Global Cereal Ingredients Market to Grow due to Increasing Consumption of Cereals as Primary Food
A new research report by Transparency Market Research highlights recent advancements and key factors driving the global cereal ingredients market. The consumption of cereals, a rich source of minerals, vitamins, protein, fats, and carbohydrates, is increasing consistently. In many developing nations, cereal ingredients including millet, wheat, and rice are considered to be the sources of daily nourishment. The consumption of cereals in most of the developed nations is variable and moderate owing to the rising inclination towards junk food and fast food. However, considering the growing awareness, people are consuming cereals in many forms. This is expected to propel the global cereal ingredients market.
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The report, titled “Cereal Ingredients Market – Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2024,” states that the global market is primarily benefited from the rising demand for cereal grains from the livestock industry. The demand for cereals such as oats, rice, maize, wheat, barley, and sorghum is increasing at a considerable rate. Cereals find applications in biofuel, breakfast cereals, brewing, and animal feed. The consumption of various cereals, as a staple food is increasing in developing nations. All these factors are predicted to propel the global cereal ingredients market.
The consumption of beer is increased in many regions. The consistently rising consumption of beer is expected to escalate the demand for cereals such as oats and barley. The growing food and beverages industry is another important factor likely to propel the global demand for cereals. Although the global cereal ingredients market is expanding considerably, it is expected to face certain challenges. Contamination of cereals by rusts, pests, smuts, and mycotoxins is the biggest challenge for the market. Lack of research activities to enhance the quality of cereals is another point of concern for key manufacturers. These factors are expected to hamper the growth of the global cereal ingredients market. Prominent players operating in the market are aiming to improve cereal crop breeding procedures to improve the quality of cereals.
For a competitive analysis, the global cereal ingredients market is regionally divided into Eastern Europe, Western Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. As key companies are spread across all regions, the global market for cereal ingredients is highly competitive and fragmented in nature. Rising demand for breakfast cereals in India, Indonesia, and China has helped Asia Pacific to be the leading regional segment in the global market.
With new cereal ingredients being consistently manufactured by key companies, the global market is expected to be more competitive in the years to come. Some of the key companies featured in the report are Cereal Ingredients Inc., Nestle S.A., Kellogg Company, and Kashi Company.