(Entertainment-NewsWire.com, March 15, 2018 ) The Global Cereal Ingredients market was valued at USD 685.40 Million in 2016 and is calculated to grow at CAGR of 3.5% to approach USD 814.04 Million by 2021 by the end of 2021. The rising awareness among people across the globe about the nutritional value of cereal is the key reason behind the growth of the market.
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By products and services, the consumables segment accounted for the largest share of the market in 2017
By type, demand shows increase across all the segments of the market
Under the segmentation by type, the global Cereal Ingredients market is segregated into Wheat, Rice, Oat, Corn, and Barley. The rising proportion of working population and increasing demand for ready to eat food in the world are the key factors that promote the growth of the market. Major cereal ingredients are used in the manufacture of rice flakes, corn flakes, wheat flakes, corn puffs, oat grit, rice chunks, corn chunks, barley puffs, wheat chunk, and others.
By application, the utilization of cereal as breakfast is to increase during the forecast period
Under application, the global Cereal Ingredients market is divided into two segments, namely, Hot Breakfast Cereal and Cold Breakfast Cereal. The high inflation resulting in expensive raw materials for cooking directly translates into the increased preference of cereal as a healthy breakfast alternative. The increasing prevalence of obesity also makes people choose cereal as nutritive food alternative over fast foods such as pizzas and burgers across the world.
Global Cereal Ingredients market is geographically studied in North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa regions. According to the contributions to the global market share, the first region on the list is North America. This is reasoned with the extensive use of cereal in the region as breakfast. Europe and Asia Pacific regions follow in the list, because of the increasing demand for cereal as a nutritive food in several developing countries in the region.
The top players in the global Cereal ingredients Market include Associated British Food Plc, Kerry Group, Ricebran Technologies, Archer Daniels Midland Company, Cargill Inc. Cereal Ingredients Inc., Kellogg Company, Bunge Limited, SunOpta Inc., and Nestle S.A.
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