NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- IndexBox, a leading analytics and research firm, has published a new report on the global cereal grain market, offering an extensive analysis and forecast until 2030. This pivotal report is now available on their website here, and IndexBox is offering a trial access to their comprehensive market data on the platform.
Industry Overview by Segment and Region
The report delves into the cereal grains market, segmenting it by type, use, and region. It underscores significant growth, driven by the staple nature of grains in global diets. Key regions including North America, Europe, Asia-Pacific, particularly countries like the United States, China, and India, are highlighted as major producers and consumers in the grain market.
Projected to grow steadily through 2030, the global grain market’s expansion is fueled by factors such as the rising global population, increasing demand for plant-based foods, and the growing importance of grains in animal feed. Advances in agricultural technology and practices also contribute significantly to this growth.
The primary growth drivers for the grain market are the escalating demand in the food and beverage industry, the increasing use of grains in animal feed, and the growing global need for biofuels. However, challenges like climate change impacts and fluctuating global commodity prices pose potential risks to market stability.
Demand for cereal grains is influenced by changing dietary habits, with a noticeable shift towards whole grain and health-focused products. Additionally, the expanding vegan and vegetarian population globally impacts grain consumption patterns.
Major Consuming Industries
Major industries consuming cereal grains include the food processing sector, animal feed production, and the biofuel industry. The performance and growth of these sectors directly affect the demand for various grains.
Largest Markets and Growth Prospects
The United States, China, and India are identified as the largest markets for cereal grains, with significant growth prospects owing to their extensive agricultural sectors and rising consumption in food and industrial applications.
The report lists the key manufacturers in the cereal grains industry, shedding light on their market positions, production capacities, and strategic initiatives:
1. Cargill
2. Archer Daniels Midland (ADM)
3. Bunge Limited
4. Louis Dreyfus Company
5. COFCO Corporation
Keywords: Grain Market, Market Forecast, Agricultural Trends, Food Industry, Animal Feed, Biofuels, Global Market Analysis, Crop Production, Health Trends, Market Research.
About IndexBox
IndexBox is a leading market research firm providing comprehensive data and analysis across various industries. With a vast array of reports and trial access to market data on the IndexBox platform, businesses can make informed decisions and stay ahead of the competition.
