Global Edible Flakes Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Edible Flakes Market Trends, Applications, Insights, Growth Rate, and Market Forecast 2020 – 2029” report, recently produced by Trusted Business Insights, offers in-depth insights, revenue details, and other vital information regarding the historical and projected revenues from the global edible flakes market. Further segmentation country-wise is also provided, with each major country presented along under its respective region. Analysis included, both, top-down and bottom-up approaches. Drivers, restraints, opportunities, and challenges in the market are ascertained and presented in the respective section. Compound Annual Growth Rate (CAGR), incremental value, Year-on-year growth, and additional vital information and data is also included in the final report. Company profiles includes detailed information regarding prominent players in the global market such as financials, innovations, recent developments, partnerships, acquisitions, mergers, and other strategic plans, as well as market footprint, and competitive landscape. The global edible flakes market report has been segmented on the basis of product, distribution channel, and region.

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Edible Flakes: Overview

Edible flakes are the most common foods consumed by people in their daily diet, and are majorly suggested by modern nutritionists. These edible flakes are categorized based on raw materials into corn flakes, flakey oats, wheat flakes, rice flakes, and others. Generally, edible flakes such as corn flakes and flakey oats are consumed with milk as breakfast. Chiefs are using edible flakes to create enhanced texture for cake and by using an array of brilliant metallic colors. In addition, corn flakes are used for making snacks such as corn chips, corn flakes savory/ chivda (Indian snack), etc.

Global Edible Flakes Market: Dynamics

Rising popularity of ready-to-eat food products in developed and developing countries is a major factor anticipated to drive demand for edible flakes and fuel market growth. In addition, global population is pacing towards hectic and busy lifestyle due to which demand for packaged food such as easy-to-cook meals is increasing and this combined with rising spending power are factors expected to boost growth in the global edible flakes market.

However, easily available healthy food substitutes including yoga bars, energy drinks, eggs, yogurt, among other options are major factors anticipated to hamper growth of the global market. In addition, lactose intolerance disorder is a major hurdle expected to restrain growth in the global edible flakes market as these product is usually consumed with milk.

Moreover, increasing consumption of extruded foods, as well as overall advancement in food & beverage industry to significantly improve the demand of edible flakes and changing dietary pattern are major factors projected to create lucrative opportunities in the global edible flakes market over the next 10 years.

Global Edible Flakes Market: Segment Analysis

Among the product segments, the corn flakes product is anticipated to account the largest revenue share and is expected to register highest growth rate in the global market owing to the rising adoption of nutritious food products. The flakey oats product segment is expected to grow at a significant CAGR in the global market over the 10-year forecast period.

Among the distribution channel segments, the supermarkets & hypermarkets segment is estimated to dominate with the highest revenue share in the global market. However, online retailer segment is anticipated to grow at a significant growth rate in the next 10 years owing to prominent feature of providing a large number of products at a single platform, along with consumer convenience.

Global Edible Flakes Market: Region Analysis

The Europe market is estimated to dominate in the global edible flakes market and is projected to continue with its dominance over the 10-year forecast period, due to rising demand for ready-to-eat products among the consumers in the region. The Asia Pacific edible flakes market is projected to register a significantly high revenue growth rate over the forecast period, due to rising consumer expenditure on healthy convenience food. Countries contributing the most revenue share in the Asia Pacific market are India and China owing to growing food & beverage industry, and increasing westernization.

Global Edible Flakes Market Segmentation:

Segmentation by Product:

Corn flakes
Wheat Flakes
Rice Flakes
Flakey oats

Segmentation by Distribution Channel:

Supermarkets & Hypermarkets
Convenience Stores
Online Retailers