NEW
YORK, May 16, 2024 /PRNewswire/ -- The
global breakfast food market size is estimated to grow
by USD 125 bn from 2023-2027,
according to Technavio. The market is estimated to grow at a CAGR
of 5.31% during the forecast period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download
Free sample report in a minutes
Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Distribution Channel
(Offline and Online), Product Type (Bakery products, Ready meals,
Cereals, Snack bars, and Others), and Geography (North America,
Europe, APAC, Middle East and Africa, and South America)
|
Region
Covered
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Key companies
profiled
|
Nestle SA, General
Mills Inc., Kellogg Co., PepsiCo Inc., The Kraft Heinz Co., Del
Monte Foods Inc., Unilever PLC, ITC Ltd., 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.
|
Key Market Trends Fueling Growth
The plant-based breakfast food market has witnessed substantial
growth due to the rising adoption of plant-based diets,
environmental concerns, and health-conscious choices. Consumers
seek alternatives to traditional items like eggs, bacon, and
dairy-based products. Non-dairy milks from almonds, soy, oats,
rice, and coconut are widely used in cereals, smoothies, and
coffee. Fiber-rich, protein-packed plant-based foods such as
porridge, waffles, pancakes, and sausages are gaining popularity
among fitness enthusiasts and those managing health conditions like
obesity, diabetes, and high cholesterol or blood pressure.
Breakfast foods like oats, muesli, wheat, and corn are readily
available in various stores, including convenience and departmental
ones.
Market Challenges
- The COVID-19 pandemic significantly impacted the global
breakfast food market, causing disruptions in supply chains and
increasing food prices. Cereals, dairy products, and other
breakfast items, such as bread, eggs, porridge, waffles, pancakes,
and sausages, have become more expensive due to logistical
challenges, reduced agricultural output, and higher transportation
costs. Consumers face difficulties affording these nutrient-rich
foods, which are essential for metabolism, energy levels, and
overall health. Food preferences and dietary patterns, including
those favoring fiber, protein, and carbohydrates, have been
influenced by health awareness and concerns related to obesity,
diabetes, cholesterol, and high blood pressure. The market includes
convenience stores, departmental stores, and online platforms,
offering a variety of plant-based and spicy options, such as
oats, muesli, and spicy chicken noodles or sirloin
burgers.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This breakfast food market report extensively covers market
segmentation by
- Distribution Channel
- Product Type
- 2.1 Bakery products
- 2.2 Ready meals
- 2.3 Cereals
- 2.4 Snack bars
- 2.5 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Offline- The breakfast food market can be segmented
by distribution channel, with bakery products occupying a
significant share due to their convenience and appeal. This segment
includes local bakeries, grocery stores, cafes, specialty stores,
and online stores. Bakery products, such as bread, pastries,
waffles, pancakes, and sausages, offer quick energy and essential
nutrients like fiber, protein, and carbohydrates, making them
popular choices for individuals with busy schedules. Breakfast
cereals and dairy products are also key players in this market,
catering to various dietary patterns and food preferences. Health
awareness and fitness enthusiasts increasingly opt for plant-based
and low-calorie options, while those dealing with health issues
like obesity, diabetes, and high blood pressure may prefer specific
products like oats, muesli, or fiber-rich porridge. Convenience
stores and departmental stores also stock a wide range of breakfast
foods, catering to diverse consumer needs and preferences.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
The breakfast food market caters to the nutritional needs of
fitness enthusiasts, addressing health concerns such as obesity,
diabetes, high cholesterol, and high blood pressure. Consumers
increasingly prefer plant-based options, leading to the popularity
of plant-based cereals and bread. Convenience stores and
departmental stores stock a wide range of breakfast foods,
including spicy chicken noodles, breakfast cereals, dairy products,
and various types of breakfast food like porridge, waffles,
pancakes, sausages, and eggs. Fiber-rich foods are a key focus,
ensuring a balanced and nutritious start to the day.
Market Research Overview
The breakfast food market encompasses a variety of products and
dishes consumed to kick-start the day. These include cereals, oats,
pancakes, waffles, muesli, eggs, bacon, fruits, yogurt, and
smoothies. Choices are plentiful, with consumers opting for
convenient, ready-to-eat options or traditional, homemade meals.
Spicy choices like chorizo or sirloin can be found, as well as
dairy-free and vegan alternatives. Departments or stores dedicated
to breakfast foods cater to diverse dietary needs and preferences.
Producers and processors focus on creating innovative, nutritious,
and delicious options to cater to the ever-evolving breakfast food
landscape. Dietary trends, such as low-carb or high-protein diets,
influence the market's growth and product development. Overall, the
breakfast food market offers a wide range of options to suit
various tastes, lifestyles, and dietary requirements.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Product Type
-
- Bakery Products
- Ready Meals
- Cereals
- Snack Bars
- Others
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio