The report of Malted Wheat Flour Market By Type (Saccharification, With Saccharification), By Application (Food and Beverage, Bakery, Confectionaries, Nutrition Industry, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 3.9% during the forecast period.
The rising acceptance of the malted wheat flour in the bakery industry and the growing consumption of confectionery items, particularly in the emerging economies are key factors boosting the growth of the global malted wheat flour market. The global demand for bread is an additional factor that is expected to drive the malted wheat flour market growth. Also, malted wheat flour is used as an agent for controlling enzymatic performance in the fermentation process of bread production. It improves the fermentation process and enables the production of quality dough by making it softer. The importance of malted wheat flour in bread-making processes has led to the adoption of the product in the production of other bakery items too, for example, cookies and biscuits. In countries, like Germany, malted wheat flour is also used in the production of beer in various breweries.
The healthy way of life and the first choice for gluten-free products among consumers are expected to be key factors that may restrain the malted wheat flour market growth. The global malted wheat flour market is expected to face substantial competition from the gluten-free products market. This is mainly due to augmented consciousness of the side effects of gluten, like intestinal damage, etc. Consumers are fluctuating towards the acceptance of healthier products, like rye, and barley that has lesser or no gluten.
By the application segments, the bakery and confectionery segment is held the largest revenue share in 2018. This is mainly because of the increasing global demand for bread is the main aspect of driving the growth of the bakery and confectionary segment across the globe. The food & beverage segment is expected to show significant growth based on the application segment. The rising acceptance of the malted wheat flour in the brewing industry is expected to be the main factor encouraging the growth of the market segment.
Region-wise, the market in Europe register for the largest revenue share of the global market. Worldwide acclaimed maltsters, like Warminster, Bairds, and Simpsons have their manufacturing bases in the UK. Europe is the main consumer of alcoholic beverages the rising consumption of beverages in the region is making the demand for the malted wheat flour market.
The Asia Pacific market is expected to index the highest CAGR during the forecast period. This is mainly due to the increasing consumption of confectionery & bakery products. Similarly, kind government regulations in the region about ingredients used in bakeries are expected to boost product demand in countries, like India, China, and Thailand.
The key players of the global Malted Wheat Flour market are Axereal, Cargill Inc., Crisp Malting Group, Global Malt, GrainCorp Ltd., Ireks GmbH, Malteurop Group, Muntons Plc, Simpsons Malt, Soufflet Group, Viking Malt, Bairds Malt Ltd., Imperial Malts Ltd., King Arthur Flour Company, Archer Daniels Midland Company, Boortmalt N.V., Great Western Malting Co., Mungoswells Malt & Milling, and Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Malted Wheat Flour Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Malted Wheat Flour Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Malted Wheat Flour Market positioning of competitors.
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