Breakfast Cereals Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

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The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Breakfast Cereals Market (2024-2030):

According to the latest report, the Breakfast Cereals Market size was valued at USD 38.5 Billion in 2023 and is projected to reach USD 65.2 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Breakfast Cereals Market.

Key Takeaways: Beneficial for Stakeholders and Clients

  • Historic Period: 2019-2022
  • Base year: 2023
  • Forecast Years: 2024-2030
  • CAGR (2024-30): 4.2%
  • Market Value in 2023: USD 38.5 Billion
  • Market Value in 2030 : USD 65.2 Billion

Download a sample PDF of this report to gain insights into the complete report structure : https://www.marknteladvisors.com/query/request-sample/breakfast-cereals-market.html

What are the major Driver the Breakfast Cereals industry?

The Growing Propensity for Easy-To-Store Packaged Cereals - Consumer preference has started to lean towards packaged, healthy food over traditional breakfast options, which has led to the popularity of easy-to-store packaged cereals. Since cereal contains various nutrients, including fiber and low calorific value, it is considered an ideal breakfast option. Moreover, the advancement of food retail and rising awareness of the health benefits of eating grain-based cereals would further push the breakfast cereals industry forward.

Global Breakfast Cereals Market Segmentation

The Breakfast Cereals Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • By Nature
    • Conventional
    • Organic
  • By Product Type
    • Hot Cereals
    • Ready to Eat
  • By Distribution Channel
    • Supermarkets & Hypermarkets
    • Retail Stores
    • Convenience Stores
    • Ecommerce
    • Others
  • By Price
    • Low
    • Medium
    • High
  • By Region
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • The Middle East & Africa

As per the regional aspect, the Breakfast Cereals Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report-

https://www.marknteladvisors.com/research-library/breakfast-cereals-market.html

 Top Companies in the Global Breakfast Cereals Market

Alara Whole Foods Ltd., Attune Foods LLC, B&G Foods Inc., Bagrrys India Ltd., Bobs Red Mill Natural Foods Inc., General Mills, Inc., Kellogg Company, Marico Limited, Nature's Path Foods., Nestlé S.A., Pepsico, Inc, Others.

Global Breakfast Cereals Industry Recent Development:

  • In April 2024, GHOST, a lifestyle brand well known for its sports nutrition products, energy drinks, and apparel, made a bold entry into the food category with a new high-protein cereal line. Partnering with cereal industry giant General Mills, they introduced GHOST PROTEIN CEREAL "PEANUT BUTTER" and GHOST PROTEIN CEREAL "MARSHMALLOW." Dubbed the "Breakfast of Legends," these cereals are praised for their epic flavors and high protein content.
  • In January 2024, Kellogg Co. expanded into the vegan market with the launch of its new Eat Your Mouth Off cereal brand, targeting the snacking preferences of Gen Z consumers. Known for classics like Corn Flakes and Rice Krispies, the US food giant introduced this plant-based, sugar-free, and protein-rich cereal in two flavors, marking a strategic shift towards health-conscious, younger audiences.
  • In October 2022, General Mills, Inc revealed its plan to introduce Rudolph Cereal alongside the return of two fan-favorite flavors, named Sugar Cookie Toast Crunch Cereal and Apple Pie Toast Crunch Cereal.

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Why Markntel Advisor Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

Need personalized insights? Click here to customize this report-

https://www.marknteladvisors.com/query/request-customization/breakfast-cereals-market.html

For Further Queries:

MarkNtel Advisors

Call- +1 628 895 8081, +91 120 4278433

Email - sales@marknteladvisors.com

Corporate Office:  Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India

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