A
new research report by Transparency Market Research (TMR), titled
“Cereal Ingredients Market - Global Industry Size, Market Share,
Trends, Analysis, and Forecast 2016 – 2024,” presents a
360-degree view of the market. The report offers quantitative and
qualitative insights into market dynamics, competitive landscape, and
geographical segmentation.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10958
The
increasing demand for processed and ready to eat food is one of the
key drivers of the global cereal ingredients market. In several
countries worldwide, cereals are consumed as staple food and are used
in the livestock industry at a large scale. Therefore, the
ever-increasing demand for food and the growing livestock population
are fuelling the growth of the market. Moreover, growing prevalence
of health issues such as obesity and changing food habits are
positively impacting the dynamics of the market.
Other
factors augmenting the market’s growth are the rising consumption
of beer and burgeoning demand for natural and nutritive food.
However, the difficulties related to protecting cereals and cereal
products from contamination are challenging companies in the global
cereal ingredients market. Furthermore, factors such as research in
genomics being in its early days and volatile prices of raw materials
are restraining the growth of the market. However, improvements in
cereal crops breeding are likely to mitigate cereal contamination
issues and create growth opportunities for the market.
On
the basis of type, the global cereal ingredient market is segmented
into maize, oats, rice, sorghum, and barley. In terms of application,
the market is segmented into animal feed, brewing, breakfast cereal,
and bio-fuel. Geographically, the market is categorized into Asia
Pacific, North America, Europe, and Rest of the World (RoW). The
increasing health consciousness amongst consumers and rising demand
for malting and breakfast cereals are likely to propel the growth of
developed countries in the North America and Europe region. In
Europe, Russia is expected to emerge as a prominent market for cereal
ingredients over the forecast period.
The
growth of the Asia Pacific region can be attributed to the increasing
population, rising focus on healthy eating habits, improving economic
conditions, and growing disposable income. Australia, India, Japan,
and China are expected to present tremendous growth potential owing
to the abundant availability of raw materials and a large population
engaged in agriculture. Increasing demand for processed food in the
Middle East is stoking the growth of the Rest of the World segment.
Manufacturers
in the global cereal ingredients market are trying to increase their
visibility by developing new products with higher nutritional values
and greater health benefits. Some of the key companies in the market
are Archer Daniels Midland Company, Cereal Ingredients Inc., Nestle
S.A., Kellogg Company, and Ricebran Technologies.
