Edible Flakes Market size to exceed $25bn by 2025
Published Date: April 10, 2019 Authors: Kiran Pulidindi, Soumalya Chakraborty
Edible Flakes Market size is expected to cross USD 25 billion by 2025, according to research conducted by Global Market Insights, Inc.
Increasing popularity of ready-to-eat food products will primarily boost the edible flakes industry demand during the forecast time span. Changing lifestyles coupled with busy schedules of personnel will drive them to incline towards processed foods leading to increase in consumption of edible flakes. Moreover, the demand for healthy foods are also increasing, as the future of the consumer is molded by healthier eating lifestyles, growing knowledge on food, and a value-driven outlook. Growing consumers interest in healthy lifestyles is expected to show a significant positive influence on the product landscape. Additionally, overall growth in food and beverage industry will substantially improve the demand of edible flakes. These trends will surely drive the global edible flakes market demand.
Lactose intolerance disorder will be a major hurdle for the edible flakes industry growth in coming year as the product is generally consumed with milk. According to National Institutes of Health (NIH), around 65% of global population is unable to digest lactose properly. Lactose intolerance disorder is widely common in East Asian countries.
Browse key industry insights spread across 160 pages with 169 market data tables & 28 figures & charts from the report, “Edible Flakes Market Statistics By Product (Corn Flakes, Wheat Flakes, Rice Flakes, Flakey Oats), Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retailers), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Edible flakes market is divided into product and distribution channels. Based on product, the market is segmented into four major products which include corn, rice, wheat flakes and flakey oats. Corn flakes segment is likely to register more than 8% CAGR in upcoming years due to increasing popularity of nutritious food products. Rice flakes segment will capture around 4% volume share by 2025.
Based on distribution channel, the market is classified in three categories namely supermarkets & hypermarkets, online retailers and convenience stores. Supermarkets & hypermarkets segment will surpass approximately USD 12 billion by 2025. Online retailers will witness favorable growth of more than 6% through 2025. This segment will gain popularity due to provision of single platform for large number of products along with customer convenience.
Europe edible flakes market is likely to reach over USD 10 billion by 2025. The consumer spending on healthier, and convenient foods grew due to promising economic development over the last few years. For instance, consumers in Germany have a developed preference for products with good health and wellness characteristics. Asia Pacific shows prominent future for edible flakes industry with a CAGR around 11% through 2026. This is all due to the shift in population growth coupled with positive economic trends over the time. Hence, will drive the food and beverage industry leading to rise in edible flakes market by 2025.
The major manufacturers of the market are General Mills, Post Holding Company, Nestlé S.A., Dr. August Oetker, Kellogg’s, Patanjali, H. & J. Brüggen KG, Nature’s Path Foods, etc.