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Written by stanley huds » Updated on: August 05th, 2024
IMARC Group’s report titled "Breakfast Cereals Market Report by Type (Ready-to-Eat, Hot Cereals), Nature (Conventional, Organic), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), and Region 2024-2032". The global breakfast cereals market size reached US$ 105.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 147.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Grab a sample PDF of this report: https://www.imarcgroup.com/breakfast-cereals-market/requestsample
Factors Affecting the Growth of the Breakfast Cereals Industry:
Modern lifestyles are increasingly hectic, with people often rushing to work or other commitments in the morning. Breakfast cereals offer a quick and convenient option for a nutritious breakfast. They require minimal preparation, allowing individuals to save time in the morning rush. As more people are migrating to urban areas, access to traditional breakfast options like freshly cooked meals is becoming limited. Cereals, which have a longer shelf life, are readily available in urban supermarkets and stores, making them a practical choice for urban dwellers.
Health-conscious consumers are increasingly looking for breakfast options that provide essential nutrients while keeping unhealthy ingredients to a minimum. Breakfast cereals are often fortified with vitamins, minerals, and fiber, making them an attractive choice for those seeking a balanced start to their day. Cereals made from whole grains are gaining traction due to their high fiber content and associated health benefits. Whole grain cereals are known to support heart health and digestive well-being, making them a preferred choice among nutrition-conscious individuals.
Key manufacturers are introducing new and unique flavors to appeal to consumer tastes. These innovative flavor profiles keep consumers engaged and interested in trying different cereal options. Innovations in texture and formulations are leading to the development of cereals with varying crunchiness, chewiness, or combinations of textures. This diversity caters to different preferences and enhances the overall eating experience. Cereal brands are incorporating innovative ingredients, such as superfoods, exotic fruits, nuts, and seeds, to add nutritional value and uniqueness to their products.
Leading Companies Operating in the Global Breakfast Cereals Industry:
Breakfast Cereals Market Report Segmentation:
By Type:
Ready-to-eat represented the largest segment due to its convenience and quick preparation.
By Nature:
Conventional accounted for the largest market share on account of its affordability and widespread availability, appealing to a broad consumer base.
By Distribution Channel:
Supermarkets and hypermarkets exhibit clear dominance in the market as they offer one-stop shopping convenience, and the ability to cater to a wide range of consumer preferences.
Regional Insights:
North America enjoys the leading position in the breakfast cereals market due to its long-standing tradition of cereal consumption.
Global Breakfast Cereals Market Trends:
Consumers are increasingly seeking healthier breakfast cereal options, leading to a rise in demand for products with reduced sugar, higher fiber, and added vitamins and minerals. The growing demand for specialized cereals to cater to specific dietary needs, such as gluten-free, vegan, and organic options, is offering a favorable market outlook.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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