Flour Milling in the US - Industry Market Research Report

Flour Milling in the US - Industry Market Research Report

Flour Milling in the US

The Flour Milling industry manufactures milled products, such as various flours, rice and malt. Despite a significant shift away from wheat flour consumption, demand for products has grown as rising health consciousness has driven consumers toward gluten-free and whole-grain foods. Also, the pandemic sparked a trend in at-home baking, attracting more consumers. At the same time, the price of certain input commodities has increased in recent years, raising operational costs. Imports into the Flour Milling industry have also risen. Overall, revenue is expected to increase at a CAGR of 5.6% to $27.4 billion over the five years to 2023, including a 3.2% decline in 2023 alone. Profit also climbed to 7.0% of revenue in 2023, up from 6.8% in 2018.

Companies in this industry participate in the following activities: milling grains and vegetables into flour; cleaning, polishing and milling rice; and producing malt from a variety of cereal grains. Industry operators purchase grain inputs, such as wheat, corn, barley and rice, from wholesalers or directly from growers. Operators then convert these inputs into flour, gluten, cereal groats and malt and sell such products to grocery wholesalers or other food-related industries.

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.