Malted Wheat Flour Market Size To Reach $64.98 Billion By 2030

December 2024 | Report Format: Electronic (PDF)

Malted Wheat Flour Market Trends & Growth

The global malted wheat flour market size is expected to reach USD 64.98 billion by 2030, registering a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. 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

The bakery & confectionary segment dominated the market and accounted for a revenue share of 66.1% in 2023. Malted wheat flour contains active enzymes, particularly amylase, which breaks down starches into fermentable sugars.
The diastatic segment accounted for the largest market revenue share in 2023. The amylase enzymes in diastatic malted wheat flour convert starches into fermentable sugars, providing yeast with more food to produce carbon dioxide.
Europe malted wheat flour market accounted for the largest revenue share of 34.6% in 2023. The convenience food market in Europe is expanding rapidly, driven by busy lifestyles and the need for quick, easy-to-prepare meals and snacks.