India Breakfast Cereal Market Set to Grow at over 17% CAGR until 2023
Increasing health conscious population, rising per capita
disposable income and growing urban population to drive India breakfast cereal
market through 2023
According to a report
released by TechSci Research, “India
Breakfast Cereal Market By Product Type, By Pricing, By Pack Size, By
Distribution Channel, By City, Competition, Forecast & Opportunities,
2013-2023”, India breakfast cereal market is projected to grow at a CAGR of
17% during 2018 - 2023. Growth of the market is led by rising urbanization and changing
lifestyle pattern along with increasing disposable income. Moreover, people are
now becoming more health conscious, thus they are increasingly opting for
healthy food including breakfast cereal. This trend is essentially
witnessed in tier-I and tier-II cities, where there is higher need for
convenient options and life is fast-paced and is characterized by higher
spending power, hectic lifestyles leading to very less or almost no time for
indulging in traditional, elaborate home cooked breakfast. Moreover, cereal
manufacturers are expanding their distribution network in India which is
further anticipated to positively influence India breakfast cereal market in
the coming years.
Browse 56 market data Figures spread
through 138 Pages and an in-depth TOC on "India Breakfast Cereal
Market"
https://www.techsciresearch.com/report/india-breakfast-cereal-market/3747.html
Breakfast cereal is made from
processed grain and is considered as a healthy early morning breakfast. It is
divided into two types, namely, hot cereal and ready-to-eat cereal, of which
the latter is the dominant category. Among regions, North and west regions of the country are the leaders in
India breakfast cereal market due to presence of cities like New Delhi, Mumbai,
Pune and Ahmedabad, which have large urban population base and rising working
women population. Online sales channel is
anticipated to emerge as the fastest growing sales channel in India breakfast
cereal market on account of increasing consumer preference for non-store-based
retailing, which is encouraging several manufacturers to start online web
stores on their websites.
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“India breakfast cereal market is growing at a good pace due to increasing
preference for breakfast cereals over home cooked food, especially in the
country’s urban areas. Moreover, rising focus of manufacturers on product
innovations with the introduction of new variants such as Quaker Oats' Masala or
Saffola's Lemon Variant, etc., is further expected to push demand for ready to
eat breakfast cereals in the coming years. Additionally, growing awareness about
health benefits of breakfast cereals would further steer growth in the market
during forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Breakfast
Cereal Market By Product Type, By Pricing, By Pack Size, By Distribution
Channel, By City, Competition, Forecast & Opportunities, 2013-2023” has evaluated the future
growth potential of India breakfast cereal market and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities present in India breakfast cereal market.
About TechSci Research
TechSci Research
is a leading global market research firm publishing premium market research
reports. Serving 700 global clients with more than 600 premium market research
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employing innovative research solutions and tracking global and country
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market trends.
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