Press release
Global Edible Flakes Market: A Surge from $23.68 billion to $34.44 billion by 2029 and What's Driving this Expansion
Riding on the wheels of changing consumer dietary habits, the edible flakes market is projected to experience a robust growth, expected to shoot up from $23.68 billion in 2024 to $25.65 billion in 2025 with a notable CAGR of 8.4%, before crowning at $34.44 billion in 2029 at a CAGR of 7.6%.What Is The Projected Market Size Of The Global Edible Flakes Market And Its Growth Rate?
• The market for edible flakes is set to grow from $23.68 billion in 2024 to $25.65 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%.
• The growth in this period can be attributed to changing consumer dietary preferences, increased awareness of health and wellness, and rising disposable incomes amongst other factors.
• The market size of edible flakes is predicted to see a robust growth in the years to come, expected to rise to $34.44 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%.
• The growth in this forecast period can be attributed to increasing demand for functional foods, expanding health and wellness industry and rising demand for natural and organic products.
What Is Driving The Growth In The Edible Flakes Market?
The surge in the number of vegan consumers is contributing significantly to the growth of the edible flakes market. These individuals, who are faithfully adhering to a vegan lifestyle and dietary choices, find edible flakes a helpful addition to their food due to its plant-based origin. For example, a report published by Truly Experiences Ltd., a UK-based private limited company noted that there was a 40% rise in the number of vegans in the UK in 2022. Thus, it is fair to stipulate that the growing number of vegan consumers is a propelling factor for the edible flakes market.
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Who Are the Key Players Driving Edible Flakes Market Growth?
• Nestle S.A.
• PepsiCo Inc.
• General Mills Inc.
• The Kellogg Company
• Dr. August Oetker AG
• Post Holding Company
• Quakers Oat Company
• Patanjali Ayurved Limited
• The Hain Celestial Group Inc.
• Marico Ltd.
• H & J Bruggen KG
• Bob's Red Mill Natural Foods
• SunOpta Inc.
• Nature's Path Foods
• NOW Foods
• Mary's Gone Crackers Inc.
• Freedom Foods Group
• Nutiva Inc.
• Baggry's India Limited
• Attune Foods LLC
• Purely Elizabeth
• Mom's Best Cereals
• Julian Bakery Inc.
• Aarrowhead Mills Inc.
• Back to Nature Foods Company
• Proti Foods
What Are The Key Trends In The Edible Flakes Market?
• Increase in the use of sustainable and eco-friendly packaging.
• Rise in the consumption of plant-based and alternative protein products.
• Customization of edible flakes to match dietary preferences.
• Emphasis on clean label and transparency.
• Adoption of smart manufacturing technologies in the production process.
What Are The Segments Of The Global Edible Flakes Market?
• By Product: Wheat Flakes, Rice Flakes, Flakey Oats, Corn Flakes, Other Products
• By Nature: Organic, Conventional
• By Distribution Channel: Hyper markets Or Super markets, Online Retailers, Specialty Stores
Which Region Leads The Edible Flakes Market?
In 2024, North America was the most dominant region in the market for edible flakes. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The report on edible flakes market covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Edible Flakes Market Global Market Report?
• Market Size Analysis: Analyze the Edible Flakes Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Edible Flakes Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Edible Flakes Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Edible Flakes Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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