Flour and Grain Mill Product Manufacturing in Australia - Industry Market Research Report

Flour and Grain Mill Product Manufacturing in Australia - Industry Market Research Report

Flour and Grain Mill Product Manufacturing in Australia

Revenue for flour and grain mill product manufacturers has declined over the five years through 2022-23. Lockdown restrictions during the COVID-19 pandemic prevented food services from operating at full capacity. This negatively affected millers and caused revenue to decline strongly over the two years through 2020-21. However, greater domestic demand for artisan and premium grain products, and strong demand from food manufacturers and breweries have supported millers. Grain and mill product manufacturing revenue is expected to decline at an annualised 1.7% over the five years through 2022-23 to total an estimated $4.26 billion. This trend includes an expected rise of 5.2% in 2022-23.

Manufacturers mill flour or meal from grains, vegetables or plants, for human consumption. Processes include blending and cleaning grains, applying heat and using a succession of rollers to produce a range of flour grades. Operators also manufacture rice, rice flour, rice starch, sago, tapioca and baking powder.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.