Breakfast Cereals Market Size, Growth Opportunities, Share and Leading Players Report by 2029
PUNE, MAHARASHTRA, INDIA, December 21, 2022 /EINPresswire.com/ — Data Bridge Market Research in its report titled of Breakfast Cereals Market offers comprehensive insights and detailed research on this market. The report covers the key factors that are propelling the growth of the Breakfast Cereals market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments.
To make the business successful, adopting such Global Breakfast Cereals Market research report is one the vital keys. Market research study finds out the general market conditions while working on this report. It also figures out the probable market for a new product to be launched, assesses client company’s market share and possible sales volume. Moreover, it recognizes the types of consumers, their response and views about the products, and their thoughts for the step up of a product. The persuasive Breakfast Cereals report also estimates the most appropriate method for the distribution of certain product.
Breakfast Cereals marketing report provides specific and up to date information about the consumers demands, their preferences, and ideas about the product and their varying likings about particular product. This helps to plan about the advertising and sales promotion strategy more successfully and also helps in taking sound decisions. The report represents a quality of market research data that has been accomplished with transparent research studies. With the proper and throughout utilization of excellent industry experience, talent solutions, industry insight and latest tools and technology, the report has been generated.
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Market Analysis and Size
Data Bridge Market Research analyses that the breakfast cereals market was valued at USD 57.84 billion in 2021 and is expected to reach the value of USD 91.91 billion by 2029, at a CAGR of 5.96% during the forecast period of 2022-2029.
The market is growing primarily as a result of changing food habits and the influence of Western culture on consumer dietary patterns, as it provides a convenient solution to readily accessible food that optimises the ease of consumption without further preparation. In addition, the rapid expansion of convenience stores, which promotes brand visibility, is propelling the breakfast cereals market forward.
Breakfast cereals are food items that are consumed solely for breakfast purposes, as the name implies. This means that, ideally, breakfast cereals should not be consumed during lunch or dinner. Breakfast cereals are made from a variety of ingredients. They are the processed seed grains that are popular in western countries. Breakfast cereals are best consumed when mixed with milk or curd. In general, breakfast cereals are low in fat and have a healthy nature.
Breakfast Cereals Market Dynamics
Growth and expansion of packaged cereals due to higher nutritional content
Packaged breakfast cereals have grown in popularity in developing economies, as consumers increasingly prefer packaged, healthier food options to traditional, traditional breakfast foods. These cereals are regarded as an ideal breakfast option around the world due to their lower calorific value and higher nutritional content.
Constant introduction of innovative and flavoured cereals
A plethora of innovative and flavoured breakfast cereal options are also expected to accelerate market growth, particularly in developing markets. Furthermore, the advancement of food retail infrastructure and rising awareness about the health benefits of eating grain-based breakfasts are fuelling market growth. Furthermore, changing food habits, increasing disposable income in emerging economies, and raising awareness about healthy breakfast among individuals are all important factors driving market growth.
Companies’ appealing marketing and promotion strategies have aided in raising consumer awareness of health and fitness. Market participants’ innovative value propositions related to health and fitness have significantly increased net sales of their products. Key market players like Unilever and Kellogg Company have heavily invested in television and social media advertising to raise consumer awareness about improving their health and fitness by eating breakfast cereals like oats and cornflakes. As a result, all of these factors contribute to the growth of the global breakfast cereals market.
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General Mills launched eight new varieties of ready-to-eat cereals in December 2021 to expand its product line, catering to different customer segments such as kids and keto people. In addition, the company went for innovative packaging inspired by superhero series.
In collaboration with Blippar, Kellogg’s will launch the first web-based Augmented Reality promotional campaign in the Middle East, including the United Arab Emirates, in September 2020. Kellogg was the first GCC brand to use WebAR technology in a multi-channel marketing campaign for its Coco Pops cereal brand.
Mondelez India will enter the breakfast cereal market with the launch of Bournvita Fills in August 2020. The company’s product portfolio in the region has been expanded with this new launch.
Leading Key Players Operating in the Breakfast Cereals Market Includes:
General Mills Inc. (U.S.)
Kellogg’s Co (U.S.)
Nestlé SA (Switzerland)
Bob’s Red Mill Natural Foods (U.S.)
Nature’s Path Foods (Canada)
Hometown Food Company (U.S.)
The Quaker Oats Company, (U.S.)
Northen Quinoa Production Corporation (Canada)
LOVEGROWN INC. (U.S.)
Gluten-Free Prairie (U.S.)
Avena Foods Limited, (Canada)
The breakfast cereals market is segmented on the basis of product type, distribution channel, and ingredient type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Breakfast Cereals Market Country Level Analysis:
The breakfast cereals market is analysed and market size insights and trends are provided by country, of product type, distribution channel, and ingredient type as referenced above.
The countries covered in the breakfast cereals market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America had the largest global market share. The region has the world’s highest penetration, with per capita consumption of hot and ready-to-eat cereals exceeding that of other regions. However, the region has seen a decline in ready-to-eat food, while regions such as Europe and Asia-Pacific are showing promising growth. Asia-Pacific is expected to be the fastest-growing region. The rising consumption of processed food products in countries such as Japan, China, India, and others is driving industry growth. Food habits have shifted as a result of the various health issues that consumers face around the world. People are becoming more interested in nutritional food products.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Key Benefits of the report:
This study presents the analytical depiction of the global Breakfast Cereals industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Breakfast Cereals market share.
The current market is quantitatively analyzed to highlight the global Breakfast Cereals market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global Breakfast Cereals market analysis based on competitive intensity and how the competition will take shape in the coming years.
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Key questions answered in the report:
Which are the five top players of the Breakfast Cereals market?
How will the Breakfast Cereals market change in the next five years?
Which product and application will take a lion’s share of the Breakfast Cereals market?
What are the drivers and restraints of the Breakfast Cereals market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Breakfast Cereals market throughout the forecast period?
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