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Slowly but surely, cereal continues to decline across the United States. While the final numbers aren't in yet, some anticipate that cereal sales will fall about 2% this year in the United States. There are several reasons behind this decline.

For one, only 48% of Americans eat breakfast. Americans simply don't have the time to eat, and frankly, many people have a difficult time stomaching food in the morning. Even more striking, 64% of Millennials and Gen-X'ers do not eat breakfast in the morning. This trend may eventually reverse itself, but for the time being, it puts tremendous pressure on the entire breakfast food segment.

Additionally, Americans are commuting - a lot. The average commute time in...

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