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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
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2024 U.S. Industry Statistics & Market Forecast - Flour Milling
Market Size & Industry Statistics
The total U.S. industry market size for Flour Milling:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The flour milling industry is experiencing various trends that are impacting its operations and profitability. One of the significant trends affecting this industry is the increasing demand for clean label products. Consumers are becoming more health-conscious and demanding food products that contain natural and wholesome ingredients. As a result, flour millers are investing in technology to produce clean label flour, which is free of additives and chemicals.Another significant trend in the flour milling industry is the emergence of gluten-free products. With an increase in celiac disease cases and consumers seeking gluten-free diets, flour millers are investing in gluten-free technology and facilities. The rise of non-wheat flours, such as rice, corn, and oat flour, is another trend in the flour milling industry. Millers are diversifying their product lines with non-wheat flours to cater to the demand of gluten-free and health-conscious consumers.
With ever-increasing competition, flour millers are also focusing on improving operational efficiency through technology and automation. They are investing in the latest software and equipment that can improve their processes, reduce waste, and increase profitability. Finally, sustainability is also becoming a trend in the flour milling industry. Millers are adopting sustainable practices in their operations, including energy efficiency and eco-friendly packaging, to create a more sustainable future. These trends are sure to impact the flour milling industry in the years to come.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Flour Milling company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Flour Milling industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Flour Milling measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 7% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 3% | |||
Office and Administrative Support Occupations | 7% | |||
Installation, Maintenance, and Repair Occupations | 9% | |||
Other Installation, Maintenance, and Repair Occupations | 8% | |||
Production Occupations | 46% | |||
Food Processing Workers | 9% | |||
Miscellaneous Food Processing Workers | 9% | |||
Food Batchmakers | 7% | |||
Other Production Occupations | 30% | |||
Crushing, Grinding, Polishing, Mixing, and Blending Workers | 7% | |||
Packaging and Filling Machine Operators and Tenders | 11% | |||
Packaging and Filling Machine Operators and Tenders | 11% | |||
Transportation and Material Moving Occupations | 14% | |||
Material Moving Workers | 13% | |||
Laborers and Material Movers | 7% |
Flour Milling Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Flour Milling industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Flour Milling industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Flour Milling industry. |
Source:
Innovation News
- Jan 06, 2024: Bektrom Foods trademarks "GOURMET SELECT" - Salt; spices; seasonings
- Oct 17, 2023: Blend Pak trademarks "RUNION'S BREADING & FRY MIX" - Seasoned coatings for food
- Oct 02, 2023: Blend Pak trademarks "RUNION'S" - Seasoned coatings for food
- Apr 04, 2019: Bloomfield Farms patents Baking Mix And Methods Of Making Same
Recent Federal Contracts for Flour Milling- Apr 02, 2024: SHAWNEE MILLING COMPANY (Shawnee, OK) awarded $14,796
- Mar 21, 2024: SEMO MILLING LLC (Scott City, MO) awarded $1,008,427
- Mar 21, 2024: DIDION INC (Sun Prairie, WI) awarded $305,453
- Mar 20, 2024: MILLSTONE MILLS INC (La Porte, IN) awarded $1,698,555
- Mar 12, 2024: BUNGE MILLING, INC. (Saint Louis, MO) awarded $267,935
- Mar 07, 2024: ARDENT MILLS, LLC (Denver, CO) awarded $192,175
- Apr 02, 2024: SHAWNEE MILLING COMPANY (Shawnee, OK) awarded $14,796
- Mar 21, 2024: SEMO MILLING LLC (Scott City, MO) awarded $1,008,427
- Mar 21, 2024: DIDION INC (Sun Prairie, WI) awarded $305,453
- Mar 20, 2024: MILLSTONE MILLS INC (La Porte, IN) awarded $1,698,555
- Mar 12, 2024: BUNGE MILLING, INC. (Saint Louis, MO) awarded $267,935
- Mar 07, 2024: ARDENT MILLS, LLC (Denver, CO) awarded $192,175
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