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Plant-based Breakfast Cereals Market Segmented By Organic, Conventional Nature in Bars, Powders, Whole Form with Flavored and UnFlavored Flavor
According to latest research by Persistence Market Research, plant-based breakfast cereals market is set to witness steady growth during 2021-2031. Demand for plant-based breakfast cereals will witness steady growth in short-term, with optimistic growth outlook in the long-run. The sales of plant-based breakfast cereals in retail sector will provide momentum to its market growth.
The increasing popularity of plant-based dietary is a direct outcome of the awareness among consumers about eating healthy and staying fit. The increased literacy has resulted in a more aware consumer than ever before and today consumers are ready to spend more for the products that offer more enrichment to their bodies.
Several health benefits associated with consuming plant-based foods include improved blood pressure, heart health, prevention of type-2 diabetes, cholesterol control, increased life expectancy, reduced risk of cancer, minimized stroke risk, improved brain health, and body weight control. The notion to start the day with a healthy meal is also affecting the buying and consumption patterns of consumers.
A plant-diverse cereal range promotes the consumption of foods like grains, fruits, vegetables, nuts, and legumes which contain fiber, protein, vitamins, and minerals. Cereals derived from plant-based sources are also more environmentally stable as these require less land and water to produce. All these factors are presenting an optimistic growth outlook for the overall market.
The dominating working-class population requires foods that take less cooking time and effort. This not only ensures the cost-cutting on energy expenses but also provides quickly consumable foods. For instance, a breakfast cereal with the benefits of a plant-based natural dietary is an idealistic choice when it comes to serving convenient foods to consumers.
Moreover, the increasing demand for transparency in food items is also shaping the buying patterns of consumers today. Consumers today don’t buy the food items just for the need to buy them but ensure minimal adulteration products. The key manufacturers are ensuring a transparent process to maintain their customer base.
China by far is the top cereal-producing country. As of 2018, the share of China in global cereals production was more than twenty percent. This means a great demand for cereals manufacturing in this country and looking at the urbanization and literacy data this depicts potential for lucrative market development for plant-based cereals manufacturing.
The country apart from the basic raw material availability has a set of other attributes to offer to the manufacturers of plant-based breakfast cereals. These attributes include technological advancements, skilled human resources, etc. which can be utilized to the fullest to produce high-quality end products.
Furthermore, the dominant population in this country is looking for healthier alternatives to conventional foods and hence can readily serve as a potential consumer base for the key manufacturers of plant-based breakfast cereals.
The UK is the most popular geography when it comes to estimating the increasing popularity of plant-based foods and veganism. So popular is plant-based eating here that 5 of the top 15 cities worldwide are in the UK. Along with it the country also accounts for major consumption of breakfast cereals. These attributes are hereby evident to ensure the market expansion of plant-based breakfast cereals.
The UK can turn out to be a potential market for penetrating and ensuring mainstream utilization of plant-based cereals in the European Union. Hence, the UK marketplace is a cogent and potent one for the manufacturers to ensure product availability and proper consumption in the biggest global market.
Some of the leading manufacturers and suppliers of plant-based breakfast cereals includes
The Key manufacturers are ensuring to keep the production process as simplified as possible just to ensure the naturality and quality authenticity for their product. They are also targeting the major markets for ensuring more profitability along with ensuring product’s market expansion in other regional markets. Moreover, the key manufacturers are also eliminating the use of artificial colorants and other additives.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.