Global Grain Mill Product Market Overview
Grain Mill Product Market Size was estimated at 104.32 (USD Billion) in 2022. The Grain Mill Product Industry is expected to grow from 109.42(USD Billion) in 2023 to 168.2 (USD Billion) by 2032. The Grain Mill Product Market CAGR (growth rate) is expected to be around 4.89% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Grain Mill Product Market Trends Highlighted
Key market drivers of the Grain Mill Product Market include rising demand for convenience foods, health consciousness, and growing urbanization. Convenience foods, such as ready-to-eat meals and snacks, require processed grains, driving demand for grain mill products. Health consciousness is also a major driver, as consumers seek whole grains and minimally processed products for their nutritional benefits. Moreover, urbanization leads to increased consumption of processed foods, resulting in higher demand for grain mill products.
Opportunities for exploration and capture in this market include expanding into emerging markets with growing populations and increasing disposable incomes. Additionally, innovation in grain processing technologies and product development can create new market segments. For instance, gluten-free and low-carb grain mill products are gaining popularity, offering opportunities for manufacturers to cater to specific dietary needs.
In recent times, trends such as personalization and sustainability have emerged in the Grain Mill Product Market. Consumers are increasingly seeking tailored products that meet their specific dietary preferences and lifestyles. Furthermore, sustainability concerns are driving demand for eco-friendly practices and packaging solutions, creating opportunities for manufacturers to adopt sustainable practices throughout their supply chains.
Grain Mill Product Market Drivers
Rising Demand for Convenience Foods
The demand for grain mill products is closely related to the growing popularity of convenience foods – ready-to-eat meals and snacks. The production of such products normally requires refined grains that boast a longer shelf life and are easier to cook compared with whole grains. As the demand for convenience foods grows, the demand for grain mill products also increases.
Growing Health Consciousness
Consumers are becoming increasingly health-conscious and are looking for foods that are nutritious and free from harmful ingredients. Grain mill products are a good source of fiber, vitamins, and minerals, and they are also low in calories and fat. As the demand for healthy foods continues to grow, so too will the demand for grain mill products.
Expansion of the Foodservice Industry
The foodservice industry is expanding quickly, and with it, new opportunities are presenting themselves for grain mill products. More and more restaurants, hotels, and other food service organizations are making use of grain mill products in their food preparation. The main reason for this is that grain mill products are versatile and can be used for a number of applications, from breading to baking to thickening food.
Grain Mill Product Market Segment Insights
Grain Mill Product Market Product Type Insights
The Grain Mill Product Market is segmented by Product Type into Whole Wheat Flour, Maize Flour, Rice Flour, Millet Flour, and Cornstarch. Whole Wheat Flour held the largest market share in 2023, amounting for 35.4% of the Grain Mill Product Market revenue, and will continue on being dominant during the forecast period. The high nutritious value of Whole Wheat Flour in combination with its ability to be used in many different ways are the main reasons for the high consumption of this product. Maize Flour held the second largest market share, or 22.1% of the total Market, in 2023, and is and is expected to grow in a steady pace due to the wide consumption of this Grain in foods, particularly in Africa and Latin America.Rice Flour held the third largest market share, equaling 19.3% in 2023, and it is used primarily in Asian countries and it is also starting to increase in gluten-free foods. Millet Flour held the fourth largest market share, amounting for 12.6% in 2023, and is consumed in lieu of Wheat and Rice Flour due to its high amount of fibre and nutrition.
Finally, Cornstarch held the fifth largest market share, amounting for 10.6% in 2023, and is an important thickening agent for many foods and industrial applications. The Market of Grain Mill Products is expected to rise due to the high consumption of processed and convenience foods.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Grain Mill Product Market Distribution Channel Insights
The Grain Mill Product Market is divided into four major distribution channels, which are Online Retail, Supermarkets/Hypermarkets, Convenience Stores, and Wholesale Distribution. The Online Retail channel is anticipated to be the fastest-growing and most lucrative sub-market in the forthcoming years. It is fuelled by the rising popularity of e-commerce and benefits for the consumers, whose demand is likely to bring a significant portion of revenue to the market share by 2024. Regardless of the ongoing competition between the four investigated alternatives, Super/Hypermarkets maintain their leadership on the Grain Mill Product market in different countries because of the convenience, wide choice of goods, and a network of stores.
Among the four investigated, Convenience Stores also have the potential for the continued growth in the forthcoming years because of their location and late hours when customers are looking to purchase goods. Finally, the Wholesale Distribution is expected to maintain moderate growth as an integral part of the supply chain for the Grain Mill Product Market, which delivers goods from the manufacturers to the retail and all other subsidiary locations.
Grain Mill Product Market Application Insights
The application segment plays a significant role in driving the Grain Mill Product Market growth. Among the key applications, bakery products hold the largest market share, with a significant contribution to the overall market revenue in 2023. This dominance is attributed to the extensive use of grain mill products, such as flour, in the production of bread, pastries, and other baked goods. The pasta and noodles segment is another major application, showcasing steady growth due to increasing consumer demand for convenience foods. Beverages, sauces, and dressings also contribute to the market share, with their unique applications in various food and beverage industries.
Animal feed is another significant application segment, driven by the growing demand for animal-based protein sources. The Grain Mill Product Market is expected to witness continued expansion across all these application segments in the coming years, supported by evolving consumer preferences, technological advancements, and expanding food and beverage industries.
Grain Mill Product Market Packaging Type Insights
The Packaging Type segment of the Grain Mill Product Market is expected to witness significant growth in the coming years, driven by increasing demand for packaged grain products and the growing popularity of e-commerce. Bags are projected to account for the largest share of the market, owing to their cost-effectiveness and ease of handling. Cartons are also expected to gain traction due to their ability to protect products from moisture and contamination. Buckets and bulk containers are primarily used for industrial and commercial applications, and their demand is expected to remain stable.The Packaging Type segment is expected to contribute significantly to this growth, driven by rising consumer awareness about the importance of packaging and the growing adoption of sustainable packaging solutions.
Grain Mill Product Market Regional Insights
The Grain Mill Product Market segmentation by region is a valuable tool for understanding the market's dynamics and identifying growth opportunities. North America, Europe, APAC, South America, and MEA are the key regions analyzed in the report. North America held the largest market share in 2023, with a revenue of 37.6 Billion USD. The region's well-established food industry and high demand for processed grain products are major growth drivers. Europe is another significant market, with a revenue of 26.1 Billion USD in 2023. Growing health consciousness and rising disposable income are fueling market growth in this region.
APAC is projected to be the fastest-growing region, with a CAGR of 5.6% during the forecast period. Increasing urbanization and changing dietary patterns are driving the demand for grain mill products in this region. South America and MEA are also expected to witness steady growth in the coming years, owing to rising population and increasing demand for nutritious food products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Grain Mill Product Market Key Players And Competitive Insights
The Grain Mill Product Market major players compete to maintain their market position by product and process innovation, cost optimization and market expansion. The leading Grain Mill Product Market players aim to provide premium, healthy and specialty grain-based food products. Leading players also focus on implementing sustainability and ethical values to cater increasing consumer demand for sustainably produced food. The Grain Mill Product Market industry players are expected to witness strategic merger and acquisition to strengthen market presence and expand product portfolio.
Additionally, leading players of Grain Mill Product Market are anticipated to benefit from the emerging start-ups that are harnessing on emerging consumer trends. For instance, Archer Daniel Midland Company in 2018 added Svetol, Green A Coffee Bean Extract to their product line for dietary fibre enrichment and for nutritional content development.
Cargill is a major player of Grain Mill Product Market which has global presence and offers a wide range of grain-based offerings in the form of flours, starches, sweeteners etc. Cargill invests significantly in research and development to come up with innovative and healthy products to enhance the quality and nutritional content of its grain-based offering. The company has employed sustainable farming practices and ethical sourcing to produce products which are increasingly becoming popular among consumer worldwide. The global presence and broad product portfolio enable market players to produce food products catering to diversified culinary preferences of the consumers in different countries. Archer Daniels Midland Company is another prominent player of Grain Mill Product Market which has a global presence and offers diversified assortment in terms flour, oils, ingredients etc. The company engages in research and development to produce innovative and sustainable products and differentiate their grain-based products. The leading Grain Mill Product Market players are able to sustain market position and cater burgeoning consumer demand worldwide owing to their global presence and supplier and customer network.
