How Has the Breakfast Food Market Evolved Historically and What is its Current Size?
The breakfast food market has seen considerable growth due to a variety of factors.
• The breakfast food market has grown strongly in recent years, expected to increase from $457.71 billion in 2024 to $487.77 billion in 2025 at a CAGR of 6.6%.
This growth is attributed to increasing production of staples like cereals, eggs, and dairy products, higher disposable incomes, the spread of American-style breakfasts, a need for quick and convenient breakfast options, and a growing working population.
What Is The Projected Growth Of The Breakfast Food Template Market?
The breakfast food market is expected to maintain its strong growth trajectory in upcoming years.
• The breakfast food market is projected to grow steadily, reaching $619.91 billion by 2029 at a CAGR of 6.2%.
This growth is driven by consumer awareness, sustainability, catering to vegan and vegetarian preferences, demand for ready-to-eat meals, and breakfast food sales growth. Trends include plant-based protein, nutrient-enriched products, new product launches, frozen and ready-to-eat alternatives, and instant breakfast cereals.
What Are The Key Drivers Fueling Growth In The Breakfast Food Market?
The rising demand for convenience foods is expected to boost the breakfast food market. Convenience foods, which are prepared for quick consumption, are becoming more popular due to factors like health awareness, higher disposable incomes, and the need for ready-to-eat meals. The United States Department of Agriculture reported in 2023 that U.S. processed food exports reached $36.59 billion, a 1.7% increase from the previous year.
What Are The Principal Market Segments In The Global Breakfast Food Industry?
The breakfast food market covered in this report is segmented –
1) By Type: Breakfast Bars, Cereal Meals, Sausages And Salamis, Beverages, Bakery Products, Other Types
2) By Packaging: Films And Wraps, Rigid Boxes, Pouches And Sachets, Bottles And Jars, Trays, Cans
3) By Form: Solid, Liquid
4) By Distribution Channel: Hypermarkets And Supermarkets, Independent Retail Stores, Specialty Stores, Convenience Stores, Online Sales Channel
Subsegments:
1) By Breakfast Bars: Granola Bars, Protein Bars, Oatmeal Bars, Fruit and Nut Bars
2) By Cereal Meals: Ready-to-Eat Cereals, Hot Cereals, Muesli
3) By Sausages And Salamis: Pork Sausages, Chicken Sausages, Beef Sausages, Vegetarian Sausages, Salamis
4) By Beverages: Coffee, Tea, Fruit Juices, Smoothies, Protein Shakes
5) By Bakery Products: Bread, Muffins, Croissants, Pancakes And Waffles, Bagels
6) By Other Types: Yogurt And Parfaits, Eggs, Smoothie Bowls, Porridge Or Rice Pudding
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Which Emerging Market Trends Are Altering The Breakfast Food Industry?
Companies in the breakfast food market are innovating with healthier alternatives, such as millet and jowar-based cereals, to cater to health-conscious consumers. These options provide nutritious alternatives to traditional breakfast foods. In June 2023, Nestle, a Switzerland-based food company, launched KOKO KRUNCH Millet-Jowar and MUNCH cereals, offering a healthier and crunchier breakfast made with grains like millet, jowar, rice, and corn.
Who Are the Key Players In The Breakfast Food Market?
Major companies operating in the breakfast food market are:
• Nestle S.A.
• PepsiCo Inc.
• Unilever PLC
• Starbucks Coffee Company
• The Kraft Heinz Company
• General Mills Inc.
• Associated British Foods (ABF) PLC
• The Kellogg Company
• Hormel Foods Corporation
• Conagra Brands Inc.
• Campbell Soup Company
• Del Monte Food Inc.
• Dr. Oetker
• Britannia Inc.
• The Hain Celestial Group
• Kodiak Cakes
• Beyond Meat
• Impossible Foods Inc.
• Eat Just Inc.
• Annie's Homegrown
What Are The Regional Insights Into The Breakfast Food Market?
North America was the largest region in the breakfast food market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the breakfast food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
