A
new research report by Transparency Market Research highlights recent
advancements and key factors driving the global cereal ingredients
market. The consumption of cereals, a rich source of minerals,
vitamins, protein, fats, and carbohydrates, is increasing
consistently. In many developing nations, cereal ingredients
including millet, wheat, and rice are considered to be the sources of
daily nourishment. The consumption of cereals in most of the
developed nations is variable and moderate owing to the rising
inclination towards junk food and fast food. However, considering the
growing awareness, people are consuming cereals in many forms. This
is expected to propel the global cereal ingredients market.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10958
The
report, titled “Cereal Ingredients Market - Global Industry Size,
Market Share, Trends, Analysis, and Forecast 2016 - 2024,” states
that the global market is primarily benefited from the rising demand
for cereal grains from the livestock industry. The demand for cereals
such as oats, rice, maize, wheat, barley, and sorghum is increasing
at a considerable rate. Cereals find applications in biofuel,
breakfast cereals, brewing, and animal feed. The consumption of
various cereals, as a staple food is increasing in developing
nations. All these factors are predicted to propel the global cereal
ingredients market.
The
consumption of beer is increased in many regions. The consistently
rising consumption of beer is expected to escalate the demand for
cereals such as oats and barley. The growing food and beverages
industry is another important factor likely to propel the global
demand for cereals. Although the global cereal ingredients market is
expanding considerably, it is expected to face certain challenges.
Contamination of cereals by rusts, pests, smuts, and mycotoxins is
the biggest challenge for the market. Lack of research activities to
enhance the quality of cereals is another point of concern for key
manufacturers. These factors are expected to hamper the growth of the
global cereal ingredients market. Prominent players operating in the
market are aiming to improve cereal crop breeding procedures to
improve the quality of cereals.
For
a competitive analysis, the global
cereal ingredients market is regionally divided into Eastern
Europe, Western Europe, North America, Latin America, Asia Pacific,
and the Middle East and Africa. As key companies are spread across
all regions, the global market for cereal ingredients is highly
competitive and fragmented in nature. Rising demand for breakfast
cereals in India, Indonesia, and China has helped Asia Pacific to be
the leading regional segment in the global market.
With new cereal ingredients being consistently manufactured by key companies, the global market is expected to be more competitive in the years to come. Some of the key companies featured in the report are Cereal Ingredients Inc., Nestle S.A., Kellogg Company, and Kashi Company.
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