A Complete Study of Whole-wheat Flour in Korea from 2023 to 2033

According to our industry analysis, the demand for whole-wheat flour in Korea, in terms of value, is estimated to be around US$ 1,456.1 million in 2023. Over the next ten years, the sales of whole-wheat flour in the country are forecasted to rise at 3.6% CAGR. The forecast further predicts the net valuation of the whole-wheat flour industry in Korea to reach US$ 2,081.4 million by 2033.

Attributes Details
Industry Size of Korea in 2023 US$ 1,456.1 million
Expected Industry Size of Korea by 2033 US$ 2,081.4 million
Forecasted CAGR between 2023 to 2033 3.6%

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Key Insights on the Whole-wheat Flour Sector of Korea

  • With an 8.1% CAGR in whole-wheat flour consumption in Korea between 2018 and 2022, the net worth of the business reached US$ 1,306.4 million in 2022.
  • There has been a steep rise in health-conscious consumers in Korea who are seeking wholesome substitutes for conventional items made with refined flour.
  • A variety of new dishes prepared using whole-wheat flour and inventive culinary techniques have piqued customer interest in the product.

Key Trends Influencing Demand for Whole-wheat Flour in Korea

As people in Korea are shifting toward healthier eating practices, there is a growing adoption of whole-wheat flour as part of their regular balanced diet. Because whole-wheat flour contains more fiber and other minerals, its use in Korea is rising as a healthier alternative against refined flour and dishes prepared from it.

Bakery products and confectionaries prepared from whole-wheat are also becoming more popular in Korea with the growing influence of Western culinary practices. In addition to this, Korean people are choosing whole-grain wheat products due to rising cases of celiac illness and gluten sensitivity.

The necessity of a robust supply chain for wheat grain imports has come to light by the pandemic and deteriorating geopolitical situations. The whole-wheat flour business in Korea is poised to flourish as regional players have shown immense flexibility and are increasingly diversifying their source of wheat grains.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Category-wise insights

Wheat Flour Obtained from Conventional Farming Methods Dominates in Korea

The conventional whole-wheat flour segment is anticipated to capture around 34% of total sales in Korea in 2023.

Whole-wheat Flour in Korea based on Nature Conventional Whole-wheat Flour
Total Share (2023) 34%

Conventional whole-wheat flour has the potential to draw in a larger customer base in Korea as it can be priced competitively with regular flour. However, aggressive marketing and strong branding by organic whole-wheat flour suppliers in Korea are anticipated to strengthen the organic segment in the coming days.

Bakery Products Create Higher Demand for Whole-wheat Flour in Korea

Higher application of whole-wheat flour for bakery production is expected to contribute to 31% of the total sales in Korea in 2023.

Whole-wheat Flour in Korea based on End Use Application Bakery Product
Total Share (2023) 31%

Bakery businesses in Korea typically prefer whole-wheat flour as it is more affordable and convenient to handle during baking and kneading. The share of this segment is anticipated to increase further due to the growing popularity of specialized bakeries and cafés that place a higher emphasis on premium and healthy products.

Competitive Landscape

The overall whole-wheat sector in Korea is highly consolidated as the country is traditionally rice-based and most of the wheat is imported by some leading players. Public awareness efforts by whole-wheat flour manufacturers in Korea emphasizing the flexibility and health advantages of the product are expected to encourage the rise of more regional players.

Consumer decisions as well as whole-wheat flour manufacturers in Korea are anticipated to be influenced by government initiatives that support a healthy diet. Backing and financial assistance for companies making whole-wheat products and other healthy food alternatives are expected to expand and diversify the industry during the projected years.

Recent Developments for the Whole-wheat Flour Industries in Korea

In September 2022, South Korea decided to use rice flour in place of wheat flour whenever feasible to address growing price and supply chain issues. Since Russia and Ukraine combined account for almost a quarter of the world's wheat supply, the unrest last year raised worries about a possible wheat shortage in Korea. South Korea is considering different creative solutions to close this gap and increase its whole-wheat flour supply in recent years.

According to an updated survey report, about 50% of South Korea's whole-wheat flour demand in 2021 came from the noodles industry. Furthermore, around 30% of wheat flour was consumed in the bakery products sector, while 8% was utilized in the preparation of confectionery items. Pasta and noodles sales in South Korea are expected to reach a volume of 494 million kilograms in 2023, up from 433 million kilograms in 2017.

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Key Players Offering Whole-wheat Flour in Korea

  • CJ CheilJedang
  • SPC Samlip Corporation
  • Shinsegae Food
  • Ottogi Food
  • Pulmuone Inc.
  • Maeil Dairies Co., Ltd.
  • Binggrae Co., Ltd.
  • Seoul Food
  • Dongwon F&B
  • Sajo Group
  • Lotte Samyang
  • Nongshim Inc.

