Breakfast Cereal Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/15/2024
SIC Codes: 2043
NAICS Codes: 31123
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Breakfast Cereal Manufacturing Industry Profile

Companies in this industry make ready-to-serve packaged cereal and cereals such as oatmeal and farina that must be cooked prior to eating. Major companies include General Mills, Kellogg, Post Consumer Brands, Quaker (owned by PepsiCo), and TreeHouse Foods (all based in the US); along with Cereal Partners Worldwide, a joint venture between General Mills and Nestlé (Switzerland) and The Jordans & Ryvita Company (the UK).

The global breakfast cereals market is forecast to reach about $95 billion by 2030, at a compound annual growth rate (CAGR) of 4.53% during the 2022-2030 forecast period, according to The Brainy Insights. North America emerged as the largest market, with a market share of about $25 billion in 2021. Asia Pacific is expected to also be one of the largest market during the forecast period.

The US breakfast cereal manufacturing industry includes about 85 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion. This industry does not include companies that primarily manufacture granola bars, breakfast bars, or packaged cereal snacks.


Demand is driven by demographics and health considerations, particularly the attitudes of busy families and working professionals toward the first meal of the day. The profitability of individual companies depends on managing raw material costs, operating efficiently, and maximizing retail shelf space. Large companies have advantages in purchasing, distribution, and marketing. Small operations can compete effectively ...

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