Grain Mill Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Grain Mill Products Market Analysis
Grain Mill Products Market is projected to grow at a CAGR of 3.7% over the forecast period.
The rising demand for packaged/ ready-to-eat food attributed to changing lifestyles and expanded per capita income has increased the demand for grain milling products. The increasing urbanization in South America and Asia-Pacific creates a further scope of growth due to the change in demographics and high disposable income. The production of flour has been growing as the demand for bakery products is rising, and the production gained a strong foothold in people's nutrition. Frequent launches with new formulations in the basic development, such as low-fat, gluten-free, low-carb, organic, and high-fiber flour, attract consumers, fueling the market growth.
The global market for milled grain products is being driven by the increasing number of cafes and fast food restaurants across the globe, particularly in developing nations like Asia-Pacific, the Middle East, and Africa. Increasing technological developments and R&D efforts also significantly improve the grain mill industry. Wheat held the leading market share due to its numerous applications from bakery to confectionery and household to commercial use. Europe accounts for a substantial market share driven by the change in consumer taste and preferences, and growing dietary concerns have increased the demand for gluten-free products.
Grain Mill Products Market Trends
Rising Demand for Functional Flours
Rising awareness of the potential health benefits offered by functional flours has increased the demand for these products in recent years. In addition to enhanced nutritional value, these flours offer improved moisture retention, versatility, flavor, texture, and mouthfeel, usually associated with premium products. Manufacturers have identified the increased demand for such products and have intensified the trade of functional flours across the globe. Overweight or obese people account for two-thirds of the population in the countries like the United States. Obesity is caused by a combination of factors, including genetics, lifestyle choices, metabolism, and food. According to the Ministry of Health (Mexico), in 2021, the age category with the highest prevalence of overweight and obesity in Mexico was the group of adults aged 20 years and older. That year, approximately 72.4 percent of adult respondents were estimated to suffer from being overweight or obese.
Consumption of fortified flour impacts the body's iron level, folic acid, Vitamin B12, etc. With the help of fortified flour, companies tackle nutrition issues globally and build a sustainable business model. The grain mill products market has recently been driven by demand for bakery products, for example, biscuits fortified with whey protein isolate. These types of biscuits are popular among health-conscious people who are involved in rigorous exercise and need a healthy quick snack. In the future years, fortified flour products are expected to be driven by increased demand for sugar-free and low-calorie goods, rising obesity rates throughout the world, and a growing focus on health and wellness. A rising understanding of ingredients and changing lifestyles are more significant factors predicted to boost demand for fortified flour.
North America Holds a Prominent Share in The Market
The rise in demand for bakery and bread products and growing awareness regarding gluten-free food are driving the market for grain mill products in this region. The demand for bakery products that can be rapidly prepared at home or grabbed on the go has increased in the United States due to the busy lives of individuals and their desire for quick and simple meals. Furthermore, the growing working population and improving consumer lifestyles have enhanced the consumption of ready-to-eat (RTE) food products such as healthy bread, pizza rolls, chicken puffs, and muffins. In July 2022, the American Bakers Association reported that 84% of Americans consider it acceptable to occasionally treat themselves to baked goods like cookies, cupcakes, doughnuts, or pie. American Gen Z and Millennial customers preferred baked goods, including pizza, flatbreads, wraps, and tortillas. According to the American Bakers Association, almost 90% have purchased a selection of these products.
The rest of the North American population is becoming increasingly urbanized, increasing demand for convenience foods, including bakery products. The market is expanding due to the convenience offered in terms of time savings and the low effort required for meal preparation. The focus on health is designed to correspond with introducing products with whole grains, high fiber, or other beneficial nutrients. Many urban regions have busy lifestyles and seek quick, easy, affordable food options. Consumers' preference for healthful eating is proliferating, increasing demand for grain mill products.
Grain Mill Products Industry Overview
The grain mill products market is moderately fragmented and comprises numerous regional and international competitors. Some major players operating are Archer Daniels Midland Company, General Mills Inc., Ardent Mills, King Arthur Baking Company, Inc., and Oy Karl Fazer Ab. The major players focus on product development, mergers and acquisitions, partnerships, and expansion to strengthen their position in the market. High investments in R&D activities and product innovations have led them to gain a major market share.
Grain Mill Products Market Leaders
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Archer Daniels Midland Company
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General Mills Inc.
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Ardent Mills
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King Arthur Baking Company, Inc.
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Oy Karl Fazer Ab.
*Disclaimer: Major Players sorted in no particular order
Grain Mill Products Market News
- In April 2022, Ardent Mills, the premier flour-milling and ingredient company, launched its new certified gluten-free and Keto-friendly flour blends for the Canadian market. It can be used as a replacement for conventional flour without compromising taste, texture, or functionality. The new flour blends will be available directly through Ardent Mills Canada and bakery and foodservice distributors across Canada.
- In March 2022, Ardent Mills opened its new state-of-the-art Port Redwing Mill in Gibsonton, Florida. The mill was built upon Ardent Mills' strategic growth plan to strengthen supply chain agility, increase efficiency and product consistency, and expand the ability to meet customer needs. The 150,000-square-foot mill produces up to 1.75 million lbs. of flour daily and is strategically located for rail, ocean, and truck access.
- In April 2021, KRBL Limited launched "India Gate Rice Flour" in the wholesome grain, oil & oil products (FMCG) category. It is a fine, smooth, and entirely gluten-free product. It is used to make roti, bread, snacks, rice noodles, rice pasta, baked cookies, cakes, and mostly in regional foods of the Western and Southern regions of India.
Grain Mill Products Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Wheat
5.1.2 Rice
5.1.3 Others
5.2 End-Use
5.2.1 Commercial
5.2.2 Residential
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Archer Daniels Midland Company
6.3.2 Oy Karl Fazer Ab.
6.3.3 Ardent Mills
6.3.4 General Mills Inc.
6.3.5 Associated British Foods plc
6.3.6 Hodgson Mill
6.3.7 Helsinki Mills Ltd.
6.3.8 Wilmar International Ltd.
6.3.9 Rubin M眉hle GmbH
6.3.10 King Arthur Baking Company, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Grain Mill Products Industry Segmentation
Grain mill products are obtained by grinding whole grains like wheat, rice, and maize into flour. The grain mill products market is segmented by type, end-user, and geography. Based on the type, the market is segmented into wheat, rice, and others. Based on end-use, the market is segmented into commercial and residential. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East&Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
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| Rice | |
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| Residential |
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Grain Mill Products Market Research FAQs
What is the current Grain Mill Products Market size?
The Grain Mill Products Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Grain Mill Products Market?
Archer Daniels Midland Company, General Mills Inc., Ardent Mills, King Arthur Baking Company, Inc. and Oy Karl Fazer Ab. are the major companies operating in the Grain Mill Products Market.
Which is the fastest growing region in Grain Mill Products Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Grain Mill Products Market?
In 2024, the North America accounts for the largest market share in Grain Mill Products Market.
What years does this Grain Mill Products Market cover?
The report covers the Grain Mill Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Grain Mill Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Grain Mill Product Industry Report
Statistics for the 2024 Grain Mill Product market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Grain Mill Product analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
