Global Breakfast Cereals Market to Expand at 4.10% Cagr from 2013 to 2019 Owing to Growing Need for Convenience Foods

Transparency Market

Research

Breakfast Cereals Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2013 – 2019

Published Date

14-02-2014

117 Page Report

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Press Release

Global Breakfast Cereals Market to Expand at 4.10% CAGR from 2013 to

2019 owing to Growing Need for Convenience Foods

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Breakfast Cereals Market

REPORT DESCRIPTION

Transparency Market Research has published a new report on the global breakfast cereals market.

According to the report, the global breakfast cereals market is predicted to progress from US$32.5 bn in

2012 to US$43.2 bn by 2019. The report, titled ‘Breakfast Cereals Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast, 2013 - 2019,’ states that the global breakfast cereals market is

expected to expand at a 4.10% CAGR during the period from 2013 to 2019 owing to factors such as the

rising demand for convenience foods and the growing number of convenience stores across the globe.

Globally, breakfast cereals are available in two types, namely ready-to-eat and hot cereals. The demand

for ready-to-eat breakfast cereals is constantly increasing due to the minimal preparation time they

require. As per recent research, 85% of the total demand for breakfast cereals from Europe and North

America was for ready-to-eat products. On the contrary, the demand for hot breakfast cereals was higher

in Asia Pacific. By 2019, in terms of value, the hot breakfast cereals segment is expected to account for

18% of the global breakfast cereals market. Thus, the growing demand for both ready-to-eat and hot

breakfast cereals is expected to propel the global breakfast cereals market in the next few years.

Being initially popularized in the United States, breakfast cereals are...