Flour Rice And Malt Industry 2020 is excepted to reach $169.5 billion in 2023

The flour, rice & malt market consists of sales of rice flour, barley flour, buckwheat flour, durum flour, fruit flour, graham flour, oat flour, potato flour and rye flour by entities (organizations, sole traders and partnerships) that mill flour or meal from grains or vegetables, prepare flour mixes or doughs from flour, mill, clean and polish rice and produce malt from barley, rice and other grains. The companies in the flour, rice & malt industry process raw materials into flour, rice & malt products, package and distribute them through various distribution channels to both individual customers and commercial establishments.

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The global flour, rice and malt market is expected to grow from $136.9 billion in 2019 to $140.2 billion in 2020 at a compound annual growth rate (CAGR) of 2.4%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $169.5 billion in 2023

Flour milling companies are using milling equipment with advanced sensor technologies to improve production efficiency. These sensors continuously measure the particle size distribution in the ground product and automatically adjust the milling gap. This results in consistent flour quality with minimized energy consumption. In addition, modern sensor technologies are also capable of continuously monitoring the temperature of rollers and bearings, thus ensuring maximum operational safety and production uptime. For example, Antares Plus roller mill developed by Buhler, a Swiss supplier of flour production plants, uses advanced sensors to optimize flour production.

Companies Mentioned: Archer Daniels Midland Company; ConAgra Brands Inc.; Cargill; Bunge Limited; Riceland foods Inc