About Farina
Farina is defined as the quick cooking wheat cereal which is good source of vitaminsB and carbohydrates. It provides various benefit such as protein for growth, iron for healthy blood and others. It is used in various areas such as use farina as a coating for baked meat, fish, chicken, substitute for cornmeal in any recipe, use farina in meat loaf and others. Increasing production of wheat and rising disposal income among middle class families are some of the major factor which affect the growth of market in future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Farina market is a mature but competitive market. Major players dominate the market, but niche players and private label brands are also competing for market share. The market is expected to grow in the coming years, driven by factors such as the growing health and wellness trend and the convenience of farina as a breakfast option. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Farina market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kraft Foods (United States), B&G Foods (United States), Malt-O-Meal (United States), General Mills, Inc. (United States) and Kellogg's (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Farina market by Type (Cream of White, Malt-o-meal and Farina Meals) and Region.
On the basis of geography, the market of Farina has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hypermarkets/supermarkets will boost the Farina market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredient , the sub-segment i.e. Brown Sugar will boost the Farina market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Customer from Online Channel
Market Growth Drivers:
Increase production of wheat will affect the growth of the market in the future. According to the Government of China, China is one of the largest producers of wheat. In addition, more than 126 million metric tons of wheat are produced by the country per year, on a land area of 24 million hectares. Hence, it will drive the growth of the market.
Challenges:
Lack of Awareness about Farina Products
Restraints:
Stringent Rules and Regulating
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In November 2023, DUAL North America, Inc. has announced its entry into the Surety marketplace with the launch of its new Surety underwriting division led by Mark Farina and Brendan Keating. DUAL has partnered with leading specialty insurer AXIS Capital in offering these services and has secured delegated authority from AXIS Insurance Company for U.S. surety business. The Illinois-domiciled company is admitted in all 50 states and the District of Columbia and boasts an A.M. Best “A” rating and an “A+” S&P rating. In combination with available referral capacity, the arrangement provides DUAL and its U.S. clients
In August 2023, Conformal Medical, Inc., a medical device company developing next-generation left atrial appendage occlusion (LAAO) technology, today announced the appointment of Melissa Farina as Chief Financial Officer. With over two decades in the medical device industry, Farina has senior finance leadership experience with both public and private companies.
According to Government of India, “To guide States/UTs on reforms in their Agricultural Marketing Regulations and for development and management of agricultural produce markets”.
Key Target Audience
Farina Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.