional food space.
Key Report Highlights
- Improving prospects of refined flour varieties for several wheat flour recipes like ready-to-mix, ready-to-cook, premix, and pancake mix to bode well for market growth
- The thriving eating out trend across developing economies to foster wheat flour consumption across the HoReCa sector
Insights into Regional Analysis
Owing to this region being a major producer of and wheat-milled by-products such as wheat-grinded powder, the Asia Pacific is expected to remain a regional frontrunner in the global wheat flour market, indexing the fastest CAGR over the forecast period in the process. Moreover, this region has an ever-growing target demographic, mostly younger that are gradually adopting western food consumption habits while the consumption of wheat-based noodles in many countries of this region is at an all-time high. While Asia Pacific’s wheat flour market currently contributes more than a third of the overall market valuation, the report projects sustained growth for the region during 2021 – 2026. North America is expected to be the second-largest regional market over the period of projection. Collectively with Europe, the North American market is likely to account for a share of around half the global revenue.
Key Players in the Wheat Flour Market
Apart from Archer Daniels Midland Company, Acarsan Holding, Allied Pinnacle, and Ardent Mills, this report will also cover other prominent players in the wheat flour market, particularly detailing their respective key strategic developments that lend a competitive edge. Some of these other major profiled companies include General Mills Inc, George Weston Foods Limited, ITC Limited, The King Arthur Baking Company, KORFEZ Flour Group, and the Manildra Group.
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REPORT SCOPE
| Report Attributes | Details | |
| Base Year | 2020 | |
| Forecast Year | 2021 – 2026 | |
| Market Size in 2019 | US$212.6 Bn | |
| Estimated Market Size in 2026 | US$274.5 Bn | |
| CAGR | 3.80% | |
| Key Players | General Mills, Inc., Ardent Mills, LLC, Archer Daniels Midland Company, Grain Craft, North Dakota Mill, Bob’s Red Mill, King Arthur Flour Co., Natural Foods, Hodgson Mills, Inc., ADM Company, Acarsan Flour, Korfez Flour Mill | |
The Global Wheat Flour Market is Segmented as Below:
By Nature Coverage
- Organic
- Conventional
By Type Coverage
- All-Purpose Flour
- Bread Flour
- Semolina and Durum Flour
- Whole Wheat Flour
- Others
By Distribution Coverage
- Hypermarket
- Convenience Store
- Online Retail
- Other Retail
By End-Use Coverage
- Noodles and Pasta
- Bakery and Confectionery
- Bread
- Others
By Geographical Coverage
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Leading Companies
- Archer Daniels Midland Company
- Ardent Mills, LLC
- General Mills, Inc
- King Arthur Flour Co.
- Grain Craft
- North Dakota Mill
- Bob’s Red Mill Natural Foods
- Italgrani USA
- Miller Milling
- Minot Milling
Inside This Report You Will Find:
1. Executive Summary
2. Market Overview
3. Global Wheat Flour Market Outlook, 2018 - 2026
4. North America Wheat Flour Market Outlook, 2018 - 2026
5. Europe Wheat Flour Market Outlook, 2018 - 2026
6. Asia Pacific Wheat Flour Market Outlook, 2018 - 2026
7. Latin America Wheat Flour Market Outlook, 2018 - 2026
8. Middle East & Africa Wheat Flour Market Outlook, 2018 - 2026
9. Competitive Landscape
10. Appendix
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/wheat-flour-market/more-information
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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