17-Aug-2020 | Zion Market Research
The global cereal ingredients market is projected to witness a CAGR of around 7.9% during the forecast period from 2020 to 2026, as per the recent report published by Zion Market Research. Few of the key players active in the global cereal ingredients market include Kerry Group Plc, Ricebran Technologies, Bunge Limited, Associated British Foods Plc, Cargill Inc., Archer Daniels Midland Company, Cereal Ingredients Inc., Limagrain, Sunopta Inc., and Sensoryeffects, among others. The main element of the growth strategies applied by these firms is research and development as they seek to develop new cereal ingredients and set a firm position in the global market.
Rising Demand For Cereal Food To Drive The Global Cereal Ingredients Market Growth
The growth of the global cereal ingredients market is mainly driven by the rising demand for cereal foods among people. Further, the growing acceptance of nutritional food and rising consumption of convenient (ready-to-eat) food are also expected to propel the demand for the cereal ingredients; thus boosting the market growth as well. In addition, the rising use of cereal grains for animal husbandry and poultry is also anticipated to fuel the market growth in the coming period. Moreover, increasing disposable income together with altering food habits are also expected to fuel the global market growth. Additionally, the market is also anticipated to boost owing to the increasing consumption and popularity of cereal ingredients in beverage manufacturing, eventually rising the requirement for barley, wheat, and other cereal grains.
The global cereal ingredient market is bifurcated based on type, application, and region. The type segment of the market is categorized into wheat, oats, rice, corns, and barley. Wheat cereal ingredient segment is further sub-classified into wheat puff, wheat flake, wheat grit, wheat chunk, wheat others, while rice cereal ingredients segment is sub-categorized into rice puffs, rice flake, rice chunks, rice grit, and rice others. The barley cereal ingredients segment is sub-divided into barley chunks, barley puffs, barley flakes, barley grits, and others, whereas oats cereal ingredients segment is sub-segmented into oats flakes, oats grit, oats chunks, oats puffs, and others. The corn cereal ingredients segment is sub-categorized into corn flakes, corn chunks, corn grits, corn puffs, and others. The application segment of the global cereal ingredients market is divided into cold cereal and hot cereal.
Rising Demand For Nutritional Food Among People To Help North America Dominate The Global Market
In terms of revenue, the global cereal ingredients market is ruled by North America and is anticipated to stay governing during the forecast period as well. This regional growth can be attributed to the increasing demand for nutritional and natural food among customers in North America. Also, the Asia Pacific market is projected to show lucrative growth during the forecast period in terms of revenue, because of the rising alertness about the advantages of cereal ingredient consumption in the diet.
Browse the full “Global Cereal Ingredients Market -By Application (Cold Cereal And Hot Cereal), By Type (Wheat, Oats, Rice, Corns, And Barley), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/cereal-ingredients-market
The global cereal ingredients market is segmented as follows:
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