What Has Been the Progress and Growth of the Flour Rice And Malt Market in Recent Years?
The flour rice and malt market has seen considerable growth due to a variety of factors.
• The market size for flour, rice and malt has seen robust growth in the last few years. The market, which is projected to expand from $149.85 billion in 2024 to $159.59 billion in 2025, will grow at a compound annual growth rate (CAGR) of 6.5%.
Factors such as rising demand for staple food, increased agricultural production, traditional culinary methods, global exports, and food processing have contributed to the growth in the historic period.
What Is The Expected Growth In The Flour Rice And Malt Market Size Evolve over the Forecast Period?
The flour rice and malt market is expected to maintain its strong growth trajectory in upcoming years.
• In the next few years, a robust growth is anticipated in the market size of flour, rice, and malt, which is projected to reach $205.81 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.6%.
The projected growth during the forecast period is due to factors such as the emerging health and wellness trends, sustainable and environmentally friendly practices, varied food applications, expansion of the global market, and the digital transformation of the supply chain. The forecast period is likely to witness significant trends such as gluten-free and specialty flours, alternatives to rice, the use of malt in craft brewing, malt-based snacks and foods, and the resurgence of traditional grains.
What Main Forces Are Fueling Expansion In The Flour Rice And Malt Market?
Due to overcapacity, a decline in crop prices is being observed in numerous countries worldwide, which could lead to reduced raw material expenses for flour, rice, and malt production businesses. For example, as reported in November 2022 by Frontline, an agriculture-focused national magazine from India, the Cabinet Committee on Economic Affairs unveiled an $8.4 billion rescue package, equivalent to Rs 7000 crore for farmers engaged in the sugar production sectors. This was to establish the minimum selling price of refined sugar at Rs 29 per kilogram (which recently fell to Rs 23-24 due to overproduction) and to construct a buffer stockpile of 3 million tonnes of sugar for one year. Consequently, this overproduction of certain crops is predicted to yield higher profit margins for food and beverage firms. These higher profits could empower flour, rice, and malt production companies to boost their output and propel the market in the future.
What Are The Primary Segments In The Global Flour Rice And Malt Market?
The flour, rice and malt market covered in this report is segmented –
1) By Type: Flour, Rice, Malt
2) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Application: Household, Commercial Use
Subsegments:
1) By Flour: Wheat Flour, Rice Flour, Corn Flour, Oat Flour, Barley Flour, Rye Flour, Other Specialty Flours (Almond, Coconut)
2) By Rice: White Rice, Brown Rice, Basmati Rice, Jasmine Rice, Arborio Rice, Black Rice, Wild Rice, Parboiled Rice
3) By Malt: Barley Malt, Wheat Malt, Rye Malt, Oat Malt, Dry Malt Extract, Liquid Malt Extract
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Which Emerging Market Trends Are Altering The Flour Rice And Malt Industry?
Increasingly, IoT technology is being incorporated into flour milling machines to oversee production and conduct predictive maintenance. These machines are equipped with sensors that send live production data to a computer system via the internet. The data is kept under constant surveillance to measure production efficiency and ascertain the status of various machine components. For example, Sanku, a firm specializing in fortification technologies, joined forces with Vodafone to introduce IoT technology to flour mills in Tanzania, enabling a sole individual to oversee around 100 mills in real time. The Diorit MDDY/MDDZ flour milling machine, manufactured by Buhler, comes with embedded sensors including those for roll disengagement monitoring, roll rotational speed observing, roll temperature tracking, and bearing temperature monitoring, all of which send data continuously to a computer for tracking purposes.
Who Are the Key Players In The Flour Rice And Malt Market?
Major companies operating in the flour
• rice and malt market include:
• CJ Cheiljedang Corp
• Wilmar International Ltd
• Louis Dreyfus
• Soufflet SA
• GrainCorp Malt
• Gruma S.A.B. de C.V
• Nisshin Seifun Group Inc.
• Ingredion Incorporated
• Olam International.
• Ardent Mills LLC
• Archer-Daniels-Midland Co.
• Riceland Foods Inc.
• General Mills Inc.
• ConAgra Brands Inc.
• The Mennel Milling Company
• Bay State Milling Company
• Bartlett Milling Company
• Grain Craft
• Miller Milling Company
• Siemer Milling Company
• Hopkinsville Milling Company
• Shawnee Milling Company
• Wilkins Rogers Mills
• Cereal Food Processors Inc.
• Horizon Milling LLC
• The Hain Celestial Group Inc.
• The Malted Barley Appreciation Society
• Malt Products Corporation
• Briess Malt & Ingredients Co.
• Great Western Malting Co.
• Malteurop North America Inc.
• Rahr Malting Co.
• Muntons Malted Ingredients Inc.
• Cargill Inc.
• Bunge Limited
• The Scoular Company
• The Andersons Inc.
• The Birkett Mills
• The Malt Company Pvt. Ltd.
What Is The Most Dominant Region In The Flour Rice And Malt Market?
Asia-Pacific was the largest region in the flour, rice, and malt market in 2023. North America was the second-largest region in the flour, rice, and malt market. The regions covered in the flour, rice, and malt market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
