India Breakfast Cereal Market Major Players, Analysis and Forecast Till 2018-2028
India breakfast cereal market is experiencing significant growth driven by changing lifestyles, urbanization, health consciousness, and the marketing efforts and innovations of both domestic and international brands.
In accordance with the TechSci Research report
titled "India Breakfast Cereal Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028," the
India Breakfast Cereal Market reached a value of USD 4.64 billion in 2023 and
is expected to exhibit a Compound Annual Growth Rate (CAGR) of 7.95% during the
forecast period from 2025 to 2029. The market's evolution has been notable,
driven by evolving consumer preferences, increasing urbanization, and a growing
recognition of the significance of a nourishing breakfast. This article
conducts an in-depth examination of the market, delving into its historical
background, present trends, challenges, and prospective opportunities.
The history of breakfast cereals in India is
comparatively brief compared to Western markets. Traditionally, homemade dishes
like idli, dosa, paratha, poha, and upma have dominated Indian breakfasts.
Nevertheless, the impact of globalization, urbanization, and contemporary
hectic lifestyles has induced a shift in breakfast preferences. The entry of
Kellogg's into the Indian market during the 1990s marked a significant
milestone, opening doors for both domestic and international players.
Recent years have witnessed substantial growth in
the Indian breakfast cereal market due to various factors. The escalating pace
of life in urban areas has fostered a heightened demand for swift and
convenient breakfast options. Cereals, with their quick preparation and
nutritional value, have become the preferred choice for busy urban
professionals and students.
Furthermore, a surge in health consciousness among
Indian consumers has played a pivotal role in the market's expansion. With
increased awareness of the importance of a nutritious breakfast, many cereal
manufacturers have responded by offering healthier options with low sugar
content, high fiber, and enriched with vitamins and minerals.
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The influence of global food trends on the younger
generation in India has led to a growing affinity for Western-style breakfasts.
This demographic shift has created a substantial consumer base for breakfast
cereals, particularly among children and teenagers.
The diversity of India's culture is mirrored in its
breakfast cereal market, with different regions exhibiting distinct
preferences. While North India favors traditional items like paratha and poha,
South India leans towards rice-based breakfasts such as idli and dosa. This
regional diversity presents both opportunities and challenges for cereal
companies seeking to cater to a variety of tastes.
The Indian breakfast cereal market is intensely
competitive, featuring both domestic and international players competing for
market share. Key players include Kellogg's, PepsiCo (owner of the Quaker Oats
brand), Marico (Saffola), Bagrry's, and Patanjali. Despite the market's growth,
challenges such as affordability, distribution logistics, and competition from
traditional options persist.
In conclusion, the Indian breakfast cereal market
has undergone a notable transformation driven by changing lifestyles,
increasing health consciousness, and regional diversity. Despite challenges,
the industry's growth potential remains promising, positioning it as an
exciting and competitive sector within India's expanding food and beverage
landscape. The market segmentation includes types (ready-to-eat and
ready-to-cook) and regions (North, West, East, and South), with significant
shares attributed to ready-to-eat cereals and the South region, respectively.
Major companies operating in
India Breakfast Cereal market are:
- Kellogg India Pvt. Ltd
- Nestle India
- Pepsico India Pvt. Ltd
- Bagrry's India Ltd
- Marico Limited
- Patanjali Ayurved Limited
- Shanti's
- General Mills
- Future Consumer Enterprise Ltd
- B&G Foods
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Mr. Karan Chechi, Research Director at TechSci
Research, emphasized the rapid evolution of the India Breakfast Cereal Market,
driven by shifting consumer preferences and the changing dynamics of modern
Indian lifestyles. Despite persistent challenges, there are ample opportunities
for growth and innovation. Success for cereal manufacturers in India hinges on
understanding regional diversity, promoting health and wellness, and adapting
to the unique demands of this dynamic market.
The report "India Breakfast
Cereal Market By Type (Ready-to-eat and Ready-to-cook), By Sales Channel
(Supermarkets/Hypermarkets, Convenience Stores, Online, and Others), By Region,
By Competition Forecast & Opportunities, 2019-2029F" evaluates the future
growth potential of the market, providing statistics, information on market
size, structure, and future growth, aiming to offer cutting-edge market
intelligence for sound investment decisions. The report also identifies and analyzes
emerging trends, drivers, challenges, and opportunities in the India Breakfast
Cereal market.
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