As per the analysis of the global edible flakes market by the analysts at Zion Market Research, in 2018, the valuation of the market was nearly USD 14.99 billion. Further, the global edible flakes market is expected to witness expansion at a CAGR of about 8% during the forecast period from 2019 to 2025. The presence of huge, small, as well as local merchants within the global edible flakes market has made the competition quite robust. Few of the key players actively participating in the market consist of Post holding company, Kellogg’s, Nestlé SA, Patanjali, Aarrow head mills, Quakers Oat Company, H. & J. Brüggen KG, Dr. August Oetker, Baggry’s India Limited, and Nature’s Path Foods, among others.
Expanding Ready-To-Eat Food Industry To Boost The Edible Flakes Market Growth
The demand for edible flakes is primarily propelled by noteworthy expansion in the ready-to-eat food industry in budding countries further driving the global market growth. The rising population across the world is heading toward a hectic lifestyle on account of which the stipulation for easy-to-prepare and ready-to-eat meals has considerably elevated, provided that the lure of not needing to make meals after a worn-out day at the workplace is way too enticing. Making the best of the economic and present trends, consumption of healthy & packaged food has seen a surge in the last few years. The alteration in consumption of processed food and dietary pattern has also seen to be increased over the years that will offer more than enough growth avenues for the edible flakes market in the years to come.
Corn Flakes Segment Of The Market To Rule Over Other Segments During The Forecast Period
The global edible flakes market is bifurcated based on application, product, and region. Based on the distribution channel, the market is classified into convenience stores, supermarkets & hypermarkets, and online retailers. The global market, based on the product, is categorized into wheat flakes, corn flakes, rice flakes, flakey oats, and others. The global market was captured mainly by the corn flakes of product segment registering over 37% of the global market in 2018. The growth of the segment can be attributed to the rise in the consumption of protein-rich and nutritious edible products.
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Europe Is Anticipated To Govern The Global Edible Flakes Market With Maximum Share
In 2018, Europe accounted for the maximum share in the global edible flakes market in terms of volume. In the forecast period, the growth of the global edible flakes market is expected to be driven by the substantial expansion in low-calorie diet food and ready-to-eat meals in a majority of the European nations. The rising demand for convenience and healthy packaged food throughout the region together with the increasing levels of income in the Eastern European economies will propel the growth of the edible flakes market in this region.
This review is based on a report by Zion Market Research, titled “Global Edible Flakes Market By Distribution Channel (Convenience Stores, Supermarkets & Hypermarkets, Online Retailers), By Product (Wheat Flakes, Corn Flakes, Flakey Oats, Rice Flakes, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”