Breakfast Cereals Market Size, Share, Growth, Trends, and Forecast 2022 to 2030
Breakfast cereals are foods that are typically made from grains or a combination of grains, such as corn, oats, wheat, and others, and are eaten as the morning meal. The morning cereals are a nutritious option for breakfast that people of all ages can enjoy with milk and fresh fruit. It has been established that eating these cereals for breakfast, which are created with whole grains and no added sugar, is healthful and nourishing. Breakfast cereals contain nutrients that are good for customers' health, including proteins, carbs, vitamins, and dietary fibre. Cereal that can be eaten at breakfast is produced using extrusion. Remarkable businesses advertise their goods as having health benefits that come from consuming high-fiber and oat-based cereals.
The global Breakfast Cereals Market is estimated to be valued at US$ 46,811.17 million in 2021 and is expected to exhibit a CAGR of 4.1 % over the forecast period (2021-2028).
Barley-based porridges used to be a common morning food, but fiber-rich cereals have taken their place. In the United States and other industrialised countries where fortification is permitted and consumption is important, breakfast cereals play a big role in nutritional consumption. Due to the illness, which has kept everyone inside their houses, people have started eating cereal again. It is anticipated that the habits formed during the epidemic would last, with a renewed focus on eating healthfully at home and playing a crucial role in market expansion. The market for ready-to-eat foods has seen growth as consumers seek out familiar, comforting products with a long shelf life during the COVID-19 outbreak. By the end of 2019, the worldwide breakfast cereal industry had started to recover.
The leading players are currently concentrating on implementing strategies like product innovations, mergers and acquisitions, new advancements, joint ventures, collaborations, and partnerships to strengthen their market position in the global breakfast cereals market. In August 2021, Kellogg's debuted Froot loops, a multigrain product made of oats, wheat, and corn. Additionally, Kellogg's promotes the eating of cereals other than for breakfast.
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