Asia Pacific Wheat Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (All-Purpose Flour, Semolina and Durum Flour, Whole-Wheat Flour, Bread Flour, and Others), End User (Residential and Commercial), Application (Bread, Bakery Products, Noodles and Pasta, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online, and Others)
Market Introduction
Wheat flour is a powder prepared by the grinding of wheat used for human consumption. Wheat variations are called "soft" or "weak" if the gluten content is low, and are known as "hard" or "strong" containing high gluten content. With the development of food processing technologies and an increase in the demand for vegan products, the wheat flour market has experienced tremendous growth during the past years. Gluten is a naturally occurring element in the wheat. It's the protein that is responsible for the shape of the baked goods. Glutens develop to be more elastic when the dough is kneaded.
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Market Overview and Dynamics
The wheat flour market in APAC is expected to reach US$ 81,442.31 million by 2027 from US$ 65,661.84 million in 2019 and is anticipated to grow at a CAGR of 3.0% from 2020 to 2027. Growing demand for convenience food products is bolstering the growth of the wheat flour market in APAC. The demand for wheat flour is surging due to increasing consumer preference towards processed or convenience foods. Wheat flour is added as a vital ingredient in convenience food items such as bakery and confectionery products, snacks, and ready-to-eat foods to improve the food product's texture and profile. Due to the rising food & beverage industry and improving economic conditions, consumers in developed and developing APAC countries are inclining more toward convenience foods. Over the past few years, there is a noticeable increase in the consumption of ready-to-eat food and beverages. The demand for convenience foods has increased significantly. With the diversification of distribution channels, convenience foods have found a shelf in the retail outlets and supermarkets.
Further, the change in working demographics and busy lifestyles are among the other factors promoting the demand for convenience food items. With the growth in the demand for convenience food items, the need for wheat flour is set to propel. Currently, the rising demand for food is widely met by convenience foods across APAC. The urbanization of society has resulted in the prominence of convenience foods in the modern diet resulting in market growth. However, shorter shelf life and improper storage facilities for wheat flour is the restraint for the APAC wheat flour market growth.
Furthermore, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The consequence and impact can be even worse and depends on the spread of the virus. The government of APAC is taking possible steps to reduce its effects by announcing lockdown, and thus, affect the revenue generated by the market. The government have asked the wheat farmers to delay their production, which will adversely affect the supply of wheat flour worldwide. APAC is the largest supplier & exporter of wheat in the world. The reduction in the production of wheat by the Asia Pacific will severely affect the supply of wheat worldwide, affecting the wheat flour market.
Key Market Segments
The APAC wheat flour market is segmented into product type, end user, application, and distribution channel. Based on product type, the APAC wheat flour market is categorized into all-purpose flour, semolina and durum flour, whole-wheat flour, bread flour, and others. The bread flour segment dominated the market of the total market share during the forecast period. In contrast, the whole-wheat flour segment is expected to register the fastest growth rate during the forecast period. Based on end user, the APAC wheat flour market is categorized into residential and commercial. In 2019, the APAC wheat flour market was dominated by the commercial segment. The APAC wheat flour market's application segment is sub-segmented into bread, bakery products, noodles and pasta, and others. The bread segment dominated the APAC wheat flour market. The APAC wheat flour market based on distribution channels has been segmented into hypermarkets and supermarkets, convenience stores, online, and others. The supermarket and hypermarket segment held a substantial market share during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the wheat flour market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer-Daniels-Midland Company, Allied Pinnacle, General Mills Inc., George Weston Foods Limited, ITC Limited, KORFEZ Flour Group, and Manildra Group among others.
Reasons to buy report
- To understand the APAC wheat flour market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC Wheat flour Market
- Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.
APAC Wheat Flour Market Segmentation
APAC Wheat Flour Market, by Product Type
- All-Purpose Flour
- Bread Flour
- Semolina and Durum Flour
- Whole Wheat Flour
- Others
APAC Wheat Flour Market, by End User
- Residential
- Commercial
APAC Wheat Flour Market, by application
- Bread
- Bakery Products
- Noodles and Pasta
- Others
APAC Wheat Flour Market, by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
APAC Wheat Flour Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Company Profiles
- Archer-Daniels-Midland Company
- Allied Pinnacle
- General Mills Inc.
