The Latest Cereal Industry Statistics Explained
The cereal market globally was valued at $37.44 billion in 2016.
The statistic “The cereal market globally was valued at $37.44 billion in 2016” represents the total worth of the cereal market across all countries and regions worldwide during the year 2016. This figure indicates the combined value of all sales and transactions related to cereal products, including various types of breakfast cereals, snacks, and other cereal-based products. It serves as a key indicator of the size and economic significance of the cereal industry on a global scale, providing valuable insights into consumer preferences, market trends, and opportunities for businesses operating within this sector.
The industry is expected to reach a value of $54.31 billion by 2027.
This statistic indicates a projected growth in the industry, with the market value expected to increase to $54.31 billion by the year 2027. This information suggests anticipated expansion and performance in the industry over the upcoming years. Factors such as market trends, consumer demand, technological advancements, and economic conditions likely contribute to this growth projection. It represents a valuable insight for stakeholders including investors, businesses, and policymakers to make informed decisions, allocate resources effectively, and strategize for future opportunities and challenges within the industry.
The CAGR for cereal Industry is expected to be 4.6% between 2020 to 2027.
The Compound Annual Growth Rate (CAGR) of 4.6% for the cereal industry between 2020 and 2027 indicates the expected average annual growth rate over this time period. This statistic suggests that the cereal industry is projected to grow steadily at a rate of 4.6% per year during the specified timeframe. This growth rate can be used to evaluate the industry’s performance and predict its future trajectory, helping stakeholders make informed decisions regarding investments, market strategies, and business planning in the cereal sector.
As of 2017, U.S. was the largest consumer of breakfast cereals.
The statistic states that in 2017, the United States was the leading consumer of breakfast cereals out of all countries. This means that Americans consumed more breakfast cereals, such as corn flakes, oatmeal, and granola, compared to any other nation globally. The data indicates a high level of consumption and popularity of breakfast cereals within the U.S. market, suggesting that this breakfast food category is a staple in American households. This statistic is indicative of the overall eating habits and preferences of Americans, highlighting the significance of breakfast cereals as a common and widely consumed breakfast option in the country.
Over the past five years (to 2021), the Cereal Production industry in the US has declined by -0.5%.
The statistic indicates that the Cereal Production industry in the United States experienced a decline in output over the past five years, up to the year 2021. Specifically, the industry’s production decreased by an average rate of -0.5% annually during this period. This negative growth trend suggests that the sector faced challenges or experienced lower demand for cereals, resulting in a reduction in overall production levels. Factors such as changing consumer preferences, competition from other food products, fluctuations in commodity prices, or shifts in agricultural practices may have contributed to this decline. Analyzing the reasons behind the downward trend could help industry stakeholders make informed decisions to address the challenges and potentially reverse the decline in Cereal Production.
Hot cereals sector is expected to grow at a CAGR of 1.3% by 2023.
This statistic indicates that the hot cereals sector, which includes products such as oatmeal, porridge, and grits, is projected to experience a Compound Annual Growth Rate (CAGR) of 1.3% by the year 2023. This growth rate suggests a steady and moderate expansion in the market size and demand for hot cereals over the specified time frame. Factors influencing this growth could include changing consumer preferences towards healthier breakfast options, increased awareness of the health benefits of hot cereals, and innovations in product varieties and packaging. Overall, this statistic suggests a positive outlook for the hot cereals sector as it continues to attract consumers and expand its market share in the upcoming years.
In 2020, ready-to-eat cereal was the largest breakfast cereal category.
The statistic “In 2020, ready-to-eat cereal was the largest breakfast cereal category” indicates that among all the different types of breakfast cereals available in the market, ready-to-eat cereals had the highest market share or sales volume for the year. This suggests that ready-to-eat cereals, which are typically consumed without requiring any additional preparation like cooking, were the most popular choice among consumers for breakfast. The statistic highlights the dominance of ready-to-eat cereals in the breakfast cereal market in 2020, showcasing the preferences and consumption patterns of consumers during that period.
