Global Breakfast Cereal Market to Reach USD 63,071.59 Million by 2031 | CAGR of 5.5%
Category : Food And Beverages | Published Date : Dec 2024 | Type : Press Release
Breakfast Cereal Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Breakfast Cereal Market size was valued at USD 41,273.67 million in 2023 and is projected to grow at a CAGR of 5.5%, reaching USD 63,071.59 million by 2031. Breakfast cereals are processed grain-based food products consumed for breakfast or as snacks. They are primarily categorized into ready-to-eat cereals, such as cornflakes and granola, and hot cereals like oatmeal and porridge. Distributed through online and offline channels, breakfast cereals cater to consumer preferences for high-fiber, high-protein, low-sugar, and gluten-free options.
The report comprises the Breakfast Cereal Market Share, Size & Industry Analysis, based on Product Type (Ready-to-Eat Cereals, Hot Cereals), Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Specialty Stores, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Breakfast Cereal Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Segmental Analysis :
Based on product type, the market is segmented into Ready-to-Eat Cereals and Hot Cereals.
- The ready-to-eat cereals segment accounted for the largest revenue share in 2023, driven by their convenience and nutritional benefits, such as fortification with essential vitamins and minerals. Popular varieties like cornflakes, granola, and muesli cater to diverse demographics.
- The hot cereals segment is projected to grow at the fastest rate during the forecast period, fueled by increasing demand for whole-grain options like oatmeal and millet, tailored with fruits and nuts for added nutrition.
Based on distribution channel, the market is segmented into Supermarkets/Hypermarkets, Online Retail, Specialty Stores, and Others.
- The supermarkets/hypermarkets segment held the largest market share of 55.19% in 2023, supported by the availability of diverse product options and convenience of one-stop shopping.
- The online retail segment is expected to grow at the fastest CAGR, driven by the increasing adoption of e-commerce platforms for purchasing niche and health-focused breakfast cereals.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- North America: Accounted for the highest market share in 2023, valued at USD 15,209.35 million, driven by evolving consumer preferences for ready-to-eat cereals and health-focused products.
- Asia-Pacific: Anticipated to witness the fastest CAGR of 6.2% during 2024–2031, fueled by urbanization, changing dietary habits, and increasing health awareness in countries like India, China, and Japan.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 63,071.59 Million |
| CAGR (2024-2031) | 5.5% |
| Product Type | Ready-to-Eat Cereals, Hot Cereals |
| Distribution Channel | Supermarkets/Hypermarkets, Online Retail, Specialty Stores, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Breakfast Cereal Industry:
- Kellanova (United States)
- General Mills, Inc. (United States)
- Pepsico Foodservice (United States)
- Nestle Switzerland (Europe)
- Post Holdings, Inc. (United States)
- Weetabix (England)
- Marico (India)
- McKee Foods Corporation (United States)
- Tree House Foods Inc. (United States)
- Calbee (Japan)
Recent Industry Developments :
- 2024: Nestlé and General Mills upgraded their AI assistant for Cereal Partners Worldwide (CPW), enhancing cereal production capabilities to meet rising demand.
- 2024: Nature’s Path launched the first USDA-certified Organic School-Compliant Cereal in the U.S., promoting healthier breakfast options for children.
- 2023: Weetabix acquired Deeside Cereals to expand its manufacturing capacity and strengthen cereal production.
