Cereal Ingredients Market Size, Share, Trends, Growth and Forecast 2030

Cereal Ingredients Industry Prospective:

The global cereal ingredients market size was evaluated at $363 million in 2022 and is slated to hit $467 million by the end of 2030 with a CAGR of nearly 3.2% between 2023 and 2030.

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Cereal Ingredients Market: Overview

Cereal ingredients are utilized in food and are the key energy source of energy for human beings. Moreover, cereal foods are key contributors of protein, power, and dietary fiber across the globe. Furthermore, cereals are cultivated over nearly half of the cultivated area across the globe and provide nearly one-fourth of the overall calories in their routine diet. Few of the cereal ingredients comprise iron content that assists in oxygen transfer to the blood.

Apart from this, soluble fibers available in the constituents of cereals reduce the cholesterol in the blood. Furthermore, cereal ingredients comprise nearly 12% of water, nearly over 65% of carbohydrates, nearly 2% of lipids, and 7% of proteins.

Key Insights

• As per the analysis shared by our research analyst, the global cereal ingredients market is projected to expand annually at the annual growth rate of around 3.2% over the forecast timespan (2023-2030)
• In terms of revenue, the global cereal ingredients market size was evaluated at nearly $363 million in 2022 and is expected to reach $467 million by 2030.
• The global cereal ingredients market is anticipated to grow rapidly over the forecast timeline owing to a rise in healthy lifestyles and eating habits.
• In terms of application, the food & beverages segment is slated to register the highest CAGR over the analysis period.
• Based on type, the corns segment is projected to record a massive surge in the coming years.
• Region-wise, the Asia-Pacific cereal ingredients industry is expected to register the fastest CAGR during the projected timeline.

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Cereal Ingredients Market: Growth Factors

Rise in the adoption of healthy food habits is expected to embellish the global market surge by 2030

Phytochemicals present in cereal ingredients help in reducing the risk of various kinds of cancer and this will steer the global cereal ingredients market growth over the coming years. A rise in healthy lifestyles and eating habits is likely to drive the growth of the market over the forecasting years. Apart from this, swift urbanization and growing consciousness have shifted the dietary habits of the customers towards the consumption of safe & healthy food items.

Furthermore, growing health issues occurring due to the intake of highly processed food items have resulted in massive demand for cereal ingredients over the forthcoming years. Wide access to cereal ingredients and their use in myriad industries will embellish the expansion of the market over the ensuing years. Apart from this, the escalating organic diet trend will prop up the global market growth over the estimated timeline.

Cereal Ingredients Market: Restraints

Easy access to alternate products can obstruct the growth of the industry globally

Easy availability of substitute products can put brakes on the expansion of the global cereal ingredients industry. Escalating the use of chemicals for cultivating cereal crops can restrict the expansion of the global industry.

Cereal Ingredients Market: Opportunities

Huge awareness about the product benefits derived due to its intake will spearhead the global market expansion over 2023-2030

Growing demand for healthy foods and growing awareness about cereals being healthy & rich sources of energy including carbohydrates and proteins will open new growth opportunities for the global cereal ingredients market.

Cereal Ingredients Market: Challenges

Surge in the price of the product leading to reduced demand for the product can decelerate the elevation of the global industry

Rise in product costs and lack of supply of products can create hindrances in the growth path of the global cereal ingredients industry. Strict laws related to the export and import of cereals along with high export & import duties of the product can further impede the growth of the industry across the globe.

Cereal Ingredients Market: Segmentation

The global cereal ingredients market is sectored into application, type, and region.                    

In terms of application, the global cereal ingredients market is segregated into food & beverages, animal feed, biofuel, and other segments. Moreover, the food & beverages segment, which gained approximately 80% of the global market share in 2022, is expected to register the fastest CAGR in the period from 2023 to 2030. The growth of the segment during the forecast timeframe can be ascribed to a rise in the intake of breakfast cereals as food. In addition to this, changing food habits will further contribute to the segmental surge.

Based on the type, the global cereal ingredients industry is sectored into rice, wheat, corn, oats, and barley segments. Moreover, the corns segment, which accrued the highest share of the global industry in 2022, is anticipated to lead the segment in the upcoming years. The segmental surge over the forecast timespan can be credited to favorable dietary features and the large-scale presence of carbohydrates.

Cereal Ingredients Market: Report Scope

Cereal Ingredients Market: Regional Insights

North America to establish its dominance in the global cereal ingredients market over the forecast period

North America, which accumulated nearly 55% of the global cereal ingredients market revenue in 2022, is projected to lead the regional market sphere in the forecasting years. Apart from this, the surge in the market revenue in the sub-continent over the coming years can be attributed to the huge demand for breakfast cereals in countries like the U.S. and Canada. In addition to this, an increase in the intake of beer and a high rate of consuming cereals & grains as staple diets in the region will drive the market expansion countries such as Canada and the U.S. sub-continent can contribute notably to the growth of the market in the region.

Asia-Pacific cereal ingredients industry is predicted to record the fastest CAGR over the forecast timeline owing to a rise in the intake of products in countries such as China, Australia, and Japan. Moreover, a rise in the consumption of multigrain, low-carbohydrate, fortified, and high-fiber containing cereals will steer the growth of the industry in the APAC zone.

Key Developments

• In the first half of 2023, Nestle S.A., a Switzerland firm in the food & beverage processing business, introduced two breakfast cereals referred to as Munch and Koko Krunch Millet Jowar in India. The move will provide impetus to the growth of the market in India and across the APAC zone.
• In the second half of 2023, The Quaker Oats Company, a division of PepsiCo. Inc., launched its first breakfast cereal under its Quaker Chewy brand referred to as Quaker Chewy Granola which is available in chocolate as well as strawberry flavors.

Cereal Ingredients Market: Competitive Space

The global cereal ingredients market profiles key players such as:

• Kerry Inc.
• Kellogg NA Co.
• Balchem Inc.
• Roquette Frères
• General Mills
• The Kraft Heinz Company
• Kanegrade Ltd
• Mondelz International
• Tyson Foods Inc.
• Cargill Inc.
• Pecan Deluxe Candy Company
• Hodgson Mill

Moreover, the market is highly fragmented with many players capturing a minimal share of the global market and new entrants swiftly entering the market and posing a cut-throat competition to the existing players.

The global cereal ingredients market is segmented as follows:

By Application

• Food & Beverages
• Animal Feed
• Biofuel
• Others

By Type

• Wheat
• Oats
• Rice
• Corns
• Barley

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa