1st Aug 2019 – 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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