The sales of whole grain & high fiber is estimated to be valued at USD 50,872.6 Million in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach USD 105,379.4 Million by 2032, rising at a CAGR of 7.6% for 2022 to 2032.
Attribute | Details |
---|---|
Market Size Value in 2022 | USD 50,872.6 Million |
Market Forecast Value in 2032 | USD 105,379.4 Million |
Global Growth Rate (2022 to 2032) | 7.6% |
Forecast Period | 2022 to 2032 |
According to the Market Research analysis, Kellogg Company, George Weston Limited, Riviana Foods Inc, Pinnacle Foods Inc., General Mills Inc., The Quaker Oats Company, La Brea Bakery Inc, Warburtons Limited, Mckee Foods, The Hain Celestial Group Inc, Nestlé S.A, Kind LLC, Mondelez International are identified as key Whole Grain & High Fiber Foods brands.
People have been urged to upgrade to a higher level of living as their discretionary income has increased. This includes their food habits as well. Obesity affects about half of the world's population as a result of irregular eating and sleeping patterns. As a result, public awareness campaigns encouraging people to improve their health and fitness are boosting the entire market for whole grain and high fibre meals. This is also due to the fact that they contain more beneficial nutrients.
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Particulars | Details |
---|---|
H1 2021 | 7.5% |
H1 2022 Projected | 7.6% |
H1 2022 Expected | 8.4% |
BPS Change | - 83.7 ↓ |
FMI presents a half-yearly comparison analysis and review of the market growth rates and further development prospects in the global market. The market is predominantly influenced by certain demographic and innovation factors under the subjective impact of macro and industry factors.
Some new developments that have taken place in these markets include:
The global market for Whole Grain & High Fiber Foods has witnessed H1 2021 growth at the magnitude of 7.5%. However, this growth is not evenly spread across all regions, with the developing markets recording higher growth rates of 8.4%. Thus, leaving the gap of -83.7 BPS points between expected and projected growth during H1 2022.
Key reasons for this change in growth rate are attributed to slow/rapid uptake of the market during the first half of the forecast period owing to improving end-user demand in key economies and their booming populations.
In particular, China and India are both seeing an increase in their consumption pattern, resulting in increased demand for the Whole Grain & High Fiber Foods market. Additionally, many other market segments are expected to perform fairly and attain promising growth prospects in the next half of the projection period.
Despite these positive prospects, there are some likely challenges that stay ahead for the industry including a shift in consumer preferences, stringent trade barriers, and a low degree of security in raw material supply, and other manufacturing inputs.
Bakery items, morning cereals, chips & snacks, protein bars, and lasagne & noodles are the product types that make up the global whole grain & high fibre foods market. Baked goods, pastries & desserts, baking components & mixtures, and prepared frozen foods to make up the bakery products section in the whole grain & high fibre foods industry.
Likewise, the whole grain & high fibre foods industry's breakfast cereals section is divided into flakes, granola and muesli. Snack bars are predicted to rise at a substantial rate of 11% in terms of revenue, among all these product kinds over the projected period.
Corn flour, wheat, rice flour, oatmeal, barley, and multi-grain foods are all sources of whole grains and high fibre diets. Sources like bulgur, spelt, teff, millet, and chic, on the other hand, are predicted to increase at a quicker rate, i.e. 9% in terms of value sales throughout the projection period throughout the whole grain & high fibre foods market.
The worldwide whole grain and high fibre foods industry is divided into five categories based on flavour: Vanilla, fruits, honey, nuts, and chocolate. Among such flavours, the fruits flavour category has a higher value market, accounting for 42% of the whole grain & high fibre foods market in 2021.
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The conventional and organic sectors of the global whole grain and high fibre foods market are also separated. However, the traditional category has a larger market share, the organic segment is predicted to increase at a faster rate i.e. 11% throughout the forecasted period for whole grain and high fibre foods.
Japan, Latin America, North America, Europe, APEJ, Western Europe and the Middle East and Africa are the primary regions that make up the worldwide whole grain and high fibre foods market. This research examines the global factors driving every segment's expansion and provides potential implications for whole grain and high fibre food makers wishing to enter the industry.
Latin America, followed by North America, is expected to dominate literally the entire grain and high fibre foods market by 2032, contributing to the largest revenue proportion. By the end of 2032, North and Latin America are predicted to have a combined revenue share of 63% of the worldwide whole grain and high fibre foods market.
Consumers are finding it increasingly difficult to prepare the food and handle their hectic schedules as their lifestyles change. Whole grains and high fibre food makers are continually creating and introducing on-the-go items to fix this issue. Many firms are also concentrating on producing products that reduce the baking time. Furthermore, several whole grains & high fibre food producers have established production objectives for the predicted years in order to increase their market share in the stronger products category in response to customer demand for food with high nutritional attributes.
For example, Barilla GER which is a bakery & confectionery goods manufacturer is aiming to make whole grains and high fibre products, and high-protein items, contributing to at least 35% of total production by 2032.
This emphasis is also projected to maintain a balance in the industry's price and quantity of healthcare products, driving market expansion even further.
Customers who want to cut carbs and have sensitivities to flour are still not likely to purchase whole-grain meals. Wheat flour demand had previously decreased as a result of customers reducing their carbohydrate intake. Consumers are choosing for high-protein, reduced carbs diet as a result of this trend. The increased demand for gluten-free foods has recently slowed the flour industry's growth.
As a result, it's evident that gluten-intolerant customers are looking for new ways to satisfy their need for increased fibre foods other than whole grain goods, which now dominate the industry. Furthermore, R&D in the field of food supplements has resulted in the development of a number of functional additives, such as prebiotic compounds, that increase dietary fibre levels without containing gluten. These products are still major players in the industry for whole grains and high fibre diets, and they may cause problems.
Attribute | Details |
---|---|
Market Size Value in 2021 | USD 50,872.6 Million |
Market Forecast Value in 2032 | USD 105,379.4 Million |
Global Growth Rate | 7.6% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | MT for Volume and USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; Japan; APEJ and MEA |
Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, EU5, Russia, Poland, China, ASEAN, Australia and New Zealand, Japan, GCC countries, Ethopia, North Africa, South Africa, others. |
Key Market Segments Covered | Product Type, Component, Equipment, Application, End user, Region |
Key Companies Profiled | Kellogg Company; George Weston Limited; Riviana Foods Inc; Pinnacle Foods Inc.; General Mills Inc.; The Quaker Oats Company; La Brea Bakery Inc; Warburtons Limited; Mckee Foods; The Hain Celestial Group Inc; Nestlé S.A; Kind LLC; Mondelez International |
Pricing | Available upon Request |
The whole grain & high fiber foods market is expected to develop at a CAGR of 7.6% through 2032.
The Asia Pacific region is the leading region in the whole grain & high fiber foods market.
The projected market value of the global whole grain & high fiber foods market for 2032 is USD 105,379.4 million.
Key players are developing the market by focusing on innovation and product development.
China, India, the United States, Japan, and Germany are the leading countries in this market.
Estimated Market Size (2024E) | USD 1,825.9 million |
---|---|
Projected Market Value (2034F) | USD 3,207.8 million |
Value-based CAGR (2024 to 2034) | 5.8% |
Market Size (2024E) | USD 257.38 million |
---|---|
Market Valuation (2034F) | USD 894.07 million |
Value-based CAGR (2024 to 2034) | 13.3% |
Expected Base Year Value (2023) | USD 3.83 billion |
---|---|
Anticipated Forecast Value (2033) | USD 5.98 billion |
Estimated Growth (2023 to 2033) | 4.6% CAGR |
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