Press release
Malted Wheat Flour Global Market Expected to Reach $50.49 Billion with CAGR of 5.8% By 2028 | Key Players: Malteurop Groupe S.A., Crisp Malting Group, Cargill Inc., Munton's PLC, Simpsons Malt Ltd.
The Business Research Company presents an extensive market research report on the ""Malted Wheat Flour Global Market Report 2023,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Malted Wheat Flour industry. This report on Malted Wheat Flour market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The malted wheat flour market size has grown strongly in recent years. It will grow from $37.87 billion in 2023 to $40.08 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased health awareness, changed consumer preferences, increased consumption of bread and confectionery items, increased demand for beer and bakery-confectionery products, traditional baking. The malted wheat flour market size is expected to see strong growth in the next few years. It will grow to $50.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
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Key Market Players:
Malteurop Groupe S.A., Crisp Malting Group, Cargill Inc., King Arthur Flour Company, Munton's PLC, Simpsons Malt Ltd., The Progressive Corporation are prominent players in the Malted Wheat Flour industry.
Market Drivers:
An increase in consumer spending on bakery and confectionery items is expected to propel the growth of the malted wheat flour market going forward. Bakery refers to flour-based foods baked in an oven, whereas confectionery refers to sugar-based foods and desserts. Malted wheat flour is used primarily in bread manufacturing and other food applications. For instance, in May 2021, according to a report published by the American Bakers Association, a US-based bakery-specific national and state trade association, fresh bakery saw mixed first-quarter dollar sales in 2021, with categories including cakes (+10.3%) and croissants (+16.3%).
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Market segments for Malted Wheat Flour include:
1) By Product Type: Diastatic Malted Wheat Flour, Non-Diastatic Malted Wheat Flour
2) By Application: Food And Beverage, Bakery And Confectionery, Nutrition Industry, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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