Cereal Ingredients Market
Market insights
The global cereal ingredients market is expected to register a CAGR of 8.5% during the forecast period 2018-2023.
Cereal crops, the source of energy to living beings and produced in enormous quantities, are cultivated for their edible component grain. Cereals are a rich source of vitamins, minerals, fats and proteins; they are considered as staple crops. In some developing countries, ingredients such as the rice, millet, maize, and wheat are part of daily foods. In developed countries, owing to people's preference for fast foods and ready-to-eat foods, cereal ingredients have variable and moderate consumption, yet they play a substantial role in the daily diet.
Market Dynamics
The increasing demand for cereal grains by the livestock industry, along with the rising consumption of cereal as a staple food, are driving the market. Moreover, the increasing consumption of beer has also prompted the demand for cereals, such as barley and oats. One of the major factors hindering this market is the potential for contamination of cereal products by pests, rusts, etc. Lack of research to improve the quality of cereal grains is also restraining the cereal ingredients market. Further improvements in the cereal crop breeding technique would create an opportunity for the market. Increasing population, coupled with the widening natural and nutritive food demand over the processed food are predicted to uplift the global cereal ingredients market growth in the coming years. During the grain extrusion process, there is a significant amount of protein disruption resulting in deteriorating cereal ingredient quality. This factor is expected to restrain the market over the forecast period. In addition, volatile prices of raw materials are also expected to act as major hindrance for the global cereal ingredients market growth.
Market Segmentation
The global cereal ingredient market can be segmented by type and application. On the basis of type, it is segmented into wheat, rice, oats, barley, and others. Cereal ingredients are further divided into the puff, grit, flake, and a few other categories, whereas rice is categorized into puffs, chunks, grit, and others. Oats, barley, and corn are also classified into the same type of categories. Based on the application, this market is segmented into animal feed, breakfast cast, brewing, biofuel etc.
Regional Analysis
North America is dominating the cereal ingredient market, followed by Europe and Asia-Pacific. This demand is expected to rise in countries including China, India Australia, and Japan. Increased demand for processed food in the Middle East region is projected to augment the cereal ingredient market over the forecast period. The Asia-Pacific region market is expected to grow during the forecast period; this growth will be accounted mostly as a result of an increase in the per capita cereal consumption and also processed cereal industries in developing countries such as China, India, Vietnam, Thailand, and Japan. China and India are expected to be the primary markets for cereal ingredients owing to enormous raw materials availability, cheap labor, along with the massive availability of man power.
Russia has emerged as the largest cereal ingredient market in Europe and is predicted to grow over the forecast period. Europe has the largest demand for malting barley cereals while fuelling demand for breakfast cereals from emerging countries like China, India, and Indonesia has created the need for cereal ingredients. However, North America has the largest market for breakfast cereal ingredients.
Competitive Environment
Some of key players in the global cereal ingredient market include Kerry Group, ADM, Associated British Foods, ABF Plc., Sunopta Inc., Ricebran Technologies, Cereal Ingredients Inc, Archer Daniels Midland Company, Bunge Limited, and Limagrain amongst others.
Reasons to Purchase the Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market shares of major players along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3 month analyst support, along with the Market Estimates sheet (in excel)
Customization of the Report
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1. Introduction
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. Key Findings of the Study
3. Market Over view
3.1 Introduction
4. Dynamics
4.1 Drivers
4.1.1 Increasing demand by live stock industry
4.1.2 Consumer awareness in consumption
4.1.3 Nutrition and taste convergence
4.2 Restraints
4.2.1 Contamination of cereals and cereal products
4.2.2 Lack of research to improve quality
4.3 Opportunities
4.3.1 Cereal crop breeding techinqies
4.3.2 Increasing demand in developing regions
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Segmentation
5.1 By type
5.1.1 Wheat
5.1.1.1 Wheat puff
5.1.1.2 Wheat Grit
5.1.1.3 Wheat flake
5.1.1.4 Others
5.1.2 Barley
5.1.2.1 Barley puff
5.1.2.2 Barley Grit
5.1.2.3 Barley flake
5.1.2.4 Others
5.1.3 Rice
5.1.3.1 Rice puff
5.1.3.2 Rice Grit
5.1.3.3 Rice flake
5.1.3.4 Others
5.1.4 Oats
5.1.4.1 Oats puff
5.1.4.2 Oats Grit
5.1.4.3 Oats flake
5.1.4.4 Others
5.1.5 Others
5.2 By Application
5.2.1 Animal Feed
5.2.2 Breakfast Cereal
5.2.3 Brewing
5.2.4 Bio fuel
5.2.5 Others
5.3 By Geography
5.3.1 North America
5.3.1.1 U.S.
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Others
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 U.K.
5.3.2.3 France
5.3.2.4 Germany
5.3.2.5 Russia
5.3.2.6 Italy
5.3.2.7 Others
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Others
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Others
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Others
6. Competetive Landscape
6.1 Merges and Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Merges and Acquisitions
6.5 Most active Companies in past five years
6.6 Market Share Analysis
7. Company Profiles
7.1 ADM
7.2 Kerry Group PLC
7.3 Bunge Limited
7.4 Associated British Foods
7.5 ABF Plc
7.6 Sunopta Inc
7.7 Ricebran Technologies
7.8 Cereal Ingredients
7.9 Archer Daniels Midland Company
7.10 Limagrain
8. Appendix
8.1 Sources
8.2 Disclaimer
