Global BreakfastCereal Market is anticipated to generate higher revenue in the forecast period. The market is anticipated to grow at a higher rate in the years to come. Shifting breakfast habits and demographics across the developing countries have been acting as the foremost development drivers for global demand of the market. The growing inclination toward western dietary forms has additional led to the development of Breakfast Cereals industry off late.
The
extensive variety of substitute breakfast items pertaining to every region and
low-cost breakfast choices may produce hindrances for the development of the
Breakfast Cereal. The breakfast cereals market has a chance to rise at a
substantial rate owing to the constant invention in the flavors and presence
organic ingredients in breakfast cereals and it is anticipated to grow at a
significant CAGR of 4.3% in the upcoming period as the scope, product types,
and its applications are increasing across the globe.
Breakfast
Cereal industry may be explored by type, distribution channel, and geography.
The market may be explored by product type as (RTE) Ready to Eat, Hot Cereal.
Ready-to-Eat (RTE) segment is estimated to account for the highest growing
segment in the forecast period. The segment is estimated to continue its
topmost position, accounting at the CAGR of 68.0% of the total revenue share
during the years to come. The segment mainly comprises cookies & biscuits,
bars, cornflakes and others. Increasing demand for on-the-go meal options is
propelling the consumption breakfast cereal bars as well as biscuits.
Furthermore, growing consciousness concerning fast, easy and cost-effective
meal options accessible by RTE cereal group is improving the overall market.
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Breakfast
cereal market may be explored by Distribution Channel as Convenience stores,
Supermarket, E-commerce, and others. The supermarket segment dominated the
segment distribution channel in the breakfast cereal industry in 2016. And it
is anticipated to maintenance its dominance till 2025. The sharp rise of
supermarkets worldwide in the years to come. Primarily, their occurrence was
focused in established countries of North America and Europe, but now they have
extended their occurrence across Asia Pacific and the Middle East and Africa.
North
America accounted for the major share of the global breakfast cereal market
size analysis in 2016 and will continue to rule the roost in the forecast
period. This inclination is anticipated to stay in the upcoming period due to
the rising health concerns and growing health problems such as obesity,
diabetes, and digestive disorders. Furthermore, packaging & product
innovations coupled with high acceptance amount of new products in economies in
the region are projected to play a vital part in growing the demand for
the product over the upcoming period. Some of the key players that fuel the
growth of the breakfast cereal industry include B&G Foods Inc.; Bagrrys
India Ltd.; Marico Limited; Pepsico, Inc., Kellogg Company; Nestlé S.A.; and
General Mills, Inc. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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Breakfast Cereal Product Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Ready-to-eat (RTE)
• Hot cereals
Breakfast
Cereal Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million,
2014 - 2025)
• Supermarket
• Convenience Stores
• E-Commerce
• Others
Breakfast
Cereal Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Australia
• Central & South America
• Brazil
• Middle East & Africa
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