Market Size of Cereal Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cereal Ingredients Market Analysis
The cereal ingredients market is projected to register a CAGR of 5.2% during the forecast period (2022-2027).
The cereal ingredients market witnessed positive growth during the COVID-19 pandemic, even with increased prices of cereals across the world. The Food and Agriculture Organization's Price Index Report indicates a 35% increase in the prices of cereals and cereal-related products. Instant food supplements like cereals ran out of stock across the markets from time to time as consumers' interest shifted toward instant meals. The major players offered new flavored cereals with nutritional choices like gluten-free and ingredients with more fiber content for better immune health.
This market mainly includes wheat, rice, barley, and oats, with insignificant shares. The nutritive quality of the ingredients drives the market. Also, the increasing demand for ready-to-eat products has been boosting the usage of these ingredients. Additionally, the growing demand for health-promoting benefits of organic cereals is a significant factor fueling the organic segment of the market. Apart from the food industries, the increasing demand from the livestock industry is also driving the market.
Research to confirm the nutritional benefits of the ingredients and developments such as fortification, genetic modification, and gene-nutrient interactions are playing an essential role in boosting the cereal ingredients market, in order to meet the requirements and preferences of the consumers to enhance the market growth further. For instance, fortification of white flour with folic acid has been proposed in the United Kingdom to decrease the rate of NTD, as stated by the British Nutrition Foundation. Also, the government initiated favorable policies regarding fortification regulations, which may further boost the market.
Cereal Ingredients Industry Segmentation
Cereal ingredients are products derived from corn, rice, wheat, oats, and barley. The cereal ingredients market has been segmented by ingredient type, which includes wheat, barley, rice, oats, and other ingredient types. Based on form, the market is segmented as puff, grit, and flakes. The report also covers market segmentation by application, which comprises the food and beverage segment that includes breakfast cereals, bakery products, and brewing. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers the market size and forecast values in (USD million) for all the above segments.
| Ingredient Type | |
| Wheat | |
| Barley | |
| Rice | |
| Oats | |
| Other Ingredient Types |
| Form | |
| Puff | |
| Grit | |
| Flake |
| Application | |||||
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| Animal Feed | |||||
| Biofuel | |||||
| Other Applications |
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Cereal Ingredients Market Size Summary
The cereal ingredients market is experiencing steady growth, driven by the increasing demand for nutritious and ready-to-eat products. The market encompasses key ingredients such as wheat, rice, barley, and oats, with a focus on their nutritive qualities. The rise in consumer interest towards health-promoting benefits, particularly in organic cereals, is significantly boosting the organic segment. Additionally, the livestock industry's growing demand for these ingredients further propels market expansion. Innovations in fortification, genetic modification, and research confirming nutritional benefits are crucial in meeting consumer preferences and enhancing market growth. The gluten-free sector is also witnessing a surge due to the rising prevalence of celiac disease and the trend of gluten-free diets among consumers without celiac diagnosis, further driving market dynamics.
In the Asia-Pacific region, China leads the market, influenced by changing breakfast cereal consumption patterns and a shift towards healthier products, partly due to the adoption of Western lifestyles. The development of low-carb, high-fiber, and fortified breakfast cereals, along with the incorporation of natural ingredients, is contributing to market growth. The competitive landscape of the cereal ingredients market is marked by numerous domestic and multinational players, with companies focusing on new product launches, acquisitions, and expansions to capture market share. Notable players include Archer Daniels Midland Company, Associated British Foods, Bunge Limited, Groupe Limagrain Limited, and RiceBran Technologies, all of which are actively investing in production capacity expansions to meet the rising demand.
Cereal Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredient Type
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2.1.1 Wheat
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2.1.2 Barley
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2.1.3 Rice
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2.1.4 Oats
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2.1.5 Other Ingredient Types
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2.2 Form
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2.2.1 Puff
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2.2.2 Grit
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2.2.3 Flake
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2.3 Application
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2.3.1 Food and Beverage
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2.3.1.1 Breakfast Cereals
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2.3.1.2 Baked products
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2.3.1.3 Brewing
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2.3.2 Animal Feed
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2.3.3 Biofuel
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2.3.4 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Spain
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2.4.2.2 United Kingdom
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2.4.2.3 Germany
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 South Africa
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2.4.5.2 United Arab Emirates
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2.4.5.3 Rest of Middle-East and Africa
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Cereal Ingredients Market Size FAQs
What is the current Cereal Ingredients Market size?
The Cereal Ingredients Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Cereal Ingredients Market?
Archer Daniels Midland Company, Associated British Foods PLC, Bunge Limited, Groupe Limagrain Holding and RiceBran Technologies are the major companies operating in the Cereal Ingredients Market.
