Global Cereals and Pulses Market was valued at USD 25 Billion in 2022 and is projected to reach USD 40 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The cereals and pulses market has witnessed significant shifts in recent years, reflecting evolving consumer preferences and economic factors. Notably, Indian households have reduced their consumption of cereals and pulses by over 5% in both urban and rural areas. This trend indicates a move towards non-food expenditures, driven by rising incomes and changing lifestyles.
In the cereals sector, companies like WK Kellogg Co. have experienced notable developments. The company's stock surged 17% after exceeding third-quarter earnings expectations, primarily due to strong sales in granola and premium cereals. This suggests a growing consumer inclination towards health-focused and premium cereal options.
Conversely, the pulses market faces challenges such as persistent inflation. Experts predict that inflation in cereals and pulses will persist for the next couple of months, posing concerns for both consumers and policymakers. Factors contributing to this include supply chain disruptions and increased production costs.
From a personal perspective, I've observed these trends firsthand. In my community, there's a noticeable shift towards purchasing convenience foods over traditional staples like lentils and rice. Conversations with local shop owners reveal that while premium cereal products are gaining popularity, the sale of pulses has seen a decline, possibly due to rising prices and changing dietary habits.
These observations align with broader market analyses, highlighting the dynamic nature of the cereals and pulses market. As consumer preferences continue to evolve, stakeholders in this sector must adapt to meet new demands and address emerging challenges.
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VAP Foods ltd
Associated British Foods
Kellogg Company
Great American Spice Company
Döhler
Everest Spices
Riceland Foods
General Mills
Nestle S.A.
NHC Foods Ltd
PepsiCo Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cereals and Pulses Market
Supermarket & Hypermarket
Retail Store
Others
Based on Types the Market is categorized into Below types that held the largest Cereals and Pulses market share In 2023.
Rice
Pulses
Spices
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cereals and Pulses Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cereals and Pulses Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cereals and Pulses Market, By Type
6. Global Cereals and Pulses Market, By Application
7. Global Cereals and Pulses Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cereals and Pulses Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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