Organic Cereals Market Scenario
The Global Organic Cereals Market is estimated to expand by exhibiting 6.47% from 2019 to 2024 to expand and reach a valuation of USD 49.34 billion by the end of this time frame. This growth is primarily attributable to the increasing demand for nutrient-rich food. The organic cereal comprises oats, barley, wheat, maize, and sorghum, which are a rich source of vitamins and vitamin B.
The market growth can be attributable to increased consumption of snack bars and especially the gluten-free cereals. In addition, changing food habits under the influence of western culture and dietary patterns in the developing countries, which is propelling growth of the global Organic Cereal Market Share. Increasing introduction of newer products as well as testier products, which are estimated to offer multiple growth opportunities in the global Organic Cereals Market in the coming years.
In 2019, Danish company Christina Hansen is introducing the baby cereal line. With this product line, the company is trying to offer authentic and organic cereals. Launch of these products is driving growth of the global organic cereals market.
In July 2019, Healthy Times announced its expansion of distribution across Canada for providing baby teether category. The organic nutrition brand accelerates sales across North America with national grocery and e-commerce distribution in Canada. Such business expansion is estimated to open several doors and become beneficial for market growth in the coming years.
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Some of the major companies in the global Organic Cereals Market include Kellogg Co. (US), General Mills, Inc. (US), The Kroger Co (US), The Hain Celestial Group, Inc (US), Organic India Pvt. Ltd. (India), EcoFarms Ltd. (India), Cereal Partners Worldwide S.A. (Switzerland), Nestlé S.A. (Switzerland), Bagrrys India Ltd. (India), B&G Foods Inc. (US), Marico Limited (India), Pepsico, Inc. (US), Post Holdings Inc. (US), Medifast, Inc. (US), and The Jordans & Ryvita Company (UK)
The Organic Cereals Market is segmented on source, category, distribution channel, and region.
Based on Source, the Organic Cereals Market report is segmented into wheat, oats, barley, blended, and others.
Based on Category, the market report is segmented into conventional organic cereals and gluten-free organic cereals.
Based on the Distribution Channel, the Organic Cereals Market is segmented into store-based and non-store-based. Of these, store-based segment is sub-segmented into convenience stores, supermarkets & hypermarkets, and other.
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Regionally, the Organic Cereals Market is segmented into North America, Asia Pacific, Europe, and the Middle East & Africa. Of these, North America is estimated to remain dominant in the global Organic Cereals Market in the coming period owing to the high demand for organic food. Additionally, comparatively higher disposable income in the region than others is likely to drive the market, and growing health awareness is estimated to drive the market growth in the coming years.
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