The Global Cereal Ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Cereal Ingredients Market is estimated to be 730 USD million and predicted to rise to 870 USD million with a CAGR of 3.5%. The market is segmented by Type (Wheat, Rice, Oat, Corn, Barley), by Application (Hot Breakfast Cereal, Cold Breakfast Cereal). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market is mainly driven due to cereals being used in ready-to-eat items, which makes them an ideal choice for the working-class section of the population. Also, increasing consumer awareness about the health benefits of cereals is making consumers choose this nutritive option over the other unhealthy items. This has a positive influence on the overall industry. The market growth is feared to be restrained due to lack of research in genomics to improve the quality of cereal grains and ever increasing prices of cereal ingredients.
Global market for Cereal Ingredients is segmented based on type and application. By type, the market is further sub-segmented into Wheat, Rice, Oat, Corn, Barley. By application, the market is further sub-segmented into Hot Breakfast Cereal, Cold Breakfast Cereal.
Geographically, Global market for Cereal Ingredients is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the largest market for Cereal ingredients in terms of market share contribution in the global market. Europe trails just behind, with the second largest share in the global market. Asia-Pacific is expected to witness highest growth owing to factors like economic developments paired with increasing urbanization.
Kerry Group, Ricebran Technologies, Associated British Food Plc, Archer Daniels Midland Company, Bunge Limited, SunOpta Inc Cargill Inc. Cereal Ingredients Inc., Kellogg Company, Nestle S.A, are the major players of Global Cereal Ingredients market.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-cereal-ingredients-market-1022/” and checkout our recent reports in the Ingredients category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/food-ingredients-10/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.