Breakfast Cereal Market to reach USD 70.16 Bn at a CAGR of 5.2 percent by 2030, Says Maximize Market Research

May 14 15:06 2024
Breakfast Cereal Market to reach USD 70.16 Bn at a CAGR of 5.2 percent by 2030, Says Maximize Market Research
Breakfast Cereal Market
The Breakfast Cereal Market is witnessing growth given the rise in the consumption of healthy food and the selection of healthy Life choices offered by the food. The Breakfast Cereal Market is segmented into Product (Ready-to-eat, Hot Cereal), Packaging Type (Boxes, Pouches, and Others) and Distribution Channel (Supermarket, E-Commerce, Convenience Store and others) for a better understanding of the market structure.

Maximize Market Research, a leading “Food & Beverages” business consultancy and research firm has published a report on the “Breakfast Cereal Market”The total market opportunity for Breakfast Cereal Market was USD 49.20 Bn in 2023 and is expected to grow at a CAGR of 5.2 percent through the forecast period, reaching USD 70.16 Bn by 2030. As per the report, the global Breakfast Cereal Market is expected to be dominated by the North America region to grow at a significant growth rate during the forecast period.

Market Size in 2021 USD 49.2 Bn.

Market Size in 2029 USD 70.16 Bn.

CAGR 5.2 percent (2024-2030)

Forecast Period 2024-2030

Base Year 2023

Number of Pages 287

No. of Tables 116

No. of Charts and Figures 115

Segment Covered Product, Packaging Type, Source and Distribution Channel

Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Breakfast Cereal Market Scope and Research Methodology

The report on Breakfast Cereal Market provides a thorough analysis of the market structure and the nature of competition in the market. The Breakfast Cereal Market size was estimated meticulously by using a bottom-up approach to get an understanding of the market growth. Key insights covered in the report include the major drivers of the market at the global and regional level, challenges for future growth and various opportunities in the market.

Regional analysis is conducted to provide information on the market leaders in various regions, market penetration and demographic factors affecting the regional Breakfast Cereal industry. For the competitive analysis of the Breakfast Cereal Market, a competitive matrix is made covering market leaders and new entrants. The report presents an overview of each company along with important takeaways based on the revenue generated, financial health, technological advancements, recent developments, mergers and acquisitions, joint ventures, alliances and marketing tactics.

The report also covers a strategic study of key market players in the market. The Breakfast Cereal Market report presents the key player’s in-depth analysis of the industry, including company profile, revenue, product specifications, technology development and product sales, price, and gross margin sales. The market overview of the industry and market development of Breakfast Cereal is given in the report. The SWOT analysis was used to study the strengths and weaknesses of the Breakfast Cereal Market.

Breakfast Cereal Market Overview

The Breakfast Cereal industry presents an appealing prospect for manufacturers, retailers, and designers to capitalize on. The key players are starting to innovate in cereal by continuing to agree with consumer preferences and diverse trends, many companies have been adding protein, fiber, and whole grains to breakfast cereals for years, but balancing these additions with the other trends listed is essential. Also, creative packaging, celebrity endorsements, and social media promotions are commonly employed to engage with consumers and foster brand loyalty and growing demand for market.

Breakfast Cereal Market Dynamics

The increasing demand for health awareness in the age group 18-45, there increasing disposable income and the introduction of various Breakfast Cereals by different market players are the major drivers of the Breakfast Cereal market. During the forecast period, the shifting preferences of people towards flavoured Breakfast Cereal and the availability of wide variants of Breakfast Cereal are expected to contribute to the Breakfast Cereal Market growth. The fluctuating prices of raw materials due to the unpredictable climatic conditions pose a challenge to the global Breakfast Cereal industry’s growth. The market growth is also expected to be restrained by the availability of substitutes for Breakfast Cereal such as Oats and other Foods over the forecast period.

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Breakfast Cereal Market Regional Insights

In North America, the Breakfast Cereal Market is expected to grow over the forecast period

The United States led the Breakfast Cereal Market with the largest market share in 2023 and is expected to maintain its position in the North America region during the forecast period. The market growth is driven by the increasing use in Students and adults age group of 25-45 are key factors that are expected to fuel the market in the region.

Breakfast Cereal Market Segmentation

By Product         

  • Ready-to-eat
  • Hot Cereal

By Packaging Type          

  • Boxes
  • Pouches
  • Others

By Source           

  • Wheat
  • Rice
  • Oat
  • Corn
  • Barley
  • Others

By Distribution Channel              

  • Supermarket
  • E-Commerce
  • Convenience Store
  • Others

Breakfast Cereal Market Key Competitors include:

North America Breakfast Cereal Market Key Players:

  • General Mills
  • Hometown Food Company
  • Purely Elizabeth
  • Above Food
  • WK Kellogg Co
  • Post Holdings
  • Kraft Heinz
  • Archar Daniels Midland

Europe Breakfast Cereal Market Key Players:

  • Nestlé
  • Oetker
  • Weetabix Food Company
  • Nairn’s Oatcakes
  • Associated British Foods
  • Tasti Products Ltd.
  • Sevenday Cereals International
  • Crespel & Deiters Group
  • W Jordan & Son (Silo)
  • Tasti Products Ltd.

Asia Pacific Breakfast Cereal Market Key Players:

  • Future Consumer
  • ITC Limited
  • Marico
  • San Miguel Pure Foods International
  • Bagrry’s

Middle East&Africa Breakfast Cereal Market Key Players:

  • Almarai

South Ameica Breakfast Cereal Market Key Players:

  • Grupo Bimbo

Key questions answered in the Breakfast Cereal Market are:

  • What is Breakfast Cereal?
  • What is the current growth rate of the Breakfast Cereal Market?
  • Who are the key players in the Breakfast Cereal Market?
  • What are the factors affecting growth in the Breakfast Cereal Market?
  • Who held the largest market share in Breakfast Cereal Market?
  • What is the demand pattern for the Breakfast Cereal Market?
  • What are the opportunities for the Breakfast Cereal Market?
  • What are the strategies used by competitors in the Breakfast Cereal Market?
  • What are the growth prospects in developing countries for the Breakfast Cereal Market?
  • Which segment is expected to witness the fastest growth and why in the Breakfast Cereal Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018-2022)
  • Past Pricing and price curve by region (2018-2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Product, Distribution and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:

Bakery and Cereal marketThe Global Bakery and Cereal Market size was valued at USD 684.32 million in 2022 and is expected to reach USD 965.43 million by 2029, expanding at a compound annual growth rate (CAGR) of 5.04 percent.

Reduced Fat Cereals MarketReduced Fat Cereals Market size was valued at USD 12.97 Bn. in 2022 and the total revenue is expected to grow at 4% through 2023 to 2029, reaching nearly USD 17.07 Bn.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies. 

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