The conventional breakfast is speedily being substituted by the breakfast cereals among the health-conscious customers. With the augmenting urbanization and modernization, the lifestyle changes across the globe and inclination for the healthy food have brought related radial shifts in the world food and beverages industry. Not only has this, but the Increasing disposable income has also led to augment the consumption of healthy food items. In the Asia Pacific region, the growing influence of the westernization on food habits of the middle-class populace is also underwriting efficiently towards the requirement for the breakfast cereals.
According to NHS, UK, diet high in fiber decreases the menace of heart diseases, and type 2 diabetes. Therefore, the need for the breakfast cereals encompassing the high whole grains and low sugar are more in requirement these days. The efficient utilization of the breakfast cereals among the children is increasing at a speedy pace due to the augmenting the consciousness among the parents related to the health benefits of the breakfast cereals and growing TV commercials.
According to the report analysis, ‘Breakfast Cereal Manufacturing Global Market Report 2019’ states that there are several key players which are recently functioning in this sector more actively for leading the fastest market growth and accounting the handsome value of market share across the globe throughout the forecasted period while increasing the applications of breakfast cereals and establishing the online platform for increasing the demand and serving in a better manner across the globe while providing the several purchasing offers which further proved to be benefitted for generating the handsome value of revenue includes Abbott Nutrition, Attune Foods, Back to Natures Food Company, LLC, Bob’s Red Mill Natural Foods and several others.
The breakfast cereals manufacturing market comprises of sales of breakfast cereals which includes corn flakes, muesli and porridge oats by entities (organizations, sole traders and partnerships) that introduce the breakfast cereal products. Moreover, the companies in the industry process raw materials into breakfast cereals package and allocate them through the numerous distribution channels to both individual consumers and commercial establishments. Furthermore, the Asia Pacific region was the foremost region in the global breakfast cereal manufacturing market, registering for 50% of the market in 2018. Whereas, North America was the second leading region dominating for 19% of the global breakfast cereal manufacturing market. For instance, the economy of Africa was the smallest region in the global breakfast cereal manufacturing market.
The underdeveloped economies are observing a paradigm move in the buying behavior and eating habits of consumers. The speedy urbanization and significant growth of the middle-class populace in this region are resulting in transforming the lifestyle and growth in requirement for on-the-go options for meals.
Moreover, the product & packaging advanced development coupled with a high acceptance rate of new products in countries across the globe is predicted to play a foremost role in augmenting the requirement for the product over the forecast period. Therefore, in the coming years, it is predicted that the market of breakfast cereals will increase across the globe more positively over the coming decades with the significant developments majorly in the underdeveloped regions.
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Ankur Gupta, Head Marketing & Communications