The flour, rice, and malt manufacturing market are a fragment of the food and beverages market that consists of sales of barley flour, rice flour, buckwheat flour, fruit flour, graham flour, durum flour, oat flour, potato flour, and rye flour by organizations. The organizations mill flour or meal from grains or vegetables, preparing flour mixes or doughs from flour, clean, mill, and polish rice or produce malt from barley, rice, and other grains. The companies process raw materials into rice flour, and malt products, and package or distribute them through several distribution channels to both commercial establishments and individual customers.
According to study, “Flour, Rice And Malt Manufacturing Global Market Report 2019” the key companies operating in the global flour, rice and malt manufacturing market are Archer Daniels Midland Company, United Canadian Malt, ConAgra Brands, The Malt Company, Cargill Inc., Gomti Malts, Riceland Foods, Bunge Limited, Cryer Malt, Viking Malt. The key players are entering various types of agreements & partnerships such as supply & sales agreements and plant manufacture partnerships to serve their clients in a better manner and increase market outreach.
Nowadays, Flour milling firms are using milling equipment with advanced sensor technologies to improve production efficiency. The sensors continuously measure the particle size distribution in ground products and automatically adjust the milling gap. This results in reliable flour quality with minimized energy consumption. In addition, modern sensor technologies are also proficient in continuously monitoring the temperature of rollers & bearings, thus ensuring maximum operational safety and production uptime.
Based on type, flour, rice, and malt manufacturing market is segmented into flour, rice, and malt. Flour segment is further sub-segmented into wheat, rice flour, maize (corn) flour and other flours (oat flour and rye flour). Rice segment is further sub-segmented into Arborio rice, jasmine rice, black rice, brown rice, red cargo rice, rose matta rice, sushi rice, parboiled rice, and other rice. Additionally, malt segmented is also further sub-segmented into a dry extract, liquid extract, and malt flour. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, e-commerce, convenience stores, and others. In addition, based on the application, the market is segmented into commercial use and household.
The flour, rice, and malt manufacturing market are driven by an increase in awareness for protein-rich diet, followed by the rapid development of fast food industry, increase in disposable income, growth in emerging market and improved earning capacity. However, unfavorable conditions resulting in contamination in storage facilities and volatile prices of raw materials may impact the market. Moreover, the expansion of commercial farmlands in developing countries is a key opportunity for the market.
Based on geography, the North-American region holds a major share in flour, rice, and malt manufacturing market owing to change in taste and preference of consumers in the region. Whereas, the Asian-Pacific and European regions are estimated to witness a higher growth rate due to a rise in awareness about gluten-free products over the forecast period. In the upcoming years, it is anticipated that the market will be reached at a rapid pace as a result of the rise in health concerns among people during the forecast period.
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Ankur Gupta, Head Marketing & Communications