Global Breakfast Cereal Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
9 Mar, 2021
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. The breakfast cereals market is segmented into oats breakfast cereal, grains breakfast cereal, and other breakfast cereal.
Global Breakfast Cereal Market Size And Drivers:
The global breakfast cereal market is expected to grow from $56.86 billion in 2020 to $60.07 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The market is expected to reach $75.44 billion in 2025 at a CAGR of 6%.
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 production and drive the market going forward.
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Trends In The Global Breakfast Cereal Market
Breakfast cereal manufacturing companies are adopting robotics and automation technology to maximize production efficiency. Robotic systems automate batching, conveying, processing, storage and packaging of cereal products thus decreasing production cycle time and increasing output. Automation enables cereal manufacturers to improve plant conditions, reduce contamination, minimize human interaction thus making processing safer for workers as well as consumers. Collaborative robots or semi-autonomous robots are used in various automation processes, including packaging. Plants with fixed automation systems increase yields by at least 2-3% over manual labor.
Global Breakfast Cereal Market Segments:
The global breakfast cereal market is further segmented based on type, distribution channel, product, packaging, and geography.
By Type:Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal.
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 global breakfast cereal market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global cereal market, accounting for 51% of the total market.
Read More On The Report For The Global Breakfast Cereal Market At:https://www.thebusinessresearchcompany.com/report/breakfast-cereal-global-market-report-2020-30-covid-19-impact-and-recovery
Breakfast Cereal Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides breakfast cereal market overviews, analyzes and forecasts market size and growth for the global breakfast cereal market, breakfast cereal market share, breakfast cereal market players, breakfast cereal market segments and geographies, breakfast cereal market’s 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.