Ready to eat was the leading product segment, recording for over 68 percent of the global income share. The fragment includes cornflakes, bars, cookies & biscuits. Rising demand for on-the-go meal choices is propelling the consumption of breakfast cereal bars as well as biscuits. Moreover, increasing understanding related to easy, fast, and not expensive meal choices conferred by the RTE cereal classification is augmenting the overall market.
The Global Breakfast Cereal Market was valued at US$ 50 billion and is predicted to enlarge at a CAGR of +4% from 2021 to 2028. The growing popularity of on-the-go breakfasts, matched with surging demand for organic cereals and rising health understanding in buyers, is one of the key trends accelerating market growth.
The increasing influence of westernization on food habits of the middle-class population is also contributing noteworthy towards the requests for breakfast cereals in the Asia Pacific. Advancing food retail infrastructure along with rising understanding related to the health benefits of consuming grain-based breakfasts is supporting the growth of the market.
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Key Players: Marico Limited; B&G Foods Inc.; Bagrrys India Ltd.; Kellogg Company; General Mills, Inc.; Nestlé S.A.; and Pepsico, Inc
North America pre-eminence the overall market followed by Europe. Growing health issues and increasing health issues like diabetes, obesity and digestive disorders are supplementing the growth of the region. Moreover, product & packaging innovations matched with a huge adoption rate of new products in nations in the region are predicted to play a major role in increasing the requests for the product during the forecast period.
Fast-growing economies in the Asia Pacific are dominating an extensive base of the population yield in busy lifestyles. This, in turn, is stimulating up the demand for convenience foods that are employing in favor of the regional market. Rising demand for natural nutritional products owing to increasing buyer understanding regarding healthy lifestyles is moderation to trigger requests for breakfast cereals in the Asia Pacific over the forecast period.
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- Hot Cereal
Distribution Channel Outlook
- Convenience Stores
Based on Region:
- North America
- South America
- Middle East and Africa
- Latin America
Detailed TOC of Breakfast Cereal Market Research Report-
2. Market methodology Analysis.
3. Market Strategies Analysis.
4. Market Demand, Supply, Trends Analysis.
5. Market Overview with Key Players
6. Porte’s Five Force Model Analysis.
7. Market segmentation by Region, Type, and Application.
8. Market Advantages and Limitation Analysis.
9. Projects SWOT Analysis.
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