Malted Wheat Flour Market Trends & Growth
The global malted wheat flour market size is anticipated to reach USD 52.20 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.5% during the forecast period. Increasing consumption of malted wheat flour in the production of alcoholic beverages is expected to drive the growth.
Bakery and confectionery application led the global market with a share of approximately 66.6% in 2018. Increasing demand for bakery products from countries such as China and India is expected to fuel the segment growth over the forecast period. These countries mainly use wheat for bread-making as wheat is produced in abundance throughout Asia Pacific. This is also anticipated to attract maltsters to these countries to increase their production capacity and to meet the demand for malting ingredients. A growth in the malted ingredients market will positively influence the market growth for malted wheat flour as well.
Due to the presence of various global malting companies, Europe led the global market with a share of approximately 35% in 2018. Major countries such as Germany and U.K. are driving the consumption of beer and other alcoholic beverages that require malted wheat flour extracts for taste and color enhancement. As a result, the Europe market is expected to witness steady growth over the forecast period.
Asia Pacific is expected to expand at the highest CAGR owing to growth of bakery and confectionery products in China and India. However, this region is also contributing majorly to the growth of food and beverages market due to increasing consumption in China, South Korea, and Japan. Moreover, as this region is one of the major producers of wheat, an increase in production of the grain is anticipated to positively influence the growth.
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Malted Wheat Flour Market Report Highlights
• Application of malted wheat flour in food and beverages is projected to ascend at a CAGR of 5.9% over the forecast period. Majority of the demand is expected to be witnessed in the alcoholic beverage category
• Malted wheat flour market in Asia Pacific is expected to expand at a CAGR of 6.6% during the forecast period owing to significant rise in demand for malted wheat flour from major countries such as China, Japan, and India
• Central and South America region is anticipated to witness a CAGR of 6.1% owing to increase in consumption of bakery and confectionery items in Brazil, Chile, and Argentina
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Malted Wheat Flour Market Segmentation
Grand View Research has segmented the global malted wheat flour market by application and region:
Malted Wheat Flour Application Outlook (Revenue, USD Million, 2015 - 2025)
• Food & Beverages
• Bakery & Confectionery
• Others
Malted Wheat Flour Region Outlook (Revenue, USD Million, 2015 - 2025)
• North America
o U.S.
• Europe
o Germany
o U.K.
o Italy
o France
• Asia Pacific
o China
o Japan
• Central & South America
o Brazil
• Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.