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

South America 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

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

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Market Overview

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

  • The growth of the market is mainly driven by the changing food habits and influence of western culture on dietary patterns of consumers, as it provides a convenient solution to readily accessible food that optimizes the ease of consumption without further preparation.
  • Furthermore, cereal brands are embracing creative tactics to boost consumption in South America, so as to keep consumers engaged in the category. One such strategy is to re-position cereal from a breakfast food to an “anytime” convenience food that can be consumed as a snack or dessert.
  • However, the market is stagnated due to the consumer's equal inclination towards traditional breakfast foods, which is therefor restraining the growth of the market.

Scope of the report

The breakfast cereals market in South America 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 South American countries, including Brazil, Argentina, and the Rest of South America.

By Category
Ready-to-Eat Cereals
By Product Type
Corn-based Breakfast Cereals
Mixed/Blended Breakfast Cereals
By Distribution Channel
Convenience Stores
Specialist Stores
Online Retailers
By Country
Rest of South America

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Key Market Trends

Rising 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 the consumers having a 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. In addition, the manufacturers are also utilizing traditionally grown cereal grains such as quinoa to create innovation in breakfast cereal products.

South America Breakfast Cereals Market1

Expansion of Retail Channels to Drive The Regional Market

Convenience stores led the sale with a value share of 40%, which is followed by supermarkets/hypermarkets. Online retail sale constitutes a very small share in the market but is growing at a steady rate. Organic, natural and health claim on breakfast cereals offer a potential future for baked products. Furthermore, the expansion of retail distribution channels is another factor for rising sales in rural and tier-II cities. However, increased competition from artisanal, food service offering varieties of fresh breakfast affected the packaged breakfast cereals market sale in the region.

South America Breakfast Cereals Market2

Competitive Landscape

The South America market for breakfast cereals 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. Some of the key players dominating the regional market include Kellogg NA Co., The Quaker Oats Company, Marico, and Merchant Gourmet among others.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force 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


    1. 5.1 By Category

      1. 5.1.1 Ready-to-Cook

      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 Cereals

      3. 5.2.3 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

    4. 5.4 By Country

      1. 5.4.1 Brazil

      2. 5.4.2 Argentina

      3. 5.4.3 Rest of South America


    1. 6.1 Most Active Companies

    2. 6.2 Strategies Adopted by Key Players

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Kellogg Co

      2. 6.4.2 Marico Limited

      3. 6.4.3 The Quaker Oats Company

      4. 6.4.4 Merchant Gourmet

      5. 6.4.5 Rootz & Co.

      6. 6.4.6 Pablo's Quinoa Revolucion

      7. 6.4.7 General Mills, Inc


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Frequently Asked Questions

The South America Breakfast Cereals Market market is studied from 2016 - 2026.

The South America Breakfast Cereals Market is growing at a CAGR of 3.8% over the next 5 years.

Kellogg NA Co., Marico, The Quaker Oats Company, Merchant Gourmet, Rootz & Co. are the major companies operating in South America Breakfast Cereals Market.

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