DUBLIN, July 29, 2021--(BUSINESS WIRE)--The "Breakfast Food Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global breakfast food market is projected to grow at a CAGR of 4.6% during the forecast period (2021 - 2026).
The Kellogg Company
Del Monte Food, Inc.
Pladis Foods Limited (McVitie's)
Post Holdings, Inc.
Premier Foods Group Limited
Key Market Trends
Rising demand For Ready-To-Eat Food in Breakfast Market
The prevalence of hectic lifestyles across developed, as well as developing nations, has led to a trend of skipping breakfast meals, propelled mostly by the millennial segment. Therefore, this has resulted in leveraging the business of ready-to-eat food products owing to the increasing understanding of perception among consumers in devouring traditional breakfast meals throughout the day, thus considering RTE foods as the closest alternative to regular food. This segment is growing at a fast pace as a result of the high consumer acceptance for such breakfast food globally. Also, innovative products in functional ingredients, convenience, and organic foods and advancement in areas of packaging technology are expected to provide a future growth opportunity in the sector.
Domination of Breakfast Food Products in North America
The North American market holds the majority of share in the global breakfast food market demand, followed by Europe. The excess production capacity, changing consumer preferences across the spectrum of shopping habits, purchase behaviour, and consumption patterns are driving the market growth in the region. However, an opportunity exists for a brand to take over the breakfast market through consumer engagement, as demonstrated in recent years by PepsiCo, with Frito-Lay engagement programs in snacks and creative foodservice partnerships.
The manufacturers are also focusing on the health and wellness trend in North American, targeting the young consumers and the working population. The changing lifestyle of consumers involving the consumption of smaller meals is further leading to the increased consumption of breakfast food, which is expected to propel the demand for products such as snack bars, cereals and others in the region.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.2 By Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 The Kellogg Company
6.4.2 Del Monte Food, Inc.
6.4.3 Nestle S.A.
6.4.4 Pladis Foods Limited (McVitie's)
6.4.5 PepsiCo, Inc.
6.4.7 Post Holdings, Inc.
6.4.8 ITC Limited
6.4.9 Premier Foods Group Limited
6.4.10 Orkla ASA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/vroi30
View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005514/en/
Laura Wood, Senior Press Manager
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