Breakfast Food Market Analysis, Recent Trends and Regional Growth Forecast by 2025
According to the latest report by IMARC Group titled, “Breakfast Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global breakfast food market expects to grow at a CAGR of around 3% during 2020-2025. Breakfast food refers to the food products that are consumed in the morning as the first meal of the day. These foods usually include eggs, porridge, waffles, pancakes, cereals, oats, snack bars, ready-to-eat meals and beverages. Breakfast foods consist of high fibers, proteins, carbohydrates and several other essential nutrients aimed at activating the metabolism and maintaining energy levels throughout the day.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends
The associated health benefits of breakfast food products, along with rising health consciousness among consumers across the globe, are among the key factors driving the market growth. Furthermore, the easy availability of ready-to-eat breakfast meals with high nutritional value, which are also easy to cook and consume, are gaining immense preference among consumers, especially the working and youth populations. The launch of organic, gluten-free and vegan breakfast food variants is acting as another major growth-inducing factor. Other factors, such as attractive and convenient product packaging and rising disposable incomes of consumers, are also projected to drive the market growth in the coming years.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/breakfast-food-market
Insights on Market Segmentation:
Market Breakup by Source:
- Wheat
- Rice
- Oat
- Corn
- Barley
- Others
Market Breakup by Packaging Type:
- Boxes
- Pouches
- Others
Market Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Independent Retailers
- Specialist Retailers
- Convenience Stores
- Others
Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Britannia Inc., Campbell Soup Company, General Mills, Healthy Choice, Kellogg's, Kraft Heinz, McVitie's, Nestle, Starbucks, Unilever Ltd., etc.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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