India Breakfast Cereal Market Set to Grow at over 17% CAGR until 2023
Increasing health conscious population, rising per capita disposable income and growing urban population to drive India breakfast cereal market through 2023 According to a report released by TechSci Research, “ India Breakfast Cereal Market By Product Type, By Pricing, By Pack Size, By Distribution Channel, By City, Competition, Forecast & Opportunities, 2013-2023 ” , India breakfast cereal market is projected to grow at a CAGR of 17% during 2018 - 2023. Growth of the market is led by rising urbanization and changing lifestyle pattern along with increasing disposable income. Moreover, people are now becoming more health conscious, thus they are increasingly opting for healthy food including breakfast cereal. This trend is essentially witnessed in tier-I and tier-II cities, where there is higher need for convenient options and life is fast-paced and is characterized by higher spending power, hectic lifestyles leading to very less or almost no time for indulging in ...