The global market for Breakfast Cereals is estimated at US$96.1 Billion in 2023 and is projected to reach US$107.9 Billion by 2030, growing at a CAGR of 1.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the breakfast cereals market is driven by several factors. Increasing health awareness among consumers has led to a rising demand for nutritious and functional cereals, including those fortified with vitamins, minerals, and probiotics. The trend towards plant-based diets has spurred the development of cereals made from alternative grains such as quinoa, amaranth, and millet. Convenience remains a significant driver, with more consumers opting for ready-to-eat cereals that fit into their fast-paced lifestyles. Additionally, the growing popularity of snackable cereals has expanded the consumption occasions beyond breakfast, creating new market opportunities. The expansion of retail channels, including online platforms, has made it easier for consumers to access a diverse range of products. Sustainability concerns have prompted manufacturers to adopt eco-friendly practices and packaging, resonating with environmentally conscious consumers. Furthermore, innovative flavor combinations and the introduction of limited-edition products have kept the market dynamic and appealing to a broad consumer base. These factors collectively contribute to the robust growth and continuous evolution of the breakfast cereals market.
The growth in the breakfast cereals market is driven by several factors. Increasing health awareness among consumers has led to a rising demand for nutritious and functional cereals, including those fortified with vitamins, minerals, and probiotics. The trend towards plant-based diets has spurred the development of cereals made from alternative grains such as quinoa, amaranth, and millet. Convenience remains a significant driver, with more consumers opting for ready-to-eat cereals that fit into their fast-paced lifestyles. Additionally, the growing popularity of snackable cereals has expanded the consumption occasions beyond breakfast, creating new market opportunities. The expansion of retail channels, including online platforms, has made it easier for consumers to access a diverse range of products. Sustainability concerns have prompted manufacturers to adopt eco-friendly practices and packaging, resonating with environmentally conscious consumers. Furthermore, innovative flavor combinations and the introduction of limited-edition products have kept the market dynamic and appealing to a broad consumer base. These factors collectively contribute to the robust growth and continuous evolution of the breakfast cereals market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Cold Cereals segment, which is expected to reach US$70.7 Billion by 2030 with a CAGR of a 0.8%. The Hot Cereals segment is also set to grow at 3.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $26.0 Billion in 2023, and China, forecasted to grow at an impressive 3.2% CAGR to reach $20.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Breakfast Cereals Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Breakfast Cereals Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Breakfast Cereals Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Alara Wholefoods Ltd., Attune Foods, B&G Foods Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 233 Featured):
- Alara Wholefoods Ltd.
- Attune Foods
- B&G Foods Inc.
- Back to Nature Foods Company LLC
- Bob`s Red Mill Natural Foods
- Food For Life Baking Co. Inc.
- General Mills Inc.
- Kellogg Company
- McKee Foods Corporation
- Mornflake Oats Limited
- mymuesli GmbH
- Nestlé S.A.
- Post Consumer Brands LLC
- Post Holdings Inc.
- The Hain Celestial Group Inc.
- The Jordans & Ryvita Company
- The Weetabix Food Company
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alara Wholefoods Ltd.
- Attune Foods
- B&G Foods Inc.
- Back to Nature Foods Company LLC
- Bob`s Red Mill Natural Foods
- Food For Life Baking Co. Inc.
- General Mills Inc.
- Kellogg Company
- McKee Foods Corporation
- Mornflake Oats Limited
- mymuesli GmbH
- Nestlé S.A.
- Post Consumer Brands LLC
- Post Holdings Inc.
- The Hain Celestial Group Inc.
- The Jordans & Ryvita Company
- The Weetabix Food Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 369 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 96.1 Billion |
| Forecasted Market Value ( USD | $ 107.9 Billion |
| Compound Annual Growth Rate | 1.7% |
| Regions Covered | Global |
