No rain, no grain: Drought conditions on the east coast have limited revenue growth

Firms in the Flour and Grain Mill Product Manufacturing industry produce flour, malt and other milled grain products. The industry is highly concentrated, with the largest player, Manildra Milling, expected to account for over a quarter of industry revenue in the current year. Greater domestic demand for artisan and premium grain products have supported the industry over the past five years. Industry operators have benefited from increasing economic prosperity in Asian markets, such as Vietnam, and rising demand for high-quality Australian products in countries such as the United Arab Emirates. The depreciation of the Australian dollar over the past five years has also boosted the industry's competitiveness in export more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Industry growth has stemmed from export markets and greater demand for premium grain products
  • Drought conditions have limited the supply of grain and rice for many industry operators
  • Growing demand for premium products, such as gluten-free flour, will likely boost profit margins
  • Industry Report - Industry Locations Chapter

    Flour and grain mill product manufacturers are located in both metropolitan and regional areas. Metropolitan manufacturers are located close to downstream markets, such as wholesalers and food manufacturing industries. A metropolitan location also allows for proximity to ports, which provide access to imported inputs and reduced transport costs associated with the export of mill output. In other instances, enterprises are located in wheat-growing areas to be close to key inputs. Manildra, for example, operates mills in the New South Wales wheat belt.New South Wales accounts for the majority of enterprise numbers, reflecting its position as a major grain-growing area. It ...purchase to read more.

    Additional Insights for the Flour and Grain Mill Product Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Flour and Grain Mill Product Manufacturing are:

  • Supply contracts in place for key inputs
  • Economies of scale
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from supermarkets and grocery stores in the Flour and Grain Mill Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Flour and Grain Mill Product Manufacturing Industry?

    Industry manufacturers mill flour or meal intended for human consumption from grains, vegetables or plants. Processes include blending and cleaning grains, applying heat, and using a succession of rollers to produce a range of flour grades. The industry also manufactures rice, rice flour, rice starch, sago, tapioca and baking powder.

    Industry Products
  • Rice
  • Flour
  • Other flour mill products
  • Starch and gluten
  • Malt
  • Industry Activities
  • Barley meal or flour
  • Gluten
  • Dextrin, dextrose and glucose
  • Rice
  • Malt
  • Rye flour or meal
  • Semolina
  • Starch and starch sugar
  • Wheat flour, germ, meal and bran
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from supermarkets and grocery stores
  • Demand from food product manufacturing
  • Demand from general line grocery wholesaling
  • Domestic price of wheat
  • Rice production

  • Current Performance
  • Profitability
  • International trade
  • Changing consumer tastes
  • Wheat prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability
  • Domestic consumer trends
  • International trade
  • Industry structure
  • Table: Flour and Grain Mill Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Flour and Grain Mill Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cereal, Pasta and Baking Mix Manufacturing
  • Bread Production
  • Cake and Pastry Manufacturing
  • Beer Manufacturing
  • General Line Grocery Wholesaling
  • Supermarkets and Grocery Stores

  • Key Selling Industries
  • Cereal Grain Wholesaling
  • Grain Growing

  • Products & Services
  • Other flour mill products
  • Flour
  • Starch and gluten
  • Rice
  • Malt
  • Chart: Flour and Grain Mill Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food processors
  • Wholesalers and retailers
  • Export markets
  • Other markets
  • Breweries
  • Chart: Major Market Segmentation for the Flour and Grain Mill Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Flour and Grain Mill Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Flour and Grain Mill Product Manufacturing Industry

  • Industry Globalization
    Manildra Milling Pty Ltd, Food Investments Pty Limited, Ricegrowers Limited, PFG TopCo1 Pty Ltd, Cargill Australia Limited,
  • Table: Manildra Milling Pty Ltd - financial performance
  • Table: Food Investments Pty Limited - financial performance
  • Table: Ricegrowers Limited - financial performance
  • Table: PFG TopCo1 Pty Ltd - financial performance
  • Table: Cargill Australia Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Flour and Grain Mill Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Flour and Grain Mill Product Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A form of starch derived from plants, typically used as a thickener in food production.
  • Flour
  • A fine powder produced by grinding and sifting the meat of grains, chiefly used in baking foods.
  • Gluten
  • A mix of plant proteins derived from cereal grains like wheat, mainly used as a substitute for flour in food production.
  • Malt
  • Processed cereal grain that has been germinated and dried, primarily used in brewing and distilling. Malt can be produced from barley or other grain.
  • Starch
  • A natural nutrient carbohydrate derived from a variety of plants (such as corn, potatoes, rice and wheat), normally prepared as a powder for use in food production.
  • Starch Sugar
  • Type of sugar produced from large quantities of starch. Sugar can be produced from starch using acid or enzymes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Flour and Grain Mill Product Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Flour and Grain Mill Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Flour and Grain Mill Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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