(EMAILWIRE.COM, January 11, 2019 ) The Business Research Companys global grain products market, covers the year-on-year growth of the global grain products historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.
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The global grain products market is forecast to grow at a CAGR (compound annual growth rate) of around 7 % to 2022.
Grain Products Market Trends
NIR analyzers to improve flour milling, automation in rice milling and innovative sensor technologies to improve yield are the major trends witnessed in the global grain products market. With increased demand for bread in Asian countries such as China, India and Singapore is driving the demand for wheat flour, the scope and potential for the global grain products market is expected to significantly rise in the forecast period.
Asia Pacific had the highest CAGR (compound annual growth rate) of 8.6% during 2013-2017; this region is expected to grow at a CAGR of 9.2% during 2017-2021. This was mainly due to the rapid increase in population in China, India, Pakistan, Malaysia, and other Asian countries, rising disposable income, increasing urbanization, and new government initiatives to provide subsidized grain products.
The global grain products is primarily driven by increased demand for wheat, rice, barley, oat and corn, primarily in developing countries, increasing population in many Asian countries, growing usage of grain products in the manufacturing of bread and other bakery items and rising awareness about gluten-free products.
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The global grain products market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With emergence of new technology in grain products extraction and increased demand the global grain products market is expected to increase in potential and scope. TBRCs report also covers the global grain products market report drivers and restraints in the market.
The global grain products market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global grain products report are Archer Daniels Midland Company, Ingredion Incorporated, Malteurop Groupe, GrainCorp Malt, China Agri-Industries Holdings Limited
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