Global Breakfast Cereal Market Outlook to 2023: CAGR is Projected to Grow at 4.5% - ResearchAndMarkets.com
Aug. 24, 2018
DUBLIN--(BUSINESS WIRE)--Aug 24, 2018--The "Global breakfast cereal - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global breakfast cereals market was estimated at USD 47.1 billion in 2016 and is poised to register a CAGR of 4.5% during the forecast period.
The highly concentrated global breakfast cereals market is currently driven by changing food habits and influence of western culture on dietary patterns of consumers in many developing economies. The market leaders are innovating their product offerings to cater to the diversified customer interests throughout the world.
The inclusion of gluten free cereals have fuelled the growth in the demand for breakfast cereals owing to rise in the trend for gluten intolerance consumers across the globe. Rise in consumer demand for snackification has been a crucial factor for the growth of breakfast cereals market.
The breakfast cereals market has experienced a slight slowdown in growth in the recent years due to the increase in consumption of snack bars.
General Mills has launched two cereals themed around Girl Scout cookies. One of the flavor is Thin Mints, a cereal that is sure to taste like chocolate wafers with a zing of spearmint. The other one is a Caramel Crunch, which tastes like the Caramel deLites cookies.
By product type, ready to eat cereals accounted for the majority share primarily in the North American and European regions. The hot cereal segment is anticipated to register a high growth in the Asia-Pacific region. The number of convenience stores has increased, in the last decade, as a major distribution channel for cereal products.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesAbbott Nutrition Attune Foods Back to Natures Food Company LLC Bobs Red Mill Natural Foods Carmans Fine Foods Dr. Oetker Food for Life Baking Co. Inc. Freedom Foods Group General Mills Kelloggs Migros Nestle S.A. PepsiCo Inc. Post Foods
For more information about this report visit https://www.researchandmarkets.com/research/b3gfxc/global_breakfast?w=4
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Related Topics:Breakfast Cereals
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 08/24/2018 03:21 PM/DISC: 08/24/2018 03:21 PM