Edible Flakes Market Overview 2019-2025, Industry Analysis, Business Trends & Growth Forecast
Date: 2019-05-14   Author: Rahul Sankrityayan  Category: #industry

Edible Flakes Market Overview 2019-2025, Industry Analysis, Business Trends & Growth Forecast

Global Market Insights, Inc. has added a new report on Edible Flakes Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Growing urbanization couple with shortage of time are altering people's lifestyle. Presently, a large part of the global population is residing a drift towards processed and ready-to-eat cereals. The above mentioned trends are boosting the demand for the use of edible flakes in breakfast and evening snacks. Furthermore, people shift towards healthier way of life are propelling the edible flakes market in the near future.

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Significant consumption of edible flakes in Asia Pacific is swelling the entire product market in future owing to the minimal cost and various health benefits offered by the product. However, increasing spending power and rising per capita income is majorly fueling the food and beverage industry in the region, i.e. directly swelling the edible flakes market in the expected timeframe.

Accessibility of numerous substitute products such as protein bars, yoghurt, fresh fruits, energy drinks, etc. coupled with lactose intolerance in some regions may prove to be an obstacle in the growth of edible flake market in the recent years. Nevertheless, increasing awareness for fitness and healthy eating habits will positively drive the product industry share in the coming timespan.

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Based on the product segment, the market is categorized into wheat flakes, rice flakes, flakey oats and few others. Flakey oats is one of the major product as it captures over 20% market share in terms of revenue in 2018. The product is a great source of fiber and is made of oat grains, that is grounded, rolled or steel-cut. The nutritious value of the product will drive its demand in the coming years.

The distribution channel segment is further segregated into online retailers, supermarkets & hypermarkets and convenience stores. Convenience stores apprehends a considerable market share in the forecast period with a CAGR over 8%.

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Based on revenue, Asia Pacific will prove to be the fastest growing region for the edible flakes market growing with a CAGR over 11% in future. This is all due to the shifting food consumption pattern. Moreover, surge in health concerns among the customers will augment the sale of edible flakes across the region in the projected timeframe.

The key manufacturers with a widespread presence in the market are Kellogg's, Nestle S.A., General Mills, Dr. August Oetker, Post Holding Company, Nature's Path Foods, H. & J. Bruggen KG, Patanjali etc.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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