IMARC Group, a leading market research company, has recently releases report titled “Breakfast Cereals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global breakfast cereals market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global breakfast cereals market size reached US$ 100.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 130.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.24% during 2023-2028.
What are Breakfast cereals?
Breakfast cereals are composed of processed grains and are typically consumed with milk, cream, curd, or sweeteners, such as fresh fruits, syrups, or sugar. They often comprise seeds, including wheat, rye, sorghum, rice, oats, maize, barley, millet, quinoa, and corn. Breakfast cereals are available in both ready-to-eat (RTE) and ready-to-cook varieties and are rich in vitamins, proteins, carbohydrates, iron, magnesium, and dietary fibers. Consuming these grains offers various health benefits, such as the prevention of constipation, colon disorders, cancer, and high blood sugar levels. In addition to this, breakfast cereals also reduce the risk of obesity, type 2 diabetes, and cardiovascular diseases (CVDs).
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What are the growth prospects and trends in the Breakfast Cereals industry?
The increasing health consciousness among individuals and the growing inclination of consumers to incorporate high-fiber and high-protein foods into their regular diet to maintain health and boost immunity are primarily driving the breakfast cereals market. Besides this, the escalating demand for packaged processed grains, which are known for their higher nutritional content, owing to the busy lifestyles and hectic schedules of individuals, is further augmenting the market growth. Moreover, the introduction of exotic and healthy breakfast cereal options, including oats, flax seeds, and chia seeds, and the launch of gluten-free, keto-friendly, and organic breakfast cereals, on account of the rising incidence of celiac diseases and the increasing lactose intolerant population, are also catalyzing the global market. Apart from this, the inflating disposable incomes of consumers, the widespread product availability through e-commerce platforms, the influence of Western culinary practices, and the changing lifestyles and dietary preferences are acting as significant growth-inducing factors. Furthermore, the elevating requirement for at-home hot meals, such as muesli, granola, wheat bran, and porridge, owing to the sudden outbreak of the COVID-19 pandemic across the globe and subsequent lockdowns, is expected to bolster the breakfast cereals market in the coming years.
Who are the key players operating in the industry?
- Bob’s Red Mill Natural Foods
- Cable Inc.
- Carman’s Fine Foods
- Freedom Foods Group
- General Mills Inc.
- Kellogg Co.
- Marico Ltd
- Micros
- Nestle S.A
- Post Holdings Inc.
What is included in market segmentation?
Breakup by Type:
- Ready-to-Eat
- Hot Cereals
Breakup by Nature:
- Conventional
- Organic
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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