- George Weston Foods Limited
- ITC Limited
- KORFEZ Flour Group
- Manildra Group
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 APAC Market Segmentation
1.3.1 APAC Wheat Flour Market, by Product Type
1.3.2 APAC Wheat Flour Market, by End User
1.3.3 APAC Wheat Flour Market, by Application
1.3.4 APAC Wheat Flour Market, by Distribution Channel
· Supermarkets and Hypermarkets
· Convenience Stores
· Online
· Others
1.3.5 APAC Wheat Flour Market, by Country
2. APAC Wheat Flour Market – Key Takeaways
3. Research Methodology
3.1.1 Data Collection:
3.1.2 Primary Interviews:
3.1.3 Hypothesis formulation:
3.1.4 Macro-economic factor analysis:
3.1.5 Developing base number:
3.1.6 Data Triangulation:
3.1.7 Country level data:
4. APAC Wheat Flour Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC: PEST Analysis
4.3 Expert Opinion
5. APAC Wheat Flour Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Inclination Towards Healthy Lifestyle And Health Benefits Of Wheat Flour
5.1.2 Growing Demand For Convenience Foods
5.2 Market Restraints
5.2.1 Shorter Shelf Life And Improper Storage Facilities For Wheat Flour
5.3 Market Opportunities:
5.3.1 Surging Preference For Organic Wheat Flour
5.4 Future Trends:
5.4.1 Growing Trend Of Innovative And Improved Form Of Packaging
5.5 Impact Analysis
6. Wheat Flour – APAC Market Analysis
6.1 Overview
6.2 APAC: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. APAC Wheat Flour Market Analysis – By Product Type
7.1 Overview
7.2 APAC: Wheat Flour Market, by Product Type
7.3 All-Purpose Flour
7.3.1 Overview
7.3.2 All-Purpose Flour: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Semolina and Durum Flour
7.4.1 Overview
7.4.2 Semolina and Durum Flour: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Whole-Wheat Flour
7.5.1 Overview
7.5.2 Whole Wheat Flour: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
7.6 Bread Flour
7.6.1 Overview
7.6.2 Bread Flour: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
8. APAC Wheat Flour Market Analysis – By Application
8.1 Overview
8.2 APAC: Wheat Flour Market, by Application
8.3 Bread
8.3.1 Bread: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Bakery Products
8.4.1 Bakery Products: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Noodles And Pasta
8.5.1 Overview
8.5.2 Noodles and Pasta: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
9. APAC Wheat Flour Market Analysis – By End User
9.1 Overview
9.2 APAC: Wheat Flour Market, by End User
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
10. APAC Wheat Flour Market Analysis – By Distribution Channel
10.1 Overview
10.2 APAC: Wheat Flour Market, by Distribution Channel
10.3 Supermarkets and Hypermarkets
10.3.1 Overview
10.3.2 Supermarket and Hypermarket: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
10.4 Convenience Stores
10.4.1 Overview
10.4.2 Convenience Stores: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
10.5 Online
10.5.1 Overview
10.5.2 Online: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
10.6 Others
10.6.1 Overview
10.6.2 Others: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
11. APAC Wheat Flour Market – Country Analysis
11.1 Overview
11.1.1 APAC: Wheat Flour Market, by Key Country
11.1.1.1 Australia: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 Australia: Wheat Flour Market, by Product Type
11.1.1.1.2 Australia: Wheat Flour Market, by End User
11.1.1.1.3 Australia: Wheat Flour Market, by Application
11.1.1.1.4 Australia: Wheat Flour Market, by Distribution Channel
11.1.1.2 China: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 China: Wheat Flour Market, by Product Type
11.1.1.2.2 China: Wheat Flour Market, by End User
11.1.1.2.3 China: Wheat Flour Market, by Application
11.1.1.2.4 China: Wheat Flour Market, by Distribution Channel
11.1.1.3 India: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.3.1 India: Wheat Flour Market, by Product Type
11.1.1.3.2 India: Wheat Flour Market, by End User
11.1.1.3.3 India: Wheat Flour Market, by Application
11.1.1.3.4 India: Wheat Flour Market, by Distribution Channel
11.1.1.4 Japan: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.4.1 Japan: Wheat Flour Market, by Product Type
11.1.1.4.2 Japan: Wheat Flour Market, by End User
11.1.1.4.3 Japan: Wheat Flour Market, by Application
11.1.1.4.4 Japan: Wheat Flour Market, by Distribution Channel
11.1.1.5 South Korea: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.5.1 South Korea: Wheat Flour Market, by Product Type
11.1.1.5.2 South Korea: Wheat Flour Market, by End User
11.1.1.5.3 South Korea: Wheat Flour Market, by Application
11.1.1.5.4 South Korea: Wheat Flour Market, by Distribution Channel
11.1.1.6 Rest of APAC: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.6.1 Rest of APAC: Wheat Flour Market, by Product Type
11.1.1.6.2 Rest of APAC: Wheat Flour Market, by End User
11.1.1.6.3 Rest of APAC: Wheat Flour Market, by Application
11.1.1.6.4 Rest of APAC: Wheat Flour Market, by Distribution Channel
12. Impact of COVID-19 Pandemic on APAC Wheat Flour Market
12.1 APAC: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Product News
14. Company Profiles
14.1 Archer-Daniels-Midland Company
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Allied Pinnacle
