Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the breakfast cereal market provides an in-depth analysis of segments and sub-segments in the global as well as regional breakfast cereal market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional breakfast cereal market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global breakfast cereal market. According to the report, the global breakfast cereal market is projected to grow at a CAGR of about 7% over the forecast period of 2022-2028.
The global breakfast cereal market was valued at nearly 42 Billion in 2022 and is expected to reach over USD 60 Billion in 2028, with a CAGR of about 7% during the forecast period. Cereal, basically known as breakfast cereal is a traditional breakfast that is made from various types of grains. Owing to the expanding popularity of ready-to-eat food made possible by the fast-paced working population, breakfast cereal consumption has been gradually rising over the world. The expansion of retail infrastructure in emerging economies has also increased demand. Due to the COVID-19 lockdowns, consumer demand raised, which led to an increase in breakfast consumption at home and the comeback of breakfast cereals. When it comes to morning cereals, customers still put taste first, but since the epidemic, they have begun to place more value on health.
An increase in the demand for breakfast items that are ready to eat is the main factor driving the global market for breakfast cereals. There is an increasing trend of individuals consuming breakfast cereals. A contemporary trend that has a good impact on market expansion is also highlighted by whole grain cereals. Breakfast cereals' vast array of inventive and tasty alternatives should also hasten industry expansion, particularly in emerging nations. The industry is also expanding as a result of modernizing food retail infrastructure and growing consumer knowledge of the advantages of eating breakfasts made with grains. Other factors include modifying eating behaviors, boosting people's disposable income in emerging economies, and raising people's knowledge of the value of a nutritious breakfast. Furthermore, the invention of innovative flavors can create lucrative growth opportunities for the market. However, the loss of nutritional content in the food will restrain growth for the growth of the market.
The global breakfast cereals market is categorized into North America, Europe, the Asia Pacific, and the Rest of the World based on the regional analysis. The Asia-Pacific region is expected to grow at the fastest rate during the forecast period. The region's expansion is ascribed to a shift in breakfast cereal consumption habits and a preference for healthier goods. The driving forces for market sales have also been coupled with the increased adoption of the western way of life. North American region is expected to hold a significant share of the owing to the increasing demand from the United States during the forecast period.
The report on the global breakfast cereal market covers segments such as product type, nature, and distribution channel. On the basis of product type, the sub-markets include ready-to-eat, and hot cereals. On the basis of nature, the sub-markets include conventional, and organic. On the basis of distribution channel, the sub-markets include supermarket/hypermarket, specialty store, online store, and others.
The report provides profiles of the companies in the market such as Attune Foods LLC, General Mills Inc, Dr. Oetker, Bob's Red Mill Natural Foods, Back to Nature's Food Company LLC, Carman's Fine Foods, Freedom Foods Group, The Kellogg Company, Marico, and Nestle SA.
The report provides deep insights into demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the breakfast
cereal market. Moreover, the study highlights current market trends and
provides forecasts from 2022-2028. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings insight into the
market share of the leading players.
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