From 2023 to 2033, the global cereal rolling machine market is expected to grow at a 5.8% CAGR. The cereal rolling machine market is expected to be worth US$1,732.7 million by the end of 2033, up from US$986.0 million in 2023.
Breakfast oats are processed grains for human consumption that are typically packaged and sold as either ready-to-eat (RTE) or hot cereals (HC), which require cooking before consumption. RTE grains are created through the sequential activities of cooking, shape framing, and drying, ensuring a variety of seasonings, sugars, nutrients, and minerals.
Chipped, puffed, destroyed, and expelled RTE cereals are produced by using entire grains or portions of grains of corn, wheat, rice, or oats. The major HC are moved oats in different structures, farina, and cornmeal.
Increasing consumption of breakfast cereals across the globe owing to rising popularity of ready-to-eat food, which is mainly pushed by fast-paced lifestyles of the working population, is projected to drive the global cereal rolling machine market in the next ten years. Expansion of retail infrastructures in both developed and developing economies is another crucial factor that is expected to aid growth.
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Resurgence of cereals for breakfast and rising at-home breakfast eating are some of the other significant factors that are expected to drive the market. As taste is considered to be the top priority among consumers when it comes to breakfast cereals, key companies are introducing innovative cereal products that are not only tasty but also good for one’s health.
Key Takeaways: Cereal Rolling Machine Market
· In the historical period from 2018–2022, the global cereal rolling machine market witnessed steady growth at a CAGR of 4.7%.
· The cereal rolling machine market in the U.S. is projected to showcase considerable growth at a CAGR of 68% in the assessment period.
· The North America cereal rolling machine is expected to register a 38% CAGR between 2023 and 2033.
· The China cereal rolling machine market is projected to grow at a CAGR of around 32% over the next ten years.
· The Europe cereal rolling machine market is expected to grow at 32% CAGR between 2023 and 2033.
“Rising consumption of processed food products and rapid shift of consumers towards nutritional food items in both emerging and developed countries is expected to drive the cereal rolling machine market. Besides, emergence of dual-screw cooking extruders in the field of cereal rolling machines is likely to aid growth,” says a lead analyst at Future Market Insights.
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Competitive Landscape: Cereal Rolling Machine Market
The top 5 manufacturers of in the cereal rolling machine market are Kellogg Co., Nestle, PepsiCo, Bagrry’s India Ltd, and Marico. Together, these companies are currently holding 20% to 30% of the global cereal rolling machine market share.
The global cereal rolling machine market is highly fragmented and competitive with the presence of a large number of international and local firms. The majority of these companies are focusing on launching state-of-the-art products by investing huge sums in research & development activities. A few other key players are engaging in mergers & acquisitions, collaborations, and joint ventures to co-develop unique products and expand their client base.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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