Whole-Wheat Flour Market to Expand At An Amazing Rate by 2033
The whole wheat flour market is expected to grab a stronghold in the global market at a promising CAGR of 6.7% during the forecast period. The global market holds a projected revenue of US$ 72.71 Bn in 2022, and this value is likely to cross US$ 130.34 Bn by the end of 2032.
Whole wheat flour is refined from whole wheat kernels into small, vitamin-and-mineral-loaded fuel, and fiber-rich for incorporation into healthier foods. Whole-wheat flour is a basic food ingredient, and it includes the endosperm, bran, and wheat grain germ which provides it a little darker color thus making it more wholesome. The incorporation of whole-wheat flour in the baking of bread and other baked goods is increasing prominently owing to the growing demand for healthy foods and the rising number of health-conscious consumers.
Healthful living is recognized as one of the megatrends, with whole-wheat flour being titled out as an example of this on-going trend in action, and customers’ favorite for naturally functional foods.
However, the factors that could take down the growth of the whole-wheat flour industry includes, harder accessibility, costlier, and decreased shelf life.
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Millennials Impelling Growth for the Whole-Wheat Flour Market
As whole-wheat flour gives a more pleasant flavor and a chew with great character, it is gaining significant prominence among those going for healthier foods.
Millennials are leading the charge for whole grain baked good, which in turn is providing a significant boost to the whole-wheat flour industry .
In an interview for Food Business News, it was discovered that half of the consumers are interested in whole-wheat flour and one in every four shoppers is going for whole-wheat flour.
Also, according to the data issued by the National Agricultural Statistics Service of the U.S. Department of Agriculture, the whole-wheat flour production accounted for just over 5% of United States flour production in 2017.
Also, it has been observed that the whole-wheat flour products that are shipped from distributors to foodservice operators, increased by more than 15% in 2017.
Whole-Wheat Flour Market: Key Developments
In July 2018, Ardent Mills announced its plans to collaborate with Arcadia Biosciences Inc., an agricultural food ingredient company, on wheat innovation. The project aims to improve the overall flavor of whole-wheat flour and extend the shelf life.
In March 2016, The King Arthur Flour Company introduced an identity preserved 100% whole grain whole-wheat flour.
Whole-Wheat Flour Market: Regional Analysis
Whole-wheat flour is growing at an astonishing rate — proving in the market after market that customers worldwide are beginning to understand the importance of enjoying more whole-wheat flour.
Whole-wheat flour is considered a favorite superfood in Central and Latin America due to its nutritional values and distinct taste.
Whole-wheat flour is considered one of the most extensive and vital resources for many native individuals in North America.
In India and the United Kingdom, white wheat is commonly used for making whole-wheat flour instead of red as in the U.S.
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Whole-Wheat Flour Industry: Key Participants
Some of the market participants in the Whole-Wheat Flour market are:
The King Arthur Flour Company
Bob’s Red Mill Natural Foods
Gold Medal (General Mills)
Georgia Organics
Stone Ground (Arrowhead Mills)
Wheat Montana
Anson Mills
Heartland Mill Inc.
Siemer Milling Company
Lindsey Mills
Hodgson Mills
General Mills
Ardent Mills
Wilkins Rogers Mills
Prestige Group of Industries
Conagra Mills
Sunrise Flour Mill
Kishan Exports
Natural Way Mills
Belize (Archer Daniels Midland)
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