The Grain Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Grain Products Global Market Report 2024, The grain products market size has grown strongly in recent years. It will grow from $368.71 billion in 2023 to $393.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to population growth and urbanization, changing consumer lifestyles, government subsidies and agricultural policies, culinary influences and ethnic foods, global trade and supply chain dynamics.
The grain products market size is expected to see strong growth in the next few years. It will grow to $503.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to health and wellness considerations, sustainability practices, plant-based and alternative proteins, ancient grains and heritage varieties, dietary diversity and inclusion of multigrains. Major trends in the forecast period include innovative grain snacks, innovations in processing technologies, e-commerce and online retailing, innovations in packaging and portability, diverse flour blends.
The increasing demand for local, sustainable, and organic food production is expected to positively impact the dairy food market during the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is an extremely high import rate (especially for fruits and vegetables), as the rate of production is far lower than the consumer demand for organic produce. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, between the years 2020 and 2021, organic sales increased by 2% surpassing $ 63 billion as compared to previous years. This growing demand for organic products offers considerable opportunities for dairy product producers in both developed and developing countries, which is likely to drive the market during the forecast period
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The grain products market covered in this report is segmented –
1) By Type: Flour, Rice And Malt, Other Grain Products
2) By Price Range: Premium, Mid, Low
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: Flour, Rice, Malt
Flour milling companies are using NIR analyzers to improve production efficiency. A Near-Infrared (NIR) analyzer is an analytical instrument used to determine moisture, protein, fat, and other parameters in a food sample. NIR analyzers used in flour mills analyze wheat and flour for moisture, protein, and ash content. NIR analyzers monitor the grain in all the steps of a milling process and give real-time access to quality control parameters. This helps in minimizing manufacturing errors, downtimes, and rejections, thus improving flour quality and consistency. For example, Castle Mill, a UK-based flour milling company, is using NIR analyzers to control the flour milling process. DA 7250, a NIR analyzer offered by Perten Instruments, and NIRS DS2500 by FOSS are also being used for analysis in the flour milling industry.
The grain products market report table of contents includes:
1. Executive Summary
2. Grain Products Market Characteristics
3. Grain Products Product/Service Analysis -Product/Service Examples
4. Grain Products Market Trends And Strategies
5. Grain Products Market – Macro Economic Scenario
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26. Germany Grain Products Market
27. France Grain Products Market
28. Italy Grain Products Market
29. Spain Grain Products Market
30. Austria Grain Products Market
Top Major Players:
- Cargill Incorporated
- Archer Daniels Midland (ADM)
- Wilmar International Ltd
- Bunge Limited
- Louis Dreyfus Company B.V
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