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Canada Breakfast Cereal Market Overview, 2027

Canada Breakfast Cereal Market Overview, 2027

Bonafide Research 30-11-2022 53 Pages Figures : 5 Tables : 15
Region : North America Country : Canada Category : Food & Beverages Food

Canada's traditional oats are Rolled oats are groats that have been steamed and flattened with huge rollers to form large flakes. These are sometimes called old-fashioned oats or regular oatmeal. They take about a quarter of an hour to cook. Cereals Canada provides customized programs, training, and targeted technical support to customers of wheat, barley, and oats. The breakfast cereal market is basically driven by an increase in demand for ready-to-eat food for breakfast. A wide range of innovative and flavorful options in breakfast cereals are also expected to boost the market, particularly in developing markets. According to the research report "Canada Breakfast Cereal Market Overview, 2027," published by Bonafide Research, the market is expected to add USD 0.71 Billion by 2027. The breakfast cereal market consists of two types of cereals: Hot cereal and ready-to-eat cold cereal Instant cereal (RTE), also known as cold cereal, includes corn flakes, chocolate flakes, wheat flakes, muesli, and hot cereals, which are mainly oatmeal, oat bran, and porridge. The ready-to-cook segment is presently dominating the market due to the convenience of preparing the food and thus saving time. The hot cereal segment is expected to grow at a higher CAGR during the forecast period due to the growing concern regarding health and wellness among consumers. In addition to this, consumers are shifting toward oats and other hot cereals as a breakfast meal, which is further driving the hot cereal segment. However, the availability of alternative breakfast meals, as well as the high cost of raw materials, is likely to limit the growth of the Canada breakfast cereal market. The population of Canada was 38.246 Million. There are 18.90 million males and 19.17 million females in Canada. The percentage of female population is 50.36% compare to 49.64% male population. Canada has 0.4 million more females than males. The GDP of Canada was USD 1.99 trillion in 2021. Fortinos, Freshmart, L'Intermarché Loblaws / Loblaw GreatFood / Loblaws CityMarket are the most popular supermarket in canada.Loblaw Companies Ltd. was the Canadian leading food retailer in Canada. The demand for convenience food is growing at a faster pace due to changes in social and economic patterns, as well as an increase in urbanization, buying power, awareness of healthy foods, changes in meal patterns and existing food habits, and a desire to taste new products. They are becoming extremely popular, especially among working-class people, teenage children, and people living in hostels, bachelors, and so on. Furthermore, recent innovations have led to the use of many traditional technologies like fermentation, extraction, encapsulation, fat replacement, and enzyme technology to produce new healthy breakfast cereal products, reduce or remove undesirable food components, and add specific nutrients. Shreddies Cereal is that the cereal No Canadian morning would be complete without some good ol' Shreddies. They’re actually pretty good not high in sugar but high in fiber. They're even more delicious when fresh fruit is added. Roughly one-fourth of Canadians eat cereal at least three times per week, with 40% preferring it as a late-night snack. Nearly two-thirds of Canadians are willing to try different flavours in their cereal. Traditional breakfast foods in Canada are cooked eggs, fried pork sausages or bacon, fried or deep-fried potatoes, toasted bread, pancakes (or egg-battered French toast) and syrup, cereals, or hot oatmeal. Canada is a leading global exporter of cereal commodities, and it is proud to be the world's leading exporter of durum wheat and oats. Covid-19 The COVID-19 pandemic has positively impacted the growth of the breakfast cereal market. Because of the pandemic, people have become more concerned about their overall health, both physical and mental. Due to this, people are now starting to have a healthy breakfast. With this trend expected to continue post-pandemic, breakfast cereal manufacturers are introducing private label products that consumers perceive as more convenient to shop for and cook in, with the added safety of pre-packaged constituents. The pandemic has transformed the way consumers plan their meals. New offerings give people the flexibility to shop conveniently and similarly create healthy meals from scratch. In contrast, consumer and brand awareness has grown, with retailers vying to maintain the highest safety standards while also focusing on quality and sustainability. Besides, COVID-19 has generated multiple opportunities for many private players to emerge in the markets to cater to inflated demand. Considered in this report • Geography: Canada • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Canada Breakfast Cereal market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Hot Cereal • Ready to eat By Ingredient Type • Wheat • Rice • Corn • Oats • Barley • Others By Distribution Channel • Supermarket & Hypermarket • Convenience Stores • E-Commerce/Online • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Breakfast cereal industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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