The latest report by IMARC Group titled, “Wheat Flour Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global wheat flour market reached a volume of around 385 Million Tons in 2018, growing at a CAGR of around 1.3% during 2011-2018. Wheat is considered to be one of the most wholesome foods which contains a number of essential nutrition elements. Due to this, it finds applications in the manufacturing of several food products such as bakery products- breads, biscuits, cookies, bagels, rolls, cakes, doughnuts, muffins, pancakes and pie crusts; and snack food products- noodles, pasta, crackers, waffles, ice cream cones, macaroni, spaghetti, etc. Nowadays, it is also being used in infant foods such as porridge, infant cereal, concoctions, etc.
Highlights of the global wheat flour market:
- The market is driven by its expanding applications and health benefits.
- Food is the biggest end-use industry of wheat flour.
- China represents the largest market for wheat flour.
Wheat flour is an excellent source of mineral salts, calcium, magnesium, potassium, sulphur, chlorine, arsenic, silicon, manganese, zinc, iodide, copper, and vitamin B and E. An adequate consumption of wheat flour helps in preventing various diseases such as anaemia, mineral deficiencies, gallstones, breast cancer, chronic inflammation, type 2 diabetes, obesity, asthenia, tuberculosis, etc. These benefits of wheat flour coupled with increasing population, rising disposable incomes, health consciousness and improving standards of living have contributed in influencing its demand. As a result of this, the market is further expected to reach a volume of 411 Million Tons by 2024.
The market for wheat flour is segmented on the basis of end-use. Some of the major application areas of wheat flour are food, feed and biofuel. The food segment holds the largest share, followed by feed. The report provides an analysis of the global wheat flour market on a regional basis. Some of its major markets include China, India, the European Union, the United States and Egypt. Amongst these, China represents the largest market for wheat flour accounting for the majority of the market share. An evaluation of the competitive landscape is also provided, along with the details of the key players operative in the market. Some of the major wheat flour manufacturers include Horizon Milling L.L.C., Conagra Mills, Hodgson Mills Inc, Shawnee Milling Company, Stone-Buhr Flour Company, etc.
The market has examined the global wheat flour market on the basis of:
Market by End-use:
- Food Use
- Feed Use
- Biofuel Use
- European Union
- United States
- Horizon Milling L.L.C.
- Conagra Mills
- Hodgson Mills Inc
- Shawnee Milling Company
- Stone-Buhr Flour Company
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter : @imarcglobal