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Size, Outlook, and Key Trends: Grain Products Market Overview 2024-2033
Grain Products Market
The Business Research Company presents an extensive market research report on the Grain Products Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The grain products market size has grown strongly in recent years. It will grow from $368.71 billion in 2023 to $393.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to population growth and urbanization, changing consumer lifestyles, government subsidies and agricultural policies, culinary influences and ethnic foods, global trade and supply chain dynamics.
The grain products market size is expected to see strong growth in the next few years. It will grow to $503.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to health and wellness considerations, sustainability practices, plant-based and alternative proteins, ancient grains and heritage varieties, dietary diversity and inclusion of multigrains. Major trends in the forecast period include innovative grain snacks, innovations in processing technologies, e-commerce and online retailing, innovations in packaging and portability, diverse flour blends.
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Key Market Players:
Major companies operating in the grain products market report are Cargill Incorporated, Archer Daniels Midland (ADM), Wilmar International Ltd., Bunge Limited, Louis Dreyfus Company B.V., Olam International, CJ Corp., United Natural Foods Inc., CJ Cheiljedang Corp., The Mosaic Company, General Mills Inc., The Andersons Inc., Kellogg Company, Conagra Brands Inc., Seaboard Corporation, Ingredion Incorporated, The J.M. Smucker Company, Post Holdings Inc., Nisshin Seifun Group Inc., Gruma S.A.B. de C.V, Soufflet SA, Ardent Mills LLC, Toyo Suisan Kaisha Ltd., The Hain Celestial Group, Riceland Foods lnc., SunOpta lnc., MGP Ingredients lnc., GrainCorp Malt, Malteurop Malting Company, The Scoular Company
Market Drivers:
The increasing demand for local, sustainable, and organic food production is expected to positively impact the dairy food market during the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is an extremely high import rate (especially for fruits and vegetables), as the rate of production is far lower than the consumer demand for organic produce. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, between the years 2020 and 2021, organic sales increased by 2% surpassing $ 63 billion as compared to previous years. This growing demand for organic products offers considerable opportunities for dairy product producers in both developed and developing countries, which is likely to drive the market during the forecast period.
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https://www.thebusinessresearchcompany.com/report/grain-products-global-market-report
The grain products market covered in this report is segmented -
1) By Type: Flour, Rice And Malt, Other Grain Products
2) By Price Range: Premium, Mid, Low
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: Flour, Rice, Malt
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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