Breakfast Cereals Global Industry Research Report 2024-2030: Manufacturers Join Health and Wellness Bandwagon, Embrace Ancient Grains, Salt/Sugar/Fat-free Products Register Declining Demand

Dublin, May 17, 2024 (GLOBE NEWSWIRE) -- The "Breakfast Cereals - Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.

*Global Breakfast Cereals Market to Reach $107.9 Billion by 2030*

The global market for Breakfast Cereals estimated at US$96.1 Billion in the year 2023, is projected to reach a revised size of US$107.9 Billion by 2030, growing at a CAGR of 1.7% over the analysis period 2023-2030.

The global market for novel eating and storage preferences continues to sustain demand, despite the saturated North American market slowing the overall growth rate. This market has seen a parallel increase in volume consumption, with developed regions being primary revenue contributors, while developing regions are emerging as hotspots for future growth. Important factors sustaining global growth include increasing health-consciousness among consumers, the convenience of products, rising impulse purchases, a greater variety of options, and customization to local tastes.

Cold Cereals, one of the segments analyzed in the report, is expected to record 0.8% CAGR and reach US$70.7 Billion by the end of the analysis period. Growth in the Hot Cereals segment is estimated at 3.6% CAGR for the next 7-year period. Hot cereals are set to revive the market, offering a promising area for expansion. The competitive landscape is marked by major market players adopting various strategies to maintain their positions.

Companies are increasingly moving towards digital targeting to reach consumers, while brands face growing competition from private label vendors. This dynamic environment necessitates innovative approaches and adaptability from vendors to capitalize on evolving consumer preferences and market opportunities.

*The U.S. Market is Estimated at $26 Billion, While China is Forecast to Grow at 3.2% CAGR*

The Breakfast Cereals market in the U.S. is estimated at US$26 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$20.5 Billion by the year 2030 trailing a CAGR of 3.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.2% and 2.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 0.3% CAGR.

*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 369
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $96.1 Billion
Forecasted Market Value (USD) by 2030 $107.9 Billion
Compound Annual Growth Rate 1.7%
Regions Covered Global
*MARKET OVERVIEW*

· Influencer Market Insights
· World Market Trajectories
· Breakfast Cereals: Catering to Varied Needs of Diverse Cultures and Demographics
· Market Snapshots
· Recent Market Activity
· Novel Eating/Storage Preferences Continue to Sustain Demand
· Saturated North America Slowing Down Global Growth Rate
· Market Sees Parallel Increase in Volume Consumption
· Developed Regions: Primary Revenue Contributors
· Developing Regions: Hot Spots for Future Growth
· Important Factors Sustaining Global Growth
· Increasing Health-Consciousness among Consumers
· Convenience
· Increasing Impulse Purchases
· Greater Options
· Customization to Local Tastes
· Hot Cereals Set to Revive Market
· Competitive Landscape: A Look at Market Majors
· Vendors Adopt Various Different Strategies
· Companies Move towards Digital Targeting
· Brands Face Growing Competition from Private Label Vendors
· Breakfast Cereals - Global Key Competitors Percentage Market Share in 2024 (E)
· Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
· Global Economic Update

*MARKET TRENDS & DRIVERS*

· Growing Preference for Healthy, Organic & All-Natural Cereals Drives Steady Market Demand
· Organic and Whole Grain Based Cereals Witness Strong Market Penetration
· Manufacturers Join Health and Wellness Bandwagon, Embrace Ancient Grains
· Salt/Sugar/Fat-free Products Register Declining Demand
· Breakfast Cereal Innovations: Reinvigorating Market Growth
· Rise of Vegetarianism Favors Market Adoption
· Functional/Fortified Yogurts: Competing or a Complimentary Option?
· Demand for Cereal Bars Gains Momentum, Benefits Market Expansion
· Gluten-free Cereal: The New Buzzword
· Ready to Eat Cereals (RTEC) Market Strive to Attract Fussy Millennials
· RTEC for Children Gain Favorable Nutritional Profile, Bodes Well for Market Penetration
· Manufacturers Target Children and Specific Adult Groups
· Snack Foods to Cannibalize the Conventional Breakfast Cereals Market
· Favorable Economic and Demographic Trends Strengthen Market Prospects
· Ballooning Global Population Offers Lucrative Growth Opportunities
· Child Population: A Weighty Demographic Driver
· Expanding Urban Population Spurs Growth in RTEC Consumption
· Urbanization: A Megatrend Fueling Demand for RTEC in Emerging Economies
· Shrinking Family Size Favors Smaller Packaging of Cereals
· Breakfast Cereals: Big Hit Among Working Women

*FOCUS ON SELECT PLAYERS**(Total 233 Featured)*

· Alara Wholefoods Ltd. (UK)
· Attune Foods (USA)
· AVEES Products India (India)
· B&G Foods, Inc. (USA)
· Back to Nature Foods Company, LLC (USA)
· Bob's Red Mill Natural Foods (USA)
· Food For Life Baking Co., Inc. (USA)
· General Mills, Inc. (USA)
· Kellogg Company (USA)
· mymuesli GmbH (Germany)
· Mornflake Oats Limited (UK)
· McKee Foods Corporation (USA)
· Nestle S.A. (Switzerland)
· Post Holdings, Inc. (USA)
· Post Consumer Brands, LLC (USA)
· The Weetabix Food Company (UK)
· Pristine (Malaysia)
· Quaker Oats Company (USA)
· The Hain Celestial Group, Inc. (USA)
· The Jordans & Ryvita Company (UK)
· Weight Watchers International, Inc. (USA)

For more information about this report visit https://www.researchandmarkets.com/r/lco857

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*Attachment*

· Breakfast Cereals Market

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