Press release
Global Breakfast Cereals Market 2017-2022 Analysis & Forecast Research Report
Market InsightsThe highly concentrated global breakfast cereals market is currently driven by changing food habits and Western influence on dietary patterns of consumers in many developing economies. The market leaders are innovating their product offerings to cater to the diversified customer interests throughout the world. The global breakfast cereals market was estimated at USD 38 billion in 2015 and is poised to grow at a CAGR of 4.3% during the forecast period, to reach USD 52 billion by 2021.
Market Dynamics
Changing breakfast habits and demographics across the emerging economies have been acting as the major growth drivers for global demand of breakfast cereals. The increasing preference of Western dietary patterns has further led to the growth of global breakfast cereals market in the recent past. The wide assortment of alternative breakfast items specific to every region and inexpensive breakfast options may create obstacles for the growth of the market. The breakfast cereals market has an opportunity to grow tremendously due to the ongoing product innovation in the flavors and organic ingredients.
Market Segmentation
The global breakfast cereals market is broadly classified by product type, ingredient type, distribution channels and geography. By product type, ready to eat food products find the majority usage mainly in the North American and European regions. The hot cereal segment is anticipated to register a high growth in the Asia-Pacific region. Rice, wheat, corn, barley, and oats are the major ingredients found in breakfast cereals, wherein rice based products account for more than half of the market demand. The number of convenience stores has increased, in the last decade, as a major distribution channel for cereal products.
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Regional Analysis
The North America market, led by the United States, holds the majority of the global breakfast cereal market demand, followed by Europe. Asia-Pacific is anticipated to be the highest growing market regarding the demand during the forecast period 2016-2021. Consumers in Asian countries like China and India prefer hot cereals containing rice as a major ingredient. These nations are anticipated to register a high growth owing to changing lifestyles, high disposable income, growing young consumers, and Western preference in food choices.
Competitive Environment
Global breakfast cereals market possesses a brand specific market value, wherein popular brands like Kellogg and Coca-Cola products account for a majority market share. Market players are currently focusing on catering to region specific breakfast habits to promote their products and increase their brand value. Hence brand loyalty and customer orientation are quite important for their market value. Frequent mergers and acquisitions have been observed across the industry.
Some of the leading players in market include-
General Mills
Kellogg Company
Nestle Inc.
PepsiCo Inc.
The Coca-Cola Company
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Key Deliverables in the Study
Market analysis for the global breakfast cereals market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global wearable medical devices market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
Major Points from Table of Content:
1. Introduction
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Dynamics
5. MARKET SEGMENTATION
6. Competitive Landscape
7. Company Profiles
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