Asia Pacific Wheat Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, End User, Application, and Distribution Channel

Bread Segment to Dominate APAC Wheat Flour Market during 2020-2027

According to a new market research study on “APAC Wheat Flour Market Forecast to 2027 - COVID-19 Impact and 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)” is expected to reach US$81,442.31 million by 2027 from US$65,661.84 million in 2019 and is expected to grow at a CAGR of 3.0% from 2020 to 2027. The report provides trends prevailing in the APACwheat flour market along with the drivers and restraints pertaining to the market growth. Rising inclination towards healthy lifestyle and health benefits of wheat flour is the major factor driving the growth of the APAC wheat flour market. However, shorter shelf life and improper storage facilities for wheat flour hinder the growth of APAC wheat flour market. 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 totally depends on the spread of the virus. The governments of APAC countries are taking possible steps to reduce the effects of this outbreak by announcing lockdown, which is, however, impacting the revenue generated by various businesses in these countries. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 emergency would drastically impact the countries’ airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming days. This scenario would hinder the growth of wheat flour market in Asia-Pacific in the coming years.

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 whereasthe 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 application segment of APAC wheat flour market is sub-segmented into bread, bakery products, noodles and pasta, and others. The APAC wheat flour market was dominated by the bread segment. 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.

Archer-Daniels-Midland Company, Allied Pinnacle, General Mills Inc., George Weston Foods Limited, ITC Limited, KORFEZ Flour Group, and Manildra Group are among the leading companies in the APAC wheat flour market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance in 2019, Aashirvaad under ITC Limited has announced the launch of a new range comprising Gluten Free Flour, Ragi Flour and Multi Millet Mix Flour under the umbrella of Aashirvaad Nature’s Super Foods.

The Report Segments The APAC Wheat Flour Market As Follows:

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

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• Scrutinize in-depth APACmarket trends and outlook coupled with the factors driving the wheat flour market, as well as those hindering it.
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