The US rice milling turnover is projected to increase from $4.1368 billion in 2024 to $4.3351 billion by 2028, indicating steady growth. In 2023, turnover was estimated at approximately $4.1 billion. Year-on-year growth rates are modest, with each subsequent year showing an approximate increase of about 1.2% to 1.6%. Over the five-year period, the industry is expected to achieve a compound annual growth rate (CAGR) of around 1.2%.
Looking ahead, future trends to watch include technological advancements in milling processes, potential fluctuations in rice supply due to climate change, and changes in consumer preferences towards health-focused and sustainably sourced products. Monitoring these factors could provide strategic insights for stakeholders.
