Asia-Pacific Cereal Ingredients Market by Type (Wheat, Rice, Oat, Corn, Barley), by Application (Hot Breakfast Cereal, Cold Breakfast Cereal), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021) By Market Data Forecast
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Asia Pacific Cereal Ingredients Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 5.10% to reach USD 193.37 Million by 2021, from USD 150.79 Million in 2016, which amounts to a cumulative growth of USD 42.58 million.
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A grain that used for food, like wheat, maize, or rye is known as a cereal. Cereal ingredients are rich in fibre and nutrition, with carbohydrates, minerals, vitamins, fats and proteins, due to which it is used mostly as a morning snack.
Cereal crops are cultivated for their edible component, which is a great source of energy to humans.
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Cereal ingredients have served useful functions in a variety of foods. Our ancestors used salt to preserve fishes and meat, added herbs and spices to add the flavour of foods, preserved fruit with sugar, and pickled cucumbers in a vinegar solution.
Today, consumers demand and enjoy a food supply that is flavourful, nutritious, safe, convenient, colourful, and affordable. In developing countries of Asia-Pacific region, cereal ingredients such as rice, corn, and wheat are the source of daily sustenance.
Cereals are also popularly used in kitchens for their prolific growth and plentiful production, due to which the market for cereal ingredients in growing rapidly in Asia-Pacific region.
The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Cereal Ingredients Market bearing either positive or negative outcomes. Some of those factors are
- Fast-paced lifestyle along with an aspiration to stay fit
- Changing consumer preference, increasing urban population
- Increasing health issues which are making people to resort to healthier options
- Due to high prices of cereal ingredients and cereal products, along with high palm oil price
For granular level understanding the Asia-Pacific Cereal Ingredients Market is segmented based on type and application, each being provided with Market Size Estimations and Y-o-Y Forecasts. By type, the market is further sub-segmented into Wheat, Rice, Oat, Corn, and Barley.
By application, the market is further sub-segmented into Hot Breakfast Cereal, Cold Breakfast Cereal.
Geographically, Asia-Pacific market for Cereal Ingredients is segmented into China, Japan, India, South Korea and Australia. Asia-Pacific is expected to witness highest growth with high CAGR owing to factors like economic developments paired with increasing urbanization.
In addition, emerging markets such as China and India have been offering incredible opportunities as they have an abundant amount of raw materials and a wide availability of cheap labor.
Kerry Group, Rice bran Technologies, Associated British Food Plc., Archer Daniels Midland Company, Bunge Limited, SunOpta Inc., Cargill Inc., Cereal Ingredients Inc., Kellogg Company, Nestle S.A, are the major players of Asia-Pacific Cereal Ingredients market.
The Asia-Pacific Cereal Ingredients Market report offers wide-range of scope:
- Regional and country-level analysisthat provides an individual perspective of Asia-Pacific region and the aforementioned countries
- Know more about key areas of industry growth via detailed Segment-level analysison basis of type and application long with market size forecasts and y-o-y estimations
- Detailed explanation of major drivers, restraints, opportunities, and challenges(DROC) that affect the market and impact the ever-shifting market dynamics
- Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
- Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Market Outlook - Investment opportunities devised by stand in expertsto provide both individuals and organizations a strong financial foothold in the market
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