Wheat Flour Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2026)

PUBLISHED: June 2, 2022

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Description

Wheat flour offers a wide range of health benefits such as lowering cholesterol, controlling obesity, regulating blood sugar, and improving metabolism. It also contains gluten and is used to add strength and elasticity to the dough. These benefits have surged the demand for wheat flour. Over the forecast period, dynamic changes in eating patterns, higher disposable incomes, and the rapidly growing global population are poised to drive the wheat flour market toward maturity. Moreover, awareness about the health benefits of wheat flour, coupled with the rise of artisanal baking, is expected to create positive revenue outcomes in the wheat flour market. According to Fairfield Market Research, by 2026, the global wheat flour market is anticipated to be valued at US$ 274,523 Mn. Compared to the market valuation of 2019, US$ 212,671 Mn, the expected valuation is a strong indicator of the fresh business opportunities residing in the wheat flour market.

Key Highlights and Trends Across Wheat Flour Market:

Between 2019 to 2026, the wheat flour market is set to register a steady CAGR of 3.8% due to the consistently rising demand for protein-rich, whole grain-based diets. Bread, followed by bakery and confectionery, is projected to hold the largest market share.

Based on the nature of the market, the conventional wheat flour segment is predicted to command the most significant share of 92.0%. The lucrative business prospects floating in the HoReCa industry are expected to phenomenally augment the demand for durum wheat.

On the basis of type, observing a market share of 59.6% in 2019, the bread flour segment is expected to sustain its dominance in the wheat flour market, followed by all-purpose flour, semolina and durum flour, and whole wheat flour.

Rising Demand for Bakery Products, Robust Product Innovation Promise Steady Growth

The demand for bakery products has risen exponentially, particularly among millennials. In emerging economies, increasing disposable income has fueled the demand for products such as cakes, pastries, and pizzas. This has yielded high-value outcomes for the wheat flour market. Notably, the trend of eating out in restaurants has created stellar demand for whole grains from within the HoReCa industry, opening new growth avenues for the global wheat flour market. Additionally, consumers have become more conscious about their calorie intake, propelling manufacturers to monetize this opportunity by engaging in rigorous R&D, M&A, and open innovation. Considering this widespread demand for healthy bakery snacks, key market players are also expected to roll out more batches of nutritious bakery goods rich in vitamins, minerals, and fortified flours.

High Demand for Wheat-Based Products Positions Asia Pacific as Foremost Market Leader

Being the global hub of wheat production, the Asia Pacific is anticipated to dominate the wheat flour market. In 2019, its share in the wheat flour market stood at 33.4%, the highest world over. In this region, the demand for wheat flour is predicted to increase due to higher consumption of wheat-based products, growing disposable incomes, and rising preference for healthy bakery items. By 2026, these factors are poised to enable APAC's wheat flour market to expand at a CAGR of 4.3%.

Prominent Market Players:

Key market players in the wheat flour market include: Ardent Mills, LLC, King Arthur Flour Co., Bob's Red Mill Natural Foods, General Mills, Inc, Grain Craft, Archer Daniels Midland Company, Minot Milling, North Dakota Mill, Italgrani USA, and Miller Milling.

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1. Executive Summary

1.1. Global Wheat Flour Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
- 2.3.1. Drivers
- 2.3.2. Restraints
2.4. Value Chain Analysis
2.5. Porter's Five Forces Analysis
2.6. Covid-19 Impact Analysis
2.7. Key Patents

3. Global Wheat Flour Market Outlook, 2018 - 2026

3.1. Global Wheat Flour Market Outlook, by Type (US$ '000), 2018 - 2026
- 3.1.1. Key Highlights
  - 3.1.1.1. All-Purpose Flour
  - 3.1.1.2. Bread Flour
  - 3.1.1.3. Semolina and Durum Flour
  - 3.1.1.4. Whole Wheat Flour
  - 3.1.1.5. Others
- 3.1.2. BPS Analysis/Market Attractiveness Analysis
3.2. Global Wheat Flour Market Outlook, by Nature, Value (US$ '000), 2018 - 2026
- 3.2.1. Key Highlights
  - 3.2.1.1. Organic
  - 3.2.1.2. Conventional
- 3.2.2. BPS Analysis/Market Attractiveness Analysis
3.3. Global Wheat Flour Market Outlook, by End User, Value (US$ '000), 2018 - 2026
- 3.3.1. Key Highlights
  - 3.3.1.1. Noodles and Pasta
  - 3.3.1.2. Bakery and Confectionery
  - 3.3.1.3. Bread
  - 3.3.1.4. Others
- 3.3.2. BPS Analysis/Market Attractiveness Analysis
3.4. Global Wheat Flour Market Outlook, by Distribution Channel, Value (US$ '000), 2018 - 2026
- 3.4.1. Key Highlights
  - 3.4.1.1. Hypermarket
  - 3.4.1.2. Convenience Store
  - 3.4.1.3. Online Retail
  - 3.4.1.4. Other Retail
- 3.4.2. BPS Analysis/Market Attractiveness Analysis
3.5. Global Wheat Flour Market Outlook, by Region, Value (US$ '000), 2018 - 2026
- 3.5.1. Key Highlights
  - 3.5.1.1. North America
  - 3.5.1.2. Europe
  - 3.5.1.3. Asia Pacific
  - 3.5.1.4. Latin America
  - 3.5.1.5. Middle East & Africa
- 3.5.2. BPS Analysis/Market Attractiveness Analysis

