Global Breakfast Cereals Market Outlook 2031
The global breakfast cereals market size was USD 104.27 Billion in 2022 and is anticipated to reach USD 193.31 Billion by 2031 expand at a substantial CAGR of 7.1% during the forecast period, 2023–2031. The growth of the market is attributed to the demand for quick and nutritious packaged breakfast cereals is expanding in both developed and emerging nations.
The need for healthy and low-calorie breakfast alternatives is increasing as the number of individuals suffering from diabetes, high blood pressure, obesity, and cardiovascular illnesses rises, which is projected to boost the breakfast cereal industry in the coming years. Breakfast cereals are traditional types of food made from grains such as wheat, oats, rice, and corn. Breakfast cereals are rich in fiber and minerals, as well as having a low cholesterol content.
Hot cereals and ready-to-eat cereals are available for these foods. Breakfast cereals are foods made mostly from grains or various grains, such as maize, oats, wheat, and others, and eaten as the day's first meal. Breakfast cereals are a healthy breakfast option for individuals of all ages because they can be consumed with milk and fresh fruits.
These cereals, which are created with whole grains and no added sugar, are a healthy and nutritious breakfast. Breakfast cereals are high in proteins, carbs, vitamins, and dietary fibers, all of which are beneficial to consumers' health.
Global Breakfast Cereals Market Trends, Drivers, Restraints, and Opportunities
- Rising faster as food retail infrastructure improves and people become more aware of the health benefit of eating grain-based breakfasts are projected to drive the market growth during the forecast period.
- Changes in consumer preferences, rising disposable income in emerging nations, and increased awareness of the value of a nutritious breakfast among consumers are anticipated to drive market expansion in the coming years.
- Increasing the risk of illnesses like diabetes, obesity, and heart disease as a result of sedentary lifestyles, people are becoming more interested in low-calorie foods is estimated to boost the market growth during the forecast period.
- Loss of nutritious value in breakfast cereals is projected to hamper market growth.
- Increasing availability of fast and low-cost, and nutritional meal choices are expected to restrict the market expansion.
- Increasing population and rising consumer disposable income are projected to provide profitable opportunities for the market in the coming years.
Scope of The Global Breakfast Cereals Market Report
The report on the global breakfast cereals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Breakfast Cereals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Ready-to-eat Cereals and Hot Cereals), Products (Blended/Mixed Breakfast Cereals and Corn-based Breakfast Cereals), Distribution Channels (Hypermarkets/Supermarkets, Online Retailers, Convenience Stores, Specialist Stores, and Online Retailors)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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PepsiCo; Nestle S.A.; Migros; Kellogg Company; Post Consumer Brands, LLC.; Freedom Foods Group Limited; Food for Life Baking Co. Inc.; Carman's Fine Foods Pty Ltd.; Back to Nature Foods Company, LLC.; Bob's Red Mill Natural Foods; Dr. Oetker; General Mills Inc.; Attune Foods, LLC ; and Marico Limited
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Global Breakfast Cereals Market Segment Insights
Hot cereals segment is projected to account for a large market share
Based on types, the global breakfast cereals market is segmented into ready-to-eat cereals and hot cereals. The hot cereals segment is expected to hold a key share of the market during the forecast period due to rising demand for multi-grain cereals that include grains, seeds, and beans, as well as increased acceptance of wholesome breakfast choices. Extrinsic flavors being included in product varieties, resulting in unique tastes, is projected to increase demand, particularly among children.
Blended/mixed breakfast cereals segment is expected to expand at a significant pace
On the basis of products, the market is divided into blended/mixed breakfast cereals and corn-based breakfast cereals. The blended/mixed breakfast cereals segment is expected to represent a key share of the market in the coming years owing to consumer appetite for this sort of cuisine is growing.
Online Retailers segment is anticipated to expand at a rapid CAGR
In terms of distribution channels, the global breakfast cereals market is segregated into hypermarkets/supermarkets, online retailers, convenience stores, specialist stores, and online retailers. The online retailers segment is expected to constitute a key share of the market during the forecast period due to smartphones and the internet are becoming more widely used globally.
Furthermore, online platforms provide individuals with unique benefits such as hassle-free shipping, appealing discounts, and more outstanding options, which can help the online retailers industry expand.
Asia Pacific segment is anticipated to expand at a rapid CAGR
In terms of regions, the global breakfast cereals market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The Asia Pacific segment is expected to constitute a key share of the market during the forecast period due to changes in breakfast cereals consumption patterns and inclination towards healthier products. Also, augmented adoption of the western lifestyle has paired the driving factors of the market sales.
Segments
The global breakfast cereals market has been segmented based on
Types
- Ready-to-eat Cereals
- Hot Cereals
Products
- Blended/Mixed Breakfast Cereals
- Corn-based Breakfast Cereals
Distribution Channels
- Hypermarkets/Supermarkets
- Online Retailers
- Convenience Stores
- Specialist Stores
- Online Retailors
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- PepsiCo
- Nestle S.A.
- Migros
- Kellogg Company
- Post Consumer Brands, LLC.
- Freedom Foods Group Limited
- Food for Life Baking Co. Inc.
- Carman's Fine Foods Pty Ltd.
- Back to Nature Foods Company, LLC.
- Bob's Red Mill Natural Foods
- Dr. Oetker
- General Mills Inc.
- Attune Foods, LLC
- Marico Limited
Competitive Landscape
Key players competing in the global breakfast cereals market are PepsiCo; Nestle S.A.; Migros; Kellogg Company; Post Consumer Brands, LLC.; Freedom Foods Group Limited; Food for Life Baking Co. Inc.; Carman's Fine Foods Pty Ltd.; Back to Nature Foods Company, LLC.; Bob's Red Mill Natural Foods; Dr. Oetker; General Mills Inc.; Attune Foods, LLC; and Marico Limited. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
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