Press release
Roasted Grain Ingredients Market Trends, Statistics, Size, Share, Growth Factors, Regional Analysis, Competitive Landscape
Introduction:Roasted grain ingredients refer to the grains that are roasted and used for various applications such as food, beverage, and animal feed. These grains are typically roasted to improve their flavor, aroma, and nutritional value. Roasting imparts a distinctive flavor to the grains, making them a popular ingredient in various food products. The roasted grain ingredients market is expected to grow significantly in the coming years, driven by increasing demand from the food and beverage industry.
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Market Size and Growth:
According to a report by Persistence Market Research, The Roasted Grain Ingredients Market can be expected to expand at a value based CAGR of 4.30% and show an increase in revenue from US$ 23,240.00 Million to around US$ 35,406.19 Million by 2033. The growing demand for flavored food and beverage products, coupled with the increasing trend of healthy snacking, is expected to drive the market growth.
Drivers and Restraints:
The roasted grain ingredients market is driven by the increasing demand for natural and healthy food products, along with the rising trend of flavored food and beverage products. The market is also driven by the growing demand for minimally processed food products and the increasing use of roasted grain ingredients in animal feed.
However, the market growth may be restrained by the fluctuating prices of raw materials and the stringent regulations related to food safety and quality. Additionally, the availability of substitutes such as malt extracts and syrups may also hinder the market growth.
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Market Segmentation:
Based on the source, the market is segmented into wheat, barley, corn, oats, rye, and others. Among these, the wheat segment is expected to dominate the market during the forecast period due to its high usage in the bakery and snack food industry.
Based on the form, the market is segmented into whole, flour, flakes, and others. The whole segment is expected to hold the largest market share due to the rising demand for natural and minimally processed food products.
Based on the application, the market is segmented into food and beverage, animal feed, and others. The food and beverage segment is expected to dominate the market due to the increasing demand for flavored food products.
Regional Analysis:
The roasted grain ingredients market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is expected to hold the largest market share during the forecast period due to the increasing demand for natural and healthy food products. Europe is expected to be the second-largest market due to the growing trend of healthy snacking. Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to the rising demand for natural and minimally processed food products.
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Key Players:
Some of the key players in the roasted grain ingredients market include SunOpta Inc., Muntons Malted Ingredients Inc., Palatia Malz GmbH, Boortmalt, Rahr Malting Company, Malteurop Group, Interquell, Castle Malting, Bairds Malt, Simpsons Malt, Proximity Malt, AIT Ingredients, IREKS GmbH. These companies are focusing on expanding their product portfolio and geographical presence to strengthen their market position.
The roasted grain ingredients market is expected to grow significantly in the coming years due to the rising demand for natural and healthy food products. The increasing demand for flavored food and beverage products, coupled with the trend of healthy snacking, is expected to drive the market growth. The key players in the market are focusing on expanding their product portfolio and geographical presence to strengthen their market position.
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