Global Cereal Coatings Market, By Form (Liquid and Powder), Type (Sweet Coating, Savoury Coating, Chocolate Coating, Fruit-flavoured Coating and Others), Distribution Channel (Indirect/ Business-to-Business (B2B) Sales Channel and Direct/ Business-to-Consumer (B2C) Sales Channel), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Cereal Coatings Market
Data Bridge Market Research analyses that the global cereal coatings market will project a CAGR of 8.00% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surging popularity of low saturated fat levels in confectionery coatings, rising consumer consciousness towards high quality nutritional food products, growing availability of different flavours of coatings and cereals and increasing personal disposable income by the major companies are the major factors attributable to the growth of cereal coatings market. Therefore, the market value, which was USD 1.2 billion in 2020, will rocket up to USD 2.22 billion by 2028.
From the name itself, it is clear that cereal coatings are the layers of a particular substance that are coated over the cereal flakes. These layers can be sweet or savour in nature. The major aim behind the application of cereal coatings is to provide a flavour to the cereal. Further, cereal coatings help to improve the shelf life of the product.
Rising levels of demand for sweetening and colouring agents and surge in the awareness about the benefits of a healthy breakfast are the major factors fostering the growth of the market. Changing lifestyle, growth and expansion of food coating industry especially in the developing economies and rising consumer preference for food products having enhanced shelf life are other important factors acting as market growth determinants. Rising expenditure to undertake research and development proficiencies, increasing availability of a wide variety of cereals, growing prevalence of ready-to-eat cereals globally, growing health care awareness, increasing working population and spurt in the expenditure to undertake marketing campaigns will further induce growth in the market value.
However, stringent regulations imposed by the government on the foods coating industry will pose a major challenge to the growth of the market. High costs associated with the research and development proficiencies and with the establishment and maintenance of a sustainable business model will also hamper the market growth rate. Fluctuations in the prices of raw materials and volatile and uncertain environmental condition will yet again derail the market growth rate. Large scale availability of alternative breakfast items in the market will also act as market growth restraints.
This cereal coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cereal coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cereal Coatings Market Scope and Market Size
The cereal coatings market is segmented on the basis of form, type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the global cereal coatings market is segmented into liquid and powder.
- On the basis of type, the cereal coatings market is segmented into sweet coating, savoury coating, chocolate coating, fruit-flavoured coating and others.
- On the basis of distribution channel, the cereal coatings market is segmented into indirect/ business-to-business (B2B) sales channel and direct/ business-to-consumer (B2C) sales channel. Direct/ business-to-consumer (B2C) sales channel segment is sub-segmented into online retail, specialty stores, wholesalers and other retail formats.
Cereal Coatings Market Country Level Analysis
The cereal coatings market is analyses and market size, volume information is provided by country, form, type and distribution channel as referenced above.
The countries covered in the cereal coatings market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America and Europe dominate the cereal coatings market and will continue to during the forecast period owing to the increased consumption of cereals and ready-to-eat breakfast items. Asia-Pacific is set to undergo substantial gains and will score the highest CAGR for this period owing to the growth and expansion of food and beverages industry, rising healthcare awareness and growth in the enhancements in the retailing structure.
The country section of the cereal coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cereal Coatings Market Share Analysis
The cereal coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cereal coatings market.
The major players covered in the cereal coatings market report are ADM, Cargill, Incorporated, Tate & Lyle, Kerry Group, DuPont, Bowman Ingredients, Ashland, Ingredion., PGP International, Döhler, Newly Weds Food, General Mills Inc., BENEO, Silvery Tweed Cereals, AGRANA Beteiligungs-AG, ABS Food Ingredients, Roquette Frères, BASF SE, Bayer AG and Clariant among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.