According to a new report, published by KBV research, The Global Breakfast Cereal Market size is expected to reach $50.3 billion by 2030, rising at a market growth of 4.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,100.2 kilo tonnes experiencing a growth of 4.1% (2019-2022).
The Ready-to-Eat segment is leading the Global Breakfast Cereal Market by Product Type in 2022 thereby, achieving a market value of $40.8 Billion by 2030. The fast-paced lifestyle of the young working people has led to the expansion of ready-to-eat breakfast cereals. The more convenient ready-to-eat items, which can be consumed without cooking and appear suitable for busy millennials, have surged in popularity. The growing demand for the segment is expected to be fueled by millennial demography.
The Online segment is experiencing a CAGR of 4.6% during (2023 - 2030). Online stores may introduce seasonal, or limited-time offers on breakfast cereals, similar to brick-and-mortar retailers. Consumers can take advantage of special promotions and discounts during these periods. Many online stores have mobile applications, allowing consumers to shop for breakfast cereals conveniently using their smartphones or tablets. Online stores provide various delivery options, including home delivery and pickup points. Consumers can choose a delivery method that suits their preferences and schedule, adding to the convenience of purchasing breakfast cereals online.
The North America region dominated the Global Breakfast Cereal Market by Region in 2022 thereby, achieving a market value of $18.3 Billion by 2030, growing at a CAGR of 3.5 % during the forecast period. The Europe region is experiencing a CAGR of 3.8% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 4.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/breakfast-cereal-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Kellogg Company, General Mills Inc., Nestle S.A., PepsiCo, Inc., Archer Daniels Midland Company, B&G Foods, Inc., Bob's Red Mill Natural Foods, Inc., Post Holdings, Inc. (Attune Foods LLC), Alara Wholefoods Ltd., Bagrrys India Ltd.
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
