Asia Pacific Wheat Flour Market Growth and Forecast by 2027

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.

China, India, and Australia are the major economies in APAC. In 2019, China contributed to the largest share in the APAC wheat flour market, and India is anticipated to be the fastest-growing country over the forecast period. The growth of the wheat flour market in the US and India is primarily attributed to the increasing demand for wheat flour based-products coupled with the rapid development and growth in food processing technology. Besides this, the surging demand for convenience food such as wheat bread, noodles, pasta, snacks, and appetizers where wheat flour is used as the main ingredient has surged the Asia Pacific Wheat Flour market demand in these countries. The development of new snack products is projected to create new opportunities for the key players operating in the market over the forecast period. 

Surging preference for organic wheat flour is the key driver for the growth of the wheat flour market. The organic form of wheat flour is cultivated without incorporating artificial fertilizers or harmful chemicals, pesticides, and synthetic fertilizers. Currently, the demand for organic wheat flour is rising rapidly among western nations due to a healthy lifestyle trend. The importance of organic farming has been understood in the wake of alarming health issues caused by harmful synthetic additives and chemicals. The organic form of wheat flour allows the retention of essential nutrients without hampering the product's nutritional aspect. The use of chemicals and fertilizers in the conventional form of wheat flour mostly affects the health and nutrient levels. Consumers are increasingly seeking pure, organic, and highest quality food products, which, in turn, drives the demand for organic wheat flour. In terms of nutritional aspects, organic wheat flour is a rich source of vitamins, proteins, minerals, and fibers. It is extensively demanded in the preparation of cookies, pastries, muffins, and other bakery products. Growing populations demanding more healthy food options and rising disposable income have fueled the demand for organic form of wheat flour. The well-established nations China, India, and Australia are experiencing massive growth in organic food. Moreover, favorable government regulations to promote organic wheat flour in the market are expected to fuel market growth. 

However, 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 has 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 wheat production by the Asia Pacific will severely affect the supply of wheat worldwide, affecting the wheat flour market.

APAC Wheat Flour Market Revenue and Forecast to 2027 (US$ Million)

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

APAC Wheat Flour Market -Companies Mentioned 

• Archer-Daniels-Midland Company
• Allied Pinnacle 
• General Mills Inc.
• George Weston Foods Limited
• ITC Limited
• KORFEZ Flour Group
• Manildra Group

Asia Pacific Wheat Flour Report Scope