Press release
Hectic Lifestyle and Changing Food Habits Encourage Global Breakfast Cereals Market’s Growth, TMR Says
The vendor landscape of the global breakfast cereals market includes companies such as PepsiCo., Kellogg Co., General Mills, Cereal Partners Worldwide, Post Holdings, and the Weetabix Food Company. The market players are introducing innovative flavors in breakfast cereals to cater to customers across different regions. The U.S. had been the pioneer market for breakfast cereals. However, during the forecast period, Asia Pacific is anticipated to emerge as the fastest growing breakfast cereals market, ahead of North America and Europe. In fact, North America and Europe are anticipated to register a decline in the demand for breakfast cereals whereas Asia Pacific is projected to account for around 13% of the overall market by the end of 2019.View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1802
As a result, the market players are narrowing down their strategies to expand in this region. The market players are focusing on region-specific breakfast habits to promote their products accordingly. For example, Chinese consumers prefer hot breakfasts containing rice. Hence, the manufacturers are introducing hot breakfast cereals to appeal to customers. “Though China remains a challenging market for these companies, the nation is anticipated to register a strong demand due to hectic lifestyles and an increase in number of young consumers preferring breakfast cereals over traditional Chinese breakfast,” cites a TMR analyst.
Asia Pacific Drives Demand for Hot Breakfast Cereals
Among the major types of breakfast cereals, ready-to-eat (RTE) breakfast cereals are more popular across North America and Europe. About 85% of the overall demand for breakfast cereals across these regions consists of RTE cereals. The busy lifestyles of consumers in these regions can be attributed to the growing demand for RTE cereals. However, Asia Pacific proves to be new ground for the breakfast cereals manufacturers as a majority of consumers prefer hot breakfast at the start of the day. Hence, the hot cereals segment is anticipated to register a positive growth in this region and is expected to hold 18% of the overall market by 2019.
Sourcing of Palm Oil Emerges as a Big Threat for Cereal Manufacturers
Change in breakfast habits across the emerging economies has played a pivotal role in the growth of the global breakfast cereals market. The rise in the number of convenience stores in developing nations has increased the brand visibility of breakfast cereals, thereby contributing towards their sale. However, the availability of alternative breakfast options such as baked food products and inexpensive breakfast options from fast food chains might play spoilsport in the growth of the market. Furthermore, the sourcing of palm oil is developing into a big threat for the cereals manufacturers. The global breakfast cereals market has a significant opportunity to grow with the launch of new flavors by the key manufacturers.
The global breakfast cereals market is anticipated to expand at a CAGR of 4.10% during the period between 2013 and 2019. The overall market was valued at US$32.5 bn in 2012 and is expected to be worth US$43.2 bn by the end of 2019.
The information presented in this review is based on a Transparency Market Research report, titled “Breakfast Cereals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”
Global breakfast cereals market has been segmented as:
Segmentation of the global breakfast cereals market by product type:
Hot Cereals
Ready to Eat Cereals
Major regions analyzed in this research report are:
Europe
North America
Asia Pacific
Rest of the World
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hectic Lifestyle and Changing Food Habits Encourage Global Breakfast Cereals Market’s Growth, TMR Says here
News-ID: 350122 • Views: …
More Releases for Cereal
Cereal Bar Machines Market
A cereal bar machine is a piece of industrial equipment used in factories to mass-produce cereal bars, granola bars, protein bars, and other similar snacks. It automates the process of forming, flattening, cutting, and sometimes even coating the bar mixture into individual-sized pieces. The expansion of the cereal bar machine market is driven by a combination of factors including surging cereal bar consumption, product diversification, a focus on automation and…
Hot Cereal Market to Witness Huge Growth by 2028 : Family Cereal, Marico, Kellog …
HTF MI recently published Global Hot Cereal Market study that covers a complete market data ecosystem with a 360° view of customer activities, segment-based analytics-and-data to drive opportunities of dynamics Hot Cereal marketplace and future outlook to 2028. It includes integrated insights into surveys conducted with executives and experts from leading institutions across various countries. Some of the listed companies profiled in the report are General Mills, Kellogg, PepsiCo, Post…
Global and China Cereal Flakes Market to Witness Huge Growth by Key Players: Kel …
This report offers a detailed view about the challenging landscape of the international market. The exact and innovative information gave through this report helps organizations with getting mindful of the kinds of consumers, buyer's demand and preferences, their perspective, their purchasing aims, their reaction to a specific item, and their different tastes about the certain item already prevailing in the Cereal Flakes market. It includes a point-by-point illustration of the…
Cereal Flakes Market is Thriving Worldwide with Kellogg, Cereal Planet, Belourth …
The Latest released survey report on Global Cereal Flakes Market aims to deliver an in-depth outline regarding the trends and market development scenario to outpace market with relevant strategies. To drive profitable and sustainable growth, Cereal Flakes manufacturers need to develop strategies to appeal to consumers and leverage technology to enhance end users experience. A wide list of manufacturers are considered in the survey with company profiling of Kellogg, CLEXTRAL,…
Hot Cereal Market Demand 2020-2025
GLOBAL INFO RESEARCHhas recently published a research report titled, [Global and Japan Hot Cereal Market 2020 by Manufacturers, Type and Application, Forecast to 2025] assessing various factors impacting its trajectory. Analysts have used primary and secondary research methodologies to determine the path of the market. The data includes historic and forecast values for a well-rounded understanding. The global Hot Cerealmarket is expected to augment in the forecast period owing to…
Global Cereal Ingredient Market 2017: Kerry, Bunge, ABF, Limagrain, Sunopta, Cer …
A market study ” Global Cereal Ingredient Market ” examines the performance of the Cereal Ingredient market 2017. It encloses an in-depth Research of the Cereal Ingredient market state and the competitive landscape globally. This report analyzes the potential of Cereal Ingredient market in the present and the future prospects from various angles in detail.
The Global Cereal Ingredient Market 2017 report includes Cereal Ingredient market Revenue, market Share, Cereal Ingredient…
