The global grain mill products market was valued at USD 107.3 billion in 2022 and is projected to expand at a CAGR of 4.5% from 2023 to 2030. The growth of the market is attributed to the growing demand for ready-to-eat and convenience food products, as well as the increasing consumption of flour-based products. Furthermore, rising health consciousness among consumers, coupled with increasing disposable income, is likely to drive the market over the forecast period.

The growing demand for breakfast cereals, noodles, and bakery products is expected to boost the growth of the grain mill products market. For instance, according to a survey, in April 2021, the demand for breakfast cereals grew by 8% in Europe and 11% in the United States. This is due to the rising health consciousness and the growing preference for convenient and ready-to-eat breakfast options. Additionally, the increasing demand for noodles, especially in the Asia Pacific region, is expected to drive the market growth over the forecast period.

Moreover, the rising trend of baking has contributed to the increasing demand for flour. The demand for flour has increased due to the rising demand for cakes, pastries, and other baked products. Furthermore, the rising awareness about the health benefits of whole grain flours is expected to boost the market growth. For instance, according to a survey, in April 2021, the demand for whole wheat flour increased by 4% in the United States.

In addition, the increasing demand for flour has led to an increase in the number of flour mills globally. This is due to the growing demand from consumers for fresh and high-quality flour. Moreover, the increasing investments in research and development activities is expected to further drive the market growth. For instance, in January 2021, the Polish Flour Milling Association announced a new program to invest in the research and development of flour milling technologies.

Furthermore, the increasing focus on providing naturally sourced and organic products is expected to drive the market growth over the forecast period. Additionally, the growing preference for fortified and nutritionally enriched grain-based products is expected to further fuel the market growth. For instance, in May 2021, Cargill Inc. launched a range of new specialty milled products and flour blends to meet the growing demand of health-conscious consumers.

The wheat segment led the market and accounted for a share of around 28.4% in 2020. Growing consumer demand for healthy and nutritional food products has been driving the demand for grain mill products worldwide. According to an article published by The Guardian, in January 2020, consumption of wheat-based products is rising in many countries. In addition, the increased consumption of wheat-based products in many developing countries, such as India and China, is anticipated to propel the growth of the market over the forecast period.

The rice segment is projected to expand at the fastest CAGR of 7.2% over the forecast period. Increasing population, rising health concerns, and the emergence of innovative product offerings are some of the key factors driving the rice market growth. In addition, the growing demand for ready-to-eat foods is expected to drive the market growth of the segment. According to an article published by Institute of Economic Growth, in January 2020, the demand for processed rice is expected to increase in developing countries due to its convenience and ease of use.

The supermarkets and hypermarkets segment accounted for the largest share of the grain mill products market in 2022. This is attributed to the availability of a wide variety of grain mill products in these outlets, along with the presence of various brands. Moreover, the presence of a wide variety of products in these outlets helps customers in making quick purchasing decisions. The convenience and availability of discounts offered by these outlets further contribute to the segment’s growth.

Online sales of grain mill products are estimated to expand at the fastest CAGR of 11.5% during the forecast period. This can be attributed to the convenience of online shopping, which has been made possible by the advancements in technology. Moreover, the presence of various online retail platforms such as Amazon and Flipkart, as well as the increasing penetration of smartphones and internet, are also contributing to the growth of the online segment. Additionally, the availability of discounts and offers on these platforms further boosts the segment’s growth.

The packaged grain mill products segment accounted for the largest revenue share of 69.4% in the year 2022. The increasing demand for packaged grain mill products due to the convenience and ease of use, is driving the growth of the segment. The availability of a wide variety of grains like wheat, corn, and rice in packaged form is also contributing to the increased demand for the segment. Additionally, the rising disposable income and changing consumer lifestyle in developing countries are creating a huge demand for packaged grain mill products.

