The universal Porridge Market research report has been organized with the most advanced insight and analysis to give maximum benefits to the Porridge Market industry. The report can be used by both established and new players in the industry for complete understanding of the market. Besides, this marketing report also includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. The scope of an excellent Porridge Market report involves industry research, customer insights, market sizing and forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment.
All the data, statistics, and information composed in the top notch Porridge Market report has been studied and analyzed with the demonstrated tools and techniques such as SWOT analysis and Porter's Five Forces analysis. This industry report provides a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This market report acts upon systematic gathering, recording and analysis of data for the concerns linked to the marketing of goods and services and thereby serve the Porridge Market industry with an excellent market research report. Granular market information assembled in the significant Porridge Market report will be helpful to Porridge Market industry to take competent business decisions.
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People's changing food consumption patterns and increasing preference for healthy meals drive the growth of the global porridge market. Porridge is beneficial because it is highly nutritious and contains dieting fibres, providing a wholesome meal and preventing overeating. This, in turn, prevents weight gain, lowers the risk of high cholesterol, and regulates blood sugar. Porridge with a high carbohydrate content improves brain function. Furthermore, porridge contains beta-glucan and fibre, both of which aid in the prevention of cardiovascular disease, constipation, and the regulation of bowel movements.
Data Bridge Market Research analyses that the porridge market was valued at USD 240.9 million in 2021 and is expected to reach the value of USD 429.64 million by 2029, at a CAGR of 7.50% during the forecast period of 2022-2029.
Market Definition
Porridge is a popular breakfast cereal dish. It is prepared by combining ground, crushed, or chopped starchy grains with water or milk. To make a sweet cereal, it is served with additional flavourings such as honey, dried fruit, sugar, or syrup. To make a savoury dish, combine it with spices and vegetables.
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Type (Oat, Maize, Wheat, Rice, Millet), Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Departmental Stores) |
Countries Covered | U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina rest of South America |
Market Players Covered | The Quaker Oats Company (U.S.), Blue Lake Milling Pty Ltd (Australia), Grain Millers, Inc. (U.S.), Morning Foods Ltd (U.K.), General Mills, Inc. (U.S.), Avena Foods Limited (Canada), Richardson International (Canada) |
Opportunities |
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Drivers
- The rise in the adoption of porridge as an healthy substitute
The key factors driving global demand for porridge are an increase in consumer demand for healthy food options and changing food consumption patterns. Furthermore, the rising consumer preference for a wholesome breakfast consisting of ready-to-eat food items is expected to boost the porridge market over the forecast period. Furthermore, shifting toward healthier foods to prevent cardiovascular disease and control blood sugar levels positively impacts the global porridge market.
- The use of porridge as an dairy replacement for lactose intolerants
Porridge has been shown to be a good dairy substitute, particularly when making ice cream. This is due to its creamy texture when heated and the fact that porridge is high in carbohydrates, fats, and protein. These are the nutrients found in milk or milk products. As the production of such products increases, so does the demand for porridge. Porridge is also used in dairy products to give them a creamier texture.
Opportunity
Food and beverage manufacturers are considering the health benefits of porridge and adding significant constituents to make products more delectable and nutritious. Aside from that, using porridge for disease prevention and health maintenance is expected to fuel a positive growth in value during the forecast period. Baked goods typically use wheat flour; however, porridge, along with wheat flour, has a new healthy and delicious baking use; as a result, porridge demand is expected to rise.
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Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-porridge-market
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