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Grain Products Market to Reach $503.37 Billion by 2028 at 6.3% CAGR, Driven by Health and Sustainability Trends

05-27-2024 10:27 AM CET | Food & Beverage

Press release from: The Business Research Company

Grain Products Market Report

Grain Products Market Report

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Grain Products Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $503.37 billion In 2028 At A CAGR Of 6.3%:

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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Grain Products Market Major Segments
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

Key Driver - Rising Demand For Sustainable Organic Dairy Fuels Market Growth
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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Prominent Trend - Enhancing Flour Milling With Nir Analyzers
Flour milling companies are using NIR analyzers to improve production efficiency. A Near-Infrared (NIR) analyzer is an analytical instrument used to determine moisture, protein, fat, and other parameters in a food sample. NIR analyzers used in flour mills analyze wheat and flour for moisture, protein, and ash content. NIR analyzers monitor the grain in all the steps of a milling process and give real-time access to quality control parameters. This helps in minimizing manufacturing errors, downtimes, and rejections, thus improving flour quality and consistency. For example, Castle Mill, a UK-based flour milling company, is using NIR analyzers to control the flour milling process. DA 7250, a NIR analyzer offered by Perten Instruments, and NIRS DS2500 by FOSS are also being used for analysis in the flour milling industry.

Grain Products 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

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/grain-products-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the grain products market in 2023. North America was the second-largest region in the grain products market. The regions covered in the grain products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

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The Business Research Company
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Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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