Key Companies in the Grain Mill Product Market Include
- Louis Dreyfus Company
- Mitsui
- Wilmar International
- Olam International
- CHS
- Gavilon
- Bunge
- Mengtai Group
- ADM
- ZenNoh Grain Corporation
- ITOCHU
- Cargill
- COFCO
- Glencore
- Viterra
Grain Mill Product Market Industry Developments
The Grain Mill Product Market is projected to reach USD 168.2 billion by 2032, exhibiting a CAGR of 4.89% during the forecast period. Rising demand for convenience foods, increasing urbanization, and growing disposable income in developing economies are key factors driving market growth. Innovations in milling technology, such as the introduction of roller mills and automated systems, are also contributing to market expansion. Key industry participants include Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, and Louis Dreyfus Company. Recent developments include the acquisition of The Scoular Company by Continental Grain Company in 2022 and the launch of a new range of organic grain mill products by General Mills in 2023.
Grain Mill Product Market Segmentation Insights
-
Grain Mill Product Market Product Type Outlook
- Whole Wheat Flour
- Maize Flour
- Rice Flour
- Millet Flour
- Cornstarch
-
Grain Mill Product Market Distribution Channel Outlook
- Online Retail
- Supermarkets/Hypermarkets
- Convenience Stores
- Wholesale Distribution
-
Grain Mill Product Market Application Outlook
- Bakery Products
- Pasta and Noodles
- Beverages
- Sauces and Dressings
- Animal Feed
-
Grain Mill Product Market Packaging Type Outlook
- Bags
- Cartons
- Buckets
- Bulk Containers
-
Grain Mill Product Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
104.32(USD Billion) |
| Market Size 2023 |
109.42(USD Billion) |
| Market Size 2032 |
168.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.89% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Louis Dreyfus Company ,Mitsui Co. ,Wilmar International ,Olam International ,CHS ,Gavilon ,Bunge ,Mengtai Group ,ADM ,ZenNoh Grain Corporation ,ITOCHU ,Cargill ,COFCO ,Glencore ,Viterra |
| Segments Covered |
Product Type ,Distribution Channel ,Application ,Packaging Type ,Regional |
| Key Market Opportunities |
Increasing Demand for GlutenFree Products Rising Health Consciousness Growing ReadytoEat Food Market Technological Advancements in Milling Processes Emerging Markets in AsiaPacific |
| Key Market Dynamics |
Rising health consciousness growing demand for glutenfree products technological advancements increasing disposable income rising urbanization |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Grain Mill Product Market is expected to reach a valuation of USD 109.42 billion in 2023, growing at a CAGR of 4.89% to reach USD 168.2 billion by 2032.
The major regions contributing to the Grain Mill Product Market are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Among these, Asia-Pacific is expected to hold the largest market share due to the increasing demand for grain-based products in the region.
Grain Mill Products find applications in a wide range of industries, including food processing, animal feed, and biofuel production. In the food industry, grain mill products are used as ingredients in various food products such as bread, pasta, and breakfast cereals. In the animal feed industry, grain mill products are used as a source of energy and nutrients for livestock. In the biofuel industry, grain mill products are used as a feedstock for producing bioethanol and biodiesel.
Some of the key competitors in the Grain Mill Product Market include Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, CHS Inc., and Louis Dreyfus Company.
The growth of the Grain Mill Product Market is being driven by a number of factors, including the increasing demand for grain-based products, the growing population of the world, and the rising disposable income in developing countries.
The Grain Mill Product Market faces a number of challenges, including the volatility of grain prices, the impact of climate change on grain production, and the increasing competition from alternative sources of protein.
The Grain Mill Product Market presents a number of opportunities for growth, including the development of new products, the expansion into new markets, and the adoption of new technologies.
Some of the key trends shaping the Grain Mill Product Market include the increasing demand for sustainable products, the growing popularity of plant-based diets, and the rise of e-commerce.
The future outlook for the Grain Mill Product Market is positive. The market is expected to continue to grow over the next ten years, driven by the increasing demand for grain-based products and the growing population of the world.
Some of the key strategies adopted by players in the Grain Mill Product Market include mergers and acquisitions, product innovation, and market expansion. Companies are also investing in research and development to develop new products and technologies.
