The Business Research Company’s Grain Products Global Market Report 2021 – COVID-19 Impact And Recovery
LONDON, GREATER LONDON , UK, September 30, 2021 /EINPresswire.com/ — The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the grain products market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the grain products market will recover from the shock across the forecast period as it is a ‘black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The global grain products market size is expected to grow from $314.87 billion in 2020 to $347.27 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact. The grain product market is expected to reach $473.17 billion in 2025 at a CAGR of 8%.
Read More On The Global Grain Products Market Report:
Major players covered in the global grain product industry are Archer Daniels Midland Company, Ingredion Incorporated, Malteurop Groupe, GrainCorp Malt, China Agri-Industries Holdings Limited.
Asia Pacific was the largest region in the global grain products market, accounting for 42% of the market in 2020. North America was the second largest region accounting for 24% of the global market. Africa was the smallest region in the global grain products market.
TBRC’s global grain products market report is segmented by type into flour, rice and malt, other grain products and by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, others.
Grain Products Global Market Report 2021 – By Type (Flour, Rice And Malt, Other Grain Products), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides grain products market overview, forecast grain products global market size and growth for the whole market, grain products market segments, and geographies, grain products market trends, grain products market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
Request For A Sample Of The Global Grain Products Market Report:
Here Is A List Of Similar Reports By The Business Research Company:
Flour, Rice And Malt Global Market Report 2021 – By Type (Flour, Rice, Malt), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce), COVID-19 Impact And Recovery
Snack Food Global Market Report 2021 – By Type (Potato Chips, Popcorn, Processed Snacks), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce), By Type (Extruded Snacks, Non-extruded Snacks), By Flavour (Salty, Tangy, Spicy), COVID-19 Impact And Recovery
Breakfast Cereal Global Market Report 2021 – By Type (Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce), By Product (Ready-to-Eat (RTE), Hot Cereals), By Packaging (Boxes, Pouches), COVID-19 Impact And Recovery
Interested to know more about The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
Or get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293