Philippines Flour Market (2023-2029) | Outlook, Share, Growth, Revenue, Trends, Analysis, Size, Industry, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Raw Material (Wheat, Rice, Maize, Others), By Applications (Bread & Bakery Products, Noodles & Pasta, Animal Feed, Wafers, Crackers, & Biscuits, Non-Food Application, Others), By Technology (Dry Technology, Wet Technology) And Competitive Landscape

Product Code: ETC039970 Publication Date: Jan 2021 Updated Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Philippines Flour Market Competition 2023


Philippines Export Potential Assessment For Flour Market (Values in Thousand)


Topics Covered in the Philippines Flour Market

Philippines Flour Market report thoroughly covers the market by raw material, by applications, and by technology. The Flour Market outlook report provides an unbiased and detailed analysis of the ongoing Flour Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Flour Market Synopsis

The Philippines Flour Market is expected to witness modest growth in the coming years on account of increasing demand from consumers and improved production processes. Additionally, the rising trend of health-conscious consumers and the introduction of innovative products will continue to drive growth in the flour market of the Philippines. The Philippines is the world's second-largest producer of wheat and most of the wheat grown in the Philippines is used for human consumption. Typically, there are three main types of flour produced in the country which include white bread flour, whole wheat flour, and cake flour.

According to 6Wresearch, the Philippines Flour Market size is predicted to grow massively during 2023-2029. The market signifies tremendous growth owing to the increasing population and rising incomes. Additionally, the changing lifestyles and rising health concerns are further augmenting the growth in this market as there is a growing demand for healthy and nutritious food products made with whole wheat flour. Moreover, the country's population is young which provides a significant opportunity for the growth of the food & beverage industry in the country. Generally, flour is widely used to make food products such as pasta, cakes & pastries, bread, and others. There are many factors that are shaping the future of the Philippine flour industry. For instance, economic development, population growth, and changing dietary preferences. However, there is growing competition in the market which is hampering the growth of local producers in the Philippines. Nevertheless, there are several opportunities in the Philippines flour market, including marketing and promotional activities to create awareness about the benefits of flour and the introduction of innovative product formulations and packaging designs to appeal to consumers.

COVID-19 Influence on the Philippines Flour Market

The COVID-19 pandemic enormously impacted the growth of the Philippines flour market size, particularly in terms of consumer behavior and supply chain disruptions as the outbreak has affected the buying behavior of consumers. With the implementation of quarantine measures, there was a surge in demand for cooking at home, leading to an increase in demand for flour. Due to the pandemic, there was also a shift in flour usage as many people stayed at home. Moreover, the government has implemented several measures to support the flour industry during the pandemic such as price freezing on basic commodities to prevent any unreasonable increase in prices. They also provided support to farmers and suppliers to ensure a stable supply of wheat.

Key players in the Philippines Flour Market

The flour market in the Philippines is highly competitive, with several key players dominating the market. Some of the major players in the market are:

  • Republic Flour Mills
  • Universal Robina Corporation
  • San Miguel Mills
  • Philippine Foremost Milling Corporation
  • Atlantic Grains, Inc.
  • Liberty Flour Mills Inc.
  • General Milling Corporation
  • Pilmico Foods Corporation

These key players in the Philippines flour market are constantly innovating their products to meet the changing needs of consumers. They also invest heavily in research and development activities to improve their production processes.

Market Analysis by Raw Material

According to Dhaval, Research Manager, 6Wresearch, wheat flour is the most used flour, accounting for a significant share of the market. Also, Rice flour is also widely used in traditional dishes of the Philippines.

Market Analysis by Applications

By Applications, Bread and bakery products is the largest segment in the market, accounting for the majority of the total demand. Noodles and pasta are also growing with an increasing demand for instant noodles in recent years.

Market Analysis by Technology

By Technology, dry technology is the most appropriate method in flour production as it involves grinding and sieving the raw material to produce flour. On the other hand, wet technology involves fermenting the raw material before grinding.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Philippines Flour Market Outlook
  • Market Size of Philippines Flour Market, 2022
  • Forecast of Philippines Flour Market, 2029
  • Historical Data and Forecast of Philippines Flour Revenues & Volume for the Period 2019 - 2029
  • Philippines Flour Market Trend Evolution
  • Philippines Flour Market Drivers and Challenges
  • Philippines Flour Price Trends
  • Philippines Flour Porter's Five Forces
  • Philippines Flour Industry Life Cycle
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Raw Material for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Wheat for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Rice for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Maize for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Applications for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Bread & Bakery Products for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Noodles & Pasta for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Animal Feed for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Wafers, Crackers, & Biscuits for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Non-Food Application for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Technology for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Dry Technology for the Period 2019 - 2029
  • Historical Data and Forecast of Philippines Flour Market Revenues & Volume By Wet Technology for the Period 2019 - 2029
  • Philippines Flour Import Export Trade Statistics
  • Market Opportunity Assessment By Raw Material
  • Market Opportunity Assessment By Applications
  • Market Opportunity Assessment By Technology
  • Philippines Flour Top Companies Market Share
  • Philippines Flour Competitive Benchmarking By Technical and Operational Parameters
  • Philippines Flour Company Profiles
  • Philippines Flour Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Raw Material

