21 Mar

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Porridge Market Poised to Grow at a CAGR of healthy by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Porridge Market. The report presents analysis of global as well as regional markets of porridge market over the period of 2016 to 2024. Changing food consumption patterns of people and increasing preference for healthy meals are driving the growth of the global porridge market. In addition, inclination of consumers towards a wholesome breakfast consisting of ready-to-eat food items and surge in demand for hot cereal products supplement the market growth. Other factors that are driving the porridge markets are the growing awareness among consumers about benefits offered by the porridge, such as its high fiber and protein content, sugarless and gluten-free products. All these benefits represent porridge as a preferred choice among healthy conscious consumers. It is also easy to cook and take less time than traditional meals that makes it a preferred choice, over other cereal products. Furthermore, increasing demand for ready to eat foods, and healthy breakfast products is expected to drive the growth of porridge market. However, prevalent general misconception about porridge that it is food of patients, high cost of packaged porridge compared to other breakfast choices restrict the growth of this market. New ingredients, such as kale and sea buckthorn that are richer in fibers and vitamin E, C, and K.

 

On the basis of region, the Global porridge market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Europe accounts for the major market share followed by North America. Market of porridge is growing due to increasing preference for healthy meals, and changing food habits in different countries. Porridge is one of the major staple food of Scotland and Nordic countries, and other European countries. In these countries, porridge is considered as most nutritious food. Additionally, it is highly preferred by the consumers who are health conscious and always look for high protein and fiber meals. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global porridge market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global porridge market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1795

 

The recent report identified that North America dominated the global porridge market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the porridge market worldwide.

 

The report segments the global porridge market on the basis of Type and Distribution Channel.

 

Global Porridge Market by Type 

·         Oat

·         Maize

·         Wheat

·         Rice

·         Millet

 

Global Porridge Market by Distribution Channel

·         Hypermarkets

·         Supermarkets

·         Specialty Stores

·         Departmental Stores

 

Companies Profiled in the Report

·         Abbott Nutrition Inc.

·         ABF Grain Products Limited

·         Bagrry's India Ltd.

·         Conagra Foods Inc.

·         Dr. McDougall's Right Foods

·         General Mills Inc.

·         Kellogg Company

·         McCanns

·         Nestle S.A.

·         The Quaker Oats Company

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.