The global porridge market is anticipated to grow at a CAGR of 6.5% during the forecast period (2022-2028). Porridge is a dish consisting of oatmeal, or another meal or cereal boiled in water or milk. The market growth is majorly attributable to the growing demand for nutritious and super foods across the globe. Adding to this, the nutritious properties of this food is also growing its adoption particularly among the youth population across the globe. It is quite rich in fiber which further targets population prone to constipation and other digestive issues. All these factors are likely to spur the growth of the global porridge market.
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In addition to this, shift in the food consumption patterns of individuals owing to the adoption of healthy lifestyle has led to an increase in the adoption of healthy meals. People are also shifting to a wholesome breakfast consisting of ready-to-eat food items also leading to the rise in the demand for hot cereal products supplement. Addition of new ingredients, such as kale and sea buckthorn, which are richer in fibers and vitamin E, C, and K, have been found to develop low-cholesterol, extra healthy, and satiating porridge. Incorporating these changes into the porridge composition may also serve as a major opportunity for the market growth.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Distribution Channel
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Abbott Laboratories, General Mills Inc., and Kellogg Co., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Porridge Market Report by Segment
By Type
- Oat
- Maize
- Wheat
- Rice
- Millet
By Distribution Channel
- Hypermarkets and Supermarkets
- Specialty Stores
- Online Stores
- Departmental Stores
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