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Edible Flakes Market to depict appreciable growth prospects over 2019-2025

Author : Rahul Sankrityayan | Published Date : 2019-07-10 

Global Market Insights, Inc. added research on Edible Flakes Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

Rapid urbanization trends since the last few years have led to edible flakes market becoming a highly profitable investment ground. Eating habits that keep fluctuating from processed food consumption, due to their easy availability, and health food consumption, as a part of a growing awareness regarding leading a healthy lifestyle, would be responsible for facilitating the growth of edible flakes industry.

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Lactose intolerance disorder will be a major hurdle for the edible flakes market 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.

While processed food & healthy food fall on the opposite spectrums of the scale, the immense diversification of the global edible flakes industry would ensure that the business sphere would remain lucrative despite changing consumer preference. In fact, edible flakes market caters to both demographics; people leading busy lifestyles who require processed foods like frosted corn flakes, which are considerably less healthy but are high in calories, and people who are health conscious and require to consume foods such as oatmeal or flakey oats.

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 grow with a CAGR more than 8% in upcoming years due to increasing popularity of nutritious food products. Rice flakes segment will capture around 4% volume share at the end of 2025.

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Based on distribution channel, the market is classified in three categories namely supermarkets & hypermarkets, online retailers and convenience stores. Supermarkets & hypermarkets segment will register a revenue of approximately USD 12 billion by 2025. Online retailers will witness favorable growth trends with a CAGR more than 6%. This segment will gain popularity due to provision of single platform for large number of products along with customer convenience.

Europe will be a major market for edible flakes and is likely to reach over USD 10 billion over the forecast spell. 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.

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Asia Pacific shows prominent future for edible flakes market with a CAGR around 11%. 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 global 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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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