PUBLISHER: The Business Research Company | PRODUCT CODE: 1435398
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435398
Grain products result from a milling process involving the cleaning, crushing, and grinding of grains to produce food-ready pieces.
Primary types of grain products encompass flour, rice, malt, and other related items. Flour typically consists of powdered legumes, nuts, or various grains. These products are commonly distributed through supermarkets/hypermarkets, convenience stores, e-commerce platforms, and other distribution channels. They are available across different price ranges categorized as premium, mid-range, and low-cost options.
The grain products market research report is one of a series of new reports from The Business Research Company that provides grain products market statistics, including grain products industry global market size, regional shares, competitors with Grain products market share, detailed grain products market segments, market trends, and opportunities, and any further data you may need to thrive in the grain products industry. This grain products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The grain products market size has grown strongly in recent years. It will grow from $368.71 billion in 2023 to $393.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. Historical growth was propelled by population expansion, urbanization, evolving consumer lifestyles, government policies, culinary diversity, and global trade dynamics.
The grain products market size is expected to see strong growth in the next few years. It will grow to $503.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. Forecasted growth is fueled by health consciousness, sustainability, plant-based proteins, ancient grains, and dietary diversity. Anticipated trends include innovative grain snacks, advanced processing tech, e-commerce, portable packaging, and diverse flour blends.
The grain products market is anticipated to experience positive growth during the forecast period, fueled by the increasing demand for local, sustainable, and organic food production. Consumer preferences are shifting towards organic dairy products, aligning with values related to health, environmental sustainability, and animal welfare. The heightened consumer awareness about the origins and preparation of food, coupled with a willingness to invest slightly more for perceived health benefits, contributes to this trend. In Europe, where production rates of organic produce fall short of consumer demand, the import rate is notably high, especially for fruits and vegetables. The Organic Trade Association reported a 2% increase in organic sales, surpassing $63 billion between 2020 and 2021, highlighting the growing demand for organic products. This trend presents significant opportunities for grain product producers globally, driving market growth in both developed and developing countries.
The grain products market is poised for growth due to the increasing awareness of gluten-free food. Gluten, a protein composite found in certain grains such as wheat, barley, and rye, poses health risks for individuals with conditions such as celiac disease, non-celiac gluten sensitivity (NCGS), and wheat allergies. The awareness of gluten-related health concerns has expanded the consumer base for gluten-free products, prompting manufacturers to diversify their offerings in this category. In the United States, an estimated 3 million people have celiac disease, necessitating a strict gluten-free diet for medical reasons, while an additional 7% of U.S. shoppers strictly restrict gluten in their homes, with an additional 23% choosing to avoid gluten to some extent. This growing awareness of gluten-free options is a key driver for the grain products market.
The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the grain products market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-such as symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the grain products market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Flour milling companies are leveraging Near-Infrared (NIR) analyzers to enhance production efficiency. NIR analyzers serve as analytical instruments designed to assess various parameters, such as moisture, protein, and fat, in food samples. Flour mills utilize NIR analyzers to analyze wheat and flour during different stages of the milling process, providing real-time access to quality control parameters. This technology aids in minimizing manufacturing errors, reducing downtimes, and minimizing rejections, ultimately enhancing the quality and consistency of flour. For example, Castle Mill, a UK-based flour milling company, employs NIR analyzers, including Perten Instruments' DA 7250 and FOSS' NIRS DS2500, for precise analysis in the flour milling industry.
Major companies are focusing on the development of functional flours with improved health benefits to gain a competitive advantage. Functional flours are specially processed or modified flour varieties that offer specific functional properties when incorporated into food products. These flours contribute to enhancing the quality, nutritional value, and shelf life of food items while meeting specific formulation and consumer preferences. Limagrain Group, an international agricultural co-operative based in France, launched the InnoSense range of functional flours in September 2021. These flours, created through a hydro-thermal process, serve as versatile alternatives in various food applications such as bakery, pastry, savory snacks, breakfast cereals, and culinary and dairy products. The InnoSense range is known for its ability to replace starch, improve hydration, reduce costs, and elevate protein and fiber content in food products.
Major companies operating in the grain products market report are Cargill Incorporated, Archer Daniels Midland (ADM), Wilmar International Ltd., Bunge Limited, Louis Dreyfus Company B.V., Olam International, CJ Corp., United Natural Foods Inc., CJ Cheiljedang Corp., The Mosaic Company, General Mills Inc., The Andersons Inc., Kellogg Company, Conagra Brands Inc., Seaboard Corporation, Ingredion Incorporated, The J.M. Smucker Company, Post Holdings Inc., Nisshin Seifun Group Inc., Gruma S.A.B. de C.V, Soufflet SA, Ardent Mills LLC, Toyo Suisan Kaisha Ltd., The Hain Celestial Group, Riceland Foods lnc., SunOpta lnc., MGP Ingredients lnc., GrainCorp Malt, Malteurop Malting Company, The Scoular Company
Asia-Pacific was the largest region in the grain products market in 2023. North America was the second-largest region in the grain products market. The regions covered in the grain products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the grain products market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
The grain products market consists of sales of wheat flour, corn flour, rice flour, barley flour, buckwheat flour, durum flour, fruit flour, graham flour, oat flour, potato flour, rye flour, parboiled rice, glutinous rice, wild rice, arborio rice, red cargo rice, sushi rice, rose Matta rice, barley malt, corn malt, rye malt, wheat malt, millet, rye, oats, quinoa, and other grain products. The companies in the grain products industry process raw materials into grain products, package and distribute them through various distribution channels to both individual customers and commercial establishments. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Grain Products Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on grain products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for grain products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The grain products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.