Breakfast Cereals Market to Surpass US$ 43.2 Bn by 2021

Breakfast Cereals Market is Expected to Represent US$ 43.2 Bn by the end of 2019.
According to a new market report published by Persistence Market Research “Global Market Study
on Breakfast Cereals: Hot Cereals to Witness Highest Growth by 2019,” the global breakfast cereals
market was valued at USD 32.5 billion in 2012 and is expected to grow at a CAGR of 4.1% from
2013 to 2019, to reach an estimated value of USD 43.2 billion in 2019.
The need for convenience and busy schedules of people has been propelling the processed food
industry, which includes breakfast cereals. Developed nations already have breakfast cereals as part
of their regular course of meals. Increasing per capita income in developing countries is further
giving the breakfast cereal industry a new dimension to look for.
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The market in the US is declining which is compelling the companies in this industry to increase
their markets in the emerging economies. These companies have been increasing their advertising
spends in the emerging markets in Asia Pacific region to make consumers aware about the breakfast
cereals and the health benefits associated with them. Companies have also developed some brands
according to the regional preferences, such as inclusion of saffron and raisin flavored cereals in
India.
Special emphasis on healthy living has prompted market players to introduce new products, which
suit all age groups and lifestyles. International players are also focusing on reformulating their
products by replacing harmful hydrogenated fat and oils with healthier ingredients such as fiber and
fruits. Demand for gluten-free cereals has increased in the market, especially in North America and
Europe. There also has been an increase in demand for whole-grain cereals worldwide.
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Breakfast cereals are broadly marketed under two segments: RTE cereals and Hot cereals. The
market for RTE cereals is much bigger as compared to that of Hot breakfast cereals. The Ready-toeat (RTE) cereal had the larger share in the breakfast cereal market and was valued at USD 27.8
billion in 2012. However, the Hot cereals is growing at more than double the CAGR of RTE cereals
due to its increasing consumption in the Asian markets.
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Geographically, North America, led by sales from the US, accounted for the largest share in the
breakfast cereals market and was valued at USD 13.9 billion in 2012. Though China does not have
a large market, but the market in the country is growing at a brisk pace, therefore showing
opportunities for the companies to increase investments in this region. Major companies operating
in the market are Kellogg’s, Cereal Partners Worldwide and PepsiCo.
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Breakfast Cereals Market to Surpass US$ 43.2 Bn by 2021

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