The breakfast food global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Breakfast Food Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The breakfast food market size has grown strongly in recent years. It will grow from $431.68 billion in 2023 to $457.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increasing production staples such as cereals, eggs, and dairy products, increasing disposable incomes, spread of American-style breakfast, need for quick and convenient breakfast, and increasing working population.
The breakfast food market size is expected to see strong growth in the next few years. It will grow to $584.44 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing consumer awareness, environmental sustainability, catering to vegan and vegetarian preferences, increasing preferences for ready-to-eat meals, and rise in net sales of breakfast food. Major trends in the forecast period include plant-based and alternative protein sources, launching new products with additional nutrients, variety of brands in the breakfast food, launch frozen and ready-to-eat alternatives, and instant breakfast cereals.
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Scope Of Breakfast Food Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Breakfast Food Market Overview
Market Drivers –
The rising demand for convenience foods is expected to propel the growth of the breakfast food market going forward. Convenience foods are commercially prepared for easy consumption, often requiring minimal or no preparation. Increasing demand for convenience foods can be attributed to factors such as increased interest in health, increased disposable incomes, and growing demand for ready-to-eat meals. Breakfast foods play a crucial role in the convenience food market by offering quick, easy, and nutritious options that cater to the fast-paced lifestyles of modern consumers. For instance, in 2023, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country increased to $36.59 billion in 2023, an increase of 1.7% compared to previous years. Therefore, the rise in demand for convenience foods drives the breakfast food market.
Market Trends –
Major companies operating in the breakfast food market are developing innovative breakfast options such as millet and jowar-based breakfasts such as munch breakfast cereal to cater to health-conscious consumers seeking nutritious alternatives to traditional breakfast foods. The munch breakfast cereal is an innovation for an optional breakfast option made with millet and jowar along with existing ingredients such as rice and wheat, making it a healthier choice for breakfast. For instance, in June 2023, Nestle, a Switzerland-based food company, launched KOKO KRUNCH Millet-Jowar and MUNCH breakfast cereals. The addition of jowar, a nutritious millet, aims to provide more variety and appeal to health-conscious Indian consumers. MUNCH is made with three grains, such as whole grain wheat flour, rice, and corn, to provide a delicious, crunchy.
The breakfast food market covered in this report is segmented –
1) By Type: Breakfast Bars, Cereal Meals, Sausages And Salamis, Beverages, Bakery Products, Other Types
2) By Packaging: Films And Wraps, Rigid Boxes, Pouches And Sachets, Bottles And Jars, Trays, Cans
3) By Form: Solid, Liquid
4) By Distribution Channel: Hypermarkets And Supermarkets, Independent Retail Stores, Specialty Stores, Convenience Stores, Online Sales Channel
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Regional Insights –
North America was the largest region in the breakfast food market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the breakfast food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the breakfast food market are Nestle S.A. , PepsiCo Inc., Unilever PLC, Starbucks Coffee Company, The Kraft Heinz Company, General Mills Inc., Associated British Foods (ABF) PLC, The Kellogg Company, Hormel Foods Corporation, Conagra Brands Inc., Campbell Soup Company, Del Monte Food Inc., Dr. Oetker, Britannia Inc., The Hain Celestial Group, Kodiak Cakes, Beyond Meat, Impossible Foods Inc., Eat Just Inc., Annie’s Homegrown
Table of Contents
1. Executive Summary
2. Breakfast Food Market Report Structure
3. Breakfast Food Market Trends And Strategies
4. Breakfast Food Market – Macro Economic Scenario
5. Breakfast Food Market Size And Growth
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27. Breakfast Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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