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Grain MillingPublished by: First Research, Inc. Published: Jul. 7, 2008 - 10 Pages Table of Contents
AbstractThe grain milling industry includes about 400 companies with combined annual revenue of $11 billion. Major companies include Archer Daniels Midland (ADM); ConAgra; Cargill Foods; and General Mills. The industry is fragmented: the top 25 companies account for 25 percent of industry revenue.Grain milling is the milling of flour and rice; the malting of grains (primarily barley); and the mixing of prepared flour mixes and dough. This industry doesn't include revenue from mills that prepare breakfast cereals, nor does it include meal ground from legumes or nuts. COMPETITIVE LANDSCAPE Demand is driven by consumer patterns in bread, whole grains, and rice consumption. The profitability of individual companies depends on managing grain prices and inventory effectively, and minimizing the risk of rodents, insects, and molds. Large companies have advantages in advanced milling technology and a diversified product line. Small operations can compete effectively by specializing in organic, non-genetically modified, or heirloom grains. The industry is capital-intensive: average annual revenue per employee is about $600,000. PRODUCTS, OPERATIONS & TECHNOLOGY Major products include wheat flour (55 percent of the market); rice (20 percent); and cornmeal (10 percent). Other products include malted barley and prepared flour mixes. Any grain can be ground into flour, but wheat is the most common milled grain. About three-quarters of all US grain products are made from wheat flour. Each year, mills grind around 900 million bushels of wheat, producing 20 million tons of flour. Wheat ... Get Full Details About This Report >> |
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