15-Sep-2022 | Facts and Factors
According to Facts and Factors, the global wheat flour market size was worth around USD 230.56 billion in 2021 and is predicted to grow to around USD 294 billion by 2028 with a compound annual growth rate (CAGR) of roughly 4% between 2022 and 2028.
Wheat flour is created by grinding kernels of whole wheat grain composed of germ, bran, and endosperm components. The grinding process in terms of whole wheat grains is called milling and involves separating kernel components and later recombining them to make a variety of flour. It can either be bleached, fortified, enriched, or unbleached depending on the requirement. One of the key reasons that make wheat flour popular amongst consumers is its nutritional value since it is a rich source of iron, calcium, fiber, vitamins B, phosphorus, magnesium, iron, zinc, and potassium. Since wheat grows in open fields, it may get contaminated due to various factors like insects, animal feces, soil, and diseased plants, to name a few.
Browse the full “Wheat Flour Market Size, Share, Growth Analysis Report By End-User (Food manufacturers, Household, Institutional, Foodservice, and Commercial), By Type (Semolina Flour, All-Purpose Flour, Fine Wheat Flour, Whole-Wheat Flour, and Bread Flour), By Distribution Channel (Retail stores, Hypermarkets & Supermarkets, and Online stores), By Application (Bakery, Noodles, Snacks, Pasta, Biofuel, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/wheat-flour-market
Flour is considered a form of agricultural product. To increase the market value of wheat flour, the product is processed by many manufacturers. This is achieved by adding nutrients that may be equal to or greater than the nutrients present in unprocessed flour, including nutrient items like folic acid, riboflavin, thiamin, etc. Until recent times, there were no major health concerns related to wheat flour but recently there have been multiple illnesses resulting from the consumption of raw wheat flour along with products that contain excessive quantities of raw wheat flour like cookies, and biscuits. In the last two decades, 6 flour-related foodborne outbreaks have been reported across the globe, and as per official data by the Centers for Disease Control & Prevention, it has led to at least 106 illnesses as per reported data.
Covid-19 did not impact the global market cap significantly since the demand for the product was at the same rate as it was before the pandemic. However, in the beginning, there were concerns related to supply chain management, owing to heavy transport restrictions, and the nonavailability of employees at selling counters. However, the government and regulatory authorities were well prepared for such instances resulting in quick solutions.
The global wheat flour market is projected to increase owing to rising demand for baked food items where different kinds of wheat flour act as key ingredients. Since wheat flour is an extremely versatile product, it can be easily used in different food forms. High-quality textured baked goods are more popular than their counterparts. This texture is imparted by flour, which when mixed with water results in the formation of gluten, a critical component to help the product gain the necessary and desired texture. The demand for baked food items is propelled by the rising population along with rising disposable income aided by constant innovation in the field of baked food category. There is a steady growth in the number of players offering quality food items to the general population resulting in a high consumer database. By 2025, the baked goods market is expected to generate a revenue of USD 165.5 billion, an indication of a high consumption rate.
The high demand for gluten-free products may restrict global market growth whereas the rising organic food consumption trend is anticipated to provide growth opportunities. The constantly changing weather and price modulation are projected to impact global market expansion.
The global wheat flour market is segmented based on application, type, end-user, distribution channel, application, and region.
Based on application, the global market is divided into bakery, noodles, snacks, pasta, biofuel, and others. Baked items lead the segment growth owing to the high consumption rate of baked goods. In Australia, at least 90% of the household consumes bread in some form or other.
Based on type, the global market segments are semolina flour, all-purpose flour, fine wheat flour, whole-wheat flour, and bread flour. The global market is dominated by all-purpose flour since it can be used to create all types of baked items like pizza, biscuits, and bread. It is also used as a thickening agent in many gravies. The biscuit market is projected to grow at a CAGR of 5.75% in the coming years which may drive the demand for all-purpose flour.
Based on end-user, the global market segments are food manufacturers, household, institutional, food service, and commercial. The global market witnessed the highest demand in the commercial segment driven by the high requirement in the food processing industry. As per a 2021 analysis conducted by the US Department of Agriculture, 84 companies in the baking industry used 102 million hundredweight of wheat flour for commercial use.
Based on distribution channel, the global market is segmented into retail stores, hypermarkets & supermarkets, and online stores. Retail chains dominated the market in the previous years since they are more accessible to people across regions. Most cities or towns may lack hypermarkets and supermarkets. In terms of grocery purchases, the highest sales of around 55% are recorded in retail formats.
The global wheat flour market may be dominated by Asia-Pacific during the projection period because the region is one of the largest producers of wheat in the entire world, majorly contributed by India and China. Wheat flour has been a staple in various diet forms across regions in Asia-Pacific. The regional growth may also be driven by the constant efforts undertaken by governments to upgrade wheat manufacturing capacity as well as to improve their export value by collaborating with foreign companies.
Europe is projected to garner high profits because of the increasing consumption of bakery items like bread, pasta, pizza, etc. This is aided by government initiatives to increase agricultural production by providing subsidies, thus encouraging farmers to invest resources in wheat cultivation. Key manufacturers are now focusing on developing a wider range of baked items that have lesser health side effects and suit the growing demand of the health-conscious population.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 230.56 Billion |
Projected Market Size in 2028 |
USD 294 Billion |
CAGR Growth Rate |
4% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
General mills, Archer Daniels Midland Company, Cargill Inc., Conagra Foods Inc., King Arthur Flour Company, J.M. Smucker Company, Ardent Mills Corporate, Bob’s Rede mill Natural Foods, Bunge Milling, ITC Limited., and Others |
Key Segment |
By End-User, Type, Distribution Channel, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The global wheat flour market is dominated by players like General mills, Archer Daniels Midland Company, Cargill Inc., Conagra Foods Inc., King Arthur Flour Company, J.M. Smucker Company, Ardent Mills Corporate, Bob’s Rede mill Natural Foods, Bunge Milling, and ITC Limited.
Recent Developments:
- In August 2019, Arcadia Biosciences managed to sign an agreement with Bay State Milling Company and Arista Cereal Technologies to aid the commercialization of fiber-rich starch wheat. The agreement has subsequently resulted in resolving an intellectual property dispute between Arcadia Biosciences and Arista.
- In June 2021, Parle announced the launch of Parle G wheat flour for the Indian subcontinent. The product is called Parle G Chakki Atta and is a competition for the dominant ITC's Aashirvaad flour brand. With the new launch, Parle has managed to expand its product portfolio.
The global wheat flour market is segmented as follows:
By End-User
- Food manufacturers
- Household
- Institutional
- Foodservice
- Commercial
By Type
- Semolina Flour
- All-Purpose Flour
- Fine Wheat Flour
- Whole-Wheat Flour
- Bread Flour
By Distribution Channel
- Retail stores
- Hypermarkets & Supermarkets
- Online stores
By Application
- Bakery
- Noodles
- Snacks
- Pasta
- Biofuel
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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