Edible Flakes Market

Edible Flakes Market Size, Share, Growth (2023-2028)

Edible Flakes Market  size was worth US$ 22.74 billion in 2023 and is anticipated to reach a valuation of US$ 33.72 billion by 2028 with a CAGR of 8.20% 

Edible flakes are commonly used in the packaged food sector due to the excellent nutritional value of the food and the ease of food preparation. The significant impact of western culture on consumer preferences and growing customer dietary habits will fuel the market growth trends of edible flakes.

REPORT COVERAGE:

Edible Flakes Market Drivers And Restraints

Growth in the industry is driven by a rise in the consumption of ready-to-eat food in developing countries. The hectic lifestyle pattern of people today has resulted in a massive need for a diet that is quickly prepared and has boosted market demand. The increasing popularity of healthy diets and the massive consumption of refined food have paved the way for business growth. Increased consumption of nutritious edible products in third-world countries will expand the market in the years to come. The growth in the global population and the rise in per capita spending are a few of the critical factors that can have a lucrative effect on the food and beverage industry. The increase in life expectancy resulting from improved medical and healthcare facilities and nutritional diets will culminate in a significant rise in the edible flakes industry. 

The easy availability of substitutes like yogurt, eggs, and fresh fruits, along with allergy to lactose in the population of the Far Eastern countries, may pose a challenge to market progress over the coming years. Edible Flakes Market offers a plethora of lucrative growth and development dynamics. Health benefits provided by edible flakes are the most distinct generator of demand on the global market. In contrast, the need for healthy snacks has also put edible flakes under the spotlight. Edible flakes can be eaten with a variety of other items, such as milk, water, and curd. This has also increased the growth stakes in the global food flakes market.

Edible Flakes Market Segmentation Analysis:

Edible Flakes Market by Product

• Corn Flakes

• Wheat Flakes

• Rice Flakes

• Flakey Oats

By Distribution Channel

• Supermarkets & Hypermarkets

• Convenience Stores

• Online Retailers

Edible Flakes Market Geographical Analysis

• North America

• Europe

• Asia-Pacific

• Middle East and Africa

• Latin America

Asia Pacific’s high demand for the product will increase its sales in the region, resulting in a massive increase in earnings for the Edible Flakes Market in the area. In addition, an increase in purchasing capacity and disposable income will boost the food and beverage sector in the region. It, in effect, will increase the market size of the edible flakes over the projected period. 

European market is likely to see lucrative growth over the next decade, due to a preference for low-calorie food in many European countries and an increasing inclination toward a ready-to-eat diet as a result of the busy lifestyle of the local population. The strong need for a healthy diet could accelerate business growth in Eastern Europe over the next decade.

Edible Flakes Market Key Players

1. Baggry's India Ltd

2. Dr. August Oetker KG

3. General Mills Inc

4. Kellogg Co

5. Marico Ltd

6. Nature’s Path Foods Inc

7. Nestlé SA

8. PepsiCo Inc

9. Post Holdings Inc

10. The Hain Celestial Group Inc