The global breakfast cereal market is expected to grow from $55.8 billion in 2019 to $56.5 billion in 2020 at a compound annual growth rate (CAGR) of 1.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $66.4 billion in 2023.
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The breakfast cereals market consists of sales of cereals such as corn flakes, muesli and porridge oats by entities that produce breakfast cereal products. The companies in the industry process raw materials into breakfast cereals, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Global Breakfast Cereal Market Segmentation –
The breakfast cereal market covered in this report is segmented
1.By Type: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal
2.By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
3.By Product: Ready-to-Eat (RTE), Hot Cereals
4.By Packaging: Boxes, Pouches, Others
Global Breakfast Cereal Market Trends –
To preserve nutrients and eliminate harmful microorganisms in canned, pickled, or dried fruits and vegetables, fruit and vegetable canning companies are using the high-pressure pasteurization technique. High pressure pasteurization is a cold pasteurization technique in which sealed or packaged products are introduced into a vessel and subjected to high pressure of 87,000 pounds per square inch or the equivalent of 5,500 atmospheres using water. The high pressure inactivates viruses, bacteria, yeasts, parasites or molds present in the food, extending shelf life and preserving nutrients.
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A Few Points From The Global Breakfast Cereal Market ToC
1. Executive Summary
2. Breakfast Cereal Market Characteristics
3. Breakfast Cereal Market Size And Growth
3.1. Global Breakfast Cereal Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Breakfast Cereal Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Breakfast Cereal Market Segmentation
5. Breakfast Cereal Market Regional And Country Analysis
5.1. Global Breakfast Cereal Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Breakfast Cereal Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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