Flour and Grain Mill Product Manufacturing in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: August 2024
ANZSIC C1161Revenue
$4.8bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
6,016
Businesses
67
Wages
$XXX.Xm
Flour and Grain Mill Product Manufacturing in Australia industry analysis
Flour and grain mill product manufacturers have faced mixed conditions in recent years. A pandemic-induced home-baking boom increased household flour and grain mill product consumption, driving demand from supermarkets and grocery stores. During 2020 droughts, wheat and rice production volumes shrank, limiting the industry’s ability to manufacture flour and grain mill products. The Russia-Ukraine conflict has also raised global wheat prices by contributing to scarcity, with domestic prices following. Manufacturers had to pass increased costs on to consumers through higher prices to maintain profit margins and boost their earnings. In May 2020, China announced extreme tariffs on Australian malted barley. As a result, Australian barley lost competitiveness in the Chinese market, cutting into export revenue for manufacturers. These shifts in demand and input supply have meant revenue is expected to inch up by only 0.1% annualised over the five years through 2024-25, to $4.8 billion. This includes an anticipated drop of 10.3% in 2024-25.
Trends and Insights
- Manufacturers have faced volatile demand. A pandemic-induced home-baking boom temporarily boosted household demand for flour and grain mill products, but rising cost-of-living pressure has reduced demand since.
- Ongoing changes in consumer tastes alter demand for flour and grain mill products. This trend is encouraging millers to launch new products to satisfy consumer needs.
- Manufacturers are shifting from metropolitan areas to regional locations due to limited expansion opportunities. Despite proximity to downstream markets and ports in cities like Sydney and Melbourne, regional areas offer more space for growth.
- Market share concentration is high. Larger millers injected capital into research and development, focusing on improving production efficiency to fuel expansion.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated $4.8bn in 2024.
Trends and Insights
Changing demand from supermarkets and grocery stores has varied industry performance
- Revenue for the Flour and Grain Mill Product Manufacturing industry depends on product prices and quantities, and quantities have fluctuated dramatically over the past few years.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Demand from downstream markets will drive industry growth
- Continuing inflationary pressure will cause supermarkets and grocery stores to set high product prices. These retailers will benefit from increased revenue. Despite the challenges a cost-of-living crisis poses, inflationary pressures are set to ease. This is also set to increase consumer sentiment over the next five years. This combination of effects will allow supermarkets and grocery stores to capitalise on consumer demand for products, including flour and grain mill products, as increased confidence is on track to improve willingness to spend.
Biggest companies in the Flour and Grain Mill Product Manufacturing in Australia
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
Manildra Group | 1,810.1 | |
George Weston Foods | 1,029.2 | |
SunRice | 858.8 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Rice, Flour and Other flour mill products. Rice is the largest segment of the Flour and Grain Mill Product Manufacturing in Australia.
Trends and Insights
Flour consumption has remained steady regardless of changing behaviours
- Wholemeal flour, white flour and brown flour are the main segments of flour. Flour is a key ingredient in home baking and food product manufacturing. Wheat, rye and maize are the most common inputs in flour production.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Cereal, Pasta and Baking Mix Manufacturing in Australia
- Prepared Animal and Bird Feed Manufacturing in Australia
- Cereal Grain Wholesaling in Australia
- General Line Grocery Wholesaling in Australia
International industries
- Flour Milling in the US
- Flour Milling in Canada
- Grain Milling in the UK
- Malt Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Manufacturers mill flour or meal from grains, vegetables or plants, for human consumption. Processes include blending and cleaning grains, applying heat and using a succession of rollers to produce a range of flour grades. Operators also manufacture rice, rice flour, rice starch, sago, tapioca and baking powder.
What's included in this industry?
RiceFlourStarch and glutenMaltCornBarleyWheatmealCereal grainSausage binderCompanies
Manildra GroupGeorge Weston FoodsSunRicePurchase this report to view all 7 major companies in this industry.
Related Terms
STARCHFLOURGLUTENMALTIndustry Code
ANZSIC 1161 - Flour and Grain Mill Product Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Manufacturers have faced volatile demand. A pandemic-induced home-baking boom temporarily boosted household demand for flour and grain mill products, but rising cost-of-livin...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Ongoing changes in consumer tastes alter demand for flour and grain mill products. This trend is encouraging millers to launch new products to satisfy consumer needs.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Manufacturers are shifting from metropolitan areas to regional locations due to limited expansion opportunities. Despite proximity to downstream markets and ports in cities l...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Market share concentration is high. Larger millers injected capital into research and development, focusing on improving production efficiency to fuel expansion.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Manildra is a heavyweight in the Flour and Grain Mill Product Manufacturing industry. This dominance has resulted from continued investments in innovation to strengthen its s...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Manildra Group's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of George Weston Foods's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of SunRice's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 4 additional companies
Detailed analysis
- Description and key data for Manildra Group, and factors influencing its performance in the industry
- Description and key data for George Weston Foods, and factors influencing its performance in the industry
- Description and key data for SunRice, and factors influencing its performance in the industry
- Description, key data and performance trends for 4 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Demand from supermarkets and grocery stores is increasing. This presents an opportunity for manufacturers that supply flour and grain mill products to these markets.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profit margins have fluctuated significantly in recent years. Unstable global wheat prices have affected purchase costs, which has created varying pressure on profit...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Flour and Grain Mill Product Manufacturing industry in Australia in 2024?
The market size of the Flour and Grain Mill Product Manufacturing industry in Australia is $4.8bn in 2024.
How many businesses are there in the Flour and Grain Mill Product Manufacturing in Australia industry in 2024?
There are 67 businesses in the Flour and Grain Mill Product Manufacturing industry in Australia, which has declined at a CAGR of 2.7 % between 2019 and 2024.
Has the Flour and Grain Mill Product Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Flour and Grain Mill Product Manufacturing industry in Australia has been growing at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Flour and Grain Mill Product Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Flour and Grain Mill Product Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Flour and Grain Mill Product Manufacturing market in Australia?
The biggest companies operating in the Flour and Grain Mill Product Manufacturing market in Australia are Manildra Group, George Weston Foods and SunRice
What does the Flour and Grain Mill Product Manufacturing in Australia include?
Rice and Flour are part of the Flour and Grain Mill Product Manufacturing industry.
Which companies have the highest market share in the Flour and Grain Mill Product Manufacturing in Australia?
The company holding the most market share in Australia is Manildra Group.
How competitive is the Flour and Grain Mill Product Manufacturing industry in Australia?
The level of competition is high and increasing in the Flour and Grain Mill Product Manufacturing industry in Australia.
