The fermented cereals market will observe a positive growth trajectory across the assessment period of 2018-2028. The preference for fermented cereals has been rising at an accelerated rate among a considerable chunk of the populace and hence, this factor will have a large impact on the growth of the fermented cereals market.
- The rising prevalence of health-consciousness among many individuals will have a massive impact on the growth of the fermented cereals market. The benefits derived from the consumption of fermented cereals will bring exponential growth for the global market. Cereals are rich sources of minerals, carbohydrates, and vitamins. These factors attract considerable growth for the fermented cereals market.
- The players in the fermented cereals market are involved in a range of activities that help in supporting the growth cycle. Research and development activities are vital ones. Investment in these activities helps the players gain more insights into fermented cereals. These insights assist in fulfilling the revenue-generation aspects, ultimately increasing the growth rate of the fermented cereals market.
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- Strategic collaborations have a major role in the growth of the fermented cereals market. Mergers and acquisitions form the crux of the fermented cereals market growth and enable them to increase their foothold.
Fermented Cereals Market Outlook
Humans have been aware of the fermentative activities of microorganisms since the beginning of human civilization. With the utilization of microorganism, humans have been producing many fermented food and beverages. Likewise, fermented cereals have also been used to make many traditional food items for a very long time across the globe. Fermented cereals are fermented with the help of lactic acid bacteria.
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Preparation of various traditional food by fermented cereals remains as a house art. Fermented cereals are used to produce batter in homes as well as food industries. Fermented cereals are accounted to be one of the most important sources of carbohydrates, vitamins and minerals for people all over the world. The consumption of fermented cereal has increased among health-conscious people as fermentation process the level of non-digestible poly and oligosaccharides along with carbohydrates. The demand for fermented cereals is expected to rise owing to the increased level of lysine, fibre, and dietary proteins.
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Fermented Cereals Market: Reasons for Covering this Title
Fermented foods contribute to about one-third of the diet worldwide. So, fermented cereals also become an important part of human food. Owing to the health benefits of fermented cereals such as optimization of the immune and digestive system, improvement of mood and detoxification of body is expected to drive the growth of the fermented cereal market over the forecast period. Fermented cereals are witnessing increasing adoption across various end-use industry sectors such as baking, functional foods etc. This is attributed to increasing consumer awareness due to rising inclination towards products that offer health benefits. Moreover, the heat required to cook fermented cereals is comparatively less, which help the working women population to prepare food for their family at a very less time.
Global Top 10 Importers of Cereal and Cereal Products, by Value (US$ Mn), 2016
Source: ITC & UN Comtrade
Global Fermented Cereals: Market Segmentation
On the basis of source, the global fermented cereals market has been segmented as –
- Rice
- Wheat
- Corn
- Sorghum
- Barley
- Others
On the basis of end use, the global fermented cereals market has been segmented as –
- Food
- Beverage
- Beer
- Sake
- Others
On the basis of sales channel, the global fermented cereals market has been segmented as –
- Supermarket/Hypermarket
- Convenience Store
- Specialty Store
- Online Store
- Others
Global Fermented Cereals Market: Key Players
Some of the key players operating in the global fermented cereals market are: iD Fresh Food, Yamato Soysauce & Miso Co., Ltd., PepsiCo, Inc., Puratos, IREKS GmbH, Ernst Böcker GmbH & Co. KG, Philibert Savours, Gits Food Products Pvt.Ltd, Lesaffre, Kampffmeyer Food Innovation GmbH, Dr. Otto Suwelack Nachf. GmbH & Co., Lesaffre, Philibert Savours, The Kornspitz Company GmbH, Maverix Platforms Pvt Ltd, Lallemand Inc., Aadhya Foods and MTR Foods Pvt Ltd.
Global Top 10 Cereal Producing Countries, by Volume (‘000 MT), 2016
Source: FAOSTAT, 2016
The global fermented cereals market has evolved over the time due to the increase in demand for fermented cereals based beverages and is expected to continue to grow in the same way, during the forecast period.
Key Developments across the Globe:
- In 2017, iD Fresh Food India Pvt. Ltd, launched a range of super food made from fermented cereals, Ragi Idly & Dosa Batter. This move helped the company to improve its product portfolio and increase its consumer base.
- iD Fresh Food India Pvt. Ltd, has started building three new manufacturing facility plants for fermented cereals based product, one in Mumbai, Bengaluru and Dubai. The company is focused to enhance its facility in order to enter new geographies.
- In July 2016, Kampffmeyer Food Innovation GmbH, introduced a fermented cereals based powdered marzipan replacer, which can be used in the production of various bakery products. This is an cost-effective ingredient for production of bakery products
Opportunities for Market Participants
Manufacturers could focus on developing innovative products with the use of fermented cereals. Fermented cereals are becoming immensely popular in the bakery industry due to its ability to enhance texture and strengthen shelf life of end products, these attribute of fermented cereals has attracted the eyes of various manufacturers, but involvement of big players is missing, which could be a big opportunity for the players those who are entering in the fermented cereals market. It is known that the probiotic market is growing significantly across the globe, as the fermented cereals contain probiotics (lactic acid bacteria) in it, manufacturers could focus on producing fermented cereals based probiotic food product with the use of this microorganism, which in turn will help the fermented cereals market grow significantly over the forecast period.
