Cereals have an extended history of use by humans. Cereals are staple foods and are imperative sources of nutrients in both established and emerging economies. Cereals and cereal ingredients are key source of energy, carbohydrate, protein and fibre, as well as comprising a mixture of micronutrients such as vitamin E, some of the B vitamins, magnesium and zinc. Cereal as a breakfast option is consumed in several nations around the globe as the health benefits of cereal cannot be denied.
The market for cereal ingredients holds huge scope for growth. In developed countries, on the other hand, the intake of cereal ingredients is modest. Nevertheless, owing to the mounting consumption of breakfast cereals, the cereal ingredients market in these countries continues to report steady growth.
Market Dynamics- Global Cereal Ingredients Market
The ever-increasing fast food culture has been playing a significant role in mounting the demand of Cereal Ingredients and likely to see its effects over the forecast period. Owing to unique flavours, processed Cereal Ingredients is utilized in local cuisines as well apart from obvious application in fast food. Moreover, rising urbanization and growing out of pocket expenditure all over the world coupled with inclining consumer trends towards authentic, natural Cereal Ingredients are some of the drivers that are anticipated to lift up the market over the years to come. Another contributing factor to Cereal Ingredients popularity in the United States has been mainstream acceptance of ethnic cooking, such as Italian and Mexican, which use substantially more Cereal Ingredients. The popularity of Latino foods and Hispanic Cereal Ingredientss is at an all-time high.
However, unfavorable regulatory conditions, growing consumer preference for vegan diet and rising incidences of lactose intolerance are the factors that are likely to hinder the market growth.
Major Developments:
In May 2020, Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, today announces the launch of its new Delvo Cereal Ingredients CP-500 cultures for boosting the yield and resource efficiency of mozzarella Cereal Ingredients production.
Similarly, Arla Foods, the Denmark-based dairy giant announced of launching organic cheddar in the United Kingdom using locally sourced milk under its Yeo Valley brand, which it acquired in 2018.
Cereal Ingredients Market Segmental Overview
The study analyses Global Cereal Ingredients market based on type, production, distribution channel and geography.
- Processed and unprocessed are the two types of Cereal Ingredients accessible to the customers. Unprocessed Cereal Ingredients is likely to dominate the market over the forecast period owing to its natural flavors
- The various Cereal Ingredients products include mozzarella, cheddar, feta, parmesan, roquefort etc. Mozarella Cereal Ingredients is likely to be consumed majorly owing to its high content of calcium and rising demand from diabetic food manufacturers. Cheddar Cereal Ingredients is accessible in single slices wrapped in plastic, Cereal Ingredients spray, Cereal Ingredients spread, squeeze tube, and various other packaging options, which have opened a lot of opportunities for market growth.
- Cereal Ingredients is available through various distribution channels such as food specialty stores, hypermarkets, supermarkets, convenience stores etc.
Cereal Ingredients Market by Geography
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Europe Cereal Ingredients market is likely to dominate the market over the forecast period mainly due to rising demand from the food and beverage industry. Similarly, among the major Cereal Ingredients producing countries, the United States was ranked second with 5.3 million metric tons manufactured in 2015, following only the European Union. Wisconsin was the leading Cereal Ingredients producing state in the U.S.
However, Asia Pacific is anticipated to be the fastest growing region lead by China, India, Japan, and South Korea and are likely to contribute significantly during the forecast period. Ease of trading across international borders in the region will positively impact the industry growth through the forecast timeframe. Rapid growth of the fast food industry and growing disposable income and urbanization are the major factors driving the market development in this region.
Global Cereal Ingredients Market-Key Players
The major players involved in this market are Arla Foods, Bel group, Fonterra food, Kraft Heinz, Lactalis group, Savencia SA, Britannia Industries Limited, Saputo Inc. and Gujarat Cooperative Milk Marketing Federation Ltd. among others.