The unpackaged grain mill products segment is expected to expand at the highest CAGR of 8.2% over the forecast period. The increasing demand for unpackaged grains among health-conscious consumers is driving the demand for this segment. Furthermore, the growing trend of using organic and unrefined grains for baking and cooking is contributing to the growth of the segment. Additionally, the introduction of innovative formulas and flavors by leading companies such as General Mills Inc. is further expected to boost the market.

Europe is expected to be the largest market for grain mill products with a market share of around 35% in 2022. The region’s market share is primarily driven by the growing demand for convenience foods in the region. In addition, the growing awareness regarding the health benefits of consuming whole grain products is expected to fuel the market’s growth. For instance, in June 2021, the European Union passed a new law that requires food manufacturers to state the percentage of whole grain in their products.

Asia Pacific is expected to witness the fastest growth over the forecast period. The increasing population and rising disposable income are some of the key factors driving the growth of the market in the region. Moreover, the rising health consciousness among consumers is expected to fuel the demand for healthy grain products. For instance, in April 2021, Japanese food manufacturer Nissin Foods launched a line of whole grain ramen noodles in Japan.

In this part of the grain mill products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your grain mill products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a grain mill products business comes from the sale of milled grains, flours, and other products. This can include sales of finished products to retailers or wholesalers as well as direct sales to consumers. Additionally, other services related to the grain mill products business can include custom milling services and consulting services.

Projecting Expenses

In this section, all the regular expenses related to keeping the grain mill products business running will be described. The list of operating expenses includes wages, maintenance and repairs, utilities, insurance policies, advertising, grain and flour purchases, and others. Additionally, the cost of transportation for delivering products to customers should be taken into consideration.

Some of the key companies operating in the grain mill products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In July 2022, Ardent Mills launched a range of certified organic flour products.

– In August 2022, General Mills Inc. launched a range of gluten-free flour products.

– In October 2022, Cargill Inc. launched a range of whole wheat flour products.

Some of the prominent players in the grain mill products market include:

– Ardent Mills
– General Mills Inc.
– Cargill Inc.
– ConAgra Brands Inc.
– The Hain Celestial Group Inc.
– Bob’s Red Mill Natural Foods Inc.
– Grupo Bimbo S.A.B. de C.V.
– Archer Daniels Midland Co.
– Tyson Foods Inc.
– Sunrise Flour Mill LLC.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global grain mill products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Flour
– Cereals
– Starches
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Specialty Stores
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Commercial
– Household

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Current Market Dynamics of the Global Grain Mill Products Market?
[A]: The global grain mill products market is expected to register a CAGR of 4.3% over the forecast period. This growth is attributed to factors such as the increasing demand for ready-to-eat convenience food, rising popularity of organic food, and the increasing demand for whole grain and gluten-free products.

[Q]: Who are the Key Players in the Global Grain Mill Products Market?
[A]: Major players operating in the global grain mill products market include Archer Daniels Midland Company, Cargill Inc., General Mills, Inc., The Kraft Heinz Company, The J.M. Smucker Company, Nestlé SA, Associated British Foods Plc, and ConAgra Foods, Inc.

[Q]: What are the Factors Restraining the Growth of the Global Grain Mill Products Market?
[A]: Factors such as the availability of substitutes and the cost of production can be expected to restrain the growth of the global grain mill products market.

[Q]: What are the Major Segments of the Global Grain Mill Products Market?
[A]: The global grain mill products market is segmented based on product type, distribution channel, and geography. On the basis of product type, the market is segmented into flour, breakfast cereals, and others. On the basis of distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, specialty stores, and online stores.

[Q]: What are the Major Opportunities in the Global Grain Mill Products Market?
[A]: The major opportunities in the global grain mill products market include the increasing demand for ready-to-eat convenience food, rising popularity of organic food, and the increasing demand for whole grain and gluten-free products. Additionally, the emergence of new product categories and the introduction of innovative products are expected to create incremental growth opportunities for market players.