The global cereal ingredient market is anticipated to grow at a considerable CAGR of around 4.9% during the forecast period (2024-2031). The major factor driving the cereal ingredient market is the growing demand for organic cereals. Cereals are a rich source of many essential vitamins and minerals, and they can reduce the risk of developing certain diseases such as coronary heart disease, colon cancer, diabetes and others. Cereals are recommended as a part of a healthy diet. The Australian Guide to Healthy Eating recommends adults aged between 19 to 50 years eat six serves of cereal foods daily and most of which should be wholegrain. In older adults aged between 51 to 70 years, men and women should consume at least six serves and four serves of cereal foods respectively. The high demand for cereals in aged population is creating significant scope for the market growth.
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Further, cereals are rich in plant-based steroids and estrogen that increase the hormone estrogen and reduce the risk of breast cancer. Cereals also contain protein; however, the content of protein varies in each type of cereal. When cereals are consumed with pulses the quality of protein automatically improves due to mutual supplementation. As cereal consumption provides intake of high proteins and it is beneficial for overall health, the demand for beneficial cereal ingredients is expected to rise during forecast period.
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Market Coverage
- Segment Covered-
o By Ingredient Type
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- 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.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cereal Ingredient Market by Segment
By Ingredient Types
- Wheat
- Oats
- Barley
- Corn
- Millet
- Sorghum
- Others (Quinoa, Triticale, Rye)
By Distribution Channel
- Online
- Offline
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