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Latin America Cereals Market By Type ( Hot Cereals And Ready To Eat Cereals) , By Ingredient Type ( Rice, Wheat, Corn, Barley And Others) , By Distribution Channel ( Supermarkets And Hypermarkets, Independent Retailers, Specialist Retailers, Convenience Stores And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 6109
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Cereals Market Size, Share, Growth (2022-2027)

Latin America Cereals Market was worth USD 4.51 billion in 2021 and is estimated to be growing at a CAGR of 4.56%, reaching USD 5.63 billion by 2027

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Breakfast cereals are produced from processed grains and can be consumed in dry, hot or cold form. They have become the most commonly consumed breakfast items as it is easy to make and is nutritious as well. Changes in breakfast habits and demographics across emerging economies have been acting as the major growth drivers for the market growth of breakfast cereals. People are trying to imitate Western food habits which has led to the further development of the market. Due to its lower calorific value and high nutrition content, it is considered as an ideal breakfast across the world. The wide range of alternatives to breakfast items and inexpensive breakfast options may create obstacles for the growth of the market. Moreover, the limited access to palm oil which is a major ingredient in cereals may pose a restraint to the market growth.

Latin America Cereals Market Segmentation Analysis:

  • type

  • Ingredient type

  • distribution channel

By type

  • hot cereals

  • ready-to-eat cereals

By ingredient type,

  • rice

  • wheat

  • corn

  • barley

Rice-based cereals account for a major share of the market revenue.

By distribution channel,

  • hypermarkets

  • independent retailers

  • specialist retailers

  • convenience stores

On the basis of geography

  • Argentina

  • Brazil

  • Mexico

  • Rest of Latin America

Key Players

  1. General Mills

  2. Kellogg Company

  3. Nestle Inc. 

  4. PepsiCo Inc. 

  5. The Coca-Cola Company

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