Global Flour, Rice And Malt Market Trends And Strategies Of Major Players In The Flour, Rice And Malt Market 2021-2030
20 Jan, 2021
The flour, rice & malt market consists of sales of rice flour, barley flour, buckwheat flour, durum flour, fruit flour, graham flour, oat flour, potato flour and rye flour by entities (organizations, sole traders and partnerships) that mill flour or meal from grains or vegetables, prepare flour mixes or doughs from flour, mill, clean and polish rice and produce malt from barley, rice and other grains. The companies in the flour, rice & malt industry process raw materials into flour, rice & malt products, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Global Flour, Rice And Malt Market Size And Drivers:
The global flour, rice and malt market is expected to grow from $124.93 billion in 2020 to $137.14 billion in 2021 at a compound annual growth rate (CAGR) of 9.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $176.32 billion in 2025 at a CAGR of 6%. Overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will enable flour, rice, and malt manufacturing companies to increase their production and drive the market going forward.
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Trends In The Global Flour, Rice And Malt Market
Flour milling machines are increasingly being embedded with IoT technology to monitor production and for predictive maintenance. Flour milling machines are installed with sensors that transmit real time production data to a computer system over the internet. Data is continuously monitored for production efficiency and to understand the state of machine components.
Global Flour, Rice And Malt Market Segments:
The global flour, rice and malt market is further segmented based on type, distribution channel and geography.
By Type: Flour, Rice, Malt
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
Subsegments Covered: Wheat, Maize (Corn), Rice-Flour, Other Flour
By Geography: The global flour, rice and malt market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the Asia Pacific was the largest region in the global flour, rice, malt market, accounting for 50% of the total market.
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Flour, Rice And Malt Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides flour, rice and malt market overviews, analyzes and forecasts market size and growth for the global flour, rice and malt market, flour, rice and malt market share, flour, rice and malt market players, flour, rice and malt market segments and geographies, flour, rice and malt market’s leading competitors’ revenues, profiles and market shares. The flour, rice and malt market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.