Market Size of Grain Mill Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Grain Mill Products Market Analysis
Grain Mill Products Market is projected to grow at a CAGR of 3.7% over the forecast period.
The rising demand for packaged/ ready-to-eat food attributed to changing lifestyles and expanded per capita income has increased the demand for grain milling products. The increasing urbanization in South America and Asia-Pacific creates a further scope of growth due to the change in demographics and high disposable income. The production of flour has been growing as the demand for bakery products is rising, and the production gained a strong foothold in people's nutrition. Frequent launches with new formulations in the basic development, such as low-fat, gluten-free, low-carb, organic, and high-fiber flour, attract consumers, fueling the market growth.
The global market for milled grain products is being driven by the increasing number of cafes and fast food restaurants across the globe, particularly in developing nations like Asia-Pacific, the Middle East, and Africa. Increasing technological developments and R&D efforts also significantly improve the grain mill industry. Wheat held the leading market share due to its numerous applications from bakery to confectionery and household to commercial use. Europe accounts for a substantial market share driven by the change in consumer taste and preferences, and growing dietary concerns have increased the demand for gluten-free products.
