(Entertainment-NewsWire.com, June 14, 2018 ) The global breakfast cerealsmarket sharewas marked at USD 47.18billion in 2017 and is expected to reach USD 60.12billion by 2024 at a CAGR of 4.6%. Breakfast cereals are which made up of cereal grains that are regularlytaken as the primary meal for the day. Breakfast cereals are of many varieties like oat-based, high-fiber cereals, , yogurt, fruits that are rich in vitamins, minerals, proteins to maintain healthy diet. Ready-to-eat breakfast cereals by type are expected to witness high growth rate during forecast period.
Ready- to-eat is the major the segment comprises of bars, cornflakes, cookies, biscuits, and some others. Increasing preference for on-the-go meal preferences is one of the factors which are driving the intake of breakfast cereal bars and biscuits. Likewise, increasing awareness about easy, quick and inexpensive meal alternatives opened by ready-to-eat cereal type is enhancing the overall cereals industry trends.
Breakfast cereals have become commercially accessible in Europe as well as in Asia Pacific and usage of breakfast cereals has increased intensely in current years in these regions.
The breakfast cereals market in Europe is rising owing to aspects like unique product launches, investments, rise in product novelty and customization. For instance, Germany-based Company, The Cereal Club UK, provides preferences for customers to fusion their own cereals online. Around more than 120 breakfast cereal ingredients, of which more than 90 ingredients are organic. Buyers can pick their preferred ingredients and create breakfast cereals by themselves.
Rising preference for healthy ready-to-eat breakfast is boosting the muesli market in Asia Pacific due to the growing urbanization, health awareness, and incidences of diseases such as heart attacks, diabetes, and blood pressure are forcing consumers to change eating habits. Breakfast cereal leaders are possible to have advantage because of this trend for example; health welfares are the major factors due to which customers buying cereals.
Global breakfast cereals market outline reveals the prominent players in the breakfast cereals industry market includes Nestle S.A., Dr. Oetker, Kellogg’s Co., Migros Co, PepsiCo Inc., Freedom Foods Group Ltd., Carman’s Fine Foods Pty Ltd. and some others.
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