Grain Mill Products Market Outlook - 2026
The global grain mill products market size was valued at $655.0 billion in 2018 and is anticipated to reach $ 830.8 billion by 2026, with a CAGR of 3.4% during the forecast period. Flour is mainly obtained by grinding wheat, maize, rice, and other cereals. Wheat is the grain most commonly used to make flour, accounting for nearly 84.5% of the total content, followed by maize (a staple in the Americas) and rice. Wheat is the main ingredient used in the production of bread, which is a staple food for many cultures. Flour contains a high proportion of starch, which is a subset of complex carbohydrates, also known as polysaccharides, and is highly preferred among health-centric people. This factor is expected to increase the demand for flour during the forecast period. Wheat is the most widely produced cereal in the world, most of which is for human consumption. Flours are used to make bread, bakery items, and corn-based coating of fried food and fast food. Fast food restaurants have witnessed high consumption of flour as it is used in produce donuts, burgers, cakes, and fried meat.
The growth in population coupled with per capita income has increased the demand for flour, thus increasing the flour production. The change in consumer preference toward urban and modern lifestyles has increased the demand for various types of flours in the preparation of fast foods items. Moreover, rise in health concerns for high-protein flour results increased demand for flour millers to develop gluten-free flour alternatives. Change in taste and preference of consumers and dietary concerns for manufacturers to develop differentiated products have impacted the overall sales. Contamination of food grains owing to improper warehousing influences is the major issue faced by the grain mill products market.
The growth in the population in developing countries, such as China and India, has increased the demand for flour to fulfill their food requirement. This increase in population coupled with per capita income has increased the demand for grain mill products market, further boosting the production of flour. The per capita income measures the average income earned per person in a given area (city, region, and country) in a specified year. It is used to measure a country's standard of living by dividing the area's total income by its total population. In emerging countries, per capita income is more as compared to developed countries and hence, the consumption of grain mill products market is eventually higher.
Increase in health concerns have raised the demand for high-protein flour, in turn creating demand for flour millers to innovate gluten free flour alternatives such as maize flour, rice flour, soya flour, and corn flour. Private flour millers in Asia-Pacific have started to increase their production capacity and product offerings due to deregulation of government control on the market. Increase in average selling price for flour in most of the countries positively influences the growth of the grain mill products market trends.
The volatile nature of the prices of raw materials and growth in concern over high-protein wheat are expected to pose a challenge for the overall development of the market. Instability of prices of raw materials such as wheat, corn, and soya inhibits the grain mill products market growth. Major global raw material (wheat) suppliers are unable to sustain the flexibility of the fluctuating prices, which results in hike in the retail price (MRP), further impeding the growth. Expansion of commercial farmlands and growth of the aquatic feed industry in Asia-Pacific have impacted the application of flour in the form of animal feed. Imperial government policies permitting investors to import fertilizers, pesticides, tractors, and fuel free of import duties have encouraged the rapid expansion of large-scale commercial farming.
The global grain mill products market is segmented on the basis of product type, distribution channel, and region. The product segment includes wheat (including durum flour), rice, and others (including oat flour and rye flour). The wheat products segment was valued at $306.7 billion and is expected to growth with a CAGR of 3.2% (2019-2026) to reach $389.2 billion by 2026. The other products segment is expected to be the fastest growing segment with a CAGR of 3.7% during the forecast period. On the basis of distribution channel, the segment is classified into supermarket/hypermarket, grocery stores, and online stores.
By Product
Others segment segment would exhibit the highest CAGR of 3.7% during 2019-2026.
The supermarkets and hypermarket products segment was valued at $374.3 billion and is expected to growth with a CAGR of 2.6% (2019-2026) to reach $454.2 billion by 2026. The online stores segment in the global is expected to be the fastest growing segment with a CAGR of 7.2 % during the forecast period. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Application Type
Online segment would exhibit the highest CAGR of 7.2% during 2019-2026.
Key players operating in the global grain mill products industry are Ardent Mills Canada, Archer Daniels Midland Company, Associated British Foods plc, ConAgra Foods, Inc., General Mills Inc., Hindustan Unilever Limited, Hodgson Mill, ITC Limited, King Arthur Flour Company, Inc., and White Wings and Willmar International.
By Region
Asia-Pacific would exhibit a CAGR of 3.6% during 2019-2026.
Key Benefits for Grain Mill Products Market:
- The report provides detailed qualitative and quantitative analysis of the current market trends and future estimations that help evaluate the prevailing after the grain mill products market share and opportunities.
- The key drivers, restraints, in the grain mill products market opportunities, and detailed impact analysis are elucidated in the study.
- The grain mill products market analysis is conducted by following key product positioning and monitoring the top competitors within the industry.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable market growth.
- Industry player positioning segment facilitates benchmarking and provides a clear understanding of the present position of players along with the grain mill products market forecast.
Grain Mill Products Market Report Highlights
| Aspects | Details |
 By Product |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | ITC LIMITED, KING ARTHUR FLOUR COMPANY, INC., ARDENT MILLS CANADA, WHITE WINGS, ASSOCIATED BRITISH FOODS PLC, HODGSON MILL (Hudson River Foods), Conagra Brands, Inc., General Mills, Inc., Hayden Flour Mills, LLC., Archer Daniels Midland Company |
Analyst Review
Rise in health concerns for high-protein flour provides impetus for product innovation in alternatives, such as rice flour, maize flour, corn flour, and soya flour. The demand for flour-based foods has witnessed a major boost owing to the urbanization and modern lifestyle. Expansion of commercial farmlands and growth of the aquatic feed industry in Asia-Pacific have increased the application of flour in animal husbandry. Growth in the global population and rise in per capita income are two major drivers of the market. Furthermore, increase in average selling price of flour in most of the countries has positively impacted the market growth.
The wheat segment dominated the grain mill products market in 2018. The others segment is expected to witness the highest growth rate during the forecast period, owing to increase in use of rice-based food products and rise in demand for rice in regions where people possess relatively low per capita disposable income.
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