The Europe breakfast cereals market is expected to grow from US$ 8,703.39 million in 2022 to US$ 10,894.18 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2022 to 2028.
As breakfast is treated as the most essential meal of the day, customers tend to choose products that provide energy that is sufficient to kick start their day. People in European countries are inclined toward fortified cereals, which help them meet a large portion of their daily micronutrient requirements. Many high-fiber, high-protein breakfast cereal varieties added with minerals and vitamins are now available in the market. Several micronutrients and vitamins are included in the enhanced cereals. Further, consumers are paying more attention to the ingredients used in the packed products they consume, which must be mentioned on the labels. They prefer products their help them avoid chronic ailments. In addition, customers are expected to spend more on nutrition-rich components with the growing prevalence of chronic diseases worldwide. Key manufacturers have identified this consumer trend and are focusing their expenditure on nutraceutical, proteinaceous, healthy, and functional food products. The rising number of instances involving gut health among millennials, as well as the growing senior population, have led to a growth in demand for functional food components like probiotics and prebiotics, which improve consumers' digestive health and immunity. In addition, the fast-paced lifestyle and inclination toward convenience food bolster the demand for nutrient-rich food products. Thus, the rising consumption of nutritional convenience and fortified foods, and the growing incidence of chronic diseases contribute to the breakfast cereal market growth in Europe.
Vendors in the Europe 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.
As breakfast is treated as the most essential meal of the day, customers tend to choose products that provide energy that is sufficient to kick start their day. People in European countries are inclined toward fortified cereals, which help them meet a large portion of their daily micronutrient requirements. Many high-fiber, high-protein breakfast cereal varieties added with minerals and vitamins are now available in the market. Several micronutrients and vitamins are included in the enhanced cereals. Further, consumers are paying more attention to the ingredients used in the packed products they consume, which must be mentioned on the labels. They prefer products their help them avoid chronic ailments. In addition, customers are expected to spend more on nutrition-rich components with the growing prevalence of chronic diseases worldwide. Key manufacturers have identified this consumer trend and are focusing their expenditure on nutraceutical, proteinaceous, healthy, and functional food products. The rising number of instances involving gut health among millennials, as well as the growing senior population, have led to a growth in demand for functional food components like probiotics and prebiotics, which improve consumers' digestive health and immunity. In addition, the fast-paced lifestyle and inclination toward convenience food bolster the demand for nutrient-rich food products. Thus, the rising consumption of nutritional convenience and fortified foods, and the growing incidence of chronic diseases contribute to the breakfast cereal market growth in Europe.
Vendors in the Europe 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.
Europe Breakfast Cereals Market Segmentation
The Europe 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 Europe 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 Europe breakfast cereals market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.
- Based on country, the Europe Breakfast Cereals market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Breakfast Cereals Market Landscape
5. Europe Breakfast Cereals Market - Key Market Dynamics
6. Europe Breakfast Cereals - Market Analysis
7. Europe Breakfast Cereals Market Analysis - By Product Type
8. Europe Breakfast Cereals Market Analysis - By Category
9. Europe Breakfast Cereals Market Analysis - By Type
10. Europe Breakfast Cereals Market Analysis - By Distribution Channel
11. Europe Breakfast Cereals Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
Companies Mentioned
- The Kellogg Company
- WEETABIX
- Bob’s Red Mill Natural Foods
- General Mills Inc.
- Nestlé SA
- The Quaker Oats Company
- Carman's Fine Foods Pty Ltd.
- Calbee, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 8703.39 Million |
| Forecasted Market Value ( USD | $ 10894.18 Million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 8 |
