The Business Research Company’s latest report Breakfast Cereal Global Market Report 2020 covers Breakfast Cereal market drivers, Breakfast Cereal market trends, Breakfast Cereal market segments, Breakfast Cereal market growth rate, Breakfast Cereal market major players, and Breakfast Cereal market size. The report provides in-depth analysis of the impact of COVID-19 on the Breakfast Cereal industry, along with revised market numbers due to the effects of the coronavirus.
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Breakfast Cereal Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global breakfast cereal market is expected to grow from $55.8 billion in 2019 to $56.5 billion in 2020 at a compound annual growth rate (CAGR) of 1.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $66.4 billion in 2023.
The report covers the Breakfast Cereal market’s segments-
1) By Type: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
3) By Product: Ready-to-Eat (RTE), Hot Cereals
4) By Packaging: Boxes, Pouches, Others.
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