What is a Breakfast Cereal?
Cereal, often called breakfast cereal, is a traditional breakfast food made from processed cereal grains. It is traditionally eaten as part of a balanced breakfast, or a snack food, primarily in Western societies.
Global Breakfast Cereal 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)
• Convenience Stores
Breakfast Cereal Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa