Global Organic Cereals Market is expected to display a CAGR of 6.47% CAGR over the forecast period. It can reach a mammoth valuation of USD 49.34 billion by 2024.
Organic cereals are foods containing vitamins, mineral, and other constituents from organic sources. The global organic cereals market report by Market Research Future (MRFR) considers the various drivers, challenges, trends, and opportunities for the period of 2019 to 2024 (forecast period). The impact of the COVID-19 pandemic on the industry is been thoroughly analyzed in the report.
The market is expected to stay steady during the forecast period owing to changing eating attitudes of customers. Inclination towards consumption of healthy substances can bode well for the market. Advocacy of cereals and breakfast items to be produced from organic sources and the surge in vegan population can bolster the demand for organic cereals. Huge demand for transparency in packaged foods among consumers has led to high emphasis on food safety. Clean labeling of ingredients by manufacturers for making consumers aware and protecting them from suspected allergens will facilitate market growth.
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General Mills, Inc., B&G Foods Inc., The Hain Celestial Group, Inc, Nestlé S.A., The Kroger Co, The Jordans & Ryvita Company, Medifast, Inc., Organic India Pvt. Ltd., Post Holdings Inc., Kellogg Co., Pepsico, Inc., EcoFarms Ltd., Cereal Partners Worldwide S.A., Marico Limited, and Bagrrys India Ltd. are noteworthy players of the Global Organic Cereals Market.
The global organic cereals market has been segmented based on source, category, distribution channels, and region.
The global organic cereals market has been classified, based on source, as oats, wheat, barley, blended, and others.
The global organic cereals market has been divided, based by category, into conventional organic cereals and gluten-free organic cereals.
The global organic cereals market has been segmented, on the basis of distribution channel, into store based and non-store base. Store based is further classified into convenience stores, supermarket and hyper market, and others.
Global Organic Cereals Market has been analyzed for four key regions— Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).
North America is projected to dominate the global market owing to consumption of cereals as part of breakfast of consumers in the region. Awareness of the health benefits of organic cereals and large expendable income levels of consumers can drive the regional market growth. The willingness of consumers in paying a premium for natural-derived foods is expected to work in favor of the global organic cereals market growth.
APAC is touted to display the highest CAGR over the forecast period owing to demand for foods for the increasing population. The change in lifestyles and eating habits of consumers can influence the regional organic cereals market growth trajectory during the assessment period. China and India are prime contributors of the region with consumers leaning towards premium brands due to their trustworthy ranking.
The RoW is expected to exhibit a steady growth rate over the forecast period owing to changing attitudes of customers and delving of healthy eating habits. Brazil, Venezuela, and Argentina are primed to be good investment opportunities for the global organic cereal market to expand in the coming years.
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