Categories: Market Research

Global Breakfast Cereal Market Expected to Reach $83.1 Billion by 2028

Overview and Scope
Breakfast cereal is a food that is made from processed cereal grains such as maize, oats, wheat, and others consumed for breakfast or snacks.

Sizing and Forecast
The breakfast cereal market size has grown strongly in recent years. It will grow from $64.11 billion in 2023 to $67.89 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to consumer shift to convenient breakfast options, advertising and branding campaigns, health and nutritional awareness, packaging and portability, cultural and regional breakfast habits.

The breakfast cereal market size is expected to see strong growth in the next few years. It will grow to $83.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to emphasis on health and wellness, sustainability practices, plant-based and functional ingredients, global culinary influences, targeting specific demographics. Major trends in the forecast period include innovation in shapes and textures, sustainable packaging practices, customization and personalization, digital engagement and marketing, protein-enriched options.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/breakfast-cereal-global-market-report

The breakfast cereal market covered in this report is segmented –

1) By Type: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal
2) By Product: Ready-to-Eat (RTE), Hot Cereals
3) By Packaging: Boxes, Pouches, Other Packagings
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

Asia-Pacific was the largest region in the breakfast cereal market in 2023. North America was the second-largest region in the breakfast cereal market. The regions covered in the breakfast cereal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2034&type=smp

Major Driver Impacting Market Growth
Many countries across the globe are experiencing falling prices of crops due to overcapacity. This is expected to result in low raw material costs for food and beverage companies. For instance, in November 2022, according to the report Frontline, an India-based national magazine on agriculture, the bailout package of $842 million (Rs 7000 core), announced by the Cabinet Committee on Economic Affairs, for farmers involved in the sugar production sectors to fix the minimum selling price of refined sugar of Rs 29 per kilogram (prices dropped to Rs 23-24 recently due to overproduction and to create a buffer stock of 3 million tonnes of sugar for one year. Thus, overproduction of certain crops is likely to result in higher profit margins for food and beverage companies, including breakfast and cereal manufacturing companies. Higher profit margins will enable food and beverage companies to increase their productivity and drive the market going forward.

Key Industry Players
Major companies operating in the breakfast cereal market report are Nestlé S.A., PepsiCo Inc., Abbott Nutrition, The Kraft Heinz Company, Associated British Foods plc, General Mills Inc., Kellanova, The Campbell Soup Company, Post Holdings Inc., Gruma S.A.B. de C.V., The Jordans & Ryvita Company Ltd., The Oetker Group, The Quaker Oats Company, TreeHouse Foods, Calbee Inc., B&G Foods Inc., The Hain Celestial Group Inc., MOM Brands Company, Marico Limited, McKee Foods Corporation, Cereal Partners Worldwide S.A., Grain Millers Inc., Weetabix Limited, Nature’s Path Foods Inc., Back to Nature’s Food Company LLC, Carman’s Fine Foods, Bob’s Red Mill Natural Foods Inc., Bagrrys’s India Limited, Freedom Foods Group Limited, The Muesli Company Pty Limited, Nature’s Best Inc., The Great Canadian Cereal Company Ltd., Attune Foods, Malt-O-Meal, Roman Meal Company

The breakfast cereal market report table of contents includes:

1. Executive Summary

2. Breakfast Cereal Market Characteristics

3. Breakfast Cereal Product/Service Analysis -Product/Service Examples

4. Breakfast Cereal Market Trends And Strategies
……..

68. Global Breakfast Cereal Market Competitive Benchmarking

69. Global Breakfast Cereal Market Competitive Dashboard

70. Key Mergers And Acquisitions In The Breakfast Cereal Market

71. Breakfast Cereal Market Future Outlook and Potential Analysis

72. Appendix

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Emailinfo@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

1 hour ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

1 hour ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

1 hour ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

1 hour ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

1 hour ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

1 hour ago