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

Market Overview

Global Breakfast Cereals Market is projected to register a CAGR of 4.78% during the forecast period 2021-2026.

The situation of the Covid-19 pandemic had prompted a shift from eating out to cooking at home as consumers seek healthier, safe, and convenient food options. With this trend expected to continue post pandemic, manufacturers operating in this business are rolling out private label products which consumers find themselves in a convenient environment to shop and cook, with added safety of pre-packaged ingredients. The pandemic has changed the way consumers plan their meals, where new offerings are giving people the flexibility to shop conveniently and create healthy meals in a similar fashion to scratch cooking. On the other hand, the consciousness have increased among consumers and brands with help of retailers are vying on maintaining the highest safety standard with quality and sustainability as a major concern.

With the growing demand from conscious consumers for supermarkets to provide a broader variety of food products to cater to specific preferences, such as natural ingredients to organic and free-from products, brands operating in this segment are continuing to expand its offering to include more innovative products that promote sustainable and healthy eating.

COVID-19 has also resulted in the generation of opportunities for many private players to emerge in the markets to cater to the inflated demand. Also, the demand for innovated breakfast products is growing in the country among urban population since such meals are a quick and convenient source of nutrition and energy.

The growth of the market is mainly witnessed due to the changing food habits and influence of western culture on the dietary patterns of consumers, as it provides a convenience solution to readily accessible food that optimize the ease of consumption without further preparation. Also, consumers preference towards nutritious and healthy food on regular basis is driving the market. Also, the robust growth of convenience stores that promotes brand visibility is driving the growth of breakfast cereals market.

Geographically, 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 predicted to grow at an accelerating rate over the forecast period due to increased preference of China and India for hot cereals containing rice or wheat as major ingredients. However, the market is stagnated due to the consumers equal inclination towards traditional breakfast foods, which is therefor restraining the growth of the market.

Scope of the Report

Breakfast cereal is a food made from processed grains that are often eaten with the first meal of the day. It is primarily consumed as a breakfast mostly in western societies. The global breakfast cereal market has been segmented by type, and distribution channel and geography. The market by type includes ready-to-cook breakfast cereals and ready-to-eat breakfast cereals. By distribution channel, the market is segmented into supermarket/hypermarket, convenience stores, online retailers, and others, and by geography which includes North America, Europe, Asia-Pacific, South America and the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Ready-to-Eat Breakfast Cereals

Ready-to-eat breakfast cereals dominate the whole market owing to the convenience solution it offers to the consumers. The market is mostly driven by consumers having busy lifestyle as these are the processed grain formulations suitable for consumption without further cooking. Whole grain-based ready-to-eat cereals are leading the market owing to the value-addition in terms of micronutrients in these products. Also, the leading companies are trying to blend organic and healthy ingredients in order to boost the sales of breakfast cereals. Also, the manufacturers are also utilizing traditionally grown cereal grains such as quinoa to create innovation in breakfast cereal products. For instance, Quinoa Crack offers quinoa-based gluten-free, super snacking solution.

To understand key trends, Download Sample Report