According to a report from Fact.MR, a prominent market research and competitive intelligence provider, the global Roasted Grain Ingredient Market is anticipated to reach a valuation of US$ 23,256.3 million by 2024, experiencing a steady growth trajectory with a 4.5% Compound Annual Growth Rate (CAGR) until 2034. The market is expected to achieve a significant milestone, surpassing a valuation of US$ 36,096.2 million by the year 2034.
The increasing demand for functional ingredients such as roasted grains in animal feed and bakery products is a key driver for the growth of the roasted grain ingredient market. The surge in demand is particularly attributed to the preference for superfood products for animals, including roasted soybeans, due to their nutritionally dense profile, providing a quick energy boost. In response to this trend, leading feed ingredient producers in developed countries are actively introducing roasted soybeans to feed producers. These factors collectively contribute to the escalating demand for roasted grain ingredients.
Primary Sections of Research Report on the Roasted Grain Ingredient Industry
The increasing demand for organic and non-GMO food products, driven by their significant health benefits, is molding the landscape of the roasted grain ingredient market. Recognizing the substantial potential in this segment, key manufacturers are introducing organic roasted grain offerings, a move expected to contribute to the expansion of the market in the forthcoming years.
According to an analyst at Fact.MR, “Market players are redirecting their focus towards emerging economies with lower penetration rates. Additionally, prominent participants are capitalizing on the growing consumer demand for organic roasted grain ingredients, particularly in developed countries.”
Key Takeaways from the Market Study
- The North America roasted grain ingredient market is projected to acquire a value share of 24.7% in 2024. Over the next ten years, however, the region is anticipated to lose its share to the other areas as manufacturers venture out for more profitable prospects in immature markets.
- East Asia is anticipated to gain a value share of 23.6% in 2024. By 2034, the region is set to acquire a higher market share of 25.4%, increasing at a pace of 5.3% CAGR.
- Mexico is projected to expand at a CAGR of 7.2% through 2034, showcasing significant potential over the next decade.
- China, one of the leading markets for roasted grain ingredients, is projected to generate revenue worth US$ 6,377.6 million by 2034.
Leading Strategies Adopted by Leading Players
Leading players are increasing their influence in the market by adopting marketing and promotional tactics to remain in consumers’ sight. Additionally, players are increasing their production capacities to fulfill the increasing demand for roasted grain ingredients among end-use industries. Emerging business opportunities in developing countries are bringing these markets under leading players’ radar. Further, players are launching innovative product offerings to stir consumer interest.
Recent Developments
- In March 2023, Sweetgreen, a mission-driven restaurant brand, added Chipotle Chicken Burrito Bowl, a protein-packed all-grains bowl with zero leafy greens.
- In 2022, Hershey applied for a patent for utilizing roasted grains like oats, corn, rice, millet, wheat, or sorghum in its vegan chocolate products as a substitute for dairy.
Key Companies
- SunOpta Inc.
- Muntons Malted Ingredients Inc.
- Palatia Malz GmbH
- Boortmalt
- Rahr Malting Company
- Malteurop Group
- Interquell
- Castle Malting
- Bairds Malt
- Simpsons Malt
- Proximity Malt
- AIT Ingredients
- IREKS GmbH
- KLC Farms Roasting
- Natural Products, Inc.
- The Swaen
- Thomas Fawcett & Sons Ltd.
- McGeary Organics, Inc.
- Mouterij Dingemans
- Müller Albert Malzfabrik GmbH & Co.
- Others
Dominance of Traditional Roasted Grain Ingredients Evident with Substantial Market Share
The most recent market assessment highlights the significant market share held by conventional roasted grain ingredients, expected to reach 66.60% by 2024. The projected value for this segment is estimated to be US$ 15,489 million in 2024.
Demonstrating a steady growth trajectory at a CAGR of 4.1% until the conclusion of 2034, the market is poised to attain US$ 23,246 million by the end of that period. The ascendancy of this segment is attributed to the cost-effectiveness and large-scale production capabilities of conventional roasted grain ingredients.
Despite the prevailing dominance of conventional options, manufacturers are strategically adapting to evolving consumer preferences, particularly the rising demand for organic alternatives.
This shift signifies a heightened consumer awareness regarding the advantages of incorporating organic food products into their diet. Consequently, the market share for organic variants is anticipated to increase from 33.40% in 2024 to 35.60% by the year 2034.
