Global Flour, Rice And Malt Market Growth Drivers 2024, Forecast To 2033
11 Jan, 2024
The market for flour, rice, and malt has experienced robust growth, ascending from $141.77 billion in 2023 to $151.24 billion in 2024, reflecting a 6.7% Compound Annual Growth Rate (CAGR). Historical growth is linked to staple food demand, agricultural production, traditional culinary practices, global export, and food processing. Projections suggest continued robust growth, reaching $191.06 billion in 2028, with a 6.0% CAGR. This trajectory is attributed to health and wellness trends, sustainability and eco-friendly practices, diverse food applications, global market expansion, and the digitalization of the supply chain. Key trends include gluten-free and specialty flours, rice alternatives, malt in craft brewing, malt-based snacks and foods, and the revival of traditional grains.
Global Flour, Rice And Malt Market Key Driver
Global overcapacity is causing falling crop prices, benefiting flour, rice, and malt manufacturing companies. In India, a bailout package of $8.4 billion was announced to support sugar production sectors, ensuring a minimum selling price of refined sugar at Rs 29 per kilogram. Overproduction leads to higher profit margins for food and beverage companies, enabling increased productivity and driving the market forward.
Get A Free Sample Of The Global Flour, Rice And Malt Market ReportGlobal Flour, Rice And Malt Market Segments
The flour, rice and malt market covered in this report is segmented –
1)By Type: Flour, Rice, Malt
2)By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3)By Application: Household, Commercial Use
Subsegments Covered: Wheat, Maize (Corn), Rice-Flour, Other Flour
By Geography: The regions covered in the flour, rice and malt market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
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.
Major Flour, Rice And Malt Industry Players
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.
Get The Full Global Flour, Rice And Malt Market Report
Flour, Rice And Malt Market Overview
Flour milling is a process in which grains are cleaned, crushed and grinded into pieces for food preparation. Rice milling is a process in which paddy is cleaned, milled, polished, and processed into the rice. Malt is a product that is prepared from germinated cereal grains that have been dried in the process known as malting.
Flour, Rice And Malt Global Market Report 2023 provides data on the global flour, rice and malt market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flour, rice and malt market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.