PUBLISHER: Orion Market Research | PRODUCT CODE: 1159267
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159267
Global Cereal Ingredient Market Size, Share & Trends Analysis Report by Ingredient Type (Wheat, Oats, Barley, Corn, Millet, Sorghum, and Others) By Distribution Channel (Online, and Offline) Forecast Period (2022-2028)
The global cereal ingredient market is anticipated to grow at a substantial CAGR of around 4.9% during the forecast period. The growing prevalence of health issues is expected to derive the global cereal ingredient market as cereal ingredients have the potential to diminish the health related issues. The product developers are focused towards developing cereal ingredients that can help them to maintain digestive health. Further, Various cereals are full of refined carbohydrates and added sugars, so if someone is looking for healthy food, they should always focus on nutrition label and ingredient list in order to check the benefits of a cereal product. The cereal ingredients can be healthy and prevent from health issues only if right ingredients are being selected for the meal.
The global cereal ingredient market is segmented based on the ingredient types, and distribution channel. Based on the ingredient type, the market is sub-segmented into wheat, oats, barley, corn, millet, sorghum, and others. In the global cereal ingredients market, the demand for corn has increased over the period due to the benefits it provides to human health. Corn contains several vitamins and minerals. Corn is consumed in various ways such as corn oil as popular cooking oil, cornflakes, high fructose corn syrup and others. Due to increased consumption of cooking oil various companies are enhancing their product portfolio by adding corn which can result in rise in demand for cereal ingredients during forecast period. Moreover, based on distribution channel, the market is sub-segmented into online and offline.
Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Europe holds the considerable share in global cereal ingredient market due to increased preference towards natural and healthy breakfast in that region. For instance, Natural claims with no artificial ingredients in new cereal launches increased by 16% over the past five years.
The major companies serving the global cereal ingredient market include Associated British Foods plc., Cargill, Incorporated., Cereal Byproducts Co., CII, Codrico Rotterdam B.V., General Mills Inc., Glanbia plc, Healthy Food Ingredients, LLC. And others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, Arista Cereal Technologies and Limagrain Ingredients partnered to market a new wheat ingredient in Europe. The partnership aims at promoting the benefits of new wheat to the consumers in Europe
Research Methodology
The market study of the global cereal ingredient market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: