The Breakfast Cereals Market Share is anticipated to grow at a 7.6% CAGR and reach USD 182.5 billion From 2022 to 2030
Research Reports
Dec 27, 2022
Market Research Future Insights:
The growing breakfast cereals market seems to be helping the region of Europe and North America adopt convenience foods. Convenience food is crucial in determining customers’ food choices in the modern world due to changing lifestyles and altering dietary patterns. Convenience food consumption started to become popular in the west and quickly expanded to other parts of the world. As Asian nations grow and consumers’ purchasing power rises, convenience trends are likely to continue to be important. It follows that consumers like to make the most of their free time and their disposable income and spend more time doing the things they value more, which is why they are consuming more convenience food.
Customers seek out convenient foods with nutritional value and ease of usage. Therefore, morning cereals are rising in popularity among customers. In addition, rising numbers of working women in emerging nations are said to be a key driver of the morning cereal industry’s expansion. During the projection period of 2022–2030, increasing consumer awareness of the health benefits of breakfast cereals is anticipated to drive sales. As a result of their high nutritional value and simplicity of preparation, breakfast cereals are becoming increasingly popular in infant feeding. One significant trend that is gaining traction in developed nations in the breakfast cereal market is premiumization since consumers are more likely to choose high-quality products.
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Regional Analysis:
The North American, European, Asia Pacific, and Rest of the World regions make up the worldwide breakfast cereals market. North America is anticipated to continue to dominate all other regions throughout the projected period of 2022–2030. The largest nation in North America is the United States. In the year 2022, it will account for 30% of the worldwide breakfast cereal market. The market for breakfast cereals in North America is predicted to rise as a result of a number of factors. The busy lives of customers and the introduction of new products by the major morning cereal providers are two important causes driving the market growth of breakfast cereal in North America.
However, it is anticipated that the Asia-Pacific region would grow rapidly during the next ten years. The key manufacturers’ new product launches are credited with the growth of the Asia Pacific region, and consumers are turning away from traditional breakfast in favour of ready-to-eat foods. Additionally, during the forecast period of 2022–2030, consumers in the Asia–Pacific region are more open to embracing western culture. China and India are the two biggest producers of breakfast cereals in the Asia Pacific region.
Market Segmentation:
The global Breakfast Cereals market has been divided into type, source, form and Region
Based on Type: Ready-to-eat, and hot cereals
Based on Source: Wheat, rice, oat, corn, barley, and others
Based on Form: Hot breakfast cereals, and cold breakfast cereals
Based on Region: North America, Europe, Asia Pacific, and the Rest of the World
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Key Players:
The major key players profiled in breakfast cereals are Kellogg Co. (U.S.), General Mills (U.S.), Post Holdings Inc. (U.S.), PepsiCo. (U.S.), Cereal Partners Worldwide (CPW) (Switzerland), Weetabix Ltd. (U.K.), The Jordans & Ryvita Company (UK), TreeHouse Foods (U.S.), and Nature’s Path (Canada) among many others.
Read Our Related Report –
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