New York
City, 24 January 2019: The global Organic Cereals Market is anticipated to grow
at a CAGR of 9.2% during 2019-2026 according to a new research published by
Polaris Market Research. In 2018, the breakfast cereal segment accounted for
the highest Organic Cereals market share in terms of revenue. Asia-Pacific is
expected to be the leading contributor to the global Organic Cereals market
revenue in 2018.
The obese
and geriatric population is increasing worldwide, promoting the growth of the
Organic Cereals market. The sedentary lifestyle is encouraging consumers to
adopt organic cereals to stay healthy, and gain necessary nutrients. Increasing
disposable incomes in developing countries, rising awareness about health
benefits of organic cereals, and growing presence of fitness centres further
foster the Organic Cereals market growth. Leading global players are expanding
their presence in developing nations of China, japan, India, Indonesia, and
Malaysia to tap the growth opportunities offered by these countries.
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Health
problems such as diabetes, cardiovascular diseases, cancer and others have
increased significantly in the developed economies in past few years.
Increasing incidences of health disorders have resulted in increased awareness
regarding healthy eating habits. Health and fitness consciousness has also
increased among consumers in countries such as China and India due to improving
lifestyle and changing food habits. Consumers are more aware regarding their
nutritional intake, and benefits of organic products, thereby accelerating the
Organic Cereals market growth. Leading players in the market are also taking
initiatives to increase awareness among consumers through health subscription
and other marketing campaigns.
Competitive Landscape and Key Vendors:
Asia-Pacific
generated the highest Organic Cereals market share in terms of revenue in 2018,
and is expected to lead the global Organic Cereals market throughout the
forecast period. The growing population, rising disposable incomes, and
increasing health awareness has increased the adoption of Organic Cereals
market growth in the region. The increasing awareness regarding wholesome
living coupled with sedentary lifestyle of consumers drives the Organic Cereals
market growth. The growing middle-aged and elderly population accounts for more
than half of organic food in China.
The
well-known companies profiled in the Organic Cereals market report include
Kellogg Co., Cereal Partners Worldwide, General Mills, Organic India Pvt. Ltd.,
Hain Celestial Group Inc., The Kroger Co, PepsiCo Inc., Post Holdings Inc.,
Medifast, Inc., and EcoFarms (India) Ltd. These companies launch new products
and collaborate with other market leaders to innovate and launch new products
to meet the increasing needs and requirements of consumers.
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