The global roasted grain ingredients market size is expected to exhibit robust growth owing to the extensive utilization of the product in producing beverages, states observes Fortune Business Insights™ in an upcoming report, titled, “Roasted Grain Ingredients Market Size, Share & Industry Analysis, By Type (Wheat, Barley, Rye, Chicory, Others), By Category (Organic, Conventional), By Application (Food and Beverage [Bakery, Savoury Snacks, Confectionery, Dairy, Beverages], Animal Feed) and Regional Forecast, 2020-2027.” Roasted grain ingredients, such as rye, barley, wheat, rice, and others, are also utilized in various bakery and confectionery foods. These grains are a rich source of fiber, protein, antioxidants, and minerals.
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The report comprises key drivers and restraints that helped us get a better understanding of the market. We went through various case studies and official data published by major players in the market in order to get detailed insights on segmentation. Our next step included qualitative and quantitative analysis of the market based on segmentation, involving both economic as well as non-economic factors.
Drivers & Restraints-
Rising Demand for Ready-to-eat Healthy Snacks among Consumers to Drive Growth
The increasing demand for healthy ready-to-eat snacks among consumers across the world is expected to drive the growth of the global roasted grain ingredients market. In addition, the rapidly surging consumption of globally is driving the demand for roasted grain ingredients, which is expected to further enhance growth. For instance, according to a new study by the Lancet, the volume of consumed per year globally has increased by nearly 70% between 1990 and 2017, from 20,999 million liters per year to 35,676 million liters per year.
Increasing Food Consumption and Expenditure in the Region to Aid Asia Pacific Lead
Asia pacific is estimated to lead the global roasted grain ingredients market owing to the increasing per capita food consumption and expenditure in the region. In addition, rapid urbanization and increasing disposable income of consumers in countries including India and China are expected to further drive growth. For instance, as per the survey by the United Nations (UN), nearly 40.76% of the total population living in India is expected to reside in urban areas by 2030.
The market in North America is anticipated to showcase remarkable growth in the near future. A large population in the region shifting toward vegan lifestyle and preferring plant-based snacks is expected to drive the growth of the roasted grain ingredients market.
Analyzing the Consumer Demand to Help Key Players Expand their Product Lines
The global roasted grain ingredients market consists of numerous enterprises focusing on the variety of their products. They are constantly analyzing the consumer demand to deliver the desired products. This will help them expand their product line, as well as their share in the industry. For instance, Proximity Malt, a leading malt producer in the U.K., offers various roasted malt products for craft brewing, as well as for home brewing.
- In September 2019, Terra Ingredients LLC, a subsidiary of AgMotion, Inc. and Stone Mill, LLC added new state-of-the-art roasting capabilities to their services. This new roasting facility offers new consumer specific products and improved traceability.
- In January 2018, Maple Leaf Foods, Inc. completed the acquisition of Field Roast Grain Meat Co., a grain-based protein and vegan cheese manufacturer. The acquisition is expected to expand the company’s plant-based product portfolio.
A List of Key Manufacturers Operating In the Global Roasted Grain Ingredients Market Report:
- Briess Malt & Ingredients Co.
- Muntons Malted Ingredients Inc.
- Palatia Malz GmbH
- Cargill, Incorporated
- SunOpta Inc.
- AgMotion, Inc.
- Stone Mill, LLC
- Proximity Malt
- Rahr Malting Company
- Castle Malting S.A.
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