Breakfast Cereals Market Global Industry Analysis Size
Cereals Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019″. TM, a market intelligence company based in the U. S. , states that the global breakfast cereals market was estimated at US$32. 5 billion in 2012 and is expected to reach IIS$43. 2 billion by 2019, expanding at a CARR of 4. 1% between 2013 and 2019. The major reason for the growth of the breakfast cereals market is the need for convenience foods owing to the hectic lifestyle of the middle-class society.
Breakfast Cereals Market Global Industry Analysis Size Share Growth Trends and Forecast 2013 2019 By Mesdames awards Western food habits in developing Asian countries is expected to boost the market for breakfast cereals. Furthermore, the rising per capita income of people in developing countries will fuel the market in the forthcoming future. On the other hand, the key factor hampering the growth of the market is the rising trend of consumers opting for numerous alternatives such as eggs, fruits, and other quick snacks.
Browse the full Breakfast Cereals Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 report at: http:// www. transparencymarketresearch. Com/breaststrokes-industry. HTML This market research report segments the breakfast cereals market on the basis of product type and region:On the basis of types, breakfast cereals can be segmented into ready-to- eat cereals and hot cereals. Amongst these, in 2012, the ready-to-eat cereals segment was estimated at IIS$27. 8 billion.
The preparation time in the ready-to-eat cereals is almost nil, while on the other hand, hot cereals require time to get cooked before they can be consumed. Ready-to-eat cereals are thus more popular in European and North American countries owing to the busy and hectic lifestyles of people in these regions. Thus, ready-teat meals accounted for a share of over 85% in the total market for breakfast cereals. Nonetheless, the demand for hot cereals is predicted to expand by 2019 owing to the rapidly growing utilization of these cereals in Asian countries.
