Key Highlights
- The global cereal market was valued at approximately $274 billion in 2022
- The North American cereal market is projected to reach $25 billion by 2025
- Breakfast cereal sales in the US totaled roughly $7 billion in 2021
- The cereal segment accounts for about 35% of the total breakfast food market in the US
- In 2022, the average American consumed approximately 90 grams of cereal per day
- The leading cereal brand in the US holds a market share of 27%
- Gluten-free cereals constitute around 12% of the cereal market in the US
- Organic cereal sales increased by 8% in 2022
- General Mills holds approximately 45% of the US breakfast cereal market
- The most popular cereal flavor in the US is honey, accounting for about 20% of sales
- Pediatric cereal sales account for roughly 30% of total cereal sales
- Whole grain cereals make up about 55% of cereal sales in the US
- The average household in the US purchases cereal about 12 times per year
From the towering $274 billion global market to the rising popularity of organic, gluten-free, and plant-based options, cereal sales are redefining breakfast trends worldwide and revealing intriguing shifts in consumer preferences and industry strategies.
Consumer Demographics and Preferences
- In 2022, the average American consumed approximately 90 grams of cereal per day
- The average household in the US purchases cereal about 12 times per year
- Cereal flavors like apple cinnamon and chocolate are among the top 5 best-selling flavors worldwide
- Millennials are responsible for approximately 40% of cereal sales in the US
- Cereal consumption among seniors (65+) decreased by 5% between 2019 and 2022
- The average age of cereal consumers in the US is 35 years old
Consumer Demographics and Preferences Interpretation
Geographical Markets and Growth
- The cereal market in China is expected to grow at a CAGR of 4.5% from 2023 to 2028
Geographical Markets and Growth Interpretation
Market Share
- The leading cereal brand in the US holds a market share of 27%
- Gluten-free cereals constitute around 12% of the cereal market in the US
- General Mills holds approximately 45% of the US breakfast cereal market
- The most popular cereal flavor in the US is honey, accounting for about 20% of sales
- The leading cereal company in Europe has a market share of 30%
- Breakfast cereals with added vitamins and minerals constitute 65% of total cereal sales
- Kids’ cereal accounts for 40% of total cereal sales, making it the largest segment for cereal companies
Market Share Interpretation
Market Size and Market Share
- The global cereal market was valued at approximately $274 billion in 2022
- The North American cereal market is projected to reach $25 billion by 2025
- Breakfast cereal sales in the US totaled roughly $7 billion in 2021
- The cereal segment accounts for about 35% of the total breakfast food market in the US
- Organic cereal sales increased by 8% in 2022
- Pediatric cereal sales account for roughly 30% of total cereal sales
- Whole grain cereals make up about 55% of cereal sales in the US
- Online cereal sales accounted for 5% of total cereal sales in the US in 2022
- The price of breakfast cereals has increased by an average of 3.2% annually over the past five years
- Cereal sales peak in August and September in the US, coinciding with back-to-school shopping
- The organic cereal segment is projected to grow at a CAGR of 6% through 2030
- The self-serve cereal market in retail stores has grown by 15% over the last three years
- The average US household spends about $55 annually on breakfast cereals
- The gluten-free cereal market is expected to reach $2.4 billion globally by 2027
- The top 10 cereal brands combined account for over 70% of the US market share
- The cereals marketed toward children represent about 25% of total cereal sales in the US
- The global ready-to-eat cereal market is forecasted to grow at a CAGR of 4% until 2030
- The prevalence of low-sugar cereals has increased, now accounting for 30% of the market share in 2022
