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Global Breakfast Cereal Ingredients Market Analysis By Type (Wheat, Oats, Barley, Rice, Others), By Application (Hot Cereal, Cold Cereal, Processed Cereal Food Products, Others) & Forecast

  • PUBLISHED ON
  • 6/6/2023
  • NO OF PAGES
  • 253
  • CATEGORY
  • Food & Beverages
Market Overview
The global Breakfast Cereal Ingredients market size was valued at USD 365 million in 2022 and is projected to reach USD 466 million by 2033, growing at a CAGR of 3.5% during the forecast period.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 365 million

Market Forecast in 2033

USD 466 million

CAGR % 2023-2033

3.5%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more

Key Companies

Limagrain Ingredients; Cereal Ingredients, Inc.; Silvery Tweed Cereals; Associated British Foods PLC; Bunge Limited; Tate & Lyle PLC; Cargill, Inc.

Others


Global Breakfast Cereal Ingredients Market- Description
The breakfast cereal ingredients market refers to the industry involved in the production and supply of various ingredients used in the manufacturing of breakfast cereals. Breakfast cereals are popular food products consumed worldwide, often eaten with milk or yogurt in the morning as a quick and convenient breakfast option. Health and wellness focus: With increasing consumer awareness of health and wellness, there is a growing demand for breakfast cereals with healthier ingredient profiles. This has led to the development of cereals with whole grains, reduced sugar content, higher fiber content, and fortified with vitamins and minerals.

Consumers are seeking transparency in food products and prefer cereals with clean label ingredients, free from artificial additives, preservatives, and genetically modified organisms (GMOs). Manufacturers are responding by using natural and recognizable ingredients in their formulations.

Global Breakfast Cereal Ingredients market: Key Trends
• Plant-based and alternative options
The rise of plant-based diets and dietary restrictions has driven the demand for breakfast cereals made from alternative grains like quinoa, amaranth, spelt, or gluten-free options. Additionally, plant-based milk alternatives, such as almond milk or oat milk, are often consumed with breakfast cereals. Consumers are increasingly looking for breakfast cereals that can be customized to their preferences, allowing them to choose their desired mix of ingredients, flavors, and toppings. This trend has led to the emergence of personalized cereal brands and online platforms that offer customizable options.

• Sustainable and environmentally friendly practices
Conscious consumerism is driving the demand for breakfast cereals produced using sustainable farming methods, organic ingredients, and eco-friendly packaging. Manufacturers are adopting practices that reduce carbon footprints, minimize waste, and support fair trade.

Global Breakfast Cereal Ingredients market: Segmental Analysis
By Type
• Wheat
• Oats
• Barley
• Rice
• Others

By Application
• Hot Cereal
• Cold Cereal
• Processed Cereal Food Products
• Others

Global Breakfast Cereal Ingredients market: Geographical landscape
North America has traditionally been a significant market for breakfast cereals, with the United States being the largest consumer. The region's preference for convenient and ready-to-eat breakfast options has driven the demand for cereal products. In terms of ingredients, North America emphasizes a balance between health and taste, leading to a demand for whole grains, high-fiber ingredients, and natural sweeteners. Additionally, the region has seen a growing interest in organic and gluten-free cereal options, which has influenced ingredient choices. Europe also represents a prominent market for breakfast cereals, with countries like the United Kingdom, Germany, and France being key consumers. The region places a strong emphasis on health and wellness, leading to a preference for cereals made from natural, organic, and locally sourced ingredients. Whole grains, nuts, seeds, and dried fruits are commonly used in European breakfast cereals, providing a balance of nutrition and taste. Asia-Pacific is an emerging market for breakfast cereals, driven by changing lifestyles and increasing urbanization. Countries like China and India have witnessed a rising middle class with a growing preference for convenient breakfast options. In this region, traditional breakfast choices such as rice and noodles are still prevalent, but there is a growing acceptance and demand for Western-style breakfast cereals. Ingredients such as rice, corn, wheat, and unique regional flavors are commonly incorporated into cereal products in Asia-Pacific.

Global Breakfast Cereal Ingredients Market- Impact of COVID-19
The pandemic led to disruptions in global supply chains due to lockdown measures, travel restrictions, and temporary closures of manufacturing facilities. This could have affected the availability and distribution of breakfast cereal ingredients, leading to potential shortages or delays in the delivery of raw materials. During the pandemic, consumer behavior changed significantly, including shifts in breakfast consumption patterns. With people spending more time at home, the demand for breakfast cereals and related ingredients might have initially increased as consumers stocked up on essential food items. However, as the pandemic progressed and economic uncertainties arose, consumer spending patterns may have changed, impacting the demand for breakfast cereal ingredients.
As individuals were confined to their homes, they had more time to experiment with cooking and explore alternative breakfast options. This could have led to a decline in the demand for traditional breakfast cereals and subsequently impacted the demand for specific cereal ingredients. The foodservice sector, including hotels, restaurants, and cafes, faced significant challenges during the pandemic due to closures and restrictions. As a result, the demand for breakfast cereals and related ingredients from this sector might have decreased, impacting overall market demand.

Global Breakfast Cereal Ingredients Market: Key Companies
• Limagrain Ingredients
• Cereal Ingredients, Inc.
• Silvery Tweed Cereals
• Associated British Foods PLC
• Bunge Limited
• Tate & Lyle PLC
• Cargill, Inc.
• Others

Global Breakfast Cereal Ingredients Market: Regional Scope
North America
• U.S.
• Canada
• Mexico

Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

South America
• Brazil
• Argentina
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa

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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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