Extruded Cereals Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview
Executive Summary
The Extruded Cereals Market research report provides a comprehensive analysis of the current market conditions, trends, and geographical spread across North America, Asia Pacific, Europe, USA, and China. The report forecasts that the Extruded Cereals Market is expected to grow at a CAGR of % during the forecasted period.
Market Trends:
The extruded cereals market is experiencing significant growth due to the increasing demand for convenient and healthy breakfast options among consumers. The market is witnessing a surge in product innovation, with manufacturers launching new flavors, healthier variants, and fortified options to cater to the changing consumer preferences. The growing awareness about the health benefits of extruded cereals, such as high fiber content, low fat, and added vitamins and minerals, is driving the market growth further.
Geographical Spread:
- North America: The North American market is witnessing a steady growth in demand for extruded cereals, driven by the busy lifestyles of consumers and their preference for convenient on-the-go breakfast options.
- Asia Pacific: The APAC region is experiencing rapid growth in the extruded cereals market, fueled by the increasing disposable incomes, urbanization, and changing dietary preferences of consumers.
- Europe: The European market is witnessing a growing demand for healthy and nutritious breakfast options, driving the sales of extruded cereals in the region.
- USA: The USA is one of the key markets for extruded cereals, supported by the growing health consciousness among consumers and their preference for on-the-go snack options.
- China: The extruded cereals market in China is witnessing significant growth, driven by the rising health awareness, increasing disposable incomes, and changing lifestyle trends among consumers.
Overall, the Extruded Cereals Market is expected to register a robust growth momentum during the forecasted period, driven by the increasing consumer demand for convenient, healthy, and nutritious breakfast options.
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Market Segmentation:
This Extruded Cereals Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Extruded Cereals Market is segmented into:
- Calbee
- PepsiCo
- Unichips Finanziaria
- Campbell Soup
- Grupo Bimbo
- Kellogg
- Old Dutch Foods
- Shearer's Foods
- Lorenz Snack-World
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The Extruded Cereals Market Analysis by types is segmented into:
- Organic Extruded Cereals
- Conventional Extruded Cereals
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The Extruded Cereals Market Industry Research by Application is segmented into:
- Supermarket
- Convenience Store
- Online Store
- Others
In terms of Region, the Extruded Cereals Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Key Drivers and Barriers in the Extruded Cereals Market
Key drivers in the extruded cereals market include changing consumer preferences towards convenient and healthy breakfast options, growing awareness about the benefits of whole grains and fiber, and the increasing demand for gluten-free and organic products. However, barriers such as intense competition from other breakfast options, fluctuations in raw material prices, and stringent government regulations regarding food safety and labeling pose challenges for market growth. Additionally, factors like limited shelf life, lack of awareness in developing regions, and the high cost of production are also hurdles faced by manufacturers in the extruded cereals market.
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Competitive Landscape
Calbee is a leading player in the extruded cereals market, with a rich history dating back to 1949 in Japan. The company has experienced steady market growth over the years, expanding its product offerings beyond just cereal to snacks, confectionery, and other food products. Calbee has a significant market size with a strong presence in Asia, North America, and Europe.
Kellogg is another major player in the extruded cereals market, having been founded in 1906 in the United States. The company has a long history of innovation, introducing iconic brands such as Corn Flakes and Special K. Kellogg has seen substantial market growth, with a wide range of cereal products catering to different consumer preferences. The company has a large market size and a global presence, making it a key player in the industry.
PepsiCo is a multinational food and beverage company that also operates in the extruded cereals market with brands like Quaker. The company has a diverse portfolio of products, including cereals, snacks, and beverages. PepsiCo has experienced significant market growth, driven by its strong brand recognition and marketing strategies. The company has a large market size and generates high sales revenue from its extruded cereals and other food products.
In terms of sales revenue, Kellogg reported $ billion in 2020, while PepsiCo reported $70.37 billion in the same year. Calbee, as a Japanese company, reports its financial information in Japanese yen, with net sales of ¥293.4 billion in fiscal year 2020. These figures demonstrate the strong market position and financial performance of these key players in the extruded cereals market.
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