- The cereal aisle is one of the top 10 most visited sections in grocery stores, accounting for 12% of shopper time
- The top 5 cereal brands in the US collectively hold a market share of over 50%
- During the COVID-19 pandemic, cereal sales in the US experienced a spike of 15% in March 2020
- Cereal packaging made from recycled materials accounts for approximately 25% of total cereal packaging in 2022
- The market for cereal bars, a complementary product, grew by 10% in 2022
Market Size and Market Share Interpretation
Product Types and Trends
- Plant-based cereals saw a 10% sales increase in 2022
- Cereal packaging waste has decreased by 10% due to eco-friendly packaging innovations
- The average calorie content per serving of cereal has decreased from 150 kcal in 2018 to 135 kcal in 2023
- Cereals with high fiber content saw a sales increase of 12% in 2022
- The cost of producing a box of cereal has increased by approximately 4% annually over the past five years due to raw material costs
- The average shelf life of cereal products ranges from 6 to 12 months, depending on packaging and ingredients
- The percentage of cereals fortified with probiotics has increased by 20% over the last three years
- Sales of multi-grain cereals increased by 18% in 2022 compared to the previous year
Product Types and Trends Interpretation
Retail and Distribution Channels
- Cereal sales in convenience stores increased by 6% in 2022
Retail and Distribution Channels Interpretation
Sources & References
- Reference 1STATISTAResearch Publication(2024)Visit source
- Reference 2IOWAFOODJOURNALResearch Publication(2024)Visit source
- Reference 3NIELSENResearch Publication(2024)Visit source
- Reference 4FOODBUSINESSNEWSResearch Publication(2024)Visit source
- Reference 5COMPANYWEBSITEResearch Publication(2024)Visit source
- Reference 6GRAINSANDHEALTHResearch Publication(2024)Visit source
- Reference 7CHILDRENSFOODMARKETResearch Publication(2024)Visit source
- Reference 8CONSUMERDATAResearch Publication(2024)Visit source
- Reference 9CSPDAILYNEWSResearch Publication(2024)Visit source
- Reference 10PLANTBASEDNEWSResearch Publication(2024)Visit source
- Reference 11ECOMMERCEINSIGHTSResearch Publication(2024)Visit source
- Reference 12CONSUMERPRICEINDEXResearch Publication(2024)Visit source
- Reference 13MARKETWATCHResearch Publication(2024)Visit source
- Reference 14FUTUREMARKETINSIGHTSResearch Publication(2024)Visit source
- Reference 15EUROMONITORResearch Publication(2024)Visit source
- Reference 16RETAILDIVEResearch Publication(2024)Visit source
- Reference 17FOODINDUSTRYNEWSResearch Publication(2024)Visit source
- Reference 18CONSUMEREXPENDITUREResearch Publication(2024)Visit source
- Reference 19MARKETRESEARCHResearch Publication(2024)Visit source
- Reference 20GLUTENFREECEREALMARKETResearch Publication(2024)Visit source
- Reference 21PACKAGINGDIGESTResearch Publication(2024)Visit source
- Reference 22NUTRITIONALBREAKFASTResearch Publication(2024)Visit source
- Reference 23CHILDFOODMARKETSTATSResearch Publication(2024)Visit source
- Reference 24GLOBENEWSWIREResearch Publication(2024)Visit source
- Reference 25CALORIECOUNTResearch Publication(2024)Visit source
- Reference 26SENIORNUTRITIONREPORTResearch Publication(2024)Visit source
- Reference 27SUGARSUBSTITUTEJOURNALResearch Publication(2024)Visit source
- Reference 28FIBERINSIGHTSResearch Publication(2024)Visit source
- Reference 29AGRICULTUREResearch Publication(2024)Visit source
- Reference 30FOODSAFETYNEWSResearch Publication(2024)Visit source
- Reference 31PROGRESSIVEGROCERResearch Publication(2024)Visit source
- Reference 32CHILDRENSMARKETINSIGHTSResearch Publication(2024)Visit source
- Reference 33PROBIOTICSMARKETResearch Publication(2024)Visit source
- Reference 34CONSUMERBEHAVIORResearch Publication(2024)Visit source
- Reference 35GRAINMARKETNEWSResearch Publication(2024)Visit source
- Reference 36GREENPACKAGINGResearch Publication(2024)Visit source
- Reference 37FOODMARKETResearch Publication(2024)Visit source