World Grain Mill Product Market to Grow 3.2% annually from 2015 to 2019

Date: 2015-08-12

Global demand for grain mill products is forecast to expand 3.2% p.a. between 2015 and 2019. China, India, Morocco, Nigeria and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global grain mill product industry is forecast to reach 3.2% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 10.6%. Currently, rice accounts for 61.0% of the global demand while the remaining market share is divided between cereal flours (10.0%), cereal meal and groats (1.6%), cereal pellets (0.1%), other worked cereal grains (2.9%), meal and flour of legumes, citrus, nuts, roots and tubers (1.6%) and other grain mill products (22.7%).

China, India, Japan, Nigeria and the United States represent the largest grain mill product markets while the strongest annual growth is forecast to occur in India (9.2%), Morocco (8.1%), Ethiopia (6.4%), Poland (5.8%) and Azerbaijan (5.4%).

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential grain mill product markets in the coming years are:

Ranking

Country

Market Potential Rate

1

China

0.74

2

India

0.30

3

United States

0.15

4

Nigeria

0.11

5

Morocco

0.10

6

South Korea

0.07

7

Poland

0.07

8

Ethiopia

0.07

9

Japan

0.06

10

Bangladesh

0.06

11

Azerbaijan

0.06

12

Czech Republic

0.05

13

Germany

0.05

14

United Kingdom

0.04

15

Colombia

0.04

16

Mexico

0.04

17

Turkey

0.04

18

France

0.03

19

Bolivia

0.03

20

Italy

0.03

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