Breakfast Cereal Market Insights: Trends, Size, and Forecast Analysis, 2032
Market Overview:
The global breakfast
cereal market was valued at USD 38.12 billion in 2024. It is expected to
grow steadily, reaching USD 40.01 billion in 2025 and surging to USD 58.35
billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.54% over
the forecast period. North America led the market in 2024, accounting for a
dominant 45.64% share. In particular, the U.S. market is poised for significant
growth, projected to reach USD 20.82 billion by 2032. This growth is largely
driven by the continuous introduction of innovative breakfast cereal products
featuring diverse flavors and unique nutritional properties.
Breakfast cereals refer to processed food products that
usually feature grains, including oats, wheat, barley, and others. Western
diets are growingly being adopted and consumers are exploring new products and
processed foods in various flavors. The surging popularity of processed foods
in emerging economies is proliferating the market’s growth.
List of Key Players Mentioned in the Report:
- Kellogg’s
Company (U.S.)
- Nestle
S.A. (Switzerland)
- Post
Holdings (U.S.)
- General
Mills, Inc. (U.S.)
- Ltd.
(U.S.)
- Marico
Limited (India)
- Bagrrys
India Limited (India)
- B
& G foods (U.S.)
- Sanitarium
Health Food Company (Australia)
- Bob’s
Red Mill Natural Foods (U.S.)
Source: https://www.fortunebusinessinsights.com/industry-reports/breakfast-cereals-market-100535
Segmentation:
On-the-go Consumption of Ready-to-eat Cereals to Impel
Segment Growth
On the basis of type, the market is segmented into
ready-to-eat cereals and hot cereals. The ready-to-eat cereals segment occupies
the largest share, driven by the quick consumption of ready-to-eat cereals.
High Availability of Conventional Products to Boost
Segment Expansion
In terms of category, the market is categorized into
conventional and organic. The conventional segment witnesses the largest
breakfast cereal market share owing to the huge availability of conventional
products.
Ready Availability of Broad Collection of Products to
Accelerate Supermarkets/Hypermarkets Segment Growth
Based on distribution channel, the market is divided into
supermarkets/hypermarkets, convenience stores, online retail, and others. The
supermarkets/hypermarkets segment holds the largest market share owing to the
diverse collection of products being readily available in one place.
Regionally, the market for breakfast cereal is categorized
into South America, Asia Pacific, Europe, North America, and the Middle East
& Africa.
Report Coverage
The competitive strategies deployed by top companies to
attain the largest share have been mentioned in the research report. Besides
this, it provides a comprehensive coverage of the top trends, notable industry
developments, and the impact of the COVID-19 pandemic on market growth. It
further highlights the key factors propelling the market growth.
Drivers and Restraints:
Increasing Demand for Convenience Food to Expedite Market
Growth
The market has witnessed a surge in the popularity and
demand for portable cereals, including ready-to-eat products among consumers,
driven by the rising popularity of the on-the-go lifestyle. Owing to their
convenient nature and longer shelf life, processed foods such as breakfast
cereals are increasingly becoming popular among consumers.
Despite such growth opportunities, the presence of sugars
and carbohydrates, which are related to many diseases, discourages product
adoption further stifling the breakfast cereal market growth.
Regional Insights:
North America Led Owing to Encouragement by Health
Associations to Purchase Products with Lower Sugar Content
North America occupied the largest market share in 2023 as
health associations are encouraging consumers to buy products with lower sugar
content, which creates awareness and reduces their sugar consumption.
Asia Pacific’s market growth is fueled by the rising
popularity of Western diets. Rise in disposable incomes, shift in consumer
behavior, and escalating demand for processed food boasts substantial growth.
Competitive Landscape:
Key Players Leverage Partnerships to Release Innovative Products
The breakfast cereal market is experiencing growing consumer
interest in affordable, portion-controlled single-serve cereal packs. To
maintain a competitive edge, leading companies are adopting various strategies,
including mergers, acquisitions, joint ventures, and capacity expansions.
Additionally, many brands are entering into strategic partnerships to drive
innovation and bring new, unique products to market.
Key Industry Development:
April 2024: Kellogg’s India launched a new breakfast
cereal product offering named Froot Loops for consumers. The product is
targeted specifically for kids and provides a fruity and colorful offering to
consumers.
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