Originally published on Technavio:Forecast and Analysis 2023-2027 Breakfast Food Market Analysis in North America, Europe, APAC, Middle East and Africa, South America

 

Summary:

With a projected Compound Annual Growth Rate (CAGR) of 5.31%, the breakfast food market anticipates an increase of USD 125 billion between 2022 and 2027. In 2017, the US claimed the largest market share, forecasting an annual revenue of USD 83.60 billion.

 

Market Dynamics:

The breakfast food market undergoes a dynamic shift fueled by diverse consumer needs and the global health awareness trend. Addressing health concerns like obesity, diabetes, and high blood pressure, brands such as Mondelez India introduce innovative offerings like Cadbury Fuse Fit. Instant breakfast cereals from industry giants like Kellogg's and Marico cater to urban consumers seeking additional nutrients and health benefits, reflecting a trend towards healthier breakfast choices.

 

Market Driver:

Diverse customer preferences and an expanding array of options drive the breakfast food market. Brands like Mondelez contribute to market appeal with products like Cadbury chocolates and Oreo cookies, offering a sweet start to the day. Nestle's plant-based series and innovations like Garden Gourmet Vrimp emphasize a variety of flavors to cater to evolving taste buds. The convenience of ready-to-eat foods gains traction in developed countries, with brands like uncrustables providing easy, delicious choices for a flavorful morning experience.

 

Segment Trends:

The Offline segment emerges as the leading segment, dominating the market with a valuation of USD 287.95 billion in 2017. Popular choices like fruit smoothies, English muffins, and breakfast pastries from bakeries align with consumer preferences for great taste, diversity, and ease of use. Local bakeries, grocers, and cafes offer a wide variety of baked goods that require little to no preparation, making them a convenient option for those on the go. The rise in cafes, coffee shops, and specialized bakeries further boosts the demand for bakery goods, promoted as quick and hassle-free breakfast options.

 

Market Size, By Region, Global, 2017 - 2027.

Breakfast Food Market Share by Geography

 

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Market Analyst Overview:

The breakfast food market provides a diverse range of options to kickstart the day with delicious and nutritious meals, catering to various tastes and preferences. From classic favorites like granola, oatmeal, and pancake mixes to convenient choices such as breakfast bars and yogurt parfaits, there's something for everyone.

 

Market Companies Overview:

The market, characterized by its fragmented nature, features significant players such as Nestle SA, General Mills Inc., Kellogg Co., PepsiCo Inc., The Kraft Heinz Co., Del Monte Foods Inc., Unilever PLC, and ITC Ltd.

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The market research and growth report also offer detailed analyses of the competitive landscape, featuring information about 15 market companies, including pladis Foods Ltd., Dr. August Oetker Nahrungsmittel KG, Conagra Brands Inc., The Hain Celestial Group Inc., Happy Egg Co. USA., Hormel Foods Corp., Versova, Aussee Oats Milling Pvt Ltd, Hildur Functional Foods Pvt. Ltd., Campbell Soup Co., Starbucks Corp., and Mars Inc.

The market forecasting report predicts growth by revenue at global, regional, and country levels, providing an analysis of the latest trends and growth opportunities from 2017 to 2027.

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