Porridge Market Poised to Grow at a CAGR of healthy by 2024
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
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.
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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
Global Porridge Market by
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.
The Quaker Oats Company
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