Grain Products Market Analysis, Size & Forecast 2024-2033

The Business Research Company recently released a comprehensive report on the Global Grain Products Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Grain Products Market 2024 Key Insights:

• 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%.
• Rising Demand For Sustainable Organic Dairy Fuels Market Growth
• Enhancing Flour Milling With Nir Analyzers
• Asia-Pacific was the largest region in the grain products market in 2023

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