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Growing Demand For Organic And Healthy Breakfast Cereals Is Fueling The Growth Of Breakfast Cereals Market

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Gauri Cmi
  Growing Demand For Organic And Healthy Breakfast Cereals Is Fueling The Growth Of Breakfast Cereals Market


The global Breakfast Cereals Market is estimated to be valued at US$ 51,374.54 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Breakfast cereals contain nutrients and fibers that provide sustained energy. They are easy to prepare and consume on-the-go. Popular varieties include corn flakes, bran flakes, oats, and muesli.

Market key trends:

One of the key trends in the breakfast cereals market is the rise in demand for organic and healthy cereals. Consumers are increasingly health-conscious and prefer natural ingredients with fewer additives. They look for whole grains, fewer sugars, and higher protein content. To cater to this demand, companies offer varieties made from ancient grains like quinoa, amaranth, and millet. They also focus on different flavors and textures to make cereal consumption more enjoyable as a snacking option.

Segment Analysis

Breakfast Cereals Market is segmented on the basis of product type into hot breakfast cereals and cold breakfast cereals. Cold breakfast cereals dominate the market as they are easily available in different flavors and textures and are affordable. Owing to busy lifestyle of consumers, ready-to-eat cereals provide instant breakfast solution.

Key Takeaways

The Global Breakfast Cereals Market Size is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing demand for convenient and healthy breakfast options.

The North America region dominated the breakfast cereals market in 2022. Rising health-conscious population preferring ready-to-eat cereals containing vitamins and minerals. However, Asia-Pacific is expected to witness the fastest growth rate over the forecast period. Rising disposable income of consumers in developing countries like India and China is driving the demand for breakfast cereals in this region.

Key players operating in the Breakfast Cereals Market are Kellogg Co., General Mills, PepsiCo., Cereal Partners Worldwide (CPW), Post Holdings, and The Weetabix Food Company. Kellogg Co. holds the largest market share with popular products like Corn Flakes, Frosted Flakes, etc. General Mills offers variety of cereal options under brands like Cheerios, Lucky Charms, Cinnamon Toast Crunch, etc. to cater to changing consumer tastes.

 

Explore More Information On This Topic @ https://www.pressreleasebulletin.com/breakfast-cereals-market-overview/


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