The global Cereal market is projected to reach US$ 65.1 Bn by 2032, growing at a CAGR of 48%
Cereal is a form of food product made from cereal grain which is generally eaten as a breakfast in the western countries. In daily routine, breakfast is measured one of the most needed meal of the day. Cereal is an important source of fiber and carbohydrates. Increasing request from the animal feed industries and food industries, the decreasing farmland, and the growing biofuel demand are key factors driving the global cereals market. A cereal breakfast is a pre-packaged food product that comprises honey, oats, dry fruits, puled rice, wheat, corn, and nuts.
The cereal market report offers detailed study about the market analysis, current trends, key majors, and future scope. This report also covers details about the consumption, production, and cereals market share on the basis of different regions.
Rising health anxieties and growing health issues such as digestive disorders, diabetes, and obesity are adding the progress of cereal market in the region. Furthermore, product and packaging inventions with rising demand rate in various countries are anticipated to play a major role in growing the request for such products in upcoming years. UK cereals market 2017 projected 6 million individuals used Kellogg's Corn Flakes in the region. Western India has one of the leading cereals market share followed by south and north.
The global cereals market is segmented on the basis of ingredient type, product type, geography, and distribution channels. By product, the cereal market is sub-segmented into Ready-To-Eat cereals (RTE) and hot cereals. RTE cereals estimated for the growing share basically in Europe and North America regions. The hot cereal segment is projected to promise a high expansion in the Asia-Pacific region. Wheat, rice, corn, oats, and barley are the major ingredients can find in cereals, wherein wheat based stuffs valued for a significant reveal of the global market-place demand.
Cereals are increasing huge growth in the baby food because of the easy preparation and nutritional value. Premiumization is the most important trends which is growing its drive in the established regions in the global cereal market.
Global Cereal Market: Growth
The global cereals market has rising huge development in the recent years. The presence of gluten costless cereals have powered the progress in the obligation for cereals market across the globe. Increasing demand for Ready-To-Eat breakfast has been the most important factor for the growth of cereals market.
Global cereal market: Key players
- General mills
- Natural foods Company
- Carman’s Fine Foods
- Family cereal
- Post holdings
- TreeHouse Foods
- MCKEE FOODS
- Nature’s path food
Global cereal market: Segmentation
- Ready-to-Eat cereals
- Hot cereals
By Supply Channels
- Online channels
- Convenience channels
- Supermarkets and Hypermarkets
- North America
- Asia Pacific
- Latin America
- The East and Middle Africa