Flour Milling in the US - Industry Market Research Report
Description
Flour Milling in the US
The Flour Milling industry manufactures milled products, such as various flours, rice and malt. Despite a significant shift away from wheat flour consumption, demand for products has grown as rising health consciousness has driven consumers toward gluten-free and whole-grain foods. Also, the pandemic sparked a trend in at-home baking, attracting more consumers. At the same time, the price of certain input commodities has increased in recent years, raising operational costs. Imports into the Flour Milling industry have also risen. Overall, revenue is expected to increase at a CAGR of 5.6% to $27.4 billion over the five years to 2023, including a 3.2% decline in 2023 alone. Profit also climbed to 7.0% of revenue in 2023, up from 6.8% in 2018.
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.
The Flour Milling industry manufactures milled products, such as various flours, rice and malt. Despite a significant shift away from wheat flour consumption, demand for products has grown as rising health consciousness has driven consumers toward gluten-free and whole-grain foods. Also, the pandemic sparked a trend in at-home baking, attracting more consumers. At the same time, the price of certain input commodities has increased in recent years, raising operational costs. Imports into the Flour Milling industry have also risen. Overall, revenue is expected to increase at a CAGR of 5.6% to $27.4 billion over the five years to 2023, including a 3.2% decline in 2023 alone. Profit also climbed to 7.0% of revenue in 2023, up from 6.8% in 2018.
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.
Table of Contents
44 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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