Global Grain Mill Products Market Size study & Forecast, by Type (Wheat, Rice, and Others), by End-Use (Commercial and Residential), by Distribution Channel (Supermarket, Grocery store, online store, others) and Regional Analysis, 2022-2029
Global Grain Mill Products Market is valued at approximately USD 688 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.80% over the forecast period 2022-2029. The grain mill is used to transform grind into flour. The main crops are wheat, maize, rice and more. The cutting, grinding, and crushing process helps break the solid material into smaller pieces of grain.The Global Grain Mill Products market is expanding because of factors such as the Growth and expansion of the food industry in the global market.
The rapid growth in the flour grain mill industry and the Growth and expansion of the food industry are one of the primary reasons for the development of the Grain Mill Products Market. For instance, In Sep 2020, Panhandle Milling, a flour producer based in the United States, announced the acquisition of the Arrowhead Mills facility in Hereford, Texas. Panhandle Milling hopes to expand its capabilities, products, and specialized packaging solutions by acquiring Arrowhead Mills' assets. According to Statista-In 2022, the global food market is around USD 9.43 trillion, and the worldwide food market is projected to grow to USD 11.1 trillion in 2027. Also, rising demand for gluten-free products and an increase in health concerns for high-protein flour are other important factors that provide fuel to market growth. Moreover, the rising number of hotels, restaurants & cafes and the growing technological advancement in the grain mill equipment benefit of grain mill products are the major factors fostering the growth of the grain mill product market. However, the lack of industrial efficiency and declining profitability in the milling sector stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Grain Mill Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific region dominated the Grain Mill Products Market in terms of revenue due to the rising consumption of grain mill products, increasing technological advancements, and expansion of the food industry. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for bakery and bread products and increasing awareness regarding gluten-free food, which drive the market for grain mill products in this region.
Major market player included in this report are:
Hindustan Unilever Limited
ITC Limited
Ardent Mills Canada
General Mills Inc.
Associated British Foods plc
Hodgson Mill
Helsinki Mills Ltd.
Wilmar International Limited
Rubin Mühle GmbH
The King Arthur Flour Company
Recent Developments in the Market:
In Nov 2020. Buhler entered a new age in milling technology by launching a fully integrated grinding technology in a move that is set to drive product quality, consistency, and profits in the milling industry.
Global Grain Mill Products Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-Use, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Wheat
Rice
Others
By End-Use:
Commercial
Residential
By Distribution channel:
Supermarket
Grocery store
online store
others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies MentionedHindustan Unilever Limited
ITC Limited
Ardent Mills Canada
General Mills Inc.
Associated British Foods plc
Hodgson Mill
Helsinki Mills Ltd.
Wilmar International Limited
Rubin Mühle GmbH
The King Arthur Flour Company
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