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

IBISWorld’s Flour Milling market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Threats & Opportunities

  • Many flour milling operators have combatted declines in revenue by appealing to a market niche of consumers with gluten-free products
  • Operators have focused on employing research and development workers to find new grain varieties
  • Rising levels of disposable income will generate significant demand for high-quality industry products

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    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...

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    Industry Report - Industry Analysis Chapter

    The Flour Milling industry has experienced a modest decline over the five years to 2017. Sharp decreases in the prices of input commodities like wheat and corn have limited the prices industry operators are able command for their products. Additionally, unfavorable trade conditions have empowered foreign competitors to siphon revenue from domestic flour millers while an increase in the value of the trade-weighted index has constrained the ability of industry operators to sell their products abroad. Overall, while per capita levels of wheat consumption and disposable income have both experienced modest growth during this period, industry revenue is estimated to decline at an annualized rate of 1.7% to $20.2 billion over the five years to 2017, including a decline of 0.1% in 2017 alone.


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    Additional Insights for the Flour Milling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Flour Milling Industry are

  • Supply contracts in place for key inputs
  • Marketing of differentiated products
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Per capita wheat flour consumption in the Flour Milling industry impact industry performance..

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    Industry Products

    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. Operators then convert these inputs into flour, gluten, cereal groats and malt and sell such products to grocery wholesalers or other food-related industries.

    Industry Products
    Flour products
    Rice milling
    Cereal groats
    Other products
    Malt manufacturing
    Industry Activities
    Producing flour from wheat
    Producing flour from corn
    Producing flour mixes from a variety of grain crops
    Milling rough rice
    Producing malt from a variety of cereal grains
    Producing meal and animal feed

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Per capita wheat flour consumption
  • World price of wheat
  • Trade-weighted index
  • Healthy eating index
  • Demand from food manufacturing

  • Current Performance
  • Consumer trends fail to boost revenue
  • Joint ventures
  • Increased global competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Crop prices and income levels
  • Consolidation spurs growth
  • Global trade
  • Table: Flour Milling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Flour Milling Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Bread Production
  • Cookie, Cracker & Pasta Production
  • Tortilla Production
  • Breweries
  • Distilleries
  • Grocery Wholesaling
  • Supermarkets & Grocery Stores
  • Chain Restaurants
  • Single Location Full-Service Restaurants
  • Food Service Contractors

  • Key Selling Industries
  • Corn Farming
  • Corn, Wheat & Soybean Wholesaling
  • Rice Farming
  • Wheat, Barley & Sorghum Farming

  • Products & Services
  • Flour products
  • Rice milling
  • Other products
  • Cereal groats
  • Malt manufacturing
  • Chart: Flour Milling Industry Products and Services Segmentation

  • Demand Determinants
  • Health-conscious consumers
  • Technology

  • Major Markets
  • Grocery Wholesalers
  • Other
  • Bread manufacturers
  • Prepared and frozen food manufacturers
  • Animal food manufacturers
  • Exports
  • Cookie, cracker and pasta manufacturers
  • Chart: Major Market Segmentation for the Flour Milling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Flour Milling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Flour Milling Industry

  • Industry Globalization
    Major Companies
    Ardent MillsArcher Daniels Midland Company
  • Table: Ardent Mills - financial performance
  • Table: Archer Daniels Midland Company - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Flour Milling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Flour Milling Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Per capita wheat flour consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Durum Wheat
  • A type of wheat that has dark colored kernels and is mostly used for bread and pasta manufacturing.
  • Malt
  • A grain product mainly used for brewing and distilling that mostly comes from barley.
  • Rice Milling
  • A process of removing the husk, bran layer and germ of rice.
  • Vertical Integration
  • Owning different parts of the supply chain, either in the form of forward integration (owning upstream suppliers) or backward integration (owning downstream buyers).
  • Wholesale Bypass
  • A popular trend in retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • Why buy this report?

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    • Identify threats and opportunities
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    This report on Flour Milling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Flour Milling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Flour Milling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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