Breakfast Cereals Market Size And Forecast, 2021-2028

 

Breakfast Cereals Market

Breakfast Cereals are fortified foods that contain a variety of nutritional qualities such as minerals, vitamins, iron, zinc, and so on. Breakfast cereals are made from a variety of grains, including barley, wheat, rice, oats, corn, and others. These breakfast cereals are made from wheat, combined with additional ingredients, cooked, dried, and moulded into various sizes. They come in a variety of forms, including flaked, puffed, and shredded, and are a good source of fibre and minerals. Breakfast cereals are widely accessible in supermarkets and hypermarkets, as well as department stores, pharmacies, and convenience stores.

Breakfast cereals are foods made mostly from grains or various grains such as maize, oats, wheat, and others that are taken as the day's first meal. Breakfast cereals may be consumed with milk and fresh fruits, making them a nutritious breakfast option for individuals of all ages. These cereals, produced with whole grains and no added sugar, have been shown to be a healthy and nourishing breakfast. Breakfast cereals provide proteins, carbs, vitamins, and dietary fibres that are beneficial to consumers' health. Extrusion is used to make a variety of breakfast cereals.

The growing number of convenience stores has boosted brand exposure, which in turn has increased sales of such products, which is predicted to boost the market growth of Breakfast Cereals. According to Forbes, the convenience store business in the United States generated $616.3 billion in sales in 2017. Rapid urbanisation throughout the world, along with changing consumer breakfast habits, is predicted to boost breakfast cereal market growth.

According to Coherent Market Insights, The global Breakfast Cereals Market is estimated to be valued at US$ 46,811.17 million in 2021 and is expected to exhibit a CAGR of 4.1 % over the forecast period (2021-2028).

Consumers' changing lifestyles and purchasing patterns in the Asia Pacific region, together with rising population, are likely to fuel market expansion. Rise in the region's middle-class population and economic development are also contributing to the growth of the morning cereal sector. According to the World Economic Forum, by 2030, 80 percent of Indian households would be middle-income, up from approximately 50 percent today. In 2030, the middle class will account for 75% of consumer expenditure.

Rising demand for cereal bars among health-conscious customers is likely to give prospects for growth in the morning cereals industry. Nestlé, for example, increased its snack line in September 2018 with the launch of a new fruit and nut-based nibbles brand. Yes! The five cereal bar varieties of the brand guarantee no added sugar or artificial ingredients. As a result, rising demand for cereal bars is likely to propel market expansion.

Manufacturers' increased emphasis on beautiful packaging and successful marketing methods is expected to offer up a new channel to the morning cereal industry. Growing demand for cereals free of preservatives and sugar is expected to boost morning cereal industry development. Furthermore, the growing demand for organic and whole grain-based cereals is further expected to bolster the market growth.

Furthermore, the advancement of food retail infrastructure, combined with increased knowledge about the health advantages of eating grain-based breakfasts, is fueling market expansion. The Global Breakfast Cereals Market study offers a comprehensive analysis of the market. The research provides a thorough examination of major segments, trends, drivers, constraints, the competitive landscape, and factors that are significant in the market.