Growing demand for convenience food products is the key driver for the growth of the wheat flour market. The demand for wheat flour is increasing due to growing 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 texture and profile of the food product. Due to growing food &beverages industry and improving economic conditions, consumers in developed and developing countries in MEA 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 owing to which the demand for convenience foods has increased significantly. Also, 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 lifestyle are among the other factors promoting the demand for convenience food items. With the increase 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 MEA. The urbanization of society has resulted in the prominence of convenience foods in the modern diet resulting in the market growth. The availability of organic wheat flour broadens their applications in bakery and confectionery, and other industries. Furthermore, the increase in population, coupled with rising economic standard; hike in disposable incomes; and diversification in food habits are surging the demand for convenience foods in MEA. To meet the increasing demands, companies are coming up with the improved quality of wheat flour and efficient distribution channels to serve the wider customer base.
However, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. Due to lockdown in Middle East and African countries, the fast food outlets, hotel and restaurants remain closed which led to the reduction in the retail sales of fast foods like burger, pasta & pizzas which has negatively impacted the market for wheat flour indirectly in the region.
MEA Wheat Flour Market Revenue and Forecast to 2027 (US$ Million)MEA Wheat Flour Market Segmentation
MEA Wheat Flour Market, by Product Type
MEA Wheat Flour Market, by End User
MEA Wheat Flour Market, by Application
MEA Wheat Flour Market, by Distribution Channel
MEA Wheat Flour Market, by Country
MEA Wheat Flour Market -Companies Mentioned
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 10,752.62 Million |
Market Size by 2027 | US$ 12,429.74 Million |
Global CAGR (2020 - 2027) | 2.1% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The List of Companies - Middle East and Africa Wheat Flour Market