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The breakfast cereal market in APAC is expected to reach nearly $5 billion by the end of the forecast period. The key growth drivers in this market are the influence of Western culture and increase in disposable income of the population. India, China, and Japan are predicted to be the leading markets within the region. Technavio’s analysts predict that the hot breakfast cereal segment would witness a high growth than ready-to-eat breakfast cereal within these countries.
Social media is another driver for the increased sales within this region. Nearly 45% of consumers follow brands to get rewards and discounts, especially on Twitter and Facebook. Manufacturers are making use of this opportunity and reaching out to a larger consumer base through social media advertising.
The breakfast market in APAC is witnessing intense competition due to the presence of international and local vendors. Product differentiation, portfolio, and pricing are the key areas for competition. The study of the breakfast cereal market includes revenue shares, strategies, and a comprehensive analysis of the leading players including: -
The other prominent vendors in the market include Guilin Sea, Dongsuh, Carman’s Fine Foods, Freedom Foods, Family Cereal, Peace Cereal, Saffola, Pristine, Post Holdings, and ALAMBOGA INTERUSA.
Hot cereals dominate the breakfast market in APAC and account for nearly 60% of the market share.
This segment is predicted to see twice the growth by the end of the forecast period. Porridge and instant mixes such as Quaker Instant Oats are some of the most popular hot cereals.
The supermarkets/hypermarkets segment was the biggest revenue contributors to the breakfast cereal market in APAC, accounting for around 69% of the market. This huge growth is mainly because supermarket retailers provide consumers a large variety of choice in brands, thus triggering impulse buying activities. Independent retailers compose the second largest distribution channel but are losing their shares to the supermarket segment.
The breakfast cereal market is segmented into the following regions based on their share of the market:
Japan accounts for the largest share in terms of consumption of breakfast cereal in APAC. The cereal market in Japan is expected to witness a steady growth with a CAGR of nearly 8%. The main driver for this growth is the introduction of granola that replaced rice and bread as the preferred breakfast food choice.
South Korea is the second largest market for breakfast cereals in APAC. The market in South Korea is expected to see a slow growth during the forecast period due to the maturity of the cereal market in the region.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key Vendor Analysis
PART 16: Appendix
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