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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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.
Principal Consultant
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.
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.
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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| 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 |
The anticipated CAGR for whole-wheat flour sales in Korea through 2033 is 3.6%.
Whole-wheat flour business in Korea could be around US$ 2,081.4 million by 2033.
Whole-wheat flour supplying companies are diversifying their wheat sources.
Bakery segment to account for 31% revenue share in Korea in 2023.
Adoption of conventional whole-wheat flour currently garners 34% of total sales in Korea.
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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Whole-wheat Flour Industry Analysis in Korea
