Breakfast Cereal Market – Global Opportunities & Forecast, 2020-2027

Breakfast Cereal Market – Global Opportunities & Forecast, 2020-2027

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Breakfast Cereal Market
The GMI Research report projects that the breakfast cereal market, evaluated at USD 43 Billion in 2019, will expand at a healthy rate of 4.8% over the forecast period. The changing food habits, rising expendable income of consumers, and increasing awareness about the importance of health breakfast will bolster the market growth.

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Breakfast Cereal Market Dynamics
With the rising working population, people are seeking for ready-to-eat food options, which have driven the breakfast cereal market growth. Breakfast cereals helps reduce obesity by supporting weight loss, minimizes the risk of blood pressure, improves gastrointestinal heath, and metabolism. Thus, the increasing awareness about the health benefits of breakfast cereal has strengthened the breakfast cereal market size.

Factors, such as the growing urban population and accelerating per capita income of consumers will also support the market growth. The surge in demand for on-the-go breakfast alternatives and the impact of western culture on food habits among millennials has propelled the market size. However, the accessibility of bad-quality cereal is a major factor likely to act as an obstruction for the market. Moreover, the easy availability of counterfeit nutritious meal options is another reason responsible for reduced market growth.

Regional Drivers
The Asia-Pacific region is anticipated to witness a faster growth over the forecast period due to increasing knowledge about healthy lifestyle and surging purchasing power of people. Moreover, augmenting demand for ready to eat food alternatives because of the rising working population and busy lifestyle will propel the market growth of this region. Individuals seek for tasty as well as healthy food items which have increased the demand for breakfast cereals.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

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