4. North America Wheat Flour Market Outlook, 2018 - 2026

4.1. North America Wheat Flour Market Outlook, by Type (US$ '000), 2018 - 2026
- 4.1.1. Key Highlights
  - 4.1.1.1. All-Purpose Flour
  - 4.1.1.2. Bread Flour
  - 4.1.1.3. Semolina and Durum Flour
  - 4.1.1.4. Whole Wheat Flour
  - 4.1.1.5. Others
- 4.1.2. BPS Analysis/Market Attractiveness Analysis
4.2. North America Wheat Flour Market Outlook, by Nature, Value (US$ '000), 2018 - 2026
- 4.2.1. Key Highlights
  - 4.2.1.1. Organic
  - 4.2.1.2. Conventional
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Wheat Flour Market Outlook, by End User, Value (US$ '000), 2018 - 2026
- 4.3.1. Key Highlights
  - 4.3.1.1. Noodles and Pasta
  - 4.3.1.2. Bakery and Confectionery
  - 4.3.1.3. Bread
  - 4.3.1.4. Others
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Wheat Flour Market Outlook, by Distribution Channel, Value (US$ '000), 2018 - 2026
- 4.4.1. Key Highlights
  - 4.4.1.1. Hypermarket
  - 4.4.1.2. Convenience Store
  - 4.4.1.3. Online Retail
  - 4.4.1.4. Other Retail
- 4.4.2. BPS Analysis/Market Attractiveness Analysis
4.5. North America Wheat Flour Market Outlook, by Country, Value (US$ '000), 2018 - 2026
- 4.5.1. Key Highlights
  - 4.5.1.1. U.S. Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 4.5.1.2. Canada Wheat Flour Market by Value (US$ '000), 2018 - 2026
- 4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Wheat Flour Market Outlook, 2018 - 2026

5.1. Europe Wheat Flour Market Outlook, by Type (US$ '000), 2018 - 2026
- 5.1.1. Key Highlights
  - 5.1.1.1. All-Purpose Flour
  - 5.1.1.2. Bread Flour
  - 5.1.1.3. Semolina and Durum Flour
  - 5.1.1.4. Whole Wheat Flour
  - 5.1.1.5. Others
- 5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Europe Wheat Flour Market Outlook, by Nature, Value (US$ '000), 2018 - 2026
- 5.2.1. Key Highlights
  - 5.2.1.1. Organic
  - 5.2.1.2. Conventional
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Wheat Flour Market Outlook, by End User, Value (US$ '000), 2018 - 2026
- 5.3.1. Key Highlights
  - 5.3.1.1. Noodles and Pasta
  - 5.3.1.2. Bakery and Confectionery
  - 5.3.1.3. Bread
  - 5.3.1.4. Others
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Wheat Flour Market Outlook, by Distribution Channel, Value (US$ '000), 2018 - 2026
- 5.4.1. Key Highlights
  - 5.4.1.1. Hypermarket
  - 5.4.1.2. Convenience Store
  - 5.4.1.3. Online Retail
  - 5.4.1.4. Other Retail
- 5.4.2. BPS Analysis/Market Attractiveness Analysis
5.5. Europe Wheat Flour Market Outlook, by Country, Value (US$ '000), 2018 - 2026
- 5.5.1. Key Highlights
  - 5.5.1.1. Germany Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 5.5.1.2. France Wheat Flour Market by Product, Value (US$ '000), 2018 - 2026
  - 5.5.1.3. U.K. Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 5.5.1.4. Italy Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 5.5.1.5. Spain Wheat Flour Market by Product, Value (US$ '000), 2018 - 2026
  - 5.5.1.6. Rest of Europe Wheat Flour Market Value (US$ '000), 2018 - 2026
- 5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Wheat Flour Market Outlook, 2018 - 2026

6.1. Asia Pacific Wheat Flour Market Outlook, by Type (US$ '000), 2018 - 2026
- 6.1.1. Key Highlights
  - 6.1.1.1. All-Purpose Flour
  - 6.1.1.2. Bread Flour
  - 6.1.1.3. Semolina and Durum Flour
  - 6.1.1.4. Whole Wheat Flour
  - 6.1.1.5. Others
- 6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. Asia Pacific Wheat Flour Market Outlook, by Nature, Value (US$ '000), 2018 - 2026
- 6.2.1. Key Highlights
  - 6.2.1.1. Organic
  - 6.2.1.2. Conventional
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Wheat Flour Market Outlook, by End User, Value (US$ '000), 2018 - 2026
- 6.3.1. Key Highlights
  - 6.3.1.1. Noodles and Pasta
  - 6.3.1.2. Bakery and Confectionery
  - 6.3.1.3. Bread
  - 6.3.1.4. Others
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Wheat Flour Market Outlook, by Distribution Channel, Value (US$ '000), 2018 - 2026
- 6.4.1. Key Highlights
  - 6.4.1.1. Hypermarket
  - 6.4.1.2. Convenience Store
  - 6.4.1.3. Online Retail
  - 6.4.1.4. Other Retail
- 6.4.2. BPS Analysis/Market Attractiveness Analysis
6.5. Asia Pacific Wheat Flour Market Outlook, by Country, Value (US$ '000), 2018 - 2026
- 6.5.1. Key Highlights
  - 6.5.1.1. India Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 6.5.1.2. China Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 6.5.1.3. Japan Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 6.5.1.4. Australia & New Zealand Wheat Flour Market Value (US$ '000), 2018 - 2026
  - 6.5.1.5. Rest of Asia Pacific Market by Value (US$ '000), 2018 - 2026
- 6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Wheat Flour Market Outlook, 2018 - 2026

