Grain Mill Products Market Expected To Witness A Substantial Growth Of $797.3 Billion By 2025: Grand View Research Inc.

 

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.

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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.

Grain Mill Products Market Report Highlights

• 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.

The market for grain mill products is moderately fragmented with major players such as Ardent Mills, Fazer Group, ConAgra, Grain Millers, King Arthur Flour, and Goodman Fielder. With the presence of large and small manufacturers competing in terms of quality and price, the market is vastly organized with a few major players across regions. Companies such as Ardent Mills, Archer Daniels, and Conagra specialize in grain milling of products such as rice, wheat, and barley for different types of consumers, both B2B and B2C, based upon its applications including bakery as well as brewing across the world. This, in turn, has driven the demand for grain mill products in countries such as U.S., U.K., and India.

Grand View Research has segmented the global grain mill products market on the basis of product:

Grain Mill Products Outlook (Revenue, USD Billion, 2015 - 2025)

• Wheat
• Rice
• Others