Asia-Pacific Breakfast Cereals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia-Pacific Breakfast Cereals Market is segmented by Category (Ready-to-Cook and Ready-to-Eat Cereals); by Product Type (Corn-based Breakfast Cereals, Mixed/Blended Breakfast Cereals, and Others); by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Online Retailers, and Others); and Country.

Market Snapshot

Asia-Pacific Breakfast Cereals Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 3.8 %

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Market Overview

The Asia-Pacific breakfast cereal market is growing at a CAGR of 3.8% during the forecast period (2020-2025).

  • The growth of the market is primarily driven by the increasing trend towards the consumption of processed food products in developing countries of the Asia-Pacific region, which further signifies the increasing use of breakfast cereal ingredients. Health issues with regards to food habits have changed. People are opting for nutritive food items. Hence, the consumption of breakfast cereals has increased in the market.
  • Furthermore, the robust growth of convenience stores that promotes brand visibility is driving the growth of the breakfast cereals market.
  • However, the market is stagnated due to the consumer's equal inclination towards traditional breakfast foods, which is, therefore, restraining the growth of the market.

Scope of the report

The breakfast cereals market in Asia-Pacific has been segmented by Category, into ready-to-cook breakfast cereals and ready-to-eat breakfast cereals; and by distribution channel into supermarket/hypermarket, convenience stores, online retailers, and others. Also, the study provides an analysis of the breakfast cereal market in the emerging and established markets across the Asia-Pacific countries, including India, China, Japan, Australia, and the Rest of Asia-Pacific.

By Category
Ready-to-cook Cereals
Ready-to-eat Cereals
By Product Type
Corn-based Breakfast Cereals
Mixed/Blended Breakfast
Cereals
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialist Stores
Online Retailers
Others
By Country
India
China
Japan
Australia
Rest of Asia-Pacific

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Key Market Trends

Rising Demand For Convenience Food In The Region

The demand for convenience foods is growing at a faster pace due to changes in social and economical patterns, as well as an increase in urbanization, buying power and awareness about health foods, changes in meal patterns and existing food habits, desire to taste new products. They are becoming extremely popular especially among working-class people, teenage children, people living in hostels, bachelors, and so on. Furthermore, recent innovations have led to the use of many traditional technologies like fermentation, extraction, encapsulation, fat replacement, and enzyme technology to produce new healthy breakfast cereals products and reduce/remove undesirable food components, and add specific nutrients.

Asia-Pacific Breakfast Cereals Market1

China to Drive The Asia-Pacific Market

China dominates the market contributing to the maximum market share in the Asia-Pacific market, followed by Japan and Australia. This is due to the change in breakfast cereals consumption patterns and inclination towards healthier products. Muesli and granola remain the most popular type of RTE breakfast cereal in the Chinese market. Also, increased adoption of western lifestyle has paired the driving factors of the market sales. In addition, product development of low carb, high fiber, multigrain and fortified breakfast cereals that appeal to health-conscious consumers, along with launches of new flavors, from many brands, including Seamild, Ocak, and Wugumofang, introducing new fruit flavors, such as durian. have triggered market growth. Furthermore, marketing campaigns promoted by Nestle and Kellogg, the two leading international players in China, for several years have been effective at informing and educating Chinese consumers about the benefits of starting the day with a bowl of cereal.

Asia-Pacific Breakfast Cereals Market2

Competitive Landscape

The Asia Pacific market for breakfast cereal is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, PepsiCo’s, one of the largest players in the Asia Pacific is expanding in health-orientated food categories and is strengthening its position in the category in China with the acquisition of a 26% stake in Natural Food International Holding Ltd, producer of the Wugumofang brand.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Category

      1. 5.1.1 Ready-to-cook Cereals

      2. 5.1.2 Ready-to-eat Cereals

    2. 5.2 By Product Type

      1. 5.2.1 Corn-based Breakfast Cereals

      2. 5.2.2 Mixed/Blended Breakfast

      3. 5.2.3 Cereals

      4. 5.2.4 Others

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialist Stores

      4. 5.3.4 Online Retailers

      5. 5.3.5 Others

    4. 5.4 By Country

      1. 5.4.1 India

      2. 5.4.2 China

      3. 5.4.3 Japan

      4. 5.4.4 Australia

      5. 5.4.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 General Mills Inc.

      2. 6.4.2 Marico

      3. 6.4.3 Kellogg NA Co.

      4. 6.4.4 PepsiCo, Inc.

      5. 6.4.5 Bob’s Red Mill Natural Foods

      6. 6.4.6 Post Foods Canada, Inc.

      7. 6.4.7 MTR Foods Pvt Ltd.

      8. 6.4.8 GlaxoSmithKline Consumer Healthcare Ltd.

      9. 6.4.9 Fespro

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Breakfast Cereals Market market is studied from 2016 - 2026.

The Asia-Pacific Breakfast Cereals Market is growing at a CAGR of 3.8% over the next 5 years.

General Mills, Marico, Kellogg NA Co., PepsiCo Inc., Bob’s Red Mill Natural Foods are the major companies operating in Asia-Pacific Breakfast Cereals Market.

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