Breakfast Cereals Market projected to reach US$ 57,482.17 million by 2028

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The breakfast cereals market is projected to reach US$ 57,482.17 million by 2028 from US$ 44,831.48 million in 2022. It is expected to grow at a CAGR of 4.2% during 2022-2028.

The market's growth is attributed to consumers' rapidly growing preference for convenience foods. These days, people have different lifestyles and social values, which is fueling the demand for convenience food. The digital technology enabling them to do faster shopping has increased their dependence on ready-to-eat meals. These products are available in various varieties and forms, such as microwave meals, takeaway meals, instant pot noodles, and other types of meals, which has increased food availability in the UK. The rise in consumption of ready-to-eat food has led consumers to purchase more ready-to-eat meals in the region. However, owing to the lockdowns caused by the COVID-19 outbreak, consumers have resorted to cooking at home, which hampered the market to some extent.

Read More: https://www.theinsightpartners.com/reports/breakfast-cereals-market

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