On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. Due to which many countries such as China, India, Italy, Germany, Spain, France, and such other countries having a large number of COVID-19 patients went under lockdown conditions.Along with this, in the United Nations Conference on Trade & Development, it was said that the impact of COVID-19 would hamper the global economy up to USD 2 Trillion in 2020. The report also considers the impact the impact of COVID-19 on global Organic Cereals Market market in the upcoming years.
A recently report published by Fast. MR “Organic Cereals Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2027” forecasts about the market behaviour in coming years. The report includes market size, Y-O-Y growth analysis and structure of the overall industry based on a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise.
Rising Awareness Related to Healthy Eating Habits Pushing Market Growth
Over the last one decade, owing to poor lifestyle choices many individuals have suffered from severe cased of obesity. For instance, alone in the U.S., the prevalence of obesity was evaluated around 42% from 2017 to 2018 as per the stats released by the U.S. Department of Health & Human Services.
The rising prominence of diseases related to the obesity is driving the demand for organic cereals market. The product offers nutrition and fibers and thus helps in loosening belly fat. Therefore, the increasing cases of obesity related diseases is likely to push the market growth for organic cereal products over the forecast period.
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Geriatric Population Driving Market Growth
Old aged individuals often face challenges related to digestion and are prone towards diseases such as diabities, heart risk, and many others. Utilization of organic cereals assists in reducing chances of stroke and at the same time provides numerous health advantages. The global geriatric population was around 962 million in 2017 as per the stats released by United Nations in 2018.
The key vendors of the industry are EcoFarms, Medifast Inc., Post Holdings Inc., PepsiCo Inc., The Kroger Co., Hain Celestial Group Inc., Organic India Pvt Ltd., General Mills, Cereal Partners, and Kellogg Co.
The industry vendors are forming joint ventures and are engaging in creating forward and backward integration within the value chain. In addition, company vendors are focusing on creating region wise specific products to engage local population and enhance their market presence.
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Organic cereals are defined as the nutritious rich edible products which are composed of high fiber contents.
Global Organic Cereals Market Segmentation
– Breakfast Cereals
– Energy Bars
– Biscuits and Cookies
By Distribution Channel
– Offline Stores
– Online Channels
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Key Questions Answered in the Organic Cereals Industry Report
What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2019-2027?
Which region would have a high demand for the product in the upcoming years?
What are the factors driving the growth of the market?
Which sub-market will make the most significant contribution to the market?
What are the market opportunities for existing and entry-level players?
What are various long-term and short-term strategies adopted by the market players?