Projected Growth: Edible Flakes Market Set to Double to US$ 12 Billion by 2033

A recent study by Fact.MR, a prominent market research and competitive intelligence provider, predicts that the global market for edible flakes will soar to a valuation of US$ 12 billion by the conclusion of 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 7%.

The edible flakes market is experiencing rapid growth and represents a burgeoning sector within the global food industry. Cereal flakes, oat flakes, rice flakes, and corn flakes constitute this market, which has garnered widespread popularity across various age groups owing to its convenience, nutritional richness, and product variety. The increasing adoption of dietary preferences such as veganism, vegetarianism, and gluten-free diets is propelling the demand for edible flakes. In response, manufacturers are innovating food offerings tailored to these specific dietary trends, aiming to attract a broader customer base.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8968

Diversification, innovation, and sustainability initiatives are expected to remain influential factors driving the market's evolution. The edible flakes market is poised for further growth and advancements in the foreseeable future, spurred by diverse consumer preferences and ongoing global health priorities emphasizing the importance of a well-rounded diet.

Key Takeaways from Market Study
• The global market for edible flakes is estimated at US$ 6.1 billion by 2023.
• Worldwide sales of edible flakes are predicted to rise at a 7% CAGR between 2023 and 2033.
• The market is projected to be valued at US$ 12 billion by the end of 2033.
• Europe, Asia Pacific, and North America are the top three regions in the global market for edible flakes.
• Europe accounts for roughly 33% of global sales of edible flakes.
• The cornflakes segment accounted for 39% of the market share in 2022.

"In the dynamic landscape of the edible flakes market, consumer preferences and innovation are the driving forces behind its growth. As the market evolves, companies are prioritizing innovation and sustainability to retain their competitive edge. Manufacturers are increasingly using sustainable packaging materials and sourcing ingredients locally to lessen their environmental imprint," says a Fact.MR analyst.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Increasing Health Consciousness: With a growing emphasis on health and wellness, consumers are seeking out nutritious and convenient food options. Edible flakes, often made from grains or other wholesome ingredients, offer a convenient and nutritious breakfast or snack choice.

Diversification of Flavors and Varieties: Manufacturers are continuously innovating to meet consumer demand for diverse flavors and varieties of edible flakes. This includes options such as whole grain, gluten-free, organic, and flavored flakes to cater to different dietary preferences and taste preferences.

Rising Demand for Convenience Foods: Busy lifestyles and changing consumer habits have led to an increased demand for convenient and ready-to-eat foods. Edible flakes fit this trend by providing a quick and easy breakfast or snack option that requires minimal preparation.

Expansion into New Markets: The edible flakes market is witnessing growth not only in traditional markets but also in emerging markets where changing lifestyles and increasing disposable incomes are driving demand for packaged foods.

Focus on Sustainability: With growing awareness about environmental issues, consumers are becoming more conscious of the environmental impact of the foods they consume. As a result, there is a growing demand for sustainable and eco-friendly packaging options in the edible flakes market.

Innovations in Ingredients and Production Methods: Manufacturers are investing in research and development to innovate new ingredients and production methods that enhance the nutritional value, taste, and texture of edible flakes while also optimizing production processes for efficiency and sustainability.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• The Hain Celestial Group Inc.
• Nature's Path Foods Inc.
• Nestlé S.A
• Dr. August Oetker KG
• Kellogg Co.
• Bagrrys India Ltd
• H. & J. Brüggen Kg
• Quaker Oats Company
• Patanjali Ayurved Ltd
• PepsiCo Inc.
• General Mills Inc
• Marico Ltd
• Aarrowhead Mills
• GD Foods

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The edible flakes market is competitively characterized by a combination of global industry leaders such as Kellogg's and General Mills, regional competitors serving specific areas, and private label brands offering cost-effective alternatives. Product diversification, driven by changing consumer demands, health consciousness, and dietary trends, fuels industry innovation. Companies are increasingly emphasizing healthier and more nutritious options, as well as lowering sugar content and fortifying products with key vitamins and minerals.

Sustainability and ethical practices, as well as a strong internet presence and global expansion attempts, are gaining importance. Marketing techniques that are effective and adapt to changing consumer demands for health, sustainability, and variety are critical to the success of a brand in this competitive market.

• Nestlé S.A. launched a joint venture with General Mills in May 2018 to offer a wide range of products in India. Nestlé S.A. manufactures a wide range of morning cereals, including cornflakes, KoKo Krunch, and Honey Star.
• Nature's Path, North America's biggest organic morning cereal and snack Food Company, launched its new No Added Sugar granola in July 2021. Nature's Path No Added Sugar Granola consists of outstanding flavor, 100% certified organic ingredients, and all the nutritious value you expect from Nature's Path, but without the sugar kick.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐄𝐝𝐢𝐛𝐥𝐞 𝐅𝐥𝐚𝐤𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Nature :
o Conventional
o Organic

• By Type :
o Corn Flakes
o Oat Flakes
o Wheat Flakes
o Rice Flakes
o Others

• By Distribution Channel :
o Convenience Stores
o Hypermarkets/ Supermarkets
o Online Retailers
o Others

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/edible-flakes-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Potato Flakes Market: https://www.factmr.com/report/1510/potato-flakes-market

Non-Potato Veggie Chips Market: https://www.factmr.com/report/1007/non-potato-veggie-chips-market

Baked Chips Market: https://www.factmr.com/report/baked-chips-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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