Market OverviewThe global Breakfast Cereal Ingredients market size was valued at USD 365 million in 2022 and is projected to reach USD 466 million by 2033, growing at a CAGR of 3.5% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 365 million |
Market Forecast in 2033 | USD 466 million |
CAGR % 2023-2033 | 3.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Limagrain Ingredients; Cereal Ingredients, Inc.; Silvery Tweed Cereals; Associated British Foods PLC; Bunge Limited; Tate & Lyle PLC; Cargill, Inc. Others |
Global Breakfast Cereal Ingredients Market- DescriptionThe breakfast cereal ingredients market refers to the industry involved in the production and supply of various ingredients used in the manufacturing of breakfast cereals. Breakfast cereals are popular food products consumed worldwide, often eaten with milk or yogurt in the morning as a quick and convenient breakfast option. Health and wellness focus: With increasing consumer awareness of health and wellness, there is a growing demand for breakfast cereals with healthier ingredient profiles. This has led to the development of cereals with whole grains, reduced sugar content, higher fiber content, and fortified with vitamins and minerals.
Consumers are seeking transparency in food products and prefer cereals with clean label ingredients, free from artificial additives, preservatives, and genetically modified organisms (GMOs). Manufacturers are responding by using natural and recognizable ingredients in their formulations.
Global Breakfast Cereal Ingredients market: Key Trends
• Plant-based and alternative options
The rise of plant-based diets and dietary restrictions has driven the demand for breakfast cereals made from alternative grains like quinoa, amaranth, spelt, or gluten-free options. Additionally, plant-based milk alternatives, such as almond milk or oat milk, are often consumed with breakfast cereals. Consumers are increasingly looking for breakfast cereals that can be customized to their preferences, allowing them to choose their desired mix of ingredients, flavors, and toppings. This trend has led to the emergence of personalized cereal brands and online platforms that offer customizable options.
• Sustainable and environmentally friendly practices
Conscious consumerism is driving the demand for breakfast cereals produced using sustainable farming methods, organic ingredients, and eco-friendly packaging. Manufacturers are adopting practices that reduce carbon footprints, minimize waste, and support fair trade.
Global Breakfast Cereal Ingredients market: Segmental Analysis
By Type
• Wheat
• Oats
• Barley
• Rice
• Others
By Application
• Hot Cereal
• Cold Cereal
• Processed Cereal Food Products
• Others
Global Breakfast Cereal Ingredients market: Geographical landscape
North America has traditionally been a significant market for breakfast cereals, with the United States being the largest consumer. The region's preference for convenient and ready-to-eat breakfast options has driven the demand for cereal products. In terms of ingredients, North America emphasizes a balance between health and taste, leading to a demand for whole grains, high-fiber ingredients, and natural sweeteners. Additionally, the region has seen a growing interest in organic and gluten-free cereal options, which has influenced ingredient choices. Europe also represents a prominent market for breakfast cereals, with countries like the United Kingdom, Germany, and France being key consumers. The region places a strong emphasis on health and wellness, leading to a preference for cereals made from natural, organic, and locally sourced ingredients. Whole grains, nuts, seeds, and dried fruits are commonly used in European breakfast cereals, providing a balance of nutrition and taste. Asia-Pacific is an emerging market for breakfast cereals, driven by changing lifestyles and increasing urbanization. Countries like China and India have witnessed a rising middle class with a growing preference for convenient breakfast options. In this region, traditional breakfast choices such as rice and noodles are still prevalent, but there is a growing acceptance and demand for Western-style breakfast cereals. Ingredients such as rice, corn, wheat, and unique regional flavors are commonly incorporated into cereal products in Asia-Pacific.
Global Breakfast Cereal Ingredients Market- Impact of COVID-19
The pandemic led to disruptions in global supply chains due to lockdown measures, travel restrictions, and temporary closures of manufacturing facilities. This could have affected the availability and distribution of breakfast cereal ingredients, leading to potential shortages or delays in the delivery of raw materials. During the pandemic, consumer behavior changed significantly, including shifts in breakfast consumption patterns. With people spending more time at home, the demand for breakfast cereals and related ingredients might have initially increased as consumers stocked up on essential food items. However, as the pandemic progressed and economic uncertainties arose, consumer spending patterns may have changed, impacting the demand for breakfast cereal ingredients.
As individuals were confined to their homes, they had more time to experiment with cooking and explore alternative breakfast options. This could have led to a decline in the demand for traditional breakfast cereals and subsequently impacted the demand for specific cereal ingredients. The foodservice sector, including hotels, restaurants, and cafes, faced significant challenges during the pandemic due to closures and restrictions. As a result, the demand for breakfast cereals and related ingredients from this sector might have decreased, impacting overall market demand.
Global Breakfast Cereal Ingredients Market: Key Companies
• Limagrain Ingredients
• Cereal Ingredients, Inc.
• Silvery Tweed Cereals
• Associated British Foods PLC
• Bunge Limited
• Tate & Lyle PLC
• Cargill, Inc.
• Others
Global Breakfast Cereal Ingredients Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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