The flour milling and malt manufacturing industry in Canada is witnessing a steady increase in closing inventories, with values projected to rise from CAD 340.78 million in 2024 to CAD 385.9 million in 2028. This reflects a consistent yearly growth trend, especially since the inventory stood at CAD 320 million in 2023. The year-on-year growth rates indicate a stable upward trajectory, with a Compound Annual Growth Rate (CAGR) demonstrating an average annual increase over this period.
Future industry trends to watch include:
- The impact of global supply chain disruptions and how they may affect inventory levels.
- Potential shifts in consumer demand towards more sustainable and organic products.
- Technological advancements in milling processes that could influence production efficiency and inventory management.