- Hot Cereals
- Ready-to-Eat (RTE) Cereals
Breakfast Cereal Market was valued at USD 46.2 billion in 2022 and is anticipated to reach USD 74.8 billion by 2023, growing at an 8.2% CAGR from 2023 to 2029. Breakfast cereals are made up of cereal grains and are traditionally eaten as a part of breakfast primarily in Western societies. The rising trend of ready-to-eat culture across the world demands for high-quality nutritional breakfast, cereals are available in numerous flavours and ingredients such as wheat, maize, rice, barley, oats, and sorghum which is best consumed with milk and curd. Key players spend on awareness of cereals and expansion of packaged cereals due to nutritional rich ingredients, these provide healthier food options economically, growing popularity of cereals drives the market growth.
The rise in promotional activities with strategic approaches added health and fitness consciousness among the people, and continuous innovation in the cereals market creates lucrative opportunities in the breakfast cereals market. availability of alternatives such as yogurt, and waffles and preference for traditional food products hinder the market growth, following increased production cost and fluctuations in cereals ingredients resist the market growth. It is predicted that demand for breakfast will increase owning to lifestyle changes escalating the packed food market, people are shifting towards healthier food items these become the major trends in upcoming years.
Fastest Growing Market
The increasing health perception and changing food habits across the world are the major market drivers in the Breakfast Cereals Market during the forecast period. Increasing food awareness and demand for nutritional rich breakfast escalate the market growth, the consumption of cereals observed more in western countries due to traditional adoption of packaged food items, changes in lifestyle and food habits are increasing across the world, people are shifting towards new dietary patterns where cereals are the best alternative for nutrition rich diet and is anticipated to dominate the breakfast food market in the upcoming years. Hence, this will drive the global market growth at a significant rate.
The breakfast cereal market size was valued at USD 46.2 billion in 2023
The breakfast cereals market is poised to grow at a significant CAGR of 8.2% from 2024 to 2030.
The leading players in the breakfast cereals market are General Mills Inc., Kellogg's Co., Nestlé SA, Bob’s Red Mill Natural Food, Nature's Path Foods, Hometown Food Company, Purely Elizabeth, The Quaker Oats Company, Barbara's Bakery, Northern Quinoa Production Corporation, Gluten-Free Prairie, Avena Foods Limited