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Flour Milling in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Flour Milling Market Research Report | NAICS 31121 | Feb 2016

Flour power: With changing diet preferences and volatile input prices, industry revenue will fall

IBISWorld’s Flour Milling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 11-16
-1.2%
Annual Growth 16-21
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Profit
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Employment
24,938
Businesses
403
Industry Analysis & Industry Trends

Since flour mills provide goods that are considered diet staples, the industry will remain relevant in the years to come. Revenue and profit will depend on the price and production of wheat and rice. As companies vertically integrate and merge operations to take advantage of economies of scale, revenue will rise... purchase to read more

Industry Report - Industry Products Chapter

Wheat flour and wheat mill products

In 2016, wheat flour and wheat mill products (excluding flour) account for about 49.1% and 4.5% of total revenue, respectively. Over the past five years, per capita wheat flour consumption is expected to have grown at an annualized rate of 0.3%. While per capita wheat flour consumption has grown, it has still increased at a slower pace than population growth, demonstrating limited demand for this product segment. According to data from the US Department of Agriculture (USDA), wheat production grew to 2.1 million bushels in the first quarter (June to August) of fiscal 2016, up from 2.0 million bushels in fiscal 2015. As the supply of wheat grew, wheat or meslin flour millers had access to lower-priced input commodities (i.e... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Flour Milling Industry?

Companies in this industry participate in the following activities: milling grains and vegetables into flour; cleaning, polishing and milling rice; and producing malt from a variety of cereal grains. Industry operators purchase grain inputs, such as wheat, corn, barley and rice, from wholesalers or directly from growers. They then process them into flour, gluten, starch and malt and sell such products to grocery wholesalers or other food-related industries.

Industry Products
Wheat flour Wheat mill products, excluding flour Corn mill productsPrepared flour mixes Other grain mill productsRice millingMalt manufacturing
 
Industry Activities
Producing flour from wheatProducing flour from cornProducing flour mixes from a variety of grain cropsMilling rough riceProducing malt from a variety of cereal grainsProducing meal and animal feed


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