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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
General Mills Inc., founded in Minneapolis, Minnesota, in 1928, is a manufacturer of processed consumer foods that owns over 100 brands in 100 countries, globally. The company offers consumers over 40 types of breakfast cereals under its Cheerios, Chex, Lucky Charms, and other brands and is also positioned as America’s No. 1 cereal company. Other breakfast products offered by the company are frozen French toast, waffles, bagels, and many more.
Del Monte Food Inc., established in 1886 is an original plant-based food company headquartered in the United States. The company provides healthy breakfast bowls at Walmart, a popular supermarket chain in the country. The breakfast bowls are a combination of 100% natural fruits, whole grain oats with honey, and yoghurt.
Nestlé S.A. is a Swiss company founded in 1866. Over 90% of the company’s breakfast cereal recipes have whole grains as the number one ingredient. The company’s Nestlé Breakfast Cereals business caters to the needs of consumers in over 130 countries, globally. Additionally, the company is a significant producer of coffee, a breakfast beverage popular across various cultures.
Other players operating in the breakfast food market include Conagra Brands, Inc., The Kellogg Company, Dr. August Oetker Nahrungsmittel KG, Unilever Plc, The Kraft Heinz Company, ITC Limited, and Pladis Foods Ltd., among others.
Breakfast Food Market Report Snapshots
Breakfast Food Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 463.51 billion.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032to reach USD 725.20 billion by 2032.
The major market drivers include the increasing preference for ready-to-eat breakfast foods, changing consumer lifestyles, rising demand for healthy organic breakfast foods, the prevalence of breakfast stalls/kiosks and convenience stores, and coffee shops selling a variety of breakfast foods, and rising urbanisation driving the demand for premium breakfast foods.
The key trends aiding the market expansion include rising awareness that breakfast is a crucial meal of the day, the launch of new breakfast cereals to cater to the needs of consumer’s taste preferences, a rising vegan population demanding plant-based breakfast foods, and a growing working population preferring convenient breakfast foods from quick service restaurants.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and Middle East and Africa.
The key distribution channels for breakfast food are supermarkets and hypermarkets, speciality stores, and online, among others.
The key players in the market are General Mills Inc., Conagra Brands, Inc., The Kellogg Company, Nestlé S.A., Dr. August Oetker Nahrungsmittel KG, Unilever Plc, The Kraft Heinz Company, Del Monte Food Inc., ITC Limited, and Pladis Foods Ltd., among others.
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124