The Cereals Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Cereals Market is estimated to be USD 43.2 billion in 2017 and predicted to rise to USD 53.32 billion by 2022 with a CAGR of 4.3%. The market is segmented by type ( hot cereals and ready to eat cereals) , by ingredient type ( rice, wheat, corn, barley and others) , by distribution channel ( supermarkets and hypermarkets, independent retailers, specialist retailers, convenience stores and others) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Change in the breakfast habits and demographics across the emerging economies have been acting as the major growth drivers for the market growth of breakfast cereals. People are trying to imitate the Western food habits which have led to the further development of the market. Due to lower calorific value and high nutrition content, it is considered as an ideal breakfast across the world. The wide range of alternatives to the breakfast items and inexpensive breakfast options may create obstacles for the growth of the market. Moreover, the limited access to palm oil which is a major ingredient in cereals may pose a restraint to the market growth.
The market for Cereals is broadly categorized into type, ingredient type and distribution channel. By type the market is segmented into hot cereals and ready to eat cereals. Ready to eat cereals dominate the market share. By ingredient type the market is divided into rice, wheat, corn, barley and others. Rice based cereals account for a major share of the market revenue. By distribution channel the market is classified into supermarkets and hypermarkets, independent retailers, specialist retailers, convenience stores and others.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Cereals market was dominated by North America followed by Europe. Asia Pacific is expected to grow with the highest CAGR during the forecast period.
Some of the major companies dominating the market, by their products and services include General Mills, Kellogg Company, Nestle Inc. , PepsiCo Inc. , The Coca-Cola Company.
Browse through the full report at “https://www.marketdataforecast.com/market-reports/cereals-market-6321/” and checkout our recent reports in the Processed food category at “https://www.marketdataforecast.com/subcategory/processed-food-15/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.