Grains And Cereals Food Market Outlook and Forecast from 2024 to 2031
The Global "Grains And Cereals Food market" is expected to grow annually by 9.5% (CAGR 2024 - 2031). The Global Market Overview of "Grains And Cereals Food Market" provides a special perspective on the major patterns influencing the market in the biggest markets as well as globally from 2024 to 2031 year.
Introduction to Grains And Cereals Food Market Insights
The future of gathering insights in the Grains and Cereals Food market involves leveraging advanced technologies such as Artificial Intelligence, Big Data Analytics, and IoT devices to collect and analyze vast amounts of data. These technologies enable real-time monitoring of consumer preferences, market trends, and supply chain dynamics, providing valuable insights for businesses to make informed decisions. These insights can shape future market trends by predicting demand patterns, identifying emerging consumer preferences, and optimizing production and distribution strategies. With the Grains and Cereals Food market expected to grow at a CAGR of % during the forecasted period, the use of advanced technologies in gathering insights will be crucial in helping businesses stay competitive and capture opportunities in this rapidly evolving market landscape.
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Market Trends Shaping the Grains And Cereals Food Market Dynamics
1. Growing Demand for Organic and Non-GMO Products: Consumers are increasingly seeking out grains and cereals that are produced without genetically modified organisms (GMOs) and chemical pesticides.
2. Rise in Vegan and Plant-Based Diets: As more people adopt plant-based lifestyles, there is a growing demand for grains and cereals as a staple in vegan diets.
3. Expansion of Gluten-Free Options: With the rise in gluten intolerances and celiac disease diagnoses, there is a surge in gluten-free grains and cereals products to cater to this market.
4. Increased Focus on Sustainability: Consumers are more conscious of the environmental impact of food production, leading to a trend of sourcing grains and cereals from sustainable and ethical sources.
5. Innovation in Product Development: Manufacturers are introducing new and unique grain and cereal products to cater to changing consumer preferences and dietary needs.
Market Segmentation:
This Grains And Cereals Food Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Grains And Cereals Food Market is segmented into:
- Yanzhifang
- Shanrui
- Xiangya Group
- Jinmofang
- Yushanyuan
- Ruogu
- Kellogg‘s
- FBS Food
- Nanfangfood
- Jianlaifu
- Gugan Food
- Shanrui Food
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The Grains And Cereals Food Market Analysis by types is segmented into:
- Grains
- Cereals
Grains and cereals food market can be divided into two main types based on the products being sold. The grains market focuses on products like rice, wheat, oats, and barley, which are whole grains or refined grains. The cereals market, on the other hand, primarily includes breakfast cereals and cereal bars made from processed grains. Both markets cater to consumers looking for convenient and nutritious options for their daily meals, offering a variety of choices to suit different preferences and dietary needs.
The Grains And Cereals Food Market Industry Research by Application is segmented into:
- On-line Sale
- Off-line Sale
The grains and cereals food market application allows customers to purchase these products through online and offline sales channels. Online sales give customers the convenience of ordering from their devices and having the products delivered to their doorsteps. Offline sales involve purchasing products in physical stores or markets. Both channels provide accessibility and variety for customers looking to buy grains and cereals for their dietary needs.
In terms of Region, the Grains And Cereals Food Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The grains and cereals food market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America, particularly the United States and Canada, is anticipated to dominate the market due to the high consumption of grains and cereals in these countries. Europe, led by Germany, France, and the ., is also expected to have a substantial market share. In Asia-Pacific, countries like China, Japan, and India are projected to witness rapid growth in the market. Latin America, including Mexico and Brazil, and the Middle East & Africa, with countries like Turkey and Saudi Arabia, are also expected to contribute to the market's growth. North America is expected to dominate the market with a market share percentage valuation of around 30-35%. Europe and Asia-Pacific are expected to follow closely with market share percentages of approximately 25-30% and 20-25% respectively. Latin America and the Middle East & Africa are expected to have lower market share percentages of around 10-15% each.
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Grains And Cereals Food Market Expansion Tactics and Growth Forecasts
Innovative tactics driving the expansion of the Grains and Cereals Food market include cross-industry collaborations, ecosystem partnerships, and disruptive product launches. By collaborating with technology companies, such as using blockchain for supply chain transparency, the market can attract more consumers seeking sustainable and traceable products. Ecosystem partnerships with farmers, retailers, and foodservice providers can streamline the distribution process and expand market reach.
Disruptive product launches, like plant-based alternatives and fortified grains, cater to health-conscious consumers and drive market growth. With the increasing demand for functional and convenient food products, companies are likely to introduce innovative products and packaging solutions to meet consumer needs. These strategies combined with industry trends, such as the growing popularity of gluten-free and organic products, are projected to fuel market growth in the coming years.
According to market research, the Grains and Cereals Food market is expected to witness a CAGR of % from 2021 to 2026, reaching a value of $470 billion by the end of the forecast period. This growth is driven by the adoption of innovative expansion tactics and the convergence of consumer preferences towards healthier and sustainable food options.
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Competitive Landscape
Kellogg's is a well-known global player in the grains and cereals food market. Established in 1906, Kellogg's has a long history of providing high-quality breakfast cereals and snacks to customers around the world. The company has experienced significant market growth over the years, expanding its product offerings to include a wide range of cereals, granolas, and snack bars. Kellogg's has a strong presence in both developed and emerging markets, with a large customer base and a strong brand reputation.
Another key player in the market is Shanrui Food, a leading Chinese manufacturer of grains and cereals products. Founded in 1998, Shanrui has grown rapidly in recent years, capitalizing on the increasing demand for healthy and convenient breakfast options in China. The company has a diverse product portfolio that includes cereals, oatmeal, and rice-based products.
In terms of sales revenue, Kellogg's reported revenue of $ billion in 2020, showing steady growth compared to previous years. Shanrui Food, on the other hand, reported revenue of $2.5 billion in the same year, reflecting the company's strong performance in the Chinese market. Both companies continue to invest in product innovation and marketing to drive further growth and maintain their competitive positions in the grains and cereals food market.
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