Porridge is commonly eaten as a breakfast cereal dish. It is made by boiling ground, crushed, or chopped starchy grains in water or milk. It is served with added flavorings such as honey, dried fruit, sugar, or syrup to make a sweet cereal. It can also be mixed with spices and vegetables to make a savory dish. Oat porridge, also known as oatmeal, is one of the most common types of porridge. Oatmeal is often eaten for breakfast with salt, sugar, fruit, milk, cream or butter, and sometimes other flavorings. Oat porridge is also sold in ready-made or partly cooked form as an instant breakfast.
MARKET DYNAMICS
A surge in demand for healthy food options among the consumers, along with changing food consumption patterns of people are the key factors propelling the demand for porridge globally. Moreover, the rising inclination of consumers towards a wholesome breakfast consisting of ready-to-eat food items is further projected to boost the porridge market over the forecast period. However, the threat of contamination and higher cost of porridge as compared to other commercially available breakfast choices restrict this growth of the porridge market.
MARKET SCOPE
The "Global Porridge Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the porridge market with detailed market segmentation by type, distribution channel and geography. The global porridge market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading porridge market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global porridge market is segmented on the basis of type and distribution channel. On the basis of type, the porridge market is segmented into oat, maize, wheat, rice, and millet. The porridge market on the basis of distribution channel is classified into hypermarkets and supermarkets, specialty stores, convenience stores, and online.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global porridge market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The porridge market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the porridge market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the porridge market in these regions.
MARKET PLAYERS
The reports cover key developments in the porridge market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from porridge market are anticipated to lucrative growth opportunities in the future with the rising demand for Porridge in the global market. Below mentioned is the list of few companies engaged in the Porridge market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the porridge market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Nutrition Inc.
- ABF Grain Products Limited
- B&G Foods, Inc.
- Bagrry's India Ltd.
- Conagra Foods Inc.
- Dr. McDougall's Right Foods
- General Mills Inc.
- Kellogg Co.
- Nestle S.A.
- The Quaker Oats Company