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The demand for wheat flour has increased on account of the lockdowns and stay-at-home orders imposed by governments to curb the spread of the coronavirus disease (COVID-19). However, these measures have also disrupted the supply chains, which is negatively impacting the market growth.
The global wheat flour market reached a value of US$ 160 Billion in 2020.
The global wheat flour market is expected to exhibit moderate growth during the next five years.
The growing utilization of wheat flour in the food industry is bolstering the market growth. This is further supported by factors like shifting dietary preferences and the inflating per capita incomes of the consumers.
The growing application of wheat flour in non-food applications such as the production of adhesives, plastics, and personal care products represents one of the major trends in the market.
Based on the type, the market is bifurcated into all-purpose, semolina, whole-wheat, fine wheat, and bread flour. Among these, all-purpose and whole-wheat flour represent the most popular product types.
The market is categorized into food use, feed use and biofuel, among which the food industry exhibits a clear dominance.
Based on the distribution channel, the market has been categorized into supermarkets and hypermarkets, independent retailers, convenience stores, specialty stores, and online. The majority of the wheat flour is distributed through supermarkets and hypermarkets.
Region-wise, China holds the leading position in the market. Other major regions include India, the European Union, Turkey, and the United States.
The leading industry players are Wudeli Flour Mill Group, Ardent Mills LLC, Archer Daniels Midland Company, General Mills, Inc., Allied Pinnacle Pty Limited, Manildra Milling Pvt Ltd, Acarsan Flour Mills, Korfez Flour Mills, George Weston Foods Limited, and Hodgson Mill, Inc.
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