Global Flour, Rice And Malt Market Growth, Share, Analysis And Forecast To 2033

The new report published by The Business Research Company, titled Flour, Rice And Malt Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 flour, rice and malt market covered in this report is segmented -
1) By Type: Flour, Rice, Malt
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Application: Household, Commercial Use

Subsegments Covered: Wheat, Maize (Corn), Rice-Flour, Other Flour

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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.

Contents of the report:
1. Executive Summary
2. Flour, Rice And Malt Market Report Structure
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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