Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 363 million | USD 467 million | 3.2% | 2022 |
FrequentlyAsked Questions
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.
The global cereal ingredients market growth over forecast period can be owing to growing health issues occurring due to intake of highly processed food items has resulted in massive demand for cereal ingredients over the forthcoming years.
According to a study, the global cereal ingredients industry size was $363 million in 2022 and is projected to reach $467 million by the end of 2030.
The global cereal ingredients market is anticipated to record a CAGR of nearly 3.2% from 2023 to 2030.
The Asia-Pacific cereal ingredients industry is set to register the fastest CAGR over the forecasting timeline can be due to rise in the intake of product in countries such as China, Australia, and Japan. Moreover, 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.
The global cereal ingredients market is led by 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, and Hodgson Mill.
The global cereal ingredients market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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