Wheat Flour Market is emerging with CAGR of 2.8% during 2020-2027

Wheat Flour Market: Key Insights

According to the market study "Wheat Flour Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Product Type ( All-Purpose Flour, Semolina, and Durum Flour, Whole-Wheat Flour, Bread Flour, Others ); Application ( Bread, Bakery Products, Noodles and Pasta, Others ); End User ( Residential, Commercial ); Distribution Channel ( Supermarkets and Hypermarkets, Convenience Stores, Online, Others )," the market was valued at US$ 181,377.66 million in 2019 and is projected to reach US$ 219,995.42 million by 2027; it is expected to grow at a CAGR of 2.8% during 2020-2027. The report highlights key driving factors and prominent market players along with their developments in the market.

Wheat flour is widely known for its nutritional properties and abilities such as reducing cholesterol levels, regulating metabolism, minimizing obesity, and balancing blood sugar levels. Additionally, wheat flour is formed of highly nutritious fiber, which has abundant presence of essential nutrients such as vitamins, minerals, and catalytic elements, especially vitamin B and E. The consumption of wheat flour is also perceived to alleviate the risk of breast cancer by boosting the metabolic rate of estrogen. Moreover, wheat flour is known to impart nourishment, skin protection, and energy required for overall body functions. Rising inclination toward healthy lifestyle and growing incidence of diabetes, cancer, and other such diseases are among the factors driving the growth of the wheat flour market.

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The wheat flour market has experienced tremendous growth in the past on the back of the development in food processing technologies and an increase in the demand for fast & convenience foods. The upsurge in demand for bakery products, snacks, noodles, and pasta, among others, has also bolstered the wheat flour market growth. Gluten is a naturally occurring protein in wheat, and it is responsible for the shape of the baked goods as it helps make the dough more elastic when kneaded. The amount of gluten may vary according to different varieties of wheat flour available. Low-gluten wheat variety is termed as "soft" or "weak," and the high-gluten wheat variety is referred to as "hard" or "strong." Different types of wheat flour are available in the market, which are used in specific applications to obtain the best possible finished product.

Rise in Demand for Convenience Food

The demand for wheat flour is increasing due to growing consumer preference toward processed or convenience foods. Wheat flour is a vital ingredient in various convenience food items, such as bakery and confectionery products, snacks, and ready-to-eat foods. The flour improves the texture and profile of food product. Consumers in developed and developing countries are more inclined toward convenience foodstuff due to growing food & beverages industry and improving economic conditions. Also, with the diversification of distribution channels, retail outlets and supermarkets have also started offering convenience food. Further, the change in working demographics and busy lifestyle are among the other factors promoting the demand for convenience food items. The urbanization of society has resulted in the prominence of convenience foods in the modern diet. The availability of organic wheat flour expands its applications in bakery and confectionery, and other industries. Further, the increase in population, rising economic standard, hike in disposable incomes, and diversification in food habits are propelling the demand for convenience food. To meet these demands, companies are coming up with the improved quality of wheat flour and opting for efficient distribution channels to serve the wider customer base.

Wheat Flour Market: Competitive Landscape

Archer Daniels Midland Company, Acarsan Holding, Allied Pinnacle Pty Limited, Ardent Mills LLC, General Mills Inc, George Weston Foods Limited, ITC Limited, The King Arthur Baking Company, KORFEZ Flour Group, and Manildra Group are among the major companies in the Wheat Flour market.

Reasons to Buy:

1. The nature of Wheat Flour business opportunities has grown in complexity with the industry evolving at a greater pace, making it increasingly difficult going without adequate information on markets and companies.
2. Gain a complete understanding of Global Wheat Flour industry through the comprehensive analysis.
3. Evaluate the pros and cons of investing/operating in country level Wheat Flour markets through reliable forecast model results.
4. Identify potential investment/contract/expansion opportunities.
5. Drive your strategies in the right direction by understanding the impact of latest trends, market forecasts on your Wheat Flour business.
6. Beat your competition through information on their operations, strategies and new projects.
7. Recent insights on the Wheat Flour market will help users operating in the market to initiate transformational growth.

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