Flour Milling in the US
Despite rising per capita disposable income levels, revenue in the Flour Milling industry has declined over the five years to 2018 due to growing consumer preference for flour-alternatives and rising import penetration. Many input commodities used by industry operators have fallen in price over the five years 2018. This constrained the prices industry operators were able to command from downstream markets. Moreover, consumer preferences shifted while import penetration grew, further hindering revenue growth as consumers opted either for less-expensive foreign products or new flour-alternatives such as almond flour. Additionally, lower production costs and limited regulation encouraged foreign competitors to enter the domestic market, while a strengthening US dollar limited the ability of domestic flour millers to sell products abroad and further encouraged imports. Moving forward, the prices of several agricultural commodities, including wheat and corn, are projected to experience stable growth, enabling operators to command higher prices and boost revenue.
Companies in this industry participate in the following activities: milling grains and vegetables into flour; cleaning, polishing and milling rice; and producing malt from a variety of cereal grains. Industry operators purchase grain inputs, such as wheat, corn, barley and rice, from wholesalers or directly from growers. Operators then convert these inputs into flour, gluten, cereal groats and malt and sell such products to grocery wholesalers or other food-related industries.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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