The grain products market includes establishments involved in milling flour meal from grains or vegetables, preparing flour mixes or doughs from flour, milling, cleaning and polishing rice and manufacturing malt from barley, rice and other grains.
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The grain products market is valued at $267 billion in 2017 due to the increase in demand for grain-based food products owing to- increasing per capita income in emerging countries, changing consumer lifestyles, rising health concerns for high-protein flour, expanding grain farmlands in emerging countries and government initiatives.
The grain products market in The Business Research Company’s report is segmented into flour, rice & malt; and wet corn. Flour, rice & malt segment accounts for almost 60% of the market share, and the remaining is attributed to wet corn segment.
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China was the largest country in the grain products market in 2017, accounting for almost one-fifth of the market share. This was a result of the presence of many flour milling companies catering to a large population size of the country. China was followed by India and USA.
Archer Daniels Midland (ADM) was the largest company in the grain products market in 2017, followed by Ingredion Incorporated and Malteurop Group. ADM is an agricultural processor and food ingredient provider. ADM was incorporated in 1923 and is headquartered in Illinois, US.
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