Wheat And Grain Milling Industry Market Projected to Witness Vigorous Expansion by 2020-2027

Milling is the process in which whole grains are cut down. Each type of grain has different milling process such as oats are broken down into smaller pieces and wheat is turned into flour. The global wheat and grain milling industry is witnessing significant growth as the world's population continues to rise.
 
Increasing number of cafes and restaurants across the globe are fueling the demand for wheat and grain resulting into driving growth of the global wheat and grain milling industry. For instance, according to the report of 2020 of the National Restaurant Association of the US, there are more than 1 million restaurants in the US. Also, the projected sales of the restaurant industry in 2020 is US$ 899 billion.
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Restraints:
The major challenge that the global wheat and grain milling industry faces is storage. While huge storage spaces are required for grains, dreadful environmental conditions may hamper growth of the industry.
 
Regional Insights:
North America dominates the global wheat and grain milling industry due to increased demand of bread and bakery products and growing consumer awareness about gluten-free foods in Canada and U.S. In 2019, the U.S. farmers produced 1.884 billion bushels of wheat, according to the United States Department of Agriculture (USDA). Europe stands second in the market with its high demand of wheat in the U.K. due to increasing number of restaurants.
 
Asia Pacific is the fastest growing market due to rising population in China and India. The Indian population as of 2020 is 1.3 billion, according to the National Commission of Population, India.
 
Competitive Insights:
The key players of the global wheat and grain milling industry are Archer Daniels Midland, ConAgra, Cargill, Riceland Foods, General Mills, GrainCorp, REI Agro, Wilmar International, Nisshin Seifun Group, and China Agri-Industries.
 
In September 2019, Archer Daniels Midland set-up the largest flour mill in Mendota, Illinois.
In 2019, Adani Wilmar, a joint venture of Wilmar International and Adani Group, earned a revenue of US$ 42.9 million in India with its wheat flour under the brand ‘Fortune’.
 
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This release was published on openPR.