The global Grain Products market, a part of the healthcare industry, grew at a compound annual growth rate (CAGR) of around 3% during the historic period. The healthcare industry showed a steady growth. The growth is mainly due to the 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. Also, increased demand for bread in Asian countries such as China, India and Singapore is driving the demand for wheat flour.
In the forecast period, the global Grain Products market size is expected to be over $320 billion by 2021, growing at a CAGR of nearly 7%. This is expected due to the expected 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.
Find TBRC’s report on the Grain Products market: https://www.thebusinessresearchcompany.com/report/grain-products-global-market-report-2018
Flour milling companies are using NIR analyzers to improve production efficiency. Near Infrared (NIR) analyzer is an analytical instrument used to determine moisture, protein, fat and other parameters in a food sample. NIR analyzers used in flour mills analyze wheat and flour for moisture, protein and ash content. NIR analyzers monitor the grain in all the steps of a milling process and give real-time access to quality control parameters. Major companies in the Grain Products market, offering NIR analyzers technology include Archer Daniels Midland Company, Ingredion Incorporated, Malteurop Groupe, GrainCorp Malt, China Agri-Industries Holdings Limited, Bunge Limited, Agrana Beteiligungs-Ag, Boortmalt Gr. Axéréal, Malteries Soufflet, and Global Bio-Chem Technology Group Company Limited.
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