Global organic cereals market is anticipated to grow at CAGR of 9.2% in the forecast period of 2018-2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
Key highlights enumerated in the organic cereals market report are:
- Based on the type, breakfast cereal contributed the maximum share of revenue for organic cereals market in 2018.
- In terms of regional contribution, Asia Pacific led the organic cereals market with maximum share of revenue in 2018.
The growth of organic cereals market is cited to be directly affected by the need to stay healthy and consume essential nutrients. The obese and geriatric population is increasing globally, thereby driving the need to adopt the organic cereal for its health benefits. The surging presence of fitness centers and rising consciousness about healthy lifestyle along with increase in disposable income in developing nations are some of factors favoring the growth of the organic cereals market, cites the report.
According to the report, the leading players of the market leverage the potential opportunities in developing countries like Japan, Indonesia, India, Malaysia and China and are amplifying their presence in these nations.
The increased cases of health disorders such as cardiovascular ailments, diabetes, and cancer have promoted the importance of healthy eating habits among the consumers. Adoption of healthy lifestyle in developing countries like India and China has driven the consumers to appreciate the benefits of organic cereals. The need to meet the nutritional intake aided by organic cereals is boosting the organic cereals market.
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As cited in the report, Asia Pacific has contributed the highest share of revenue for organic cereal market in 2018 and is anticipated to lead the market over the forecast period. More than half of China’s organic food is consumed by the elderly and middle-aged populace. The regional market growth is driven by increasing population, rising awareness about healthy food habits, and growing disposable income. Another factor contributing to regional organic cereals market growth is the increasing realization of coupling sedentary lifestyle with wholesome living.
The chief players in the market are undertaking various marketing campaigns and offering health subscription programs to increase the awareness about the health benefits of organic cereals among the customers. These companies innovate and collaborate with other market leaders to offer new products to meet the surging requirements of the consumers. The leading players profiled in the report include Cereal Partners Worldwide, Organic India Pvt. Ltd., Post Holdings Inc., Kellogg Co., The Kroger Co., EcoFarms (India) Ltd., General Mills, PepsiCo Inc., Hain Celestial Group Inc., and Medifast, Inc.
The report also delivers comprehensive insights about the driving factors, restraints, and opportunities of organic cereals market over the forecast period and predicts how they will affect the market size, outlook, and growth between 2018-2026.