Breakfast Cereal Market Hits US$62.86 Billion Valuation in 2023, Projected CAGR of 4.31% from 2024 to 2030 ⅼ Renub Research

The global breakfast cereal market is anticipated to reach US$84.44 billion via 2030, as per Renub Research. Cereals have a rich ancient historical past in human intake. Globally, cereals encompass the suitable seeds or grains of the grass family, Gramineae, and are regarded as staple ingredients offering providing vitamins in both develop and developing country. They function as considerable sources of strength, carbohydrates, proteins, and fibre, while also containing various micronutrients like vitamin E, vitamin B, magnesium, and zinc. Moreover, the companies has tailored to customer preferences, presenting many cereals in healthier, organic, and gluten free varieties. Breakfast cereals provide a handy breakfast alternative and mirror evolving alternatives for customizable and nutritious morning meals.

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The worldwide breakfast cereal market reached a valuation of US$62.86 Billion in 2023 and is projected to develop at a CAGR of 4.31% from 2024 to 2030. Cereal trends indicate a movement towards a variety of flavors influenced by global cuisines, mainly appealing to younger age groups. Functional cereals, enriched with nutrients and probiotics, are an increasing number of people's preferred fitness-enhancing foods. Nostalgia plays a pivotal role as social media systems reignite hobbies in familiar brands, leveraging consumers' emotional connections. Manufacturers are addressing health worries by lowering sugar content and introducing options with protein and complete grains. Convenient features like single serve and microwavable alternatives cater to busy lives. Subscription offerings customise the breakfast experience, while portable cereal bars blur the boundaries between breakfast and snacks. Unique flavors, which include matcha and turmeric, resonate properly with younger buyer, and collaborations with popular brands generate exhilaration and spur a transient increase in the market.

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The global increase in ready-to-eat breakfast cereals reflects evolving consumer lifestyles and growing convenience demands.

The surge in ready-to-eat breakfast cereals globally mirrors evolving consumer lifestyles and increasing demands for convenience. As individuals lead busier lives, there is a greater emphasis on quick and convenient meal options that require minimal preparation. Ready-to-eat breakfast cereals offer a convenient solution for busy mornings, providing a nutritious and satisfying meal without the need for extensive cooking or meal preparation time. This trend is driven by the need for on-the-go breakfast options that cater to modern lifestyles, making ready-to-eat cereals a popular choice among consumers worldwide.

Traditional breakfast cereals dominate the global market due to their widespread popularity, reliability, and familiarity.

Traditional breakfast cereals dominate the global market due to their popularity, reliability, and familiarity. Ranging from classics like corn flakes to oat-based options, they are favored for their convenience and ease of preparation, appealing to busy consumers. Additionally, their consistent quality and familiar flavors evoke comfort and nostalgia. Despite newer breakfast options, traditional cereals maintain their stronghold, appealing to a broad demographic across age groups and cultures. As a result, they remain a staple in households worldwide, driving their dominance in the global breakfast cereal market.

The supermarket/ hypermarket boom is due to convenience, accessibility, and extensive product services.

The surge in supermarkets and hypermarkets is driven by their convenience, accessibility, and wide array of product offerings. These retail formats provide customers with a convenient shopping experience, offering a diverse range of products all under one roof. With spacious layouts and ample parking, they offer ease of access for shoppers. Additionally, supermarkets and hypermarkets often feature extended operating hours, catering to varying schedules. Their competitive pricing and promotional deals further attract consumers seeking value. Overall, the combination of convenience, accessibility, and extensive product services has propelled the popularity of supermarkets and hypermarkets, making them preferred shopping destinations.

USA remains an outstanding player, contributing notably to the expanding breakfast cereals market.

The USA continues to play a prominent role in the expanding breakfast cereals market. With its large population and diverse consumer preferences, the country is a significant contributor to the global demand for breakfast cereals. Leading manufacturers and brands based in the USA drive innovation, offering a wide variety of cereal options to cater to different tastes and dietary preferences. Additionally, robust distribution networks and effective marketing strategies ensure widespread availability and consumer awareness. As a result, the USA remains a key player in shaping the growth and direction of the breakfast cereals market on a global scale.

Key Player

The breakfast cereals market is contentious, with many domestic and global players competing for market share. Some of the primary key players in the market include General Mills, Inc., Nestlé S.A., Kellogg Company, Pepsico, Inc., B&G Foods Inc., Post Holdings, Inc., Calbee, Inc., Migros, and Associated British Foods plc dominate the global breakfast cereals market.

By Type the market has been covered from 2 viewpoints:

• RTE
• Hot Cereal

By Distribution Channel the market has been covered from 4 viewpoints:

• Supermarket
• Convenience Stores
• E-Commerce
• Others

By Ingredient the market has been covered from 6 viewpoints:

• Rice
• Wheat
• Corn
• Barley
• Oats
• Others

By Region the market has been covered from 4 viewpoints:

• North America
• Europe
• Asia Pacific
• Rest of World

Key Players Insight:

• Overview
• Recent Developments
• Sales

Key Players Analysis:

• Marico limited
• General Mills, Inc
• Nestlé S.A.
• Kellogg Company
• Pepsico, Inc.
• B&G Foods Inc.

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