7.1. Latin America Wheat Flour Market Outlook, by Type (US$ '000), 2018 - 2026
- 7.1.1. Key Highlights
  - 7.1.1.1. All-Purpose Flour
  - 7.1.1.2. Bread Flour
  - 7.1.1.3. Semolina and Durum Flour
  - 7.1.1.4. Whole Wheat Flour
  - 7.1.1.5. Others
- 7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Latin America Wheat Flour Market Outlook, by Nature, Value (US$ '000), 2018 - 2026
- 7.2.1. Key Highlights
  - 7.2.1.1. Organic
  - 7.2.1.2. Conventional
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Wheat Flour Market Outlook, by End User, Value (US$ '000), 2018 - 2026
- 7.3.1. Key Highlights
  - 7.3.1.1. Noodles and Pasta
  - 7.3.1.2. Bakery and Confectionery
  - 7.3.1.3. Bread
  - 7.3.1.4. Others
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Wheat Flour Market Outlook, by Distribution Channel, Value (US$ '000), 2018 - 2026
- 7.4.1. Key Highlights
  - 7.4.1.1. Hypermarket
  - 7.4.1.2. Convenience Store
  - 7.4.1.3. Online Retail
  - 7.4.1.4. Other Retail
- 7.4.2. BPS Analysis/Market Attractiveness Analysis
7.5. Latin America Wheat Flour Market Outlook, by Country, Value (US$ '000), 2018 - 2026
- 7.5.1. Key Highlights
  - 7.5.1.1. Brazil Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 7.5.1.2. Mexico Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 7.5.1.3. Rest of Latin America Wheat Flour Market by Value (US$ '000), 2018 - 2026
- 7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Wheat Flour Market Outlook, 2018 - 2026

8.1. Middle East & Africa Wheat Flour Market Outlook, by Type (US$ '000), 2018 - 2026
- 8.1.1. Key Highlights
  - 8.1.1.1. All-Purpose Flour
  - 8.1.1.2. Bread Flour
  - 8.1.1.3. Semolina and Durum Flour
  - 8.1.1.4. Whole Wheat Flour
  - 8.1.1.5. Others
- 8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. Middle East & Africa Wheat Flour Market Outlook, by Nature, Value (US$ '000), 2018 - 2026
- 8.2.1. Key Highlights
  - 8.2.1.1. Organic
  - 8.2.1.2. Conventional
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Wheat Flour Market Outlook, by End User, Value (US$ '000), 2018 - 2026
- 8.3.1. Key Highlights
  - 8.3.1.1. Noodles and Pasta
  - 8.3.1.2. Bakery and Confectionery
  - 8.3.1.3. Bread
  - 8.3.1.4. Others
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Wheat Flour Market Outlook, by Distribution Channel, Value (US$ '000), 2018 - 2026
- 8.4.1. Key Highlights
  - 8.4.1.1. Hypermarket
  - 8.4.1.2. Convenience Store
  - 8.4.1.3. Online Retail
  - 8.4.1.4. Other Retail
- 8.4.2. BPS Analysis/Market Attractiveness Analysis
8.5. Middle East & Africa Wheat Flour Market Outlook, by Country, Value (US$ '000), 2018 - 2026
- 8.5.1. Key Highlights
  - 8.5.1.1. GCC Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 8.5.1.2. South Africa Wheat Flour Market by Value (US$ '000), 2018 - 2026
  - 8.5.1.3. Rest of Middle East & Africa Wheat Flour Market by Value (US$ '000), 2018 - 2026
- 8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2019
9.2. Company Profiles
- 9.2.1. Archer Daniels Midland Company
  - 9.2.1.1. Company Overview
  - 9.2.1.2. Key Retailing Partners
  - 9.2.1.3. Business Segment Revenue
  - 9.2.1.4. Ingredient Overview
  - 9.2.1.5. Product Offering & its Presence
  - 9.2.1.6. Certifications & Claims
- 9.2.2. Ardent Mills, LLC
- 9.2.3. General Mills, Inc
- 9.2.4. King Arthur Flour Co.
- 9.2.5. Grain Craft
- 9.2.6. North Dakota Mill
- 9.2.7. Bob's Red Mill Natural Foods
- 9.2.8. Italgrani USA
- 9.2.9. Miller Milling
- 9.2.10. Minot Milling