Breakfast Cereal Market Research Report
Growth opportunities in the Breakfast Cereal Market look
promising over the next six years. This is mainly due to the increasing working
population and their assistance in improving the diet by fulfilling the nutritional
requirements, which include vitamins, minerals, and fiber.
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Breakfast Cereal Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
One of the prominent drivers contributing to the growth of
the global breakfast
cereal market includes the increasing recognition concerned with their
nutritional benefits among individuals. In addition, the accelerating urban
population and the augmenting disposable income of consumers have strengthened
the market size. Furthermore, the surging demand for ready-to-eat breakfast
options coupled with the escalating impact of western culture on food habits
across the young population will propel the market growth. Also, the increasing inclination of
individuals towards the on-the-go food options led by the hectic and busy
lifestyle is further responsible for the market growth. Enormous health
advantages associated with these products, such as reduction in the risk of
high blood pressure, better gastrointestinal health, helps to minimize the
problem of obesity and overweight, improves nutrient intake, supports mental
and physical well-being, and enhances metabolism, are some other factors
propelling the market growth. However, the accessibility of low-quality cereal
will hamper market growth. Additionally, the robust availability of substitutes
and the handiness of healthy meal options are hindering market growth.
Product
Segment Drivers
Based on the product, Ready to Eat Cereal is projected to
dominate the market during the forecast period. This is primarily attributed to
the aggravating demand for instant meal options and growing recognition
regarding the easy & economical food. On the other hand, hot cereal is
predicted to witness a higher CAGR during the forecast period due to the
compounding adoption of nutritious breakfast alternatives and the upgrading
demand for multi-grain-based cereals, including seeds, grains, and beans among
people.
Distribution
Channel Drivers
Based on the Distribution Channel, E-Commerce is expected to
expand at a faster CAGR over the forecast period due to the growing penetration
of smartphones and the internet across the globe. In addition to this, online
platforms offer ubiquitous benefits like hassle-free delivery, attractive
discounts, and extensive choice to people, which is bolstering market growth.
Breakfast
Cereal Market’s leading Manufacturers:
·
McKee Foods Corporation
·
Attune Foods LLC
·
Bagrrys India Ltd.
·
PepsiCo Inc.
·
Kellogg Company
·
Alara Whole Foods Ltd.
·
B&G Foods Inc.
·
Marico Limited
·
Nestle S.A.
·
General Mills
Breakfast Cereal Market Segmentation:
Segmentation by Product
·
Hot Cereal
·
Ready to Eat Cereal
Segmentation by Distribution Channel
·
Supermarket
·
Convenience Stores
·
E-Commerce
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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