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 General Mills Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.4 George Weston Foods Limited
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.5 ITC Limited
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 KORFEZ Flour Group.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products And Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.7 Manildra Group
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products And Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 3. APAC Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 4. APAC Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 5. APAC Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 6. Australia Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 7. Australia Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 8. Australia Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. Australia Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 10. China Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 11. China Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 12. China Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 13. China Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 14. India Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 15. India Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 16. India Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 17. India Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 18. Japan Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 19. Japan Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 20. Japan Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 21. Japan Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 22. South Korea Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 23. South Korea Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 24. South Korea Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 25. South Korea Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 26. Rest of Asia Pacific Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 27. Rest of Asia Pacific Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 28. Rest of Asia Pacific Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 29. Rest of Asia Pacific Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 30. Glossary of Terms, APAC Wheat Flour Market
LIST OF FIGURES
Figure 1. APAC Wheat Flour Market Segmentation
Figure 2. APAC Wheat Flour Market Segmentation – By Country
Figure 3. APAC Wheat Flour Market Overview
Figure 4. Bread Segment Held Largest Share of APAC Wheat Flour Market
Figure 5. China Country Held Largest Share of APAC Wheat Flour Market
Figure 6. Wheat Flour Market, Industry Landscape
Figure 7. Expert Opinion
Figure 8. APAC Wheat Flour Market Impact Analysis of Drivers and Restraints
Figure 9. APAC: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. APAC: Wheat Flour Market Revenue Share, by Product Type (2019 and 2027)
Figure 11. APAC All-Purpose Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 12. APAC Semolina and Durum Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 13. APAC Whole Wheat Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 14. APAC Bread Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 15. APAC Others: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 16. APAC: Wheat Flour Market Revenue Share, by Application (2019 and 2027)
Figure 17. APAC Bread: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 18. APAC Bakery Products: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 19. APAC Noodles and Pasta: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 20. APAC Others: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 21. APAC: Wheat Flour Market Revenue Share, by End User (2019 and 2027)
Figure 22. APAC Residential: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 23. APAC Commercial: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 24. APAC: Wheat Flour Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 25. APAC Supermarket and Hypermarket: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 26. APAC Convenience Stores: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 27. APAC Online: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 28. APAC Others: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 29. APAC: Wheat Flour Market Revenue Share, by Key Country (2019 and 2027)
Figure 30. Australia: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. China: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Figure 32. India: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Figure 33. Japan: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Figure 34. South Korea: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Figure 35. Rest of APAC: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in APAC Country Markets
The List of Companies
- Archer-Daniels-Midland Company
- Allied Pinnacle
- General Mills Inc.
- George Weston Foods Limited
- ITC Limited
- KORFEZ Flour Group
- Manildra Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APACWheat Flour Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the APACWheat Flour Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth APACmarket trends and outlook coupled with the factors driving the wheat flour market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.