Market Insights and Analysis: Global Breakfast Cereals Market Overview and Projections (2023-2028)
The Global Breakfast Cereals Market is projected to grow at a CAGR of around 5.2% during the forecast period, i.e., 2023-28. Most of the market expansion attributes to a fast-paced lifestyle, especially of the young and working populace, that has given a run to the concept of breakfast cereals in the past few years. With the arrival of multiple options and choices of ready-to-eat products without cooking, cereals have gained a dedicated following amongst busy office-goers.
Top leading companies in the Global Breakfast Cereals Market includes:
Alara Whole Foods Ltd., Attune Foods LLC, B&G Foods Inc., Bagrrys India Ltd., Bobs Red Mill Natural Foods Inc., General Mills, Inc., Kellogg Company, Marico Limited, Nature's Path Foods., Nestlé S.A., Pepsico, Inc, Others.
Global Breakfast Cereals Market Key Trend:
A Sudden Shift to Healthier Ready-To-Eat Food Options - Consumer's food habits are getting altered by the fast-paced lifestyle. Ready-to-eat packaged food items have gained traction given their time-saving factor and long shelf life. Longer shelf life provides the consumer with a safety net of time. Packaged food items do more harm than good to the body if consumed regularly, but cereals offer an alternative to solve hunger within minutes while also providing nutrients. Since breakfast cereals are emerging as a healthy breakfast option, the market would benefit from the trend of living a healthy and sustainable lifestyle.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Nature
-Conventional
-Organic
By Product Type
-Hot Cereals
-Ready to Eat
By Distribution Channel
-Supermarkets & Hypermarkets
-Retail Stores
-Convenience Stores
-Ecommerce
-Others
By Price
-Low
-Medium
-High.
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Global Breakfast Cereals Market Geographic Reach:
The Geographic Reach of the Global Breakfast Cereals Market evaluates the spread and significance of Global Breakfast Cereals market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: The US, Canada, Rest of North America
· Europe: The UK, Germany, France, Rest of Europe
· Asia-Pacific: China, India, Japan, Rest of Asia-Pacific
· South America:
· Middle East & Africa: South Africa, Rest of Middle East & Africa.
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