Report forecasts 2% CAGR for cereal ingredients
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DALLAS — A report released this month by MarketsandMarkets projects the global cereal ingredients market to increase at a compound annual growth rate of 2% from 2014 to 2019 and reach $755.4 million by 2019. While North America is the largest market, the report projects Asia-Pacific to have the fastest growth. The report features two other markets: Europe and the rest of the world. “There is an increasing trend toward the consumption of processed food products in developing countries, which further signifies the increasing use of breakfast cereal ingredients,” the report said.