The global Grain Mill Products Market size is expected to reach USD 797.3 billion
by 2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 3.6% over the forecast period. Growing preference for gluten-free food,
coupled with changing trends in milling technology such as dry and wet milling
based on various applications, is likely to create robust demand for grain
mills over the anticipated years.
Increasing number of cafes and fast food
restaurants worldwide is driving the demand for flour, henceforth, augmenting
the growth of grain mills in the market. Automation in rice processing machine
provides many benefits such as higher yield and overall improvement in the
operational efficiency. For instance, Ardent Mills uses a patented SafeGuard
treatment and delivery system that’s a comprehensive and integrated solution
and extends flour food safety assurance from the plant to consumers.
Rising demand from the food industry, along
with increased per capita consumption across U.S. and U.K., is a major factor
augmenting the growth of the market for grain mill products. Availability of
effective technologies for preparation of breads, noodles, pastas, and other
flour-based products have contributed to the growth of the market in recent
years. For instance, Nippon Flour Millings Co. Ltd. and Tofuku Flour Mills Co.
Ltd. are amongst the main suppliers for milled flour manufacturing noodles and
ramen under the brand name, Nissin Foods. As per the South China Morning Post,
in 2017, Nissin Foods owns approximately 65% of the total market share as
noodles supplier.
Wheat held the largest share of 41.3% in
2018. The wheat flour has a number of applications from bakery to confectionary
and from household to commercial use. The global grain milling industry is
witnessing a growing uptake for modification technologies and flours are
fortified with additives, micronutrients, and a variety of ingredients. This,
in turn, is augmenting the demand for wheat flour worldwide.
North America held the largest share in
2018 and is expected to generate a revenue of USD 238.2 billion by 2025. Rise
in demand for bakery and bread products and growing awareness regarding
gluten-free food have augmented the growth of the market in this region. The
region has the largest grain mill companies such as Ardent Mills and Conagra
Ltd. owing to large production and B2B consumption of grains. Europe is
expected to witness significant growth in the coming years owing to high demand
for milled grains from the brewing industries.
Key players including Ardent Mills, Fazer
Group, ConAgra, Grain Millers, King Arthur Flour, and Goodman Fielder are
operating in the market for grain mill products.For instance, Ardent Mills is
expanding into Colorado owing to excessive grain demand from this region in
2019.
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https://www.grandviewresearch.com/industry-analysis/grain-mill-products-market
Further key findings from the report suggest:
· By product, wheat accounted for 41.3% share
of the total revenue in 2018 and is projected to exhibit significant growth
over the coming years
· North America is projected to generate a
revenue of USD 238.2 billion by 2025
· APAC is the second fastest growing region
in the market, expanding at a CAGR of 3.8% over the forecast period
· Demand for grain mills is increasing in
countries such as U.K., Germany, Iran, and India due to higher domestic
consumption, growing population, increasing per capita income, and shift in the
taste preferences of consumers
· The Grain Mill Products Market is highly
competitive in nature with the major players including Ardent Mills, Fazer
Group, ConAgra, Grain Millers, King Arthur Flour, and Goodman Fielder.
Grand View Research has segmented the
global Grain Mill Products Market on the basis of product and region:
Grain Mill Products Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Wheat
·
Rice
·
Others
Grain Mill Products Regional Outlook
(Revenue, USD Billion, 2015 - 2025)
·
North America
o
U.S.
·
Europe
o
France
o
U.K.
·
Asia Pacific
o
India
o
China
·
Central and South America
o
Brazil
·
Middle East and Africa
o
Iran
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.