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Global Porridge Market – Industry Trends and Forecast to 2030

Food & Beverage

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Global Porridge Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Dec 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Porridge Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 255.86 Million
Diagram Market Size (Forecast Year) USD 414.31 Million
Diagram CAGR %

Global Porridge Market, By Type (Oat, Maize, Wheat, Rice, Millet), Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Departmental Stores) – Industry Trends and Forecast to 2030.

Porridge Market

Porridge 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 analyzes that the porridge market, which was USD 255.86 million in 2022, will reach USD 414.31 million by 2030 and is expected to undergo a CAGR of 6.21% during the forecast period. “Oat” dominate the product segment of the market as it is widely due to its nutritional benefits, versatility, and ability to create a creamy texture, making it a popular and wholesome choice for a hearty breakfast option. Its neutral taste, easy digestibility, and sustainability further contribute to its popularity in various food and beverage applications. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

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

Segments Covered

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

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

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)

Market Opportunities

  • Growth in the deployment of advanced technologies
  • High cost of raw material
  • Rising research and development opportunities

Porridge Market Definition

Porridge is a nourishing dish crafted by simmering grains or legumes in water or milk, a culinary tradition spanning various cultures globally. This wholesome concoction boasts a versatile nature, with common ingredients like oats, rice, or cornmeal forming the foundation. The cooking process involves a gentle simmer, allowing the grains to absorb the liquid and soften, producing a delightful amalgamation of flavors and textures. Porridge's appeal lies not only in its simplicity but also in its adaptability to diverse palates, as it accommodates both savory and sweet variations. Rich in carbohydrates, fiber, and essential nutrients, porridge is renowned for providing sustained energy and promoting a sense of fullness. Whether enjoyed as a comforting breakfast staple or a soothing evening meal, porridge symbolizes a timeless and universal expression of culinary comfort, offering a warm and satisfying experience that transcends cultural boundaries.

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 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. It is also used in dairy products to give them a creamier texture.

 Opportunities

  • Health and wellness trend

The increasing consumer focus on health and wellness, is positioning porridge as a nutritious and wholesome breakfast option. The porridge market has witnessed a significant shift towards health and wellness trends, reflecting consumers' increasing preference for nutritious and wholesome options. Whole grains and ancient grains have become focal points, with oats, quinoa, and amaranth emerging as popular choices. These grains offer not only satisfying textures but also a rich array of essential nutrients, contributing to a well-balanced diet.

  • Ingredient diversification

Explore opportunities to diversify porridge ingredients, incorporating trendy grains like quinoa, chia seeds, or ancient grains to cater to changing tastes. The inclusion of diverse fruits, nuts, and spices has become commonplace, adding both flavor and additional health benefits. These ingredient innovations cater to consumer preferences for variety, taste, and health-conscious choices, reflecting a dynamic shift in the porridge market towards a more inclusive and nutritionally diverse landscape. Manufacturers are increasingly focusing on creating a sensorial experience for consumers, combining traditional comfort with innovative and health-promoting ingredients to meet the evolving demands of a discerning market.

Restraints/Challenges

  • Balancing convenience and eco-friendliness

Navigate the challenge of maintaining convenience while adopting eco-friendly packaging and sustainable sourcing practices.The use of locally sourced ingredients and the promotion of sustainable farming practices contribute to the eco-friendly narrative, resonating with consumers who prioritize ethical and environmentally conscious choices. This delicate balance between convenience and eco-friendliness not only addresses consumer demands but also positions porridge brands as socially responsible players in the market, fostering a positive brand image in an era where sustainability considerations are increasingly integral to consumer decision-making.

  • Competition from alternatives

In the dynamic porridge market, various alternatives compete to cater to diverse consumer preferences and nutritional needs. Oatmeal, recognized for its heart-healthy properties and quick preparation, contends as a popular choice, emphasizing its smooth texture and broad appeal. Quinoa porridge emerges as a gluten-free alternative, boasting a complete protein profile and versatility, challenging traditional notions of porridge taste. Rice porridge, or congee, competes on the grounds of comfort food, particularly in Asian cuisines, with its mild taste and ease of digestion, prompting the need to adapt flavors for global palates. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, the heavy custom duty imposed on medical devices, and the lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This global porridge market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market. It delivers information by considering the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

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

Regional Analysis/Insights: Porridge Market

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

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

North America is expected to dominate the market as this region and is anticipated to witness significant growth during the forecast period of 2023 to 2030 due to the 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 country section of the report also provides individual market impacting factors and changes in regulation in the market domestically 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, the 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 of competitors. 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 the 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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Porridge Market will be worth USD 414.31 million in the forecast period by 2030.
The Porridge Market growth rate is 6.21% during the forecast period.
The rise in the adoption of porridge as an healthy substitute and use of porridge as an dairy replacement for lactose intolerants are the growth drivers of the Porridge Market.
The type, and distribution channel are the factors on which the Porridge Market research is based.
Major companies in the Porridge Market are 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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