Flour, Rice And Malt Market Report 2024: Strategies And Recent Developments | CJ Cheiljedang Corp, Wilmar International Ltd, Louis Dreyfus, Soufflet SA, GrainCorp Malt, Gruma S.A.B. de C.V, Nisshin Seifun Group Inc., Ingredion Incorporated, Olam Internati

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Flour, Rice And Malt Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The flour, rice and malt market size has grown strongly in recent years. It will grow from $141.77 billion in 2023 to $151.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to staple food demand, agricultural production, traditional culinary practices, global export, food processing.

The flour, rice and malt market size is expected to see strong growth in the next few years. It will grow to $191.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to health and wellness trends, sustainability and eco-friendly practices, diverse food applications, global market expansion, digitalization of supply chain. Major trends in the forecast period include gluten-free and specialty flours, rice alternatives, malt in craft brewing, malt-based snacks and foods, traditional grain revival.

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Market Segmentation:
The main types of flour, rice, and malt are flour, rice, and malt. Flour is defined as a finely ground wheat product, as well as a similar item derived from other grains or food products, such as dried potatoes or fish. It is used in various applications such as household, commercial use and is distributed through several channels including supermarkets/hypermarkets, convenience stores, e-commerce, others.

Major Driver - Falling Crop Prices Fueling Profitability For Food Processing Industries
Many countries across the globe are experiencing falling prices of crops due to overcapacity. This is expected to result in low raw material costs for flour, rice, and malt manufacturing companies. For instance, in November 2022, according to the report Frontline, an India-based national magazine on agriculture, the Cabinet Committee on Economic Affairs announced a bailout package of $8.4 Billion (Rs 7000 crore for farmers involved in the sugar production sectors to fix the minimum selling price of refined sugar at Rs 29 per kilogram (prices dropped to Rs 23-24 recently due to overproduction) and to create a buffer stock of 3 million tonnes of sugar for one year. Thus, the overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will enable flour, rice, and malt manufacturing companies to increase their productivity and drive the market going forward.

Competitive Landscape:
Major companies operating in the flour, rice and malt market include CJ Cheiljedang Corp, Wilmar International Ltd, Louis Dreyfus, Soufflet SA, GrainCorp Malt, Gruma S.A.B. de C.V, Nisshin Seifun Group Inc., Ingredion Incorporated, Olam International., Ardent Mills LLC, Archer-Daniels-Midland Co., Riceland Foods Inc., General Mills Inc., ConAgra Brands Inc., The Mennel Milling Company, Bay State Milling Company, Bartlett Milling Company, Grain Craft, Miller Milling Company, Siemer Milling Company, Hopkinsville Milling Company, Shawnee Milling Company, Wilkins Rogers Mills, Cereal Food Processors Inc., Horizon Milling LLC, The Hain Celestial Group Inc., The Malted Barley Appreciation Society, Malt Products Corporation, Briess Malt & Ingredients Co., Great Western Malting Co., Malteurop North America Inc., Rahr Malting Co., Muntons Malted Ingredients Inc., Cargill Inc., Bunge Limited, The Scoular Company, The Andersons Inc., The Birkett Mills, The Malt Company Pvt. Ltd.

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Top Trend - IOT Integration Enhances Efficiency And Maintenance
Flour milling machines are increasingly being embedded with IoT technology to monitor production and for predictive maintenance. Flour milling machines are installed with sensors that transmit real-time production data to a computer system over the internet. Data is continuously monitored for production efficiency and to understand the state of machine components. For instance, Sanku, a company that develops fortification technologies, collaborated with Vodafone to offer IoT technology for flour mills in Tanzania. The technology allows a single person to manage around 100 mills in real-time. The Diorit MDDY/MDDZ flour milling machine by Buhler is embedded with sensors such as roll disengagement monitoring, roll rotational speed monitoring, roll temperature monitoring, and bearing temperature monitoring that continuously transmit data to a computer for monitoring purposes.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flour, Rice And Malt Market Characteristics
3. Flour, Rice And Malt Market Trends And Strategies
4. Flour, Rice And Malt Market - Macro Economic Scenario
5. Flour, Rice And Malt Market Size And Growth
…..
27. Flour, Rice And Malt Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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