  • Wheat
  • Rice
  • Maize
  • Others

By Applications

  • Bread & Bakery Products
  • Noodles & Pasta
  • Animal Feed
  • Wafers
  • Crackers, & Biscuits
  • Non-Food Application
  • Others

By Technology

  • Dry Technology
  • Wet Technology
Philippines Flour Market: FAQs
The growing demand for bakery and confectionery products, increasing population, and rising disposable incomes are the primary factors driving the growth of the Philippines flour market.
The fluctuating prices of wheat and increasing competition from imported flour products are the major challenges faced by the market.
The opportunities for the market include the growing demand for specialty flour products, the increasing popularity of home baking, and the potential for increased exports.
Some emerging trends in the market include the growing demand for low-carbohydrate flour products, the increasing use of technology, and the development of new flour blends.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Philippines Flour Market Overview
3.1 Philippines Flour Market Revenues & Volume, 2019 - 2029F
3.2 Philippines Flour Market - Industry Life Cycle
3.3 Philippines Flour Market - Porter's Five Forces
3.4 Philippines Flour Market Revenues & Volume Share, By Raw Material, 2022 & 2029F
3.5 Philippines Flour Market Revenues & Volume Share, By Applications, 2022 & 2029F
3.6 Philippines Flour Market Revenues & Volume Share, By Technology, 2022 & 2029F
4 Impact Analysis of COVID-19 on Philippines Flour Market
5 Philippines Flour Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6 Philippines Flour Market Trends
7 Philippines Flour Market, By Raw Material
7.1 Overview and Analysis
7.2 Philippines Flour Market Revenues & Volume, By Raw Material, 2019 - 2029F
7.3 Philippines Flour Market Revenues & Volume, By Wheat, 2019 - 2029F
7.4 Philippines Flour Market Revenues & Volume, By Rice, 2019 - 2029F
7.5 Philippines Flour Market Revenues & Volume, By Maize, 2019 - 2029F
7.6 Philippines Flour Market Revenues & Volume, By Others, 2019 - 2029F
8 Philippines Flour Market, By Applications
8.1 Overview and Analysis
8.2 Philippines Flour Market Revenues & Volume, By Bread & Bakery Products, 2019 - 2029F
8.3 Philippines Flour Market Revenues & Volume, By Noodles & Pasta, 2019 - 2029F
8.4 Philippines Flour Market Revenues & Volume, By Animal Feed, 2019 - 2029F
8.5 Philippines Flour Market Revenues & Volume, By Wafers, Crackers, & Biscuits, 2019 - 2029F
8.6 Philippines Flour Market Revenues & Volume, By Non-Food Application, 2019 - 2029F
8.7 Philippines Flour Market Revenues & Volume, By Others, 2019 - 2029F
9 Philippines Flour Market, By Technology
9.1 Overview and Analysis
9.2 Philippines Flour Market Revenues & Volume, By Dry Technology, 2019 - 2029F
9.3 Philippines Flour Market Revenues & Volume, By Wet Technology, 2019 - 2029F
10 Philippines Flour Market Import-Export Trade Statistics
10.1 Philippines Flour Market Export to Major Countries
10.2 Philippines Flour Market Imports from Major Countries
11 Philippines Flour Market Key Performance Indicators
12 Philippines Flour Market - Opportunity Assessment
12.1 Philippines Flour Market Opportunity Assessment, By Raw Material, 2022 & 2029F
12.2 Philippines Flour Market Opportunity Assessment, By Applications, 2022 & 2029F
12.3 Philippines Flour Market Opportunity Assessment, By Technology, 2022 & 2029F
13 Philippines Flour Market - Competitive Landscape
13.1 Philippines Flour Market Revenue Share, By Companies, 2022
13.2 Philippines Flour Market Competitive Benchmarking, By Operating and Technical Parameters
14 Company Profiles
15 Recommendations
16 Disclaimer

 

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