The global wheat flour market size was USD 173.02 billion in 2023. The market is projected to grow from USD 179.73 billion in 2024 to USD 250.15 billion by 2032, exhibiting a CAGR of 4.22% in the 2024-2032 period.

This information is provided by Fortune Business Insights, in its report, titled, “Wheat Flour Market, 2024-2032.”

According to our expert analysts, wheat flour industry is growing rapidly across the globe. Consumer demand for baked goods such as bread, cakes, pastries, biscuits, and cookies has expanded dramatically, driving up demand for wheat-based flour across the food industry. In the coming years, the growing use of wheat-based flour in additional applications such as noodles and pasta are predicted to propel the flour market.

Information Source:  ****https://www.fortunebusinessinsights.com/wheat-flour-market-106313

COVID-19 Impacts:

Growing Wheat Production to Drive the Demand

Wheat, like all other grains, is regarded as a necessary sustenance, as are its by-products flour and bread. Any price adjustment has little effect on demand for or wheat. Wheat has had a limited direct impact due to the COVID-19 pandemic.

According to the International Grain Council's most recent study, wheat production is expected to exceed 765 million tons. Therefore, wheat production is predicted to grow by 2 million tons compared to the previous year. This increase in wheat yield is expected to boost wheat-based flour manufacturing in the coming years.

Segmentation:

Type, Application, and Region are studied for the Market

On the basis of type, the market is segmented into whole and refined. Due to its global reach and appeal, the value of refined or all-purpose flour is the highest in the global market.

Based on application, the market is fragmented into bread, bakery products, noodles & pasta, and others.

By geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The market report examines the industry in depth and focuses on key elements such as the major players, product kinds, and applications. Aside from that, the report provides information on market trends and major industry highlights. Aside from the aforementioned variables, the study covers a number of others that have contributed to the market's recent expansion.

Drivers and Restraints:

Increasing Awareness of Fiber Rich Diets to Stimulate Growth

The demand for whole wheat flour has expanded dramatically due to customer demand for fiber-rich diets. Consumer awareness of the health benefits of fiber-rich meals has resulted in a significant growth in the use of whole flour across various segments of the food business.