In 2019, 92.6% of household in the United States use cereal products.
The statistic “In 2019, 92.6% of households in the United States use cereal products” indicates that a large majority of households in the US consumed cereal products as part of their diet during that year. This statistic suggests that cereal products are a popular and commonly consumed food item among the general population. The high percentage of households consuming cereal products may reflect the convenience, affordability, and nutritional value that these products offer. Additionally, this statistic can also be used to analyze trends in dietary habits and preferences among different demographic groups within the US population.
In 2020, the revenue of Kellogg’s cereals earned around 5.21 billion U.S. dollars only in North America.
The statistic indicates that in the year 2020, Kellogg’s cereals generated approximately 5.21 billion U.S. dollars in revenue from sales made exclusively in North America. This figure reflects the substantial market presence and consumer demand for Kellogg’s cereal products in the region during that period. The revenue generated suggests that Kellogg’s is a leading player in the North American cereal market, highlighting its significant contribution to the overall economy through sales and brand dominance.
According to IRI, the ready-to-eat cereal category generated more than 8.5 billion U.S. dollars in sales in the U.S. in 2020.
The statistic states that in 2020, the ready-to-eat cereal category in the United States generated more than 8.5 billion U.S. dollars in sales, according to data from IRI. This figure represents the total amount of revenue generated by the sales of ready-to-eat cereals in the U.S. market throughout the entire year. The statistic sheds light on the significant economic impact of the ready-to-eat cereal industry, indicating a substantial consumer demand for these products. It also serves as a key metric for businesses, policymakers, and investors to understand the market size and potential opportunities within the ready-to-eat cereal sector.
General Mills’ share of the cereal market is 30.33% making it the industry leader as of August 2021.
The statistic “General Mills’ share of the cereal market is 30.33% making it the industry leader as of August 2021” indicates that General Mills holds a significant portion of the total cereal market, specifically accounting for 30.33% of all cereal sales within the industry. This means that General Mills has the largest market share compared to its competitors in the cereal market as of August 2021, positioning it as the industry leader. This statistic is crucial for understanding the competitive landscape within the cereal industry and highlights General Mills’ dominance and influence in this market segment.
As of 2021, an estimated 93% of children in the U.S. enjoy having breakfast cereal.
The statistic indicates that as of 2021, approximately 93% of children in the United States report enjoying having breakfast cereal. This data suggests that breakfast cereal is a popular choice among the majority of children in the U.S., highlighting its widespread appeal and prevalence as a breakfast option. Such high enjoyment rates may be attributed to factors such as taste preferences, convenience, marketing efforts, and cultural influences. Additionally, it may also reflect breakfast cereal’s perceived nutritional value, perceived as a quick and easy breakfast option for busy mornings. Understanding the high enjoyment rates of breakfast cereal among children can be valuable for food companies, policymakers, and parents in making informed decisions about children’s dietary choices and preferences.
Kellogg’s dominates the cereal market in Great Britain, with a market share of 32% in 2018.
The statistic “Kellogg’s dominates the cereal market in Great Britain, with a market share of 32% in 2018” indicates that Kellogg’s holds a significant portion of the cereal market in Great Britain compared to its competitors. A market share of 32% suggests that nearly one-third of all cereal purchases in Great Britain are Kellogg’s products, showing a strong presence and influence in the industry. This level of market dominance could be attributed to factors such as brand recognition, product quality, effective marketing strategies, and consumer loyalty to Kellogg’s products. In essence, this statistic highlights Kellogg’s as a major player in the cereal market in Great Britain during 2018.
The private label of breakfast cereals had a market share of 21.88% in 2018 globally.
The statistic “The private label of breakfast cereals had a market share of 21.88% in 2018 globally” indicates that private label brands in the breakfast cereal industry accounted for approximately 21.88% of total sales worldwide in 2018. This means that nearly a quarter of all breakfast cereal purchases were from private label brands rather than well-known, name-brand products. This statistic suggests that private label breakfast cereals have a significant presence in the market and are a popular choice among consumers, potentially due to factors such as lower prices, comparable quality, and changing consumer preferences towards more customizable and niche products.
