Breakfast cereals are usually the food procured from processed grains that is consumed as morning meal of the day either mixed with milk or yogurt or with fruit. Rising trend to adopt western dietary patterns especially in developing economies such as India, Malaysia and Indonesia is anticipated to bolster the growth of breakfast cereals market over the period 2021-2029. Different consumers available in urban areas are familiar to consuming cereals along with milk for breakfast which is convenient to prepare as well as provide different benefits related to health. Besides this, rising personal disposable income in emerging economies as well as added health benefits available in the content of breakfast cereals is likely to bolster the demand for breakfast cereals over the next few years. Rising health awareness towards healthy eating habits is expected to spur the demand for breakfast cereals market over the forecast period.
Change in lifestyle along with increased consumption of ready to eat products is expected to drive the growth of global breakfast cereals market over the forecast period. Besides this, enhancing personal disposable income in developing economies, rise in number of women on workforce as well as rising health consciousness among consumers is anticipated to intensify the growth of breakfast cereals market over the period 2021-2029. Rising trend of consuming low calorie food as well as high fiber content products for weight loss anticipated to impel the growth of breakfast cereals market over the period 2021-2029. Apart from this, rising demand for more value added cereals comprising high fiber content, whole wheat and other ingredients is anticipated to fuel the growth of the market till 2029.
Breakfast cereals market has been estimated to be valued at US$ 44,397.7 Mn by the end of 2021 and is expected to attain revenue of US$ 57,823.5 Mn by 2029, expanding at a CAGR of 4.4% during the forecast period 2021-2029.
Purpose of the Report
The purpose of this strategic research study titled “Global Breakfast Cereals Market - Growth, Future Prospects, and Competitive Analysis 2021 – 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global breakfast cereals market.
Target Audience
USP and Key Offerings
The report titled “Global Breakfast Cereals Market - Growth, Future Prospects, and Competitive Analysis 2021 – 2029” offers strategic insights into the global breakfast cereals market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on product type and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading breakfast cereals vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global breakfast cereals market, of growth, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.
On the basis of product type, the breakfast cereals market is categorized into following types:
Nutritional breakfast is highly recommended for various physical activities on day to day basis. It lowers the risk of chronic diseases, enhances the memory, maintains the balance level of insulin and provides various other benefits. By product type, the breakfast cereals market growth is segmented by ready to eat and hot cereals. In 2020, ready to eat breakfast cereals segment contributed highest share in the total revenue of global breakfast cereals market. The presence of significant percentage of nutritional value available in hot cereals is expected to impel the demand for hot cereals in various countries across the globe in the next few years.
It has been noticed that consumers are inclining and becoming more apprehensive towards health consciousness. This has prompted the companies to look beyond the development of such products which will enhance the strength vitality of consumers. Thus, increasing inclination towards naturally manufactured products and changing mindset of consumer towards ready to eat goods is anticipated to bolster the growth of breakfast cereals market over the period 2021-2029. The global breakfast cereals market is segment on the basis of geography. North America contributed the highest revenue share in total breakfast cereals market with a contribution of more than 40% by end of 2020. Followed by it, Europe stood at second position in the same year. Higher health awareness and consciousness and awareness along with high population spending in these developed regions is anticipated to contribute for double digit growth rate of these regions during the projected period. Asia Pacific is anticipated to have a higher growth rate due to rising health awareness and changing lifestyle of people all over the world.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Breakfast Cereals market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
