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Global Porridge Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Porridge Market, By Type (Oat, Maize, Wheat, Rice, Millet), Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Departmental Stores)– Industry Trends and Forecast to 2029

Porridge Market

Market Analysis and Size

People's changing food consumption patterns and increasing preference for healthy meals drive the growth of the global porridge market. Porridge is beneficial because it is highly nutritious and contains dieting fibres, providing a wholesome meal and preventing overeating. This, in turn, prevents weight gain, lowers the risk of high cholesterol, and regulates blood sugar. Porridge with a high carbohydrate content improves brain function. Furthermore, porridge contains beta-glucan and fibre, both of which aid in the prevention of cardiovascular disease, constipation, and the regulation of bowel movements.

Data Bridge Market Research analyses that the porridge market was valued at USD 240.9 million in 2021 and is expected to reach the value of USD 429.64 million by 2029, at a CAGR of 7.50% during the forecast period of 2022-2029.

Market Definition

Porridge is a popular breakfast cereal dish. It is prepared by combining ground, crushed, or chopped starchy grains with water or milk. To make a sweet cereal, it is served with additional flavourings such as honey, dried fruit, sugar, or syrup. To make a savoury dish, combine it with spices and vegetables.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Oat, Maize, Wheat, Rice, Millet), Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Departmental Stores)

Countries Covered

U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America

Market Players Covered

The Quaker Oats Company (U.S.), Blue Lake Milling Pty Ltd (Australia), Grain Millers, Inc. (U.S.), Morning Foods Ltd (U.K.), General Mills, Inc. (U.S.), Avena Foods Limited (Canada), Richardson International (Canada)

Opportunities

  • Food and beverage manufacturers are considering the health benefits of porridge and adding significant constituents to make products more delectable and nutritious
  • The use of porridge for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period

Global Porridge Market Dynamics

Drivers

  • The rise in the adoption of porridge as an healthy substitute

The key factors driving global demand for porridge are an increase in consumer demand for healthy food options and changing food consumption patterns. Furthermore, the rising consumer preference for a wholesome breakfast consisting of ready-to-eat food items is expected to boost the porridge market over the forecast period. Furthermore, shifting toward healthier foods to prevent cardiovascular disease and control blood sugar levels positively impacts the global porridge market.

  • The use of porridge as an dairy replacement for lactose intolerants

Porridge has been shown to be a good dairy substitute, particularly when making ice cream. This is due to its creamy texture when heated and the fact that porridge is high in carbohydrates, fats, and protein. These are the nutrients found in milk or milk products. As the production of such products increases, so does the demand for porridge. Porridge is also used in dairy products to give them a creamier texture.

Opportunity

Food and beverage manufacturers are considering the health benefits of porridge and adding significant constituents to make products more delectable and nutritious. Aside from that, using porridge for disease prevention and health maintenance is expected to fuel a positive growth in value during the forecast period. Baked goods typically use wheat flour; however, porridge, along with wheat flour, has a new healthy and delicious baking use; as a result, porridge demand is expected to rise.

Restraints

However, the high cost of packaged porridge compared to other breakfast options and the availability of substitutes are restraining market growth during the forecast period. Consumption of porridge in large quantities causes gastric problems and stomach bloating, which are expected to impede global market growth.

This porridge market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the porridge market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Porridge Market

COVID-19 Pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. During the pandemic, demand for porridge increased as consumers sought food staples with a longer shelf life and that were healthy to consume. Manufacturers are having production issues due to a lack of raw materials and labour. Following the pandemic, the market demand for porridge will increase as consumers seek healthy food products that boost anti-oxidants in the body.

Recent Development

  • Above Food Corp. will acquire Sonic Milling Systems, Ltd., a well-known food technology company focused on developing processing methods for plant-based ingredients and products. Sonic Milling's hydrodynamic-cavitation technology uses pressure and water to create microscopic air bubbles that can break apart a variety of ingredients such as fruits, vegetables, and pulses to create clean label liquids and sauces without the use of stabilisers. Above Food Corp. used the technology to create oat beverage, oat creamer, and oat concentrate for a variety of North American retailers and brands.
  • MOMA, a British oat milk company, has announced the release of its latest chilled oat milk, which will be available in two varieties: semi and whole. Both products will be available at 220 Waitrose stores across the country, with additional retailers such as Ocado and Morrisons to follow. According to MOMA, the new oat milk products are barista-quality and can foam perfectly without splitting. Unlike other brands, these varieties are made in the United Kingdom and are not made from concentrate.

Global Porridge Market Scope

The porridge market is segmented on the basis of type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type 

  • Oat
  • Maize
  • Wheat
  • Rice
  • Millet

Distribution channel

  • Hypermarkets
  • Supermarkets
  • Specialty Stores
  • Departmental Stores

Porridge Market Regional Analysis/Insights

The porridge market is analysed and market size insights and trends are provided by country, of type and distribution channel as referenced above.

The countries covered in the porridge market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.

The North American oats market is the largest in the world, followed by Europe. Popularity for porridge is increasing due to rising health consciousness and quality food consumption patterns in these regions' developed countries, contributing to the oats market's positive growth. The major oats shippers are the United States, China, Saudi Arabia, France, and India. Created trading channels and a preference for high-quality food are also propelling market growth in these countries.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Porridge Market Share Analysis

The porridge 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 porridge market.

Some of the major players operating in the porridge market are:

  • The Quaker Oats Company (U.S.)
  • Blue Lake Milling Pty Ltd (Australia)
  • Grain Millers, Inc. (U.S.)
  • Morning Foods Ltd (U.K.)
  • General Mills, Inc. (U.S.)
  • Avena Foods Limited (Canada)
  • Richardson International (Canada)


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Frequently Asked Questions

The Porridge Market is expected to grow at a rate of market is 7.50% during the forecast period of 2022 to 2029.
The Porridge Market value is expected USD 429.64 million by 2029.
The major players operating in the Porridge Market are The Quaker Oats Company (U.S.), Blue Lake Milling Pty Ltd (Australia), Grain Millers, Inc. (U.S.), Morning Foods Ltd (U.K.), General Mills, Inc. (U.S.), Avena Foods Limited (Canada), Richardson International (Canada).
The major countries covered in the Porridge Market are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.