In 2020, there were around 2.43 million metric tons of ready-to-eat breakfast cereal produced in the U.S.
The statistic indicates that in 2020, the United States produced approximately 2.43 million metric tons of ready-to-eat breakfast cereal. This serves as a reflection of the significant scale of manufacturing operations within the U.S. cereal industry, highlighting the widespread consumption and popularity of these products among American consumers. The production volume not only showcases the economic significance of the cereal industry but also underscores the importance of ready-to-eat breakfast cereals as a staple food item in the diets of many individuals across the country. The statistic offers valuable insights into the production capacity and market demand for breakfast cereals, shedding light on the industry’s substantial contributions to the economy and the daily routines of countless Americans.
As of 2018, Hot cereal sales amounted to approximately $1.5 billion.
The statistic “As of 2018, hot cereal sales amounted to approximately $1.5 billion” indicates the total revenue generated from the sales of hot cereals in the given year. This figure represents the monetary value of hot cereal products sold in the market during 2018. It signifies the significant economic activity within the hot cereal industry, reflecting consumer demand for these products. By quantifying the sales volume in terms of dollars, the statistic provides a tangible measure of the market size and financial impact of hot cereal consumption. This information can be useful for tracking trends in consumer preferences, market growth, and economic contributions of the hot cereal sector.
The global gluten-free cereals market size was valued at $2.05 billion in 2018.
The statistic indicates that in the year 2018, the market size for gluten-free cereals globally was estimated to be $2.05 billion. This means that the total value of all gluten-free cereals sold in various markets worldwide amounted to $2.05 billion during that year. This figure reflects the growing trend of gluten-free diets and an increasing consumer demand for gluten-free products. It also suggests that the gluten-free cereals market is a significant and lucrative industry, with potential opportunities for growth and innovation in response to consumer preferences and dietary trends.
The market size of the Cereal Production industry in the US has grown 0.4% per year on average between 2016 and 2021.
The statistic stating that the market size of the Cereal Production industry in the US has grown at an average annual rate of 0.4% between 2016 and 2021 indicates a gradual but steady expansion in the industry during that period. This growth rate suggests that the industry has experienced a slight increase in overall revenues or production value each year. While the percentage increase may seem modest, it reflects a positive trend and demonstrates that the cereal production sector has been able to generate consistent growth over the five-year period. This information is valuable for stakeholders and policymakers in understanding the industry’s performance and making informed decisions regarding investment, market strategies, and policy planning.
In 2016, the cereal and granola bar market in Canada amounted to 309.2 million Canadian dollars.
The statistic states that in 2016, the total value of the cereal and granola bar market in Canada was 309.2 million Canadian dollars. This figure represents the combined revenue generated by sales of cereal and granola bars in Canada during that specific year. It provides a valuable insight into the size and economic significance of the cereal and granola bar industry in the Canadian market in 2016. This statistic can be used by industry analysts, businesses, and policymakers to understand the market trends, consumer preferences, and overall performance of the cereal and granola bar sector within Canada during that time period.
In 2018, 87.4% of the Belgium population ate cereals a couple of times a week or more.
The statistic states that in 2018, 87.4% of the Belgium population consumed cereals at least a couple of times a week or more. This indicates a significant majority of the population regularly includes cereals in their diet, suggesting that cereals are a prevalent and commonly consumed food item in Belgium. The high percentage of the population consuming cereals regularly highlights the importance of cereals as a staple or preferred food choice among the Belgian population. Additionally, this statistic could potentially have implications for public health and nutrition policies aimed at promoting healthy eating habits among the population.
References
0. – https://www.www.ibisworld.com
1. – https://www.www.statista.com
2. – https://www.www.researchandmarkets.com
3. – https://www.www.mordorintelligence.com
4. – https://www.www.supermarketnews.com
5. – https://www.www.fortunebusinessinsights.com
6. – https://www.www.grandviewresearch.com
