The global breakfast cereal market size is expected to grow from $61.94 billion in 2021 to $67.44 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global breakfast cereal market size is expected to grow to $91.04 billion in 2026 at a CAGR of 7.8%.
What is the Global Breakfast Cereal Market?
The breakfast cereals market consists of sales of breakfast cereals such as corn flakes, muesli, and porridge oats by entities (organizations, sole traders, and partnerships) that produce breakfast cereal products. The companies in the industry process raw materials into breakfast cereals, package and distribute them through various distribution channels to both individual customers and commercial establishments.
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What drives the Global Breakfast Cereal Market?
Many countries across the globe are experiencing falling prices of crops due to overcapacity; this is expected to result in low raw material costs for food and beverage companies. For example, the Indian government spent $873 million to subsidize the export of sugar as a result of the overproduction of sugarcane, thereby reducing prices. Thus, overproduction of certain crops is likely to result in higher profit margins for food and beverage companies including breakfast and cereal manufacturing companies. Higher profit margins will enable food and beverage companies to increase their productivity and drive the market going forward.
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Global Breakfast Cereal Market Segments
The global breakfast cereal market is segmented:
By Type: Oats Breakfast Cereal, Grains Breakfast Cereal, Others
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Product: Ready-to-Eat (RTE), Hot Cereals
By Packaging: Boxes, Pouches, Others
By Geography: The regions covered in the breakfast cereal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Breakfast Cereal Global Market Report 2022provides market size and growth forecasts for the global breakfast cereal market, global breakfast cereal market share, breakfast cereal market segments and geographies, breakfast cereal market competitive landscape including leading competitors’ revenues, profiles and market shares. The breakfast cereal market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Breakfast Cereal Industry Playersinclude Kellogg Co, PepsiCo Inc., General Mills, Post Holdings Inc., Associated British Foods plc, Nature's Path Foods, B&G Foods Inc, TreeHouse Foods, Carman's Fine Foods, and Bob's Red Mill Natural Foods Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
