The ready-to-cook sector, which includes muesli, granola, and other hot cereal items, is expanding rapidly. Oats, oat bran, wheat bran, and porridge are examples of hot cereals. Because of increased consumer awareness of the nutritional advantages of grains, oats have earned great acceptance and appeal among hot cereals. Because of the value-addition in terms of micronutrients in these goods, whole grain-based ready-to-cook cereals are ruling the market. In addition, prominent corporations are attempting to integrate organic and nutritious components in order to enhance morning cereal sales.
Data Bridge Market Research analyses that the market is growing with a CAGR of 3.8% in the forecast period of 2022 to 2029 and is expected to reach USD 9,530,228.78 thousand by 2029.
“Growing demand for organic products is bolstering the market growth”
Organic food consumption eventually leads to the adoption of organic farming methods, which maintain healthy soil, produce healthy food, and create a healthy environment. Organic agriculture is built on healthy soil. Natural organic fertilizers and soil additives are used by organic farmers to help maintain the environment. Increased awareness of the importance of good health will open up new markets for organic cereals throughout Europe.
What restraints the growth of the Europe Breakfast Cereals Market?
“Price-fluctuations will limit the growth"
Rising global trade, urbanization, agricultural needs, and energy demands put additional pressure on the cost of the intermediaries required for the manufacturing of food ingredients. As a result, fluctuations in the pricing of raw materials used to manufacture cereals affect demand for the product, which is predicted to impede the growth of the Europe morning cereals market.
Segmentation: Europe Breakfast Cereals Market
Europe breakfast cereals market is categorized based on type, product type, ingredient, brand, and distribution channel.
- On the basis of type, the Europe breakfast cereals market is segmented into flaked, puffed, shredded, extruded and others.
- On the basis of product type, the Europe breakfast cereals market is segmented into RTE cereals and hot cereals.
- On the basis of ingredient, the Europe breakfast cereals market is segmented into muesli, granola, oats, wheat, barley, rye, corn, and others.
- On the basis of brand, the Europe breakfast cereals market is segmented into branded and private label.
- On the basis of distribution channel, the Europe breakfast cereals market is segmented into store-based retailers and non-store retailers.
Regional Insights: U.K. dominates the Europe breakfast cereals market
In terms of market share, the United Kingdom dominates the European breakfast cereals industry, and its dominance will continue to grow during the projection period. This is attributable to the presence of significant important actors as well as rising consumer awareness of the need of eating nutritious morning meals in the country.
The breakfast cereal market in France is reportedly expanding more quickly than any other country in Europe. Increasing health concerns and health problems like diabetes, obesity, and digestive diseases are contributing to this region's expansion.
Recent Developments in the Europe Breakfast Cereals Market
- In 2021, General Mills Inc. announced in November that it had finalized the sale of its 51 percent controlling interest in its European Yoplait operations to Sodiaal, and as part of the transaction, General Mills acquired full ownership of the Canadian Yoplait business. In the long run, this has helped the company boost its revenue.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/europe-breakfast-cereals-market
The Prominent Key Players Operating in the Europe Breakfast Cereals Market Include:
- Kellogg Co. (U.S.)
- General Mills Inc. (U.S.)
- The Quaker Oats Company (U.S.)
- CEREALTO SIRO (U.K.)
- Premier Nutrition Company, LLC (U.S.)
- Nestlé (Switzerland)
- Molino Spadoni spa (Italy)
- WEETABIX (U.K.)
- Grillon D'Or (France)
- Clif Bar & Company (U.S.)
- Associated British Foods plc (U.K.)
- DANONE (Spain)
Above are the key players covered in the report, to know about more and exhaustive list of Europe breakfast cereals market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Breakfast Cereals Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
