South America Wheat Flour Market
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.
Strategic insights for the South America Wheat Flour provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 14,410.46 Million |
| Market Size by 2027 | US$ 16,939.65 Million |
| Global CAGR (2020 - 2027) | 2.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Wheat Flour refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The wheat flour market in SAM is expected to reach US$ 16,939.65 million by 2027 from US$ 14,410.46 million in 2019 and is expected to grow at a CAGR of 2.4% from 2020 to 2027. The market in the SAM region consists of several developed and developing economies, such as Brazil, Argentina, and the rest of South America. The region is contributing to the growth of the wheat flour market in relation to the diversification of consumer base due to surging demand for convenience food. Growing expenditure on the convenience food products along with rising disposable income is some of the key factors driving the wheat flour market in South America. The demand for bakery products made from flour in South America is driven by the nutritional profile, convenience & accessibility associated with them. An increase in urbanization and working population in South America is also responsible for propelling the demand for fast food and bakery products manufactured using wheat flour, which leads to the growth of wheat flour market in South America. Growing industrialization in the food production business and changing food habits of consumers that creates demand for food with specific flavor & texture increases the sale of wheat flour pasta in South America.
However, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In SAM region, Brazil has the highest number of COVID-19 cases, followed by Peru, Ecuador, Chile, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
The SAM wheat flour market is segmented into product type, end user, application, and distribution channel. Based on product type, the SAM 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 whereas the whole-wheat flour segment is expected to register the fastest growth rate during the forecast period. Based on end user, the SAM wheat flour market is categorized into residential and commercial. In 2019, the SAM wheat flour market was dominated by the commercial segment. The application segment of SAM wheat flour market is sub-segmented into bread, bakery products, noodles and pasta, and others. The SAM wheat flour market was dominated by the bread segment. The SAM 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.
A few major primary and secondary sources referred to for preparing this report on the wheat flour market in SAM 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, General Mills Inc., George Weston Foods Limited, and KORFEZ Flour Group among others.
The List of Companies - South America Wheat Flour Market
The South America Wheat Flour Market is valued at US$ 14,410.46 Million in 2019, it is projected to reach US$ 16,939.65 Million by 2027.
As per our report South America Wheat Flour Market, the market size is valued at US$ 14,410.46 Million in 2019, projecting it to reach US$ 16,939.65 Million by 2027. This translates to a CAGR of approximately 2.4% during the forecast period.
The South America Wheat Flour Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Wheat Flour Market report:
The South America Wheat Flour Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Wheat Flour Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Wheat Flour Market value chain can benefit from the information contained in a comprehensive market report.
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