Market Forecast By Regions (Asia Pacific, North America, Latin America, Middle East, Africa And Europe), By Product Type (Cereals, Beverages, Snack Bars, Ready meals, Others), By Distribution Channel (Hypermarkets and Supermarkets, Independent Retailers, Specialist Retailers, Convenience Stores, Others) And Competitive Landscape
Product Code: ETC081278 | Publication Date: Aug 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Breakfast Food Market is anticipated to witness a proliferation in the coming years. The busy lifestyle has influenced the breakfast food market globally. Instant and low-fat content breakfast such as cornflakes, brown bread, salads among others have become a new trend. The breakfast food market is highly influenced by consumers from different geographical parts of the world. The demand for healthy food in most of the world has driven the growth in this market and it is expected to continue over the next six years. The flavor varieties of breakfast cereals along with their health-promoting traits are driving the global market. Widening distribution networks and convenience are the other drivers for the breakfast market that increase the consumption of breakfast food items. However, breakfast food items like cereals are restrained by the huge availability of alternatives. Most consumers prefer consuming eggs, smoothies, and other traditional breakfasts that are healthier and are made up of fresh ingredients. Moreover, the easier availability of convenient low-cost, and nutritious meal options is posing a threat to the demand for cereals. The adverse health effects of cereals on human health if consumed heavily is hindering the growth of the Breakfast Cereals Market. Furthermore, the added sugar content of these products is limiting the growth of the market. The outbreak of the Covid-19 has acted as a massive restraint on the breakfast food market as supply chains were disrupted due to trade restrictions imposed by the government. Also, fear of contamination through manufacturing facilities contributed to the decline but it also had a positive impact on the breakfast food market as the lockdown was imposed in most of the world, the habit of breakfast consumption at home improved significantly as major restaurants and cafes were shut for a considerable amount of time owing to the pandemic situation. Moreover, rising health consciousness among the consumers to build immunity and sustain during the coronavirus outbreak, demand for healthy breakfast cereals, and snacks have significantly improved over the year, and likely to improve in the forecast period as well.
According to 6Wresearch, the Global Breakfast Food Market size is anticipated to register growth during 2021-2027. Breakfast food has the largest market in North America in the overall global breakfast food market with key regions being United States, Canada, and Mexico. The reason being E-commerce has emerged as a major distribution channel on a global level considerable revenues have been generated from the developed economies of North America due to the rapid adoption of internet and mobile phones in the region. Furthermore, the expansion of retail distribution channels is another factor for rising sales in rural cities. Also, the Asia Pacific region has the fastest-growing market for breakfast food items with key regions being China, Japan, and India. The growth of the market is primarily driven by the increasing trend towards the consumption of processed food products in developing countries of the Asia-Pacific region, which further signifies the increasing use of breakfast cereal ingredients. Furthermore, the growth of convenience stores that promotes brand visibility is driving the growth of the breakfast food market. However, the market is stagnated due to the consumer's equal inclination towards traditional breakfast foods, which is, therefore, restraining the growth of the market.
By product type, the Breakfast Cereals Market is segmented into bars, flakes, granola, and others. Among all, flakes are the largest segment with a wide consumer base and a significant market share. Most of the renowned companies including Kellogg’s, Nestle, and General Mills are promoting flakes processed from Corn and Wheat as one of their key breakfast cereal products owing to the demand for these products. Moreover, companies are focusing on flavored cereal products with high sugar content to gain significant traction among kids. Apple, cranberries, strawberries, and coconut are the major flavors available in the global market. The potential of these flavors to balance the inherent taste of cereal bases is enhancing the consumer spectrum for flavored breakfast cereals among the adult population. Based on Distribution Channels, the market report segments the market into supermarkets, Convenience Stores, Online, and Others The key players in the global breakfast market are Kellogg Co, General Mills, Kraft Heinz, Nestle, Dr.Oetker, among others.
The Global Breakfast food market report thoroughly covers the market by product type, distribution channels, and regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa, and key countries. The Global Breakfast food market outlook report provides an unbiased and detailed analysis of the on-going Global Breakfast food market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Breakfast Food Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Breakfast Food Market Revenues & Volume, 2020 & 2027F |
3.3 Global Breakfast Food Market - Industry Life Cycle |
3.4 Global Breakfast Food Market - Porter's Five Forces |
3.5 Global Breakfast Food Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Global Breakfast Food Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Global Breakfast Food Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
4 Global Breakfast Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Breakfast Food Market Trends |
6 Global Breakfast Food Market, 2017 - 2027 |
6.1 Global Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Global Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7 Middle East Breakfast Food Market, 2017 - 2027 |
7.1 Middle East Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 Middle East Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8 Africa Breakfast Food Market, 2017 - 2027 |
8.1 Africa Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 Africa Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9 Asia Pacific Breakfast Food Market, 2017 - 2027 |
9.1 Asia Pacific Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Asia Pacific Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10 North America Breakfast Food Market, 2017 - 2027 |
10.1 North America Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 North America Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11 Latin America Breakfast Food Market, 2017 - 2027 |
11.1 Latin America Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Latin America Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12 Europe Breakfast Food Market, 2017 - 2027 |
12.1 Europe Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Europe Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13 Global Breakfast Food Market, 2017 - 2027 |
13.1 Global Breakfast Food Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Global Breakfast Food Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
14 Global Breakfast Food Market Key Performance Indicators |
15 Global Breakfast Food Market - Opportunity Assessment |
15.1 Global Breakfast Food Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Global Breakfast Food Market Opportunity Assessment, By Product Type, 2020 & 2027F |
15.3 Global Breakfast Food Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
16 Global Breakfast Food Market - Competitive Landscape |
16.1 Global Breakfast Food Market Revenue Share, By Companies, 2020 |
16.2 Global Breakfast Food Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |