Flour is mainly obtained by grinding wheat, maize, rice, and other cereals. Wheat is the grain most commonly used to make flour, accounting 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. Flour is 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 in 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.
Expansion of commercial farmlands and growth of the aquatic feed industry in Asia-Pacific impact the application of flour in the animal feed segment. The global flour market is anticipated to reach $830.8 billion by 2026, growing at a CAGR of 3.4% from 2019 to 2026.
The global grain mill 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). On the basis of distribution channel, the segment is classified into supermarket /hypermarket, grocery stores, and online stores. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global grain mill products market 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.
Other players (not included in this report) in the flour market involved in the manufacture and supply of flour include US Durum Milling Inc., Sunrise Flour Mill, North American Millers Association, Grain Craft, To Your Health Sprouted Flour Co., Heartland Mills Inc., The Birkett Mills, ADM Milling Co., Horizon Milling, Satake USA, and Fairheaven Organic Flour Mill.
Key benefits for stakeholders
Key market segments
By Product Type
By Distribution Channel
By Region
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 in 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.
Expansion of commercial farmlands and growth of the aquatic feed industry in Asia-Pacific impact the application of flour in the animal feed segment. The global flour market is anticipated to reach $830.8 billion by 2026, growing at a CAGR of 3.4% from 2019 to 2026.
The global grain mill 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). On the basis of distribution channel, the segment is classified into supermarket /hypermarket, grocery stores, and online stores. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global grain mill products market 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.
Other players (not included in this report) in the flour market involved in the manufacture and supply of flour include US Durum Milling Inc., Sunrise Flour Mill, North American Millers Association, Grain Craft, To Your Health Sprouted Flour Co., Heartland Mills Inc., The Birkett Mills, ADM Milling Co., Horizon Milling, Satake USA, and Fairheaven Organic Flour Mill.
Key benefits for stakeholders
- The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2026 to identify the prevailing grain mill products market opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the size and segmentation assists in determining the prevailing market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the global industry.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the grain mill products industry.
Key market segments
By Product Type
- Wheat
- Rice
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Grocery Stores
- Online Stores
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Russia
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- UAE
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Grain Mill Products Market , By Product
Chapter 5: Grain Mill Products Market , By Distribution Channel
Chapter 6: Grain Mill Products Market , By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Grain Mill Products Market by Product Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global grain mill products market size was valued at $655.0 billion in 2018, and is expected to reach $830.8 billion by 2026, registering a CAGR of 3.4% from 2019 to 2026. Asia-Pacific dominated the market in 2018, accounting for 43.4% of the total grain mill products market share. The market exhibits an incremental revenue opportunity of $175.0 billion from 2019-2026.The grain mill products market holds a substantial scope for the market growth. The market is currently in its growth stage; however, its contribution to the global market is expected to increase significantly during the grain mill products market forecast period. Increase in health concerns for high-protein flour has enforced the market to produce innovative alternatives such as rice flour, maize flour, corn flour, and soya flour. Growth of the global population and rise in per capita income boost the market growth, thus increasing the production of flour. The change in taste and preference of consumers affected the sales in response to dietary concerns for manufacturers to develop differentiated products. Numerous players are entering the market with innovative food products, using flour as their base. Emerging technologies, such as wet technology and dry technology, are expected to increase market competition in the years to come.
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 flour, further raising 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 flour grain mill products market is eventually higher.
The grain mill products market is segmented on the basis of product type, distribution channel, and region. By product type, it is categorized into wheat, rice, and others. 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. The fastest growth of other products segment is attributed to the increased demand for consumers for different types of flours made by maize, barley, oats, and soybean.
By distribution channel, it is categorized into supermarket/hypermarket, grocery stores and online stores. Region-wise, the grain mill products market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Russia, the UK, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Argentina, Turkey, and Rest of LAMEA). Countries like Australia, the U.S., and the UK, NORDIC countries, India, China, and ASEAN countries are the largest spenders on flours and mill products. In addition, factors such as product availability, socio-economic status, per capita expenditure, and consumer purchasing power are responsible for the growth of market in these regions.
Key Findings of the Grain Mill Products Market :
The rice mill products segment is expected to grow at a CAGR of 2.8 % during the forecast period.
North America is anticipated to dominate the grain mill products market growth, registering a CAGR of 3.8%.
Asia-Pacific is projected to contribute with highest market share during the forecast time period, with around 45% market share in 2026, and CAGR of 3.6%.
The supermarket/hypermarket distribution segment is anticipated to dominate the market, with a CAGR of 2.6% during the forecast period.
The grocery stores segment is estimated to grow at a CAGR of 2.9 % during the forecast period.
The global grain mill products market is fragmented with the presence of several market participants across various regions. The strong presence private label brands is giving tough competition to global players.The key players operating in global grain mill products industry include ARDENT MILLS CANADA, Archer-Daniels-Midland Company (ADM), Associated British Foods plc, ConAgra Brands, Inc. (CAG), General Mills, Inc., Hodgson Mill, ITC Limited, King Arthur Flour Company, Inc., Hayden Flour Mills, LLC, and White Wings.
Companies Mentioned
- ARDENT MILLS CANADA
- Archer-Daniels-Midland Company (ADM)
- Associated British Foods plc
- ConAgra Brands Inc. (CAG)
- General Mills Inc.
- Hodgson Mill
- ITC Limited
- King Arthur Flour Company Inc.
- Hayden Flour Mills LLC
- White Wings.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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