Wheat Flour ???????????????????????? Outlook:
The IMARC Group’s latest research report, titled “Wheat Flour Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global wheat flour market size reached US$ 241.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 305.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Wheat Flour Market Overview:
Wheat flour represents the fine powder that is generally obtained by milling or grinding of the whole grain of wheat. It usually forms a viscoelastic dough upon mixing with water, which is further processed for preparing a variety of dishes. Wheat flour contains gluten protein that provides strength and elasticity to the dough and texture to baked products. It is a rich source of carbohydrates, fiber, and proteins with high concentrations of several vitamins and minerals, such as copper, folate, selenium, manganese, phosphorus, etc. Consequently, wheat flour assists in boosting immunity, regulating blood cholesterol levels, improving metabolism, etc. As such, it is extensively utilized in the preparation of cakes, pancakes, bread, pastries, noodles, pasta, chapatti, etc.
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The rising consumer health consciousness, on account of the growing incidences of chronic diseases, is primarily driving the wheat flour market. Additionally, the widespread adoption of bioplastics, changing dietary patterns of individuals, and the inflating need for sustainable development are further catalyzing the market growth. Besides this, the escalating demand for bakery products and the increasing utilization of fortified flour with improved fiber content are acting as significant growth-inducing factors. Moreover, wheat flour is also utilized in the production of paper, shampoos, conditioners, adhesives, etc., which is positively influencing the global market. Apart from this, continuous technological advancements have led to the development of nanotechnology in wheat farming, thereby propelling the market growth. Furthermore, extensive R&D activities by leading manufacturers and the expanding food and beverage (F&B) industry are anticipated to fuel the wheat flour market over the forecasted period.
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1. Wudeli Flour Mill Group
Establishment: 1989
Headquarter: China
2. Ardent Mills, LLC
Establishment: 2014
Headquarter: The United States
3. Archer Daniels Midland Company
Establishment: 1902
Headquarter: The United States
4. General Mills
Establishment: 1928
Headquarter: The United States
5. Allied Pinnacle Pty Limited
Establishment: 2012
Headquarter: Australia
6. Manildra Milling Pvt Ltd
Establishment: 1952
Headquarter: Australia
7. Acarsan Flour
Establishment: 1977
Headquarter: Gaziantep, Turkey
8. KORFEZ Flour Mills
Establishment: 1974
Headquarter: United States
9. George Weston Foods Limited
Establishment: 1962
Headquarter: Australia
10. Hodgson Mill, Inc.
Establishment: 1969
Headquarter: The United States
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Article source: https://article-realm.com/article/Politics/41745-Leading-Players-in-Wheat-Flour-Market-Worldwide-by-IMARC-Group.html
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