Cereal Ingredients Market Future Outlook And Predictions 2023-2029

Published: 2024-10-23
Views: 113
Author: aishwaryammr
Published in: Business

Cereal Ingredients Market size was valued at US$ 362.35 Mn. in 2021 and the total revenue is expected to grow at through 2022 to 2029, reaching nearly US$ 466.19 Mn.

Cereal Ingredients Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Cereal Ingredients Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the market, with forecasts outspreading to the year 2030.

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Cereal Ingredients Market Scope and Methodology:

The report highlights a comprehensive overview of the Cereal Ingredients market. The report provides in-depth analysis of trends and highlights to help investors explore openings and develop marketing strategies. Primary and secondary data sources are used to collect data through qualitative and quantitative analysis. The initial interview is conducted with marketing experts. Some market experts were also interviewed to understand the important findings. Secondary sources include press releases, white papers, and tax and periodic reports. The report includes information on drivers, challenges, key market conditions and Cereal Ingredients market openings.

According to the report, Cereal Ingredients segments are used to analyze the Cereal Ingredients market and identify aspects that have both positive and negative impact on market growth. It also provides information on the areas expected to be most in demand in the Cereal Ingredients market. A SWOT analysis was conducted to identify the strengths and weaknesses of the Cereal Ingredients market, PESTLE was used to understand the prospective effects of the microeconomic factors affecting the Cereal Ingredients market.

Cereal Ingredients Market Regional Insights

Cereal Ingredients market is widely distributed in North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report includes a comprehensive analysis of all factors, market size, growth rate, and import and export by region. Regional analysis provides the market situation of the countries included in the report Cereal Ingredients.

Cereal Ingredients Market Segmentation

by Nature

• Organic
• Conventional

Naturally, Organic cereal ingredients are expected to dominate the food and beverage industry's demand from 2021 to 2029 due to consumers' growing preference for healthier food products. The demand for conventional cereal ingredients increased by 1.6% in 2018 as a result of manufacturers operating in the unorganized sector using more processed ingredients.

by Type

• Wheat
• Oats
• Barley
• Rice
• Others

Type-wise, Due to their ease of cultivation and processing, wheat and barley are predicted to continue to be the most widely utilized crops for the production of cereal ingredients between 2021 and 2029. According to cereal manufacturing companies in the US and Europe, the number of people adhering to stringent diet plans has increased, resulting in a 1.7% increase in demand for oats in 2021 compared to the period between 2016 and 2018.

Manufacturers of cereal ingredients in the Asia-Pacific region saw a 2.1% growth in demand for rice in 2018 due to the growing demand for healthy food products and large-scale production.

by Application

• Hot Cereal
• Cold Cereal
• Processed Cereal Food Products
• Others

Through Application, In the upcoming years, hot cereal is expected to continue to dominate the cereal ingredient market due to consumers' growing demand for nutrient-rich grains that prolong feelings of fullness. Between 2018 and 2021, the food and beverage industry's need for cereal ingredients to make cold cereals increased by 2.3% due to a rise in the number of people who are time-starved.

The companies that produce processed cereal food items saw a 2.5% increase in demand for cereal ingredients in 2021 compared to 2017, mostly due to consumers' growing preference for ready-to-eat food products and their greater need for nutrient-dense snacks. Cereal ingredients are used according to requirement by various bakery product manufacturers and home cooks.

by Distribution Channel

•Direct Sales
• Supermarket
• Convenience Store
• Specialty Store
• E-Commerce
• Others

Regarding Distribution Channel, Because direct sales are a low-cost and direct channel between the buyer and the manufacturer, they accounted for over 60% of the global cereal ingredients market's unorganized sector revenue in 2018.

Due to consumers' growing inclination for inexpensive cereal supplies, Specialty Stores now account for over 30% of the organized sector's revenue from the global cereal ingredients market. The sales of cereal ingredients through supermarkets increased by 2.6% in 2021 as a result of the wide range of items from various brands being housed under one roof.

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Cereal Ingredients Market Key Players

• Limagrain Ingredients
• Cereal Ingredients, Inc.
• Silvery Tweed Cereals
• Associated British Foods PLC
• Bunge Limited
• Tate & Lyle PLC
• Cargill, Inc.
• Archer Daniels Midland Company
• Kayem Foods, Inc.
• Kerry Group PLC
• Ingredion, Inc.
• Balchem, Inc.
• Treehouse Foods, Inc.
• Organic Milling
• PGP International
• Chr. Hansen Holdings A/S

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Key questions answered in the Cereal Ingredients Market are:

• What is Cereal Ingredients?
• What was the Cereal Ingredients market size?
• What is the growth rate of the Cereal Ingredients Market?
• Which are the factors expected to drive the Cereal Ingredients market growth?
• What is the CAGR at which the Cereal Ingredients market will grow during the forecast period?
• What are the different segments of the Cereal Ingredients Market?
• Which is the fastest growing region in the Cereal Ingredients market?
• What growth strategies are the players considering to increase their presence in Cereal Ingredients?
• What are the upcoming opportunities and trends for the Cereal Ingredients Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Cereal Ingredients Market?
• Who are the leading companies and what are their portfolios in Cereal Ingredients Market?
• What segments are covered in the Cereal Ingredients Market?
• Who are the key players in the Cereal Ingredients market?

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Key Offerings:

• Market Size, Share, Size & Forecast by different segment
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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