Global On-the-go Breakfast Products Market to Reach Around US$ 1,893.09 Mn by 2031
On-the-go breakfast products market, By Product Type (Breakfast Cereals and Dairy-based Breakfast Drinks), By Distribution Channel (Hypermarket/Supermarket, Retail Stores, Convenience Stores, Online Selling, and Others (Direct Selling), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 1,453.70 Mn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 4.5% during the forecast period (2024-2031), as highlighted in a new report published by Coherent Market Insights.
On-the-go breakfast products are the most convenient food products that do not require any preparation. They are classified into ready-to-eat food products and contain healthy fats, a high amount of proteins, and other nutritional values. On-the-go breakfast products are categorized on the basis of type into breakfast cereals and dairy based breakfast drinks. These food products are highly popular among the working population and are easily available across hypermarket/supermarket, retail stores, convenience stores, and online stores.
Global On-the-go Breakfast Products Market– Impact of Coronavirus (COVID-19) Pandemic
The market has been significantly impacted by the COVID-19 pandemic. The COVID-19 pandemic has significantly affected the on-the-go breakfast products market. The pandemic has led to changes in consumer behavior and demand, influencing the market positively. With people working remotely and spending less time commuting, there has been a shift in breakfast routines, thus leading to an increased demand for quick and convenient breakfast options. The market has witnessed a surge in the sales of on-the-go breakfast products as consumers seek convenient and nutritious options. The widespread availability of on-the-go breakfast products in urban distribution outlets has propelled the market growth. However, the pandemic has also led to a decrease in demand for on-the-go products, thereby affecting market growth due to disruptions in the supply chain and changes in consumer spending patterns. Despite these challenges, the market is expected to witness significant growth in thenear future, driven by the busy lifestyles and increasing awareness of health and convenience.
Key Developments
- Nestle cereals announced the debut of a new breakfast to go collection, but there are no specific details about this collection in the search results. However, Nestle offers various breakfast on-the-go options, such as carnation breakfast essentials complete nutritional drink and powder drink mixes.
- In March 2024, MOMO Foods launched Creamy Miso and Oat Drink Ramen
- In February 2022, MOMO Foods launched the flourless fruity oat milk pancakes. MOMO Foods, specifically Wow! Momo Foods Private Limited, is an Indian fast food restaurant chain headquartered in Kolkata. The company specializes in momos, momo-filled burgers (MoBurgs), and momo-based desserts.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global On-the-go Breakfast Products Market”- Forecast to 2031, Global On-the-go Breakfast Products Market, By Product Type (Breakfast Cereals and Dairy-based Breakfast Drinks), By Distribution Channel (Hypermarket/Supermarket, Retail Stores, Convenience Stores, Online, and Others (Direct Selling, etc.), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
Link: https://www.coherentmarketinsights.com/market-insight/on-the-go-breakfast-products-market-752
Key Takeaways of this Market:
- On the basis of product type, the breakfast cereals segment dominated the global on-the-go breakfast products market in 2023 with a 70.2% of market share in terms of value, followed by dairy based breakfast cereal
