Breakfast Cereals Market Size

Statistics for the 2023 & 2024 Breakfast Cereals market size, created by Mordor Intelligence™ Industry Reports. Breakfast Cereals size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Breakfast Cereals Industry

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Breakfast Cereals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.08 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Breakfast Cereals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Breakfast Cereals Market Analysis

The breakfast cereals market is projected to register a CAGR of 5.08% during the next five years.

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

The growth of the breakfast cereal market can be positively attributed to factors such as the resurgence of the hot cereal sector and increasing demand for premium products. The hot cereal sector is made up of products that are heated before eating, with the prime example being porridge. The demand for hot cereals is likely to continue on an upward trajectory over the next five years.

Breakfast Cereal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)