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Innovation-Based Sanity To Maintain The Momentum Of Breakfast Cereals Market
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The market in the US is declining which is compelling the companies in this industry to increase their markets in the emerging economies. These companies have been increasing their advertising spends in the emerging markets in Asia Pacific region to make consumers aware about the breakfast cereals and the health benefits associated with them. Companies have also developed some brands according to the regional preferences, such as inclusion of saffron and raisin flavored cereals in India.
Special emphasis on healthy living has prompted market players to introduce new products, which suit all age groups and lifestyles. International players are also focusing on reformulating their products by replacing harmful hydrogenated fat and oils with healthier ingredients such as fiber and fruits. Demand for gluten-free cereals has increased in the market, especially in North America and Europe. There also has been an increase in demand for whole-grain cereals worldwide.
Breakfast cereals are broadly marketed under two segments: RTE cereals and Hot cereals. The market for RTE cereals is much bigger as compared to that of Hot breakfast cereals. The Ready-to-eat (RTE) cereal had the larger share in the breakfast cereal market and was valued at USD 27.8 billion in 2012. However, the Hot cereals is growing at more than double the CAGR of RTE cereals due to its increasing consumption in the Asian markets.
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Geographically, North America, led by sales from the US, accounted for the largest share in the breakfast cereals market and was valued at USD 13.9 billion in 2012. Though China does not have a large market, but the market in the country is growing at a brisk pace, therefore showing opportunities for the companies to increase investments in this region. Major companies operating in the market are Kellogg's, Cereal Partners Worldwide and PepsiCo.
Breakfast Cereals Market, By Product Segment
Ready-to-eat (RTE) Cereals
Hot Cereals
Breakfast Cereals Market, By Region
North America
Europe
Asia Pacific
Rest of the World (RoW)
The breakfast cereals market for each major country include:
Market Overview
Market Size, by segment, by volume (Historic and Forecasted)
Market Size, by segment, by value (Historic and Forecasted)
Competitive Landscape
Market Share, by company, by value (2012 and 2019)
Market Share, by distribution channel, by value (2012 and 2019)
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