Wheat Flour Market was Valued at US$ 212,671 Mn in 2019 and is Predicted to Reach US$ 274,523 Mn by 2026 Toward the end of 2026, global wheat flour market is poised to exceed the valuation of US$274.5 Bn. While bread will continue to be the top end-use segment, Asia Pacific is projected to retain the top position global market space. These drawings based on the research analysis of Fairfield Market Research have been presented in the company’s latest report on global wheat flour market. The rise of artisanal bakery, as well as the exponential growth of HoReCa industry will collectively offer a strong impetus to market expansion, says the report. Growing awareness about the health benefits of natural, whole grain, clean-label products is expected to account for an uptick in wheat flour consumption. Visibly rising preference for gluten-free foods will however act as the key impediment facing wheat flour market throughout the forecast period. To Read Complete Report of Wheat Flour Market: https://www.fairfieldmarketresearch.com/report/wheat-flour-market Bread Consumes the Maximum Wheat Flour, Bakery and Confectionary to Follow Growing inclination toward wheat-based flour varieties across food industry will fuel the expansion of what flour market to a significant extent. There has been a notable surge in the use of wheat flour in making of pasta, and noodles over the recent past. Consumption for bread making currently accounts for the largest revenue share of over 55% in market, followed by bakery and confectionary. Increasing uptake of wheat flour by bakery industry predominantly drives the growth of market. Soaring demand for popular baked product categories continues to give the consequential push to wheat flour consumption by bakeries. Popularity of flour recipes like pancakes, premixes, and ready-to-cook products has been recently promoting consumption of refined wheat flour; however, a majority of revenue continues to be driven by conventional wheat flour. Promising Growth Opportunities Abound in Asia Pacific Although Europe remains the largest bakery industry, emerging markets like Asia Pacific, and the Middle East have been witnessing mushrooming demand for innovative indulgent bakery snacks. In addition, the eating out trend across these fast-developing regions has been creating an unwavering stream of revenue generation opportunities for wheat flour producers, across HoReCa sector.
Given the thriving health food trend, brands are also likely to focus on new launches in bakery sector that fall under the fortified foods category. Introduction of innovative flavoured varieties will further continue to be a crucial factor favouring market growth across Asia Pacific. The report forecasts a promising 4.3% CAGR for the market in Asia Pacific through 2026. Key Companies in Global Wheat Flour Market The Fairfield Market Research report provides a detailed insight into the competition landscape of global wheat flour market. Some of the leading market players that have been covered under financial and strategic profiling here in the report, include Archer Daniels Midland Company, Ardent Mills, LLC, General Mills, Inc., King Arthur Flour Co., Grain Craft, North Dakota Mill, Bob’s Red Mill, George Weston Foods Ltd., Natural Foods, Allied Pinnacle Pty Ltd., Italgrani USA, Miller Milling, Hodgson Mills, Inc., Minot Milling, Wudeli Flour Mill Group, ADM Company, Manildra Milling Pvt. Ltd., Acarsan Flour, and Korfez Flour Mill. Brands have recently been keen on emphasising new wheat flour varieties with differentiating health benefits. For More Information: https://www.fairfieldmarketresearch.com/report/wheat-flourmarket About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.