Edible Flakes Market is Expected to Gain Popularity Across the Globe by 2029

The global edible flakes market has witnessed steady growth over the years, driven by increasing consumer demand for convenient and nutritious food options. Edible flakes, made from a variety of grains such as oats, wheat, rice, and corn, have gained popularity due to their versatility and health benefits. They are widely used in breakfast cereals, snacks, and as toppings in various dishes.

Market Size and Growth:

The edible flakes market was valued at US$ 9.9 Bn in 2019 and is projected to reach US$ 22.3 Bn by 2029, growing at a CAGR of 8.5% during the forecast period. The market growth can be attributed to the rising adoption of healthy eating habits, growing consumer awareness about the benefits of whole grains, and the increasing demand for convenience foods.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75861&utm_source=OpenPR&utm_campaign=OpenPR_Sudha

Market Segmentation:

By Service Type: The market is segmented into organic and conventional edible flakes. The organic segment is expected to witness higher growth due to the rising demand for organic and natural food products.

By Sourcing Type: Based on sourcing type, the market is segmented into private label and branded products. The private label segment is expected to dominate the market, driven by the lower cost of private label products compared to branded products.

By Application: Edible flakes find applications in breakfast cereals, snacks, bakery products, and others. The breakfast cereals segment is expected to hold the largest market share, driven by the increasing consumption of ready-to-eat breakfast options.

By Industry Vertical: The market is segmented into retail and foodservice. The retail segment is expected to dominate the market, driven by the growing number of supermarkets and hypermarkets globally.

By Region: The market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Analysis:

North America dominates the edible flakes market, followed by Europe and Asia Pacific. The growth in North America can be attributed to the high consumption of breakfast cereals and snacks in the region. Europe is expected to witness significant growth due to the increasing adoption of healthy eating habits among consumers. Asia Pacific is also expected to witness substantial growth, driven by the growing population and changing dietary habits in countries like China and India.

Market Drivers and Challenges:

Drivers: Increasing consumer awareness about the health benefits of whole grains, growing demand for convenience foods, and the rising adoption of healthy eating habits are the major drivers of the edible flakes market.

Challenges: Fluctuating raw material prices and the increasing competition from alternative breakfast options are the key challenges faced by players in the market.

Market Trends:

The growing trend of incorporating exotic flavors and ingredients in edible flakes to cater to diverse consumer preferences.
The rising popularity of gluten-free and non-GMO edible flakes among health-conscious consumers.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/checkout.php?rep_id=75861

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