Scope of the Report

Attribute Details
Estimated Industry Size in 2023 US$ 1,456.1 million
Projected Industry Size by 2033 US$ 2,081.4 million
Anticipated CAGR between 2023 to 2033 3.6% CAGR
Historical Analysis of Demand for Whole-wheat Flour in Korea 2018 to 2022
Demand Forecast for Whole-wheat Flour in Korea 2023 to 2033
Report Coverage Industry Size, Industry Trends, Analysis of key factors influencing Whole-wheat Flour in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Korea Providers
Key Companies Profiled CJ CheilJedang; SPC Samlip Corporation; Shinsegae Food; Ottogi Food; Pulmuone Inc.; Maeil Dairies Co., Ltd.; Binggrae Co., Ltd.; Seoul Food; Dongwon F&B; Sajo Group; Lotte Samyang; Nongshim Inc.
Key Provinces Analyzed while Studying Opportunities in Whole-wheat Flour in Korea South Gyeongsang, North Jeolla, South Jeolla, Jeju

Key Segments Covered in Korea Whole-wheat Flour Industry Survey

By Product Type:

  • Pancake Flour
  • Bread Flour
  • Pizza Flour
  • Cracker Flour

By Nature:

  • Organic
  • Conventional

By Application:

  • Bakery Products
  • Bread
  • Biscuits
  • Buns
  • Rolls
  • Cookies
  • Sweet Goods
  • Desserts
  • Tortillas

By Packaging:

  • Bags
  • Supersacks
  • Bulk Tankers

By Sales Channel:

  • Direct Sales/B2B
  • Indirect Sales/B2C
  • Supermarket or Hypermarket
  • Retail Stores
  • Specialty Stores
  • General Grocery Stores
  • Online Stores

By Province:

  • South Gyeongsang
  • North Jeolla
  • South Jeolla
  • Jeju

Frequently Asked Questions

At What Rate is the Whole-wheat Flour Adoption is Growing in Korea?

The anticipated CAGR for whole-wheat flour sales in Korea through 2033 is 3.6%.

How Big will the Whole-wheat Flour Business be in Korea?

Whole-wheat flour business in Korea could be around US$ 2,081.4 million by 2033.

What is the Key Strategy for Whole-wheat Flour Companies in Korea?

Whole-wheat flour supplying companies are diversifying their wheat sources.

Which is the Leading Application Segment for Whole-wheat Flour in Korea?

Bakery segment to account for 31% revenue share in Korea in 2023.

Which Nature of Whole-wheat Flour has Higher Adoption in Korea?

Adoption of conventional whole-wheat flour currently garners 34% of total sales in Korea.

Table of Content

1. Executive Summary

    1.1. Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033

        5.3.1. Pancake Flour

        5.3.2. Bread Flour

        5.3.3. Pizza Flour

        5.3.4. Cracker Flour

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2023 to 2033

        6.3.1. Organic

        6.3.2. Conventional

    6.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033

7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033

        7.3.1. Bakery Products

        7.3.2. Bread

        7.3.3. Biscuits

        7.3.4. Buns

        7.3.5. Rolls

        7.3.6. Cookies

        7.3.7. Sweet Goods

        7.3.8. Desserts

        7.3.9. Tortillas

    7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Packaging

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Packaging, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Packaging, 2023 to 2033

        8.3.1. Bags

        8.3.2. Super sacks

        8.3.3. Bulk Tankers

    8.4. Y-o-Y Growth Trend Analysis By Packaging, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Packaging, 2023 to 2033

9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Sales Channel, 2018 to 2022

    9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Sales Channel, 2023 to 2033

        9.3.1. Direct Sales/B2B

        9.3.2. Indirect Sales/B2C

        9.3.3. Supermarket/Hypermarket

        9.3.4. Retail Stores

        9.3.5. Specialty Stores

        9.3.6. General Grocery Stores

        9.3.7. Online Stores

    9.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022

    9.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033

10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

    10.1. Introduction

    10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022

    10.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

        10.3.1. South Gyeongsang

        10.3.2. North Jeolla

        10.3.3. South Jeolla

        10.3.4. Jeju

        10.3.5. Rest of Korea

    10.4. Market Attractiveness Analysis By Region

11. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Product Type

        11.2.2. By Nature

        11.2.3. By Application

        11.2.4. By Packaging

        11.2.5. By Sales Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Product Type

        11.3.2. By Nature

        11.3.3. By Application

        11.3.4. By Packaging

        11.3.5. By Sales Channel

    11.4. Key Takeaways

12. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Product Type

        12.2.2. By Nature

        12.2.3. By Application

        12.2.4. By Packaging

        12.2.5. By Sales Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Product Type

        12.3.2. By Nature

        12.3.3. By Application

        12.3.4. By Packaging

        12.3.5. By Sales Channel

    12.4. Key Takeaways

13. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Product Type

        13.2.2. By Nature

        13.2.3. By Application

        13.2.4. By Packaging

        13.2.5. By Sales Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Product Type

        13.3.2. By Nature

        13.3.3. By Application

        13.3.4. By Packaging

        13.3.5. By Sales Channel

    13.4. Key Takeaways

14. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Product Type

        14.2.2. By Nature

        14.2.3. By Application

        14.2.4. By Packaging

        14.2.5. By Sales Channel

    14.3. Market Attractiveness Analysis

        14.3.1. By Product Type

        14.3.2. By Nature

        14.3.3. By Application

        14.3.4. By Packaging

        14.3.5. By Sales Channel

    14.4. Key Takeaways

15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Product Type

        15.2.2. By Nature

        15.2.3. By Application

        15.2.4. By Packaging

        15.2.5. By Sales Channel

    15.3. Market Attractiveness Analysis

        15.3.1. By Product Type

        15.3.2. By Nature

        15.3.3. By Application

        15.3.4. By Packaging

        15.3.5. By Sales Channel

    15.4. Key Takeaways

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Product Type

        16.3.3. By Nature

        16.3.4. By Application

        16.3.5. By Packaging

        16.3.6. By Sales Channel

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Daehan Flour Mills Co., Ltd

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Hodgson Mills

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. General Mills

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Ardent Mills

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Wiking Rogers Mills

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Conagra Mills

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Sunrise Flour Mill

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Kishan Exports

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. Natural Way Mills

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Belize Inc

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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