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Based on product type, the market can be divided into breakfast cereals, snack bars, ready meals, beverages, and others. These products reach consumers via various distribution channels, including supermarkets and hypermarkets, speciality stores, online, and others. The breakfast food market segmentation based on region includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global breakfast food market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
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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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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