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Grain Mill Products Market Segmented By Product , Region and Forecasts From 2019 – 2025 | Grand View Research Inc.

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Grain Mill Products Market Segmented By Product , Region and Forecasts From 2019 – 2025 | Grand View Research Inc.

November 19
08:45 2019
Grain Mill Products Market Segmented By Product , Region and Forecasts From 2019 - 2025 | Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global grain mill products market size was valued at USD 623.4 billion in 2018 and is expected to expand at a CAGR of 3.6% from 2019 to 2025.

The global grain mill products market size is expected to reach USD 797.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.6% over the forecast period. Growing preference for gluten-free food, coupled with changing trends in milling technology such as dry and wet milling based on various applications, is likely to create robust demand for grain mills over the anticipated years.

Increasing number of cafes and fast food restaurants worldwide is driving the demand for flour, henceforth, augmenting the growth of grain mills in the market. Automation in rice processing machine provides many benefits such as higher yield and overall improvement in the operational efficiency. For instance, Ardent Mills uses a patented SafeGuard treatment and delivery system that’s a comprehensive and integrated solution and extends flour food safety assurance from the plant to consumers.

Rising demand from the food industry, along with increased per capita consumption across U.S. and U.K., is a major factor augmenting the growth of the market for grain mill products. Availability of effective technologies for preparation of breads, noodles, pastas, and other flour-based products have contributed to the growth of the market in recent years. For instance, Nippon Flour Millings Co. Ltd. and Tofuku Flour Mills Co. Ltd. are amongst the main suppliers for milled flour manufacturing noodles and ramen under the brand name, Nissin Foods. As per the South China Morning Post, in 2017, Nissin Foods owns approximately 65% of the total market share as noodles supplier.

Wheat held the largest share of 41.3% in 2018. The wheat flour has a number of applications from bakery to confectionary and from household to commercial use. The global grain milling industry is witnessing a growing uptake for modification technologies and flours are fortified with additives, micronutrients, and a variety of ingredients. This, in turn, is augmenting the demand for wheat flour worldwide.

North America held the largest share in 2018 and is expected to generate a revenue of USD 238.2 billion by 2025. Rise in demand for bakery and bread products and growing awareness regarding gluten-free food have augmented the growth of the market in this region. The region has the largest grain mill companies such as Ardent Mills and Conagra Ltd. owing to large production and B2B consumption of grains. Europe is expected to witness significant growth in the coming years owing to high demand for milled grains from the brewing industries.

Key players including Ardent Mills, Fazer Group, ConAgra, Grain Millers, King Arthur Flour, and Goodman Fielder are operating in the market for grain mill products.For instance, Ardent Mills is expanding into Colorado owing to excessive grain demand from this region in 2019.

Request a sample Copy of the Grain Mill Products Market Research Report @ https://www.grandviewresearch.com/industry-analysis/grain-mill-products-market/request/rs1

North America grain mill products market size, by product, 2015 - 2025 (USD Billion)

Key Takeways Of the Report :

  • By product, wheat accounted for 41.3% share of the total revenue in 2018 and is projected to exhibit significant growth over the coming years

  • North America is projected to generate a revenue of USD 238.2 billion by 2025

  • APAC is the second fastest growing region in the market, expanding at a CAGR of 3.8% over the forecast period

  • Demand for grain mills is increasing in countries such as U.K., Germany, Iran, and India due to higher domestic consumption, growing population, increasing per capita income, and shift in the taste preferences of consumers

  • The grain mill products market is highly competitive in nature with the major players including Ardent Mills, Fazer Group, ConAgra, Grain Millers, King Arthur Flour, and Goodman Fielder.

Global grain mill products market share, by region, 2018 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/6463/ibb

Grand View Research has segmented the global grain mill products market on the basis of product and region:

Grain Mill Products Outlook (Revenue, USD Billion, 2015 – 2025)

  • Wheat

  • Rice

  • Others

Grain Mill Products Regional Outlook (Revenue, USD Billion, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • France

    • U.K.

  • Asia Pacific

    • India

    • China

  • Central and South America

    • Brazil

  • Middle East and Africa

    • Iran

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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