Grain Milling in the UK - Industry Market Research Report

Against the grain: Lower selling prices are squeezing revenue growth in 2023-24

Grain milling is an advanced, modern industry with highly specialised automated production processes. The industry's revenue performance depends on several highly variable factors that impact growing conditions, like climate, pests and grain prices. Wheat, the industry's primary input, is one of the world's most important agricultural commodities and essential for producing several staple foods. Volatile wheat prices have contributed to revenue fluctuations over the past few years. Over the five years through 2023-24, industry revenue is forecast to contract at a compound annual rate of 2.3% to £2.1 billion, including an expected drop of 1.1% in 2023-24, driven by lower selling prices.

This industry includes the production of flour, groats, meal or pellets of wheat, rye, oats, maize (corn) and other cereal grains. It also consists of the manufacture of flour mixes and prepared dough. The industry excludes starch manufacturing and the production of breakfast cereals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.