The North America breakfast cereals market is expected to grow from US$ 14,709.67 million in 2022 to US$ 17,993.36 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2022 to 2028.
The breakfast cereals industry experienced a surge in demand during the COVID-19 pandemic. Amid lockdown restrictions and working-from-home mandates, the consumption of breakfast cereals increased drastically in 2020. Young consumers spend most of their income on convenience food, including ready-to-eat and ready-to-cook products, as less time and effort are required to prepare or plate these products. With increasing consumption, manufacturers are focusing on offering innovative products to expand their market share. For instance, in 2020, Freshly Inc., the meal delivery service acquired by Nestle SA, launched a new product line for consumers for matching their health and active lifestyles. Freshly Fit ready-to-eat meals are inspired by the keto, paleo, and plant-based diet principles. The offerings are gluten-free, clean label, and made with whole-food ingredients. They can be heated and served in three minutes.
Vendors in the North America breakfast cereals market can attract new customers and expand their footprints in emerging markets by providing innovative products. This is likely to drive the market growth at a notable CAGR during the forecast period.
North America Breakfast Cereals Market Revenue and Forecast to 2028 (US$ Million)
North America Breakfast Cereals Market Segmentation
The North America breakfast cereals market is segmented on the basis of product type, category, type, distribution channel, and country. Based on product type, the market is bifurcated into ready to eat and ready to cook. Based on category, the North America breakfast cereals market is divided into organic and conventional. By type, the market is segmented into low sugar and regular. Based on distribution channel, the North America breakfast cereals market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. Based on country, the North America breakfast cereals market is segmented into the US, Mexico, and Canada.
North America Breakfast Cereals Market - Companies Mentioned
The Kellogg Company; WEETABIX; Bob’s Red Mill Natural Foods; General Mills Inc.; Nestlé SA; Nature's Path Foods; The Quaker Oats Company; Carman's Fine Foods Pty Ltd.; and Calbee, Inc. are among the major companies operating in the North America breakfast cereals market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 14,709.67 Million |
| Market Size by 2028 | US$ 17,993.36 Million |
| CAGR (2022 - 2028) | 3.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Breakfast Cereals Market is valued at US$ 14,709.67 Million in 2022, it is projected to reach US$ 17,993.36 Million by 2028.
As per our report North America Breakfast Cereals Market, the market size is valued at US$ 14,709.67 Million in 2022, projecting it to reach US$ 17,993.36 Million by 2028. This translates to a CAGR of approximately 3.4% during the forecast period.
The North America Breakfast Cereals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Breakfast Cereals Market report:
The North America Breakfast Cereals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Breakfast Cereals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Breakfast Cereals Market value chain can benefit from the information contained in a comprehensive market report.
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