According to a report available on Radiant Insights, Inc.; the grain mill products market is likely to expand steadily by 2021.
Factors such as increasing population along with rise in disposable income and growing demand for fast food due to increasing shift from traditional to modern lifestyle can drive the market during the forecast period (2018 to 2021).
Growing number of cafes and fast food restaurants across the world is driving market growth. The bread and bakery goods production industry is considered as one of the key downstream markets as flours are used as a main ingredient for preparing bread, bakery items, and corn-based coating of fried food. Different types of flours are used in the making of fast foods such as burgers, donuts, pizzas, and fried meat items. Goring consumption of bread-based fast foods in developing countries is driving the market growth. Rise in production of gluten-free flour alternatives such as maize flour, soya flour, corn flour, and rice flour due to rise in health awareness among consumers.
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Furthermore, advancements in technology is likely to create more avenues in the market. The dry technology is extensively preferred as it involves less complex milling process and compatibility with wheat related process. Additionally, increasing demand for non-gelatinized flour is also increasing the adoption of dry technology among flour millers worldwide. Increasing scope application of wet milling technology as compared with dry milling process is also expected to fuel the market growth in the coming years. Increasing demand for non-food applications of flour such as glue, biomaterials, and bio-plastics is also driving the market growth.
However, volatility of raw material prise is expected to hinder the market growth. Since, the industry is reliant on unpredictable factors that affect upstream conditions such as climate, pests, and wheat prices.
Based on product, the market can be categorized into broken rice, husked brown rice, semi-milled/wholly milled rice, maize (corn) flour, wheat and meslin flour, other cereal flours, maize (corn) meal and groats, wheat meal, other cereal meal and groats, other worked cereal grains, meal and flour of legumes, citrus, nuts, roots and tubers, and other.
Geographically, the market can be divided into Americas, Europe, Asia Pacific, and Middle East and Africa.
Europe is likely to dominate the market during the forecast period. This growth can be attributed to increasing demand for bread and bakery products and growing awareness about gluten free food products in this region.
Asia Pacific is expected to exhibit fastest growth during the forecast period. This growth can be associated with rise in population, growing disposable income, increasing demand for fast food, and increasing spending for fast food. High consumption of flour-based noodles, breads, and other products is helping growth in this region. Less strength regulatory framework in this region has increased the opportunities to develop innovative products in this region.
Prominent players operating in the market include Ardent Mills, King Arthur Flour, Goodman Fielder, ConAgra, and Ardent Mills. Major players in the region are mainly focused on business expansion and adopting strategies such as merger and acquisition, joint venture, and partnerships and agreements to gain higher share in the market.
For instance, Ardent Mills has recently launched The Annex by Ardent Mills, a new business unit. This new unit is expected to offer ingredients for food companies, which includes whole berries, mixes, flours, flakes, crisps, and blends.
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The market data covers the years 2010-2021. The major questions answered in this comprehensive publication include:
• What is the global market size for grain mill products?
• What is the grain mill product market size in different countries around the world?
• Are the markets growing or decreasing?
• How are the markets divided into different kinds of products?
• How are different product groups developing?
• How are the markets forecast to develop in the future?
The market information includes the total market size for grain mill products as well as the market size and trends for the following kinds of products:
• Broken rice
• Husked brown rice
• Semi-milled/wholly milled rice
• Maize (corn) flour
• Wheat and meslin flour
• Other cereal flours
• Maize (corn) meal and groats
• Wheat meal
• Other cereal meal and groats
• Other worked cereal grains
• Meal and flour of legumes, citrus, nuts, roots and tubers
• Other grain mill products
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