What Has Been the Progress and Growth of the Malted Wheat Flour Market in Recent Years?
The malted wheat flour market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for malted wheat flour has experienced potent growth. The projection is that it would escalate from $40.08 billion in 2024 to $42.43 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
The significant growth during the historical period is due to heightened health consciousness, shifting consumer preferences, amplified bread and confectionery consumption, bolstered demand for beer and bakery-confectionery goods, and traditional baking practices.
What Can Be Expected from the Malted Wheat Flour Market in the Coming Years?
The malted wheat flour market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a robust expansion in the malted wheat flour market in the coming years, with forecasts predicting it to reach a valuation of $53.54 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 6.0%.
Among the major contributors of growth during the forecast period are the rising demand for gluten-free, allergen-free variations, higher consumption of natural food products, and increased consumer spending on bakery and confectionery goods. The growth rate can also be attributed to an increased interest in functional ingredients. The forecast period is likely to witness a shifting trend towards vegan, plant-based diets, craft production, and innovation in malted wheat flour formulations. Added to this, sustainable packaging and technological advancements in the malted wheat flour market are projected to be significant trends.
What Are the Critical Driver Fuelling the Malted Wheat Flour Market's Growth?
The malted wheat flour market's growth is anticipated to be fueled by a rise in consumer expenditure on bakery and confectionary goods. Both bakery and confectionery goods, which are based on flour and sugar respectively, use malted wheat flour predominantly in their production processes, such as bread manufacturing. As an example, the Agriculture and Agri-Food Canada(AAFC) reported in November 2023 that the top suppliers of baked goods to the U.K were France, which had exports worth US$548.0 million (15.2% market share) and weight 157.0 million kilograms, and Belgium, whose exports were valued at US$475.6 million (13.2% market share) and weighed 137.7 million kilograms. Furthermore, the U.K stood as the second-largest international market for baked goods, importing goods worth US$3.6 billion and weighing 1.1 billion kilograms during that year. Therefore, it is expected that the growing consumer expenditure on bakery and confectionery goods will heighten the demand for malted wheat flour in the future.
How Is the Malted Wheat Flour Market segmented?
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
Subsegments:
1) By Diastatic Malted Wheat Flour: Light Diastatic Malted Flour, Dark Diastatic Malted Flour
2) By Non-Diastatic Malted Wheat Flour: Light Non-Diastatic Malted Flour, Dark Non-Diastatic Malted Flour
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What New Trends Are Influencing the Malted Wheat Flour Market?
The emergence of novel product developments utilizing new formulations is becoming increasingly trendy in the malted wheat flour industry. Many major firms are introducing unique formulations and ingredient combinations such as dextrose, barley flour, and enzymes, to maintain their market standing. For example, Muntons introduced Plantmalt in September 2022. This range of grain malts, liquid, and powdered malt extracts is specifically designed for the plant-based industry. It aims to support manufacturers in developing superior product ranges. The PlantMalt provides pure and sustainable malted components that improve flavor, texture, color, and mouthfeel, and bring plant-based products closer to the feel of meat-based substitutes.
Who Are the Key Players in the Malted Wheat Flour Market?
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
What Is The Most Dominant Region In The Malted Wheat Flour Market?
Western Europe was the largest region in the malted wheat flour market share in 2024. 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.
