The global wheat flour market is anticipated to grow at a CAGR of around 2% over the forecast period (2024-2031). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. For an instance, in September 2019, ADM opened the largest US mill ever built. The mill has 30,000 cwts of daily flour milling capacity, as the largest ever built from the ground up (versus through later capacity additions).
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The facility is located in Mendota, about 100 miles west of Chicago three 10,000-cwt units are included in the new mill. The A and B units mill hard red winter and spring wheat, respectively, and the C unit is a swing mill that can grind soft wheat, hard wheat, or whole wheat ground from hard winter or spring wheat, providing fine whole wheat flour.
Further, in June 2021, Parle Products, a maker of biscuits and snacks, announced its entry into the branded wheat flour (atta) industry. The ‘Chakki Atta,’ which is a household staple, is being introduced under the Parle G brand, India’s most popular biscuit brand. The consumption of packaged atta is dominated by urban markets, making it essentially an urban phenomenon. However, with the COVID-19 pandemic, consumers in tier 2 and tier 3 cities are switching to branded atta due to the necessity for hygienically ground wheat flour and the assurance of a trusted brand. The company aims to reach even the most isolated households in the country to deliver hygienically ground atta and encourage people to switch to healthier options.
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Market Coverage
- Segment Covered- by Application.
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape-Acarsan Holding, Allied Pinnacle Pty Ltd., Archer-Daniels-Midland Co. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wheat Flour Market– Segmentation
By Application
- All-Purpose Flour
- Bread
- Cakes, Cookies, & Crackers
- Noodles & Cereals
- Others (Pasta)
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