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According to the latest report by MarkNtel Advisors, titled “Global Breakfast Cereals Market By Technology (Automated Meter Reading, Advanced Metering Infrastructure, Standard Meters), By End User (Residential, Municipal, Commercial, Industrial), and Other, The Global Breakfast Cereals Market size is expected to be valued at around USD 4.2.5 billion in 2023 and is estimated to grow at a CAGR of about 4.2% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-2030
Historical Data: 2019-22
CAGR (2024-2030): 4.2%
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A Sudden Shift to Healthier Ready-To-Eat Food Options - Consumer's food habits are getting altered by the fast-paced lifestyle. Ready-to-eat packaged food items have gained traction given their time-saving factor and long shelf life. Longer shelf life provides the consumer with a safety net of time. Packaged food items do more harm than good to the body if consumed regularly, but cereals offer an alternative to solve hunger within minutes while also providing nutrients. Since breakfast cereals are emerging as a healthy breakfast option, the market would benefit from the trend of living a healthy and sustainable lifestyle.
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-By Product Type
Here, Hot Cereals grabbed the largest market share in the historical period. The growth is attributed to the increasing adoption of nutritious breakfast options, as it incites the demand for multi-grain cereals.
-By Distribution Channel
Among the above segments, E-commerce is anticipated to dominate the Breakfast Cereals Market in the forecast period.
-By Nature
-By Price
-By Region
On the geographical front, Asia-Pacific is anticipated to experience substantial growth in the breakfast cereal market.
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Breakfast Cereals Market Share Breakfast Cereals Market Trends Breakfast Cereals Market Growth