PUBLISHER: MarketLine | PRODUCT CODE: 1520950
PUBLISHER: MarketLine | PRODUCT CODE: 1520950
Global Breakfast Cereals industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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 and ready-to-eat cereals. 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 currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
The global Breakfast cereals market had total revenues of $36,224.0 million in 2023, representing a compound annual growth rate (CAGR) of 4.6% between 2018 and 2023.
Market consumption volume increased with a CAGR of 1.9% between 2018 and 2023, to reach a total of 5,260.1 million kilograms in 2023.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.8% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $45,897.4 million by the end of 2028.