According to the latest report by IMARC Group, titled "North America Wheat Flour Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the North America wheat flour market reached a volume of 14.8 Million Tons in 2022. Wheat flour refers to one of the most common types of flour widely used for the preparation of numerous dishes across North America. It is obtained by milling or grinding the whole grain of wheat. It consists of gluten proteins that render a viscoelastic characteristic to the dough formed by kneading the flour with water. A good source of essential nutrients, such as proteins, fiber, carbohydrates, vitamins and minerals, it aids in lowering cholesterol levels, regulating blood sugar levels and maintaining weight. It is also essential in boosting immunity, improving metabolism and minimizing the chances of developing heart conditions. As a result, it is extensively used in a vast array of food preparations, including cakes, bread, pasta, noodles and chapattis.
North America Wheat Flour Market Trends:
The market is primarily driven by significant growth in the food sector across the North American region. The rising demand for wheat flour for the preparation of several bakery and fast food products is providing a thrust to the market growth. Along with this, growing health consciousness among the masses has further facilitated the uptake of wheat-based products in the region. Wheat flour not only offers numerous health benefits but also has an extremely low-fat content. Additionally, several market players are launching fortified product variants with improved fiber content to cater to the evolving requirements of the consumers. Furthermore, the increasing applications of the flour in non-food sectors are acting as another major growth-inducing factor. Wheat flour is extensively used in the manufacturing of several cosmetic and personal care products, such as shampoos, conditioners and organic soaps. It is also utilized as an essential component for the production of biofuels. On account of the aforementioned factors, the market is expected to grow at a CAGR of 9.1% during 2023-2028.
- On the basis of the type, the market has been divided all-purpose, semolina, whole-wheat, fine wheat, bread and other flour.
- Based on the end-use, the market has been classified into food use, feed use, biofuel, and others.
- On the basis of the distribution channel, the market has been categorized into supermarkets and hypermarkets, independent retailers, convenience stores, specialty stores, online stores, and others.
- On the geographical front, the market has been segregated into the United States, Canada, and Mexico.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the industry.
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