(Entertainment-NewsWire.com, August 16, 2018 ) Cereal Ingredients market has been estimated at USD 730 Million in 2018 and is projected to reach USD 870 Million by 2023, at a CAGR of 3.5% during the forecast period from 2018 to 2023.
Cereal Ingredients employed in the trade these days include rice flakes, rice chunks, wheat flakes, corn puffs, oat grit, corn chunks, wheat chunk, and different kinds of grains. There is a growing demand for cereal in the international markets that is created by combining multiple varieties of grains as well. The rising proportion of working population in the world and increasing demand for ready to eat food act as other the key factors that promote the expansion of the market.
The rising awareness among individuals across the world regarding the nutritional worth of cereal is the key reason behind the expansion of the market.
The utilization of cereal as breakfast is expected to extend by many times within the forecast time period. Such breakfast helps in maintaining the style and additionally the wholesome quality of the food. The high inflation leading to costlier raw materials for preparation of food directly transforms into the inflated preference of cereal as a healthier breakfast choice.
Improvement in memory, balanced blood cholesterol and body insulin levels, physical activeness and low risk of being overweight act as some of the advantages of wholesome breakfast cereals. The increasing prevalence of obesity additionally makes individuals select cereal as a nutritive food alternative over junk foods like pizzas and burgers across the globe. Asia-Pacific is anticipated to witness the very best growth attributable to factors like economic developments paired with increasing urbanization.
Geographical Segmentation:
Geographically, the world marketplace for Cereal Ingredients is classified into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is that the largest marketplace for Cereal ingredients in terms of market share contribution in the overall international market. This is often reasoned with the widespread use of cereal within the region as breakfast.
The top players in the global Cereal ingredients Market include Associated British Food Plc, Kerry Group, Ricebran Technologies, Archer Daniels Midland Company, Cargill Inc. Cereal Ingredients Inc., Kellogg Company, Bunge Limited, SunOpta Inc., and Nestle S.A.
