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Global cereal meal and groat market is anticipated to witness significant growth in the forecast period owing to rise in demand for food across the globe. Cereal meal is made from cereal grains, which is normally consumed at breakfast. Different types of breakfast cereals are highly preferred by large population on the global scale. Among all, oatmeal is a highly consumed cereal that helps in treating several health issues. Groats are also extremely nutritious majorly used in porridge and soups.
The market is driven by factors like growing world population (infant supplements), increasing disposable income of consumers, and changing eating habits of public on the global scale. Moreover, increase in awareness among consumers for healthy lifestyle for breakfast as well as snacks and increasing urbanization assisted by developing economy are also fueling the cereal meal and groat market. However, increasing production and adoption of substitutes like Quinoa meal, cornflakes and brown rice is hampering the market growth.
Breakfast cereal manufacturers are introducing cereals in a wide range of flavors, which is an emerging trend in this market. Moreover, rising use of oat meal for animal feed and skin care products is another emerging trend in the market. The market is categorized on the basis of type, application, and geography. On the basis of type, market is divided into wheat meal, maize meal and groats, and others. Wheat meal segment holds larger share of cereal meal and groat market owing to the increasing demand from the developing economies.
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Based on application, market is bifurcated into direct consumable foods and food processing industrial application. Direct consumable foods segment is expected to lead the market owing to the growing health conscious population. Geographically, market is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region leads the market owing to high production of cereals and groats and developing food-processing industry. North America and Europe are also the dominant regions due to explosive demand from the region.
The major players profiled in cereal meal and groat market comprise Nature's Path Foods, Inc., Nestlé S.A, Hamlyn's Of Scotland, General Mills, Inc., Cargill, Quaker Oats Company, Kellogg NA Co., Weetabix Ltd., Incorporated, Bagrry's India Ltd, World Finer Foods.
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The global grain mill product market is estimated to develop at a substantial CAGR for the duration of the prediction. The grain mill products market is expected to enlarge progressively by the completion of prediction period. The aspects for example growing populace, together with growth in per head earning and growing demand for fast food owing to growing change from old-style to modern way of life is likely to motivate the market for the duration of the prediction.
Increasing number of coffee bars and fast food eateries throughout the world is motivating the progress of the market. The manufacturing units of bakery items and the bread are some of the important markets because the flours are utilized such as a key element for making bakery items, bread and corn centered covering of fry up foodstuff.
Diverse categories of flours are utilized in the production of fast foods for example Fried Meat Items, Donuts, Pizzas, and Burgers. Increasing ingestion of bread-centered fast foods in emergent nations is motivating the progress of the market. Growth in manufacture of gluten free flour substitutes for example rice flour, soya flour, corn flour and maize flour owing to growth in fitness consciousness between customers.
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Growing application of wet milling expertise as equated with dry milling procedure is likewise projected to trigger the progress of the market in the upcoming years. Growing demand for non-food uses of flour for example bio-plastics, glue, and biomaterials is likewise motivating the progress of the market.
The grain mill product market on the source of Type of Product, could span Wheat Meal, Wheat and Maslin Flour, Semi crushed/Completely Crushed Rice, Broken Rice, Maize [corn] Meal and Groats, Maize [Corn] Flour, Husked Brown Rice, Additional Cereal Flours, Additional Cereal Meal and Groats, Additional Worked Cereal Grains, Meal and Flour of Tubers, Roots, Legumes, Citrus, and Nuts, Additional Grain mill merchandises.
The grain mill product market on the source of Type of Use could span Commercial Use, Domestic Use. The grain mill product market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
By the source of geography, the Europe is expected to lead the market for the duration of the prediction. This development could be credited to growing demand for bakery products and bread and increasing alertness regarding gluten free foodstuff in this area. The Asia Pacific is estimated to display speedy development for the duration of the prediction. This development could be linked with growth in populace, increasing per head earnings, growing demand for fast food items, and growing expenditure on fast food items. Greater ingestion of flour-centered breads, noodles, and additional foodstuffs is assisting development in this area. A lesser amount of strength supervisory agenda in this area has augmented the openings to improve inventive products in this area.
The statement revises Trades in terms of intake of Grain Mill Product in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Most important companies operating in the area are largely dedicated on growth of the business and accepting policies for example unification & acquirement, combined project, and corporations & contracts to increase stake in the market. Some of the important companies operating in the field are Ardent Mills, Goodman Fielder, Ardent Mills, ConAgra and King Arthur Flour.
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Food and Beverage Industry is one of the prominent areas in the business space with a significant number of loyal customers.
As a proof, the Statista report estimates that revenue in the Food & Beverage industry will amount to US$18, 968m in 2019 and grows to US$27,760m by 2023.
