The North America Cereal Ingredients Market has been estimated at USD 240 Million in 2022 and is projected to reach USD 280 Million by 2028, at a CAGR of 2.90% during the forecast period from 2023 to 2028.
Cereal ingredients are mainly used in the breakfast cereals, due to its nutritional benefits. Also, these ingredients play a main role in maintaining the taste and nutritive quality in the food product. It helps in maintaining balanced cholesterol and insulin levels, and induces physical activeness. With the habit of skipping breakfast reducing gradually, the market for cereal ingredients is picking up very rapidly.
The market growth for cereal ingredients is said to be driven mainly due to factors like Increasing demand for healthier food, and increasing health issues like obesity and diabetes, due to which there is growing awareness in the consumers about both the disease condition and nutritional benefits of cereal products, due to which they are opting this healthier choice over the regular breakfast products. But, the market growth can be constrained due to high prices of cereal products.
North America 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 the North America Cereal Ingredients Market is segmented into US, Canada and Rest of North America. U.S.A is the largest market for Cereal ingredients in terms of market share contribution in the North America market. The demand for processed food is high in developed markets of U.S and Canada, which leads to a rise in breakfast cereals. Hence, the companies are planning to expand their product pipeline, and are trying to come up with innovative and interesting options and varieties in cereal products.
Key Players in the Market:
Major Key Players in the North America Cereal Ingredients Market are
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