Malted Wheat Flour Market Overview, Outlook, Size, Share, Demand 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Malted Wheat Flour Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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%. The growth in the forecast period can be attributed to increasing gluten-free and allergen-friendly varieties, functional ingredients demand, increasing demand for natural food products, growing desire for gluten-free products, growing consumer spending on bakery and confectionery items. Major trends in the forecast period include shift towards plant-based and vegan diets, artisanal and craft production, product development with new formulations, technological developments in the malted wheat flour, sustainable packaging.

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Market Drivers and Trends:

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%). Therefore, an increase in consumer spending on bakery and confectionery items is expected to boost demand for malted wheat flour during the forecast period.

Product development with new formulations is a key trend gaining popularity in the malted wheat flour market. Major companies operating in the market are introducing new formulations and combinations of ingredients such as dextrose, barley flour, and enzymes to sustain their position in the market. For instance, in February 2021, Malt Products launched Diastatic Malt Flours, which are made from a combination of malted barley flour, wheat flour, and dextrose. Diastatic Malt Flour is a type of malted wheat flour that encourages a strong rise, great texture, and a brown crust in baked goods. It is a sweet, light-coloured powder designed for use in all types of yeast-raised doughs.

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Major Key Players of the Market:

Malteurop Groupe S.A., Crisp Malting Group, Cargill Inc., King Arthur Flour Company, Munton's plc, Simpsons Malt Ltd., Imperial Malts Ltd., IREKS GmbH, Bairds Malt Ltd., Axereal SCA, Great Western Malting Co., GrainCorp Malt, Viking Malt Americas, Warminster Maltings, Maltexco S.A., Malt Products Corporation, Briess Malt & Ingredients Co., MaltBrouwers, MaltEurop Malting Co., Brewers Supply Group, Weyermann Specialty Malts, Malteries Soufflet, Bestmalz, Rahr Malting Co., Thomas Fawcett & Sons, Gambrinus Malting Corporation, The Swaen, Malt Handling LLC

Malted Wheat Flour Market 2024 Key Insights:

• 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%.
• Consumer Spending Surge In Bakery And Confectionery Items Drives Malted Wheat Flour Market Growth
• Innovative Formulations And Ingredient Combinations Transforming The Malted Wheat Flour Market
• Western Europe was the largest region in the malted wheat flour market share in 2023

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