South and Central America Breakfast Cereals Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type, Category, Type, and Distribution Channel

The South and Central America breakfast cereals market is expected to grow from US$ 4,175.03 million in 2022 to US$ 5,321.11 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2022 to 2028.

The retail chains consist of all companies that sell goods and services to consumers. Growth in retail chains and outlets is also adding to the product awareness among consumers across the region. Supermarkets, convenience stores and hypermarkets are emerging as the key points-of-sale offering a wide range of RTE food products, breakfast cereals manufactured by leading companies in region. The retail chain sector is highly competitive in the developed economies and on the other hand developing economies of region have been witnessing significant growth. The extending supermarkets and hypermarkets are also commanding the demand of breakfast cereals. As, many consumers believe that significant price differences for identical goods across countries are the result of retailer’s actions and their different strengths in different locations. The retailers have power to change the wastage of food products. Furthermore, collective effort of financial houses and banks with retailers are enabling consumers to go for durable products with easy credits.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South and Central America Breakfast Cereals market growth at a notable CAGR during the forecast period.

South and Central America Breakfast Cereals Market Segmentation

The South and Central America breakfast cereals market is segmented on the basis of product type, category, type, distribution channel, and country.

• Based on product type, the market is bifurcated into ready to eat and ready to cook.
• Based on category, the South and Central America breakfast cereals market is divided into organic and conventional. By type, the market is segmented into low sugar and regular.
• Based on distribution channel, the South and Central America breakfast cereals market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.
• Based on country, the South and Central America Breakfast Cereals market is segmented into Brazil, Argentina, and Rest of South and Central America.

South and Central America Breakfast Cereals Market Companies Mentioned

The Kellogg Company; Bob’s Red Mill Natural Foods; General Mills Inc. ; Nestlé SA ; The Quaker Oats Company and Carman's Fine Foods Pty Ltd. are a few major companies operating in the South and Central America Breakfast Cereals market.