Breakfast Cereals Market to Surpass US$65.1 Billion by 2032

NEWARK, Del, June 28, 2022 (GLOBE NEWSWIRE) — The global breakfast cereal market is expected to grow at a CAGR of 4.4% and is expected to reach a valuation of approximately US$65.1 billion. 2032.

Cereals are a more suitable option for breakfast than the traditional homemade breakfast, and they are also eaten as fillers and snacks between meals. Ready-to-eat cereals, such as muesli and cornflakes, are popular breakfast options in Europe and North America, due to the high demand for gluten-free products.

During the forecast period, sales of hot cereals are expected to gain ground. The growing popularity of nutritious breakfast options is driving the consumption of multigrain cereals containing seeds, beans, and grains.

Rising awareness of the health benefits of whole grains and organic cereals is driving the demand for hot cereals. Additionally, the incorporation of exotic flavors into products, resulting in new tastes, is expected to drive demand.

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North America has the highest consumption of breakfast cereals in the world, with a strong preference for ready-to-eat and hot cereals. East Asia and South Asia are following suit, with international players establishing their distribution networks in countries such as India, Japan and China.

“The growing demand for organic ingredients in packaged food products, along with the introduction of fortified cereals and health-promoting cereals will create growth opportunities in the market,” says an IMF analyst.

Key points to remember:

  • Based on nature, sales of conventional breakfast cereals are expected to account for around 86% of the total market share in 2022.
  • The North American breakfast cereal market is expected to dominate the global market with a market share of around 27.9% in 2022, but East Asia is expected to witness a lucrative growth rate during the forecast period.
  • Based on sales channels, modern commerce is expected to hold a dominant share in 2022.
  • By product type, ready-to-eat breakfast cereals dominate the global market with a market share of over 60% in 2022.

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Competitive landscape

Leading breakfast cereal manufacturers are likely to expand their presence in the market owing to the growing demand for convenient and healthy food products. In recent years, most consumers have focused heavily on reducing their calorie intake by switching to better cereal brands and replacing traditional breakfast choices with better and healthier breakfast cereal brands.

Explore more valuable insights

Future Market Insights, in its new report, offers an unbiased analysis of the global breakfast cereals market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.

The study offers compelling nature-based insights (organic and conventional), by product type (ready-to-eat, hot cereal), by sales channel (modern retail, traditional grocery stores, convenience stores, specialty stores, online store, and others), in seven major regions of the world.

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

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