Market Research Report
Global Breakfast Foods and Services Market - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||649809|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Global Breakfast Foods and Services Market - Growth, Trends, and Forecast (2018 - 2023)|
|Published: May 5, 2018||Content info: 110 Pages||
The increased awareness about the importance of a healthy breakfast is expected to drive the global breakfast foods and services market, which is anticipated to grow at a CAGR of 4.5% during the forecast period 2018-2023. With the increase in the working population, mainly the women, processed and packaged breakfast products and services are in great demand. It is observed that more than 58% of the consumers in America consume processed cereals for breakfast.
Owing to their busy lifestyles, consumers now-a-days prefer on-the-go or away-from-home food consumption. Besides, dietitians are stressing on breakfast as the most important meal of the day. The increasing health consciousness among people due to widespread obesity is a major driving factor for breakfast cereals.
There is a need for protein-rich and high-fiber breakfast, ruling out foods containing high amounts of sugar, sodium, and fat. Owing to these needs of the people, manufactures are now focusing on adding nutritional value to their products. Breakfast service providers such as McDonalds and Subway are also switching to healthy and tasty options like 99% fat-free products.
The global breakfast foods and services market is segmented by type, product, and geography. Depending upon the tastes and preferences of a region, the breakfast product choices range from cereal bars, yogurts, parantha, and sandwiches to breakfast cereals. With the ready-to-eat food segment in demand, breakfast is now being delivered by various food delivery chains and tiffin houses. Moreover, demand for processed foods like cereals and oats is also rising, owing to their nutritional benefits.
In terms of breakfast packaged foods and instant food services, the United States and the United Kingdom have been the leading countries. Since 2006, due to the growing urbanization and middle-class population, there have been many changes in the eating habits of people in the Asia-Pacific region. People in these nations are shifting their breakfast preferences from heavy foods to packaged cereals. This is expected to propel the market in Asia-Pacific in the next few years. Furthermore, the increasing number of convenience stores in these regions is considerably improving the brand visibility for manufacturers of breakfast food.
June 2016 - Cereal sales had been dropping over the past years, but when cereal giant Kelloggs opened a cereal cafe in New York in 2016, it proved to be more popular than expected. They opened the doors to a bigger, more dynamic Kelloggs NYC Cafe.
Major players - BRITANNIA INDUSTRIES LIMITED, CAMPBELL SOUP COMPANY, DEL MONTE FOODS, GENERAL MILLS, ITC FOODS LIMITED, KELLOGGS, MCDONALDS, NESTLE SA, PEPSICO, STARBUCKS, UNILEVER, among others.
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Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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4. Market Dynamics