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Breakfast Cereal Global Market By Nature, By Product Type, By Distribution Channel, By Region And Segment Forecasts, 2022-2031 | Kellogg Co, PepsiCo Inc., General Mills, Post Holdings Inc., Nature's Path Foods
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The global breakfast cereal market report by the business research company identifies 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, in 2019, the Indian government spent $873 million to subsidise 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.
The global breakfast cereal market grew from $62.21 billion in 2021 to $67.49 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The breakfast cereal market is expected to grow to $83.76 billion in 2026 at a CAGR of 5.5%.
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Asia Pacific was the largest region in the breakfast cereal market in 2021. North America was the second-largest region in the breakfast cereal market. The regions covered in the breakfast cereal market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major players in the breakfast cereal market are 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.
The global breakfast cereal market is segmented -
1) By Type: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Product: Ready-to-Eat (RTE), Hot Cereals
4) By Packaging: Boxes, Pouches, Other Packagings
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The Breakfast Cereal Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Breakfast Cereal Market Characteristics
4. Breakfast Cereal Market Product Analysis
5. Breakfast Cereal Market Supply Chain
.....
21. Key Mergers And Acquisitions In The Breakfast Cereal Market
22. Market Background: Bakery & Confectionary Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
This report covers the trends and market dynamics of the breakfast cereal market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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