Cereal Market is projected to expand significantly, reaching an estimated USD 53 billion by 2031 - Doehler Group, The Kellogg Company & Abbott Nutrition.

The global cereals market was valued at USD 40.3 billion in 2022 and is anticipated to experience substantial growth, reaching approximately USD 53 billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

Cereal grains, including wheat, corn, rice, oats, and barley, are processed into various forms of cereals enjoyed globally. These cereals are essential sources of energy, carbohydrates, protein, and fiber, and are rich in micronutrients such as vitamins E and B, magnesium, and zinc. They come in different forms: hot cereals are cooked grains eaten warm, while ready-to-eat cereals, or cold cereals, are pre-packaged for convenient consumption without additional cooking.

The demand for breakfast cereals is driven by health-conscious consumers who are looking for products that provide nutritional benefits and align with their wellness goals. As lifestyles become busier, there is a growing preference for convenient, portable, and healthy snack options. This trend has led to increased popularity of products like cereal bars, cereal bites, and single-serve portions, catering to the need for on-the-go consumption.

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Key Developments:

• In August 2022, PepsiCo India entered the ready-to-eat cereals market with the launch of Quaker Oats Muesli, marking its expansion into this growing segment.

• In December 2022, Kwality, a prominent producer of masalas, instant mixes, and breakfast cereals under Pagariya Food Product Pvt. Ltd., unveiled a new range of ready-to-eat healthy and flavorful breakfast cereals.

Market Dynamics:

Rising global awareness about health has led to increased demand for gluten-free and diabetes-friendly breakfast cereals. For example, a single serving of fortified Total cereal provides 40 mg of iron, meeting 100% of the Daily Value. According to OECD iLibrary, cereal consumption is expected to grow from 2.7 billion tonnes to 3 billion tonnes by 2030, driven by a rise in feed usage (+163 Mt) and food use (+146 Mt).

Consumers are turning to cereals for their health benefits, which can help manage chronic conditions such as cancer, diabetes, hypertension, liver disorders, and coronary heart disease. This shift towards healthier and more convenient food options is fueling growth in the cereal market.

Market Segmentation:

By Product Type: Hot Cereals, Ready to Eat Cereals, Others.

By Ingredient Type: Barley, Corn, Rice, Wheat, Oats, Others.

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Major Key Players:

• Doehler Group
• The Kellogg Company
• General Mills, Inc.
• Abbott Nutrition
• Nestlé S.A.
• Alara Whole Foods Ltd.
• Bobs Red Mill Natural Food Inc
• Bagrrys India Ltd.
• Marico Limited
• Carman's Fine Foods

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

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Cereal Flakes Market: https://datamintelligence.com/research-report/cereal-flakes-market

Organic Cereals Market: https://datamintelligence.com/research-report/organic-cereals-market

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