Europe Cereal Ingredients Market

Europe Cereal Ingredients Market Growth and Forecast (2023 - 2028):

The Europe Cereal Ingredients Market was worth US$ xx million in 2022, and it is estimated that it will reach a valuation of US$ xx million by 2028 with an annual development rate of xx% between 2023 and 2028.

Market Overview:

The ingredients in cereals are used in food and are a key source of energy for humans. Additionally, grains are grown in nearly half of the world's producing regions and provide nearly a quarter of the total calories in your daily diet. Additionally, cereal-based foods are the major contributors of protein, strength, and dietary fiber worldwide. There is very little iron content in cereal that helps carry oxygen to the blood. In addition to this, the soluble fiber in the composition of the grain reduces blood cholesterol. The key components of grains such as rice, wheat, barley, corn, and oats are a rich source of minerals, fats, proteins, vitamins, carbohydrates, and oils. The components of cereals are an important part of the diet of humans and livestock, and the same market has established itself over the years. In many developing countries, most of their daily life depends on cereals in the form of rice, wheat, millet or maize.

Europe Cereal Ingredients Market Growth:

Cereal crop improvement techniques and genetic improvements to improve crop quality are some of the future market opportunities that could help drive market growth in the forecast period.

Drivers:

The growth of the healthy lifestyle and eating habits of people will drive the growth of the Europe cereal ingredients market during the forecast period. The growth of the regional market is largely due to the increasing demand for grain foods among people. In addition, the growing health problems derived from the intake of highly processed foods have caused a huge increase in the demand for cereal ingredients in the coming years. On the other hand, rapid urbanization and increased awareness have changed the eating habits of customers towards safe and healthy food consumption. Wide access to cereal ingredients and their use in countless industries will further highlight the expansion of the market over the next few years. Apart from this, the growing trend of organic diet will drive the growth of the market for the expected time. The high prevalence of obesity among children is one of the main concerns that clouds the minds of parents today. The growing awareness of the importance of eating healthy and nutritious food may be due to the high incidence of lifestyle-related diseases. As a result, many people recommend that children eat cereal for breakfast instead of the typical high-calorie breakfast. Much of the demand for cereals comes from urban populations, and they tend to consume healthier foods due to more information and abundance than people in developing countries. The high preference for ready-to-eat breakfast cereals can be attributed to today's busy lifestyle, where people don't have time to prepare meals. It is also expected to stimulate future market growth as the use of grains for livestock and poultry increases. As the acceptance of nutritious foods increases and the consumption of prepared foods increases, the demand for cereal ingredients is also expected to increase. Therefore, it also promotes market growth. Also, increased disposable income coupled with changes in eating habits is expected to drive the growth of the European market. The market is also expected to grow as consumption and popularity of grain components in beverage manufacturing increases, eventually increasing demand for barley, wheat, and other grains.

As the Cereal Ingredients market develops, the spread of health issues is expected to contribute to the growth of the market. The combination of increased demand for processed foods and the preparation of healthy nutritious meals is expected to drive the market. Cereal ingredients are expected to be preferred over other breakfast options such as toast, high-calorie spreads, bread, and meat-based dishes due to their high nutritional value compared to others. Huge and rapid market growth in the food ingredients sector can be expected in the future. The main ingredients of cereals include corn flakes, wheat flakes, rice flakes, rice lumps, wheat chunks, oat grit, corn flakes, barley flakes, and corn chunks. Changes in eating habits, mainly in developing countries, are expected to drive market demand during the forecast period. Consumers' eating habits and healthy eating habits are becoming the market for cereals. Population growth, coupled with increasing demand for natural and nutritious foods for processed foods, is expected to drive market growth in the future. There are growth opportunities for high fiber products that can promote better health. Product acceptance by the consumer should be an area of focus that deserves the utmost attention from new players in the Europe Cereal Ingredients Market. The invention of new technologies for grain processing will help to improve their use and potential for health.

Restraints:

The high price of packaging has a negative impact on the cereal ingredients market. The most commonly used packaging materials are cardboard, plastic and cardboard boxes. Significant protein destruction occurs during grain extrusion, resulting in poor grain quality. This factor is expected to hold the market back during the forecast period. In addition, fluctuations in commodity prices are expected to constitute a major barrier to the growth of the world market for grain commodities. Market growth is mainly hampered by fluctuations in commodity prices, followed by other reasons such as contamination and destruction of commodities by pests and contamination of cereals and cereal products.

Impact of COVID 19 on the Europe Cereal Ingredients Market:

The impact of COVID-19 disease is increasing globally and has been impacting the growth of the food and beverage industry ever since. The food processing sector is severely hampered by pandemics around the world, as food processing is halted in most countries or operating with low production capacity. This further limited the production of cereal ingredients. Besides, the supply of grains like rice, barley, wheat and oats has been declined because of the disruptions in supply chain and logistics. Therefore, the COVID-19 outbreak has a moderate to high impact on the Cereal Ingredients market.

Europe Cereal Ingredients Market Segmentation Analysis:

The Europe Cereal Ingredients segmented as two parts according to type and application.

By type, Europe Cereal Ingredients market is segmented into oats, wheat, corn, rice and barley. Wheat cereal ingredient segments are subdivided into wheat flakes, wheat flakes, wheat chunks, wheat guitars, and wheat grit. The rice cereal ingredients segment is subdivided into rice flakes, rice buns, rice grains, rice chunks and other types of rice. The barley cereal ingredient segments are subdivided into barley flakes, barley lumps, barley flour, barley flakes, etc., and the oatmeal cereal ingredient segments are subdivided into oat flakes, oatmeal, pieces of oatmeal, etc. The corn grain ingredient segments are subdivided into corn chunks, corn flakes, corn flakes, corn flour, and more.

By application the Europe Cereal Ingredients market is segmented into hot and cold cereals.

Regional Analysis:

Geographically the Europe Cereal Ingredients Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Europe was the fastest-growing region for the cereal ingredients market. Significant growth can be expected in both developed and developing countries. Countries are expected to face huge market demand for Cereal Ingredients due to improving economic conditions, population growth, healthy eating habits, and increased disposable income.

Key Players in the Market:

Major Key Players in the Europe Cereal Ingredients Market are

• ADM
• Kerry Group
• Associated British Foods
• Bunge
• Sunopta Inc
• ABF Plc
• Cereal Ingredients Inc
• Ricebran Technologies
• Bunge Limited
• Archer Daniels Midland Company
• Limagrain