Cereal, pasta and baking mix manufacturers have made gains in recent years, despite downstream retail pressures and changing consumer preferences. Ongoing product development has been a key driver of revenue growth, and has been critical in counterbalancing supermarket price competition and the rising popularity of private-label products. Manufacturers' revenue is expected to climb at an annualised 1.8% over the five years through 2022-23, to reach $3.5 billion. This trend includes a 2.3% increase in 2022-23 alone.
Industry producers manufacture prepared cereal foods (including oatmeal), fresh and dried pasta and baking mixes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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