PUBLISHER: MarketLine | PRODUCT CODE: 1930564
PUBLISHER: MarketLine | PRODUCT CODE: 1930564
Global Breakfast Cereals industry profile provides top-line qualitative and quantitative summary information including: market share, Market size (value and volume , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
The breakfast cereals market consists of retail sales of Hot cereals, Ready-to-eat cereals, and Congee.
Hot cereals segment consists of traditional products (e.g. porridge oats), instant mixes and ready-to-heat products. Ready-to-eat cereals segment consists of children's breakfast cereals and family breakfast cereals such as, flakes, muesli and other RTE cereals. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
All market data and forecasts are based on nominal prices and all currency conversions used in the creation of this report have been calculated using annual average exchange rates. The USD values may show a declining trend for few countries such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
The global breakfast cereals market recorded revenues of $39,162.1 million in 2024, representing a compound annual growth rate (CAGR) of 4.3% between 2019-24.
Market consumption volume increased with a CAGR of 0.9% between 2019-24, reaching a total of 5,306.2 million kilograms in 2024.
The global breakfast cereals market registered healthy growth during 2019-24 as rising disposable incomes, evolving consumer behaviours, expanding product innovation, and strong distribution dynamics helped sustain and even grow demand despite long-term competitive pressures.