Middle East and Africa Wheat Flour Market to Grow at a CAGR of 2.1% to reach US$ 12,429.74 Million from 2020 to 2027
The wheat flour market in MEA is expected to reach US$ 12,429.74 million by 2027 from US$ 10,752.62 million in 2019 and is expected to grow at a CAGR of 2.1% from 2020 to 2027.
South Africa and Saudi Arabia are major economies in MEA. In 2019, South Africa contributed to the largest share in the MEA wheat flour market. The growth of the wheat flour market in this country 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 a main ingredient has surged the demand for wheat flour market in the country. The development of new snacks products is projected to create new opportunities for the key players operating in the market over the forecast period. 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)
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MEA Wheat Flour Market Segmentation
MEA Wheat Flour Market, by Product Type
- All-Purpose Flour
- Bread Flour
- Semolina and Durum Flour
- Whole Wheat Flour
- Others
MEA Wheat Flour Market, by End User
- Residential
- Commercial
MEA Wheat Flour Market, by Application
- Bread
- Bakery Products
- Noodles and Pasta
- Others
MEA Wheat Flour Market, by Distribution Channel
MEA Wheat Flour Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Wheat Flour Market -Companies Mentioned
- Archer-Daniels-Midland Company
- Acarsan Holding
- General Mills Inc.
- George Weston Foods Limited
- KORFEZ Flour Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, End User, Application, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 MEA Market Segmentation
1.3.1 MEA Wheat Flour Market, by Product Type
1.3.2 MEA Wheat Flour Market, by End User
1.3.3 MEA Wheat Flour Market, by Application
1.3.4 MEA Wheat Flour Market, by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
1.3.5 MEA Wheat Flour Market, by Country
2. MEA 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. MEA Wheat Flour Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
5. MEA Wheat Flour Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Health Benefits Of Wheat Flour And Rising Inclination Toward Healthy Lifestyle
5.1.2 Growing Demand For Convenience Food Products
5.2 Market Restraints
5.2.1 Improper Storage Facilities And Shorter Shelf Life For Wheat Flour
5.3 Market Opportunities:
5.3.1 Surging Demand for Organic Form of Wheat Flour
5.4 Future Trends:
5.4.1 Rising Trend Of Innovative Packaging
5.5 Impact Analysis
6. Wheat Flour – MEA Market Analysis
6.1 Overview
6.2 MEA: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. MEA Wheat Flour Market Analysis – By Product Type
7.1 Overview
7.2 MEA: 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. MEA Wheat Flour Market Analysis – By Application
8.1 Overview
8.2 MEA: 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. MEA Wheat Flour Market Analysis – By End User
9.1 Overview
9.2 MEA: 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. MEA Wheat Flour Market Analysis – By Distribution Channel
10.1 Overview
10.2 MEA: 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. MEA Wheat Flour Market – Country Analysis
11.1 Overview
11.1.1 MEA: Wheat Flour Market, by Key Country
11.1.1.1 South Africa: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 South Africa: Wheat Flour Market, by Product Type
11.1.1.1.2 South Africa: Wheat Flour Market, by End User
11.1.1.1.3 South Africa: Wheat Flour Market, by Application
11.1.1.1.4 South Africa: Wheat Flour Market, by Distribution Channel
11.1.1.2 Saudi Arabia: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 Saudi Arabia: Wheat Flour Market, by Product Type
11.1.1.2.2 Saudi Arabia: Wheat Flour Market, by End User
11.1.1.2.3 Saudi Arabia: Wheat Flour Market, by Application
11.1.1.2.4 Saudi Arabia: Wheat Flour Market, by Distribution Channel
11.1.1.3 UAE: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 UAE: Wheat Flour Market, by Product Type
11.1.1.3.2 UAE: Wheat Flour Market, by End User
11.1.1.3.3 UAE: Wheat Flour Market, by Application
11.1.1.3.4 UAE: Wheat Flour Market, by Distribution Channel
11.1.1.4 Rest of MEA: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.4.1 Rest of MEA: Wheat Flour Market, by Product Type
11.1.1.4.2 Rest of MEA: Wheat Flour Market, by End User
11.1.1.4.3 Rest of MEA: Wheat Flour Market, by Application
11.1.1.4.4 Rest of MEA: Wheat Flour Market, by Distribution Channel
12. Impact of COVID-19 Pandemic on MEA Wheat Flour Market
12.1 MEA: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Strategy & Business Planning
13.3 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 Acarsan Holding
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 KORFEZ Flour Group
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
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Wheat Flour Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. MEA Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 3. MEA Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 4. MEA Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 5. MEA Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 6. South Africa Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 7. South Africa Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 8. South Africa Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. South Africa Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 10. Saudi Arabia Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Saudi Arabia Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 12. Saudi Arabia Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 13. Saudi Arabia Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 14. UAE Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 15. UAE Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 16. UAE Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 17. UAE Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 18. Rest of MEA Wheat Flour Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 19. Rest of MEA Wheat Flour Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 20. Rest of MEA Wheat Flour Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 21. Rest of MEA Wheat Flour Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 22. Glossary of Terms, MEA Wheat Flour Market
LIST OF FIGURES
Figure 1. MEA Wheat Flour Market Segmentation
Figure 2. MEA Wheat Flour Market Segmentation – By Country
Figure 3. MEA Wheat Flour Market Overview
Figure 4. Bread Segment Held Largest Share of MEA Wheat Flour Market
Figure 5. South Africa Country Held Largest Share of MEA Wheat Flour Market
Figure 6. Wheat Flour Market, Industry Landscape
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. MEA Wheat Flour Market Impact Analysis of Drivers and Restraints
Figure 10. MEA: Wheat Flour Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11.
Figure 12. MEA: Wheat Flour Market Revenue Share, by Product Type (2019 and 2027)
Figure 13. MEA All-Purpose Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 14. MEA Semolina and Durum Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 15. MEA Whole Wheat Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 16. MEA Bread Flour: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 17. MEA Others: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 18. MEA: Wheat Flour Market Revenue Share, by Application (2019 and 2027)
Figure 19. MEA Bread: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 20. MEA Bakery Products: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 21. MEA Noodles and Pasta: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 22. MEA Others: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 23. MEA: Wheat Flour Market Revenue Share, by End User (2019 and 2027)
Figure 24. MEA Residential: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 25. MEA Commercial: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 26. MEA: Wheat Flour Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 27. MEA Supermarket and Hypermarket: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 28. MEA Convenience Stores: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 29. MEA Online: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 30. MEA Others: Wheat Flour Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 31. MEA: Wheat Flour Market Revenue Share, by Key Country (2019 and 2027)
Figure 32. South Africa: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Saudi Arabia: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 34. UAE: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 35. Rest of MEA: Wheat Flour Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 36. Impact of COVID-19 Pandemic in MEA Country Markets
The List of Companies - Middle East and Africa Wheat Flour Market
- Archer-Daniels-Midland Company
- Acarsan Holding
- General Mills Inc.
- George Weston Foods Limited
- KORFEZ Flour Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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