PUBLISHER: Market Research Future | PRODUCT CODE: 1647707
PUBLISHER: Market Research Future | PRODUCT CODE: 1647707
Global Breakfast Products Market Research Report Information By Type (Cereals & Grains, Bakery Products, Beverages, Egg And Meat Based Products), By Price Range (Economy, Premium), By Claim (Organic And Natural, Gluten-Free, Vegan And Plant-Based, High-Protein / Low-Carb, Sugar-Free / Low-Sugar, Functional Foods, Conventional), By Age Group (Kids, Adults, Senior), By Source (Animal Based, Plant Based), By End-User (Residential, Commercial), By Distribution Channel (B2B, B2C), By Packaging Format (Single-Serve Packs, Family Packs, Bulk Packaging, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East & Africa) Forecast Till 2032
The Breakfast Products Market was valued at USD 471.44 billion in 2023 and is expected to increase at a CAGR of 6.36% over the forecast period to reach USD 820.74 billion in 2032.
Breakfast is considered the most essential meal of the day. It's the first meal after an overnight fast, and it also helps you stay energized throughout the day. In recent years, there have been significant improvements in the breakfast sector of businesses. People's modern-day hectic lifestyles, dietary habits, and health knowledge have all contributed to such changes. Due to time constraints, most working-class and busy people prefer simple and quick ready-to-eat foods for breakfast. As a result, the consumption of raisins, granola bars, fruits, cereals, and protein shakes has increased dramatically.
The Breakfast Products Market is undergoing significant changes as consumer preferences shift. Rising demand for healthy and nutritious foods is a prominent trend, especially in industrialized countries such as North America and Europe. Consumers are increasingly choosing foods high in vitamins, protein, and fiber, while avoiding sugar and artificial chemicals. This has resulted in the increased popularity of plant-based milk, fortified cereals, protein-rich yogurts, and gluten-free options.
Market Segment insights
The Breakfast Products Market is divided into six categories: cereals and grains, bread products, breakfast beverages, egg-based products, meat and protein products, and snacks and on-the-go items.
The Breakfast Products Market has two pricing ranges: economy/mass and premium.
According to the claim, the Breakfast Products Market is divided into several categories: organic and natural, gluten-free, vegan and plant-based, high-protein / low-carb, sugar-free / low-sugar, functional foods, and conventional.
The Breakfast Products Market has been segmented by age group: children, adults, and seniors.
According to the report, the Breakfast Products Market is divided into two segments: plant-based and animal-based.
The Breakfast Products Market is divided into residential and commercial segments based on end users. The commercial component is separated into three categories: HoReCa/HoReBa, corporates, and others.
The Breakfast Products Market is divided into two segments based on distribution channel: B2B and B2C.
The Breakfast Products Market is segmented by packaging format, including single-serve packs, family packs, bulk packaging, and others.
Regional insights
The report on the Breakfast Products Market is divided into five regions: North America, South America, Europe, Asia Pacific, and the Middle East and Africa. APAC accounted for 35.01% of market share in 2023 and is expected to reach USD 302.88 billion by 2032. The Asia-Pacific region includes China, India, and the rest of Asia-Pacific. The Asia-Pacific breakfast products market is a dynamic and constantly rising sector, influenced by different culinary traditions and shifting consumer preferences. This market offers a diverse range of products, including traditional cuisines as well as modern convenience items, representing the region's unique cultural tapestry. Cereals and grains are one of the key areas, with ready-to-eat (RTE) cereals gaining substantial appeal. These cereals are especially appealing to busy consumers looking for quick, nutritious breakfast options. Kellogg's and Nestle have introduced a variety of goods tailored to local tastes, such as rice-based cereals in Southeast Asia and oat-based choices in Australia. In addition to cereals, bakery products are an important part of morning rituals throughout Asia-Pacific.
Nestle SA, Marico, PepsiCo, Inc., General Mills, The Kellogg Company, The Kraft Heinz Company, Post Holdings, Inc., The Hain Celestial Group, Inc., Patanjali Foods Limited, and Food For Life are among the key players in the processed meat business.