Malted Wheat Flour Market Outlook 2024-2033: Trends and Projections
Malted Wheat Flour Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Malted Wheat Flour Market Analysis 2024: Size Forecast and Growth Prospects
Malted Wheat Flour Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Malted Wheat Flour Market Overview 2024: Size, Growth Rate, and Segments
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The malted wheat flour global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Malted Wheat Flour Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The malted wheat flour market size has grown strongly in recent years. It will grow from $37.87 billion in 2023 to $40.08 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased health awareness, changed consumer preferences, increased consumption of bread and confectionery items, increased demand for beer and bakery-confectionery products, traditional baking.
The malted wheat flour market size is expected to see strong growth in the next few years. It will grow to $50.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing gluten-free and allergen-friendly varieties, functional ingredients demand, increasing demand for natural food products, growing desire for gluten-free products, growing consumer spending on bakery and confectionery items. Major trends in the forecast period include shift towards plant-based and vegan diets, artisanal and craft production, product development with new formulations, technological developments in the malted wheat flour, sustainable packaging.
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Scope Of Malted Wheat Flour Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Malted Wheat Flour Market Overview
Market Drivers –
An increase in consumer spending on bakery and confectionery items is expected to propel the growth of the malted wheat flour market going forward. Bakery refers to flour-based foods baked in an oven, whereas confectionery refers to sugar-based foods and desserts. Malted wheat flour is used primarily in bread manufacturing and other food applications. For instance, in May 2021, according to a report published by the American Bakers Association, a US-based bakery-specific national and state trade association, fresh bakery saw mixed first-quarter dollar sales in 2021, with categories including cakes (+10.3%) and croissants (+16.3%). Therefore, an increase in consumer spending on bakery and confectionery items is expected to boost demand for malted wheat flour during the forecast period.
Market Trends –
Product development with new formulations is a key trend gaining popularity in the malted wheat flour market. Major companies operating in the market are introducing new formulations and combinations of ingredients such as dextrose, barley flour, and enzymes to sustain their position in the market. For instance, in February 2021, Malt Products launched Diastatic Malt Flours, which are made from a combination of malted barley flour, wheat flour, and dextrose. Diastatic Malt Flour is a type of malted wheat flour that encourages a strong rise, great texture, and a brown crust in baked goods. It is a sweet, light-coloured powder designed for use in all types of yeast-raised doughs.
The malted wheat flour market covered in this report is segmented –
1) By Product Type: Diastatic Malted Wheat Flour, Non-Diastatic Malted Wheat Flour
2) By Application: Food And Beverage, Bakery And Confectionery, Nutrition Industry, Other Applications
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Regional Insights –
Western Europe was the largest region in the malted wheat flour market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the malted wheat flour market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the malted wheat flour market include Malteurop Groupe S.A., Crisp Malting Group, Cargill Inc., King Arthur Flour Company, Munton’s plc, Simpsons Malt Ltd., Imperial Malts Ltd., IREKS GmbH, Bairds Malt Ltd., Axereal SCA, Great Western Malting Co., GrainCorp Malt, Viking Malt Americas, Warminster Maltings, Maltexco S.A., Malt Products Corporation, Briess Malt & Ingredients Co., MaltBrouwers, MaltEurop Malting Co., Brewers Supply Group, Weyermann Specialty Malts, Malteries Soufflet, Bestmalz, Rahr Malting Co., Thomas Fawcett & Sons, Gambrinus Malting Corporation, The Swaen, Malt Handling LLC
Table of Contents
1. Executive Summary
2. Malted Wheat Flour Market Report Structure
3. Malted Wheat Flour Market Trends And Strategies
4. Malted Wheat Flour Market – Macro Economic Scenario
5. Malted Wheat Flour Market Size And Growth
…..
27. Malted Wheat Flour Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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