In 2023, the US imported milling products including malt, starches, inulin, and wheat gluten valued at approximately 2.35 billion USD. The forecast for 2024 to 2028 shows a steady year-on-year growth, with import values escalating from 2.3943 billion USD in 2024 to 2.6539 billion USD by 2028. The calculated compound annual growth rate (CAGR) over this period is also consistent, underlining a stable growth trajectory in this sector.
Future trends to watch for include:
- Changes in global supply chain dynamics impacting import costs.
- Technological advancements in the production of alternatives potentially moderating demand.
- Shifts in consumer preferences toward gluten-free products possibly reducing wheat gluten imports.