Global Edible Flakes Market- Covid-19 Impact, Trends, Applications, Revenue and Opportunities to 2029
Edible Flakes Market: Introduction
A recent study published by Transparency Market Research on the edible
flakes market includes global industry analysis and opportunity assessment
for 2019-2029. The global edible flakes market is expected
to be valued at ~US$ 9.9 Bn in 2019, which is projected
to rise at a CAGR of 8.5%, to reach US$ 22.3 Bn by 2029.
Growing Demand for Natural Food Boosts Sales of
Edible Flakes
Consumption of natural and plant-based products is increasing due to the
health halo surrounding plant-based ingredients and products. Consumers have
become more aware and make informed food choices. They prefer foods that are
free from chemicals. Thus, consumers are influenced by ingredients used in
processed foods and their potential health effects. Different plant-based
flakes, such as corn flakes, rice flakes, wheat flakes, and others are derived
from different grains and are thus, preferred by consumers as healthy breakfast
options.
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Increasing Per Capita Expenditure on Prepared Food
to Spur Growth
With increasing urbanization and rise in purchasing power, customers are
spending more on prepared, processed, and ready-to-eat food. This saves
time that is normally required to prepare traditional breakfasts or meals.
Increasing spending on ready-to-eat food is also driving the global edible
flakes market, and this trend is expected to continue during the forecast
period. In addition, consumers across the globe are shifting towards the
consumption of products that are easily available and contain a high level of
nutrition.
In North America, consumers aged under 25 years prefer ready-to-eat and
healthy processed food products. Consumers aged 35-49 years are also developing
taste for prepared food, which is further expected to drive the edible flakes
market during the forecast period.
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Increasing Product Innovation in Food &
Beverages Industry to Positively Impact Growth
The pace at which new technologies are impacting the food sector is
quite high, and it has become necessary for global manufacturers to increase
the scale and speed of their R&D efforts. Keeping that in mind, a
variety of edible flakes are now made available in their purest forms by
several commercial vendors. Hence, it is anticipated that different varieties
of edible flakes could also launched in the coming years following the increase
in research and development expenditure. Big companies are constantly using
R&D efforts in order to achieve innovative new products and to explore new
market possibilities. Therefore, this rise in R&D by the top players is
expected to attract a large number of consumers in the coming years.
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About Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis provides
forward-looking insights to thousands of decision makers. TMR’s experienced
team of analysts, researchers, and consultants use proprietary data sources and
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research experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency Market Research
employs rigorous primary and secondary research techniques to develop distinctive
data sets and research material for business reports.
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