The Business Research Company’s Edible Flakes Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Edible Flakes Global Market Report 2023 evaluates edible flakes market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global edible flakes market is expected to grow from $20 billion in 2022 to $21.79 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The edible flakes market is expected to reach $29.38 billion in 2027 at a CAGR of 7.8%.
The growing number of vegan consumers is expected to propel the growth of the edible flakes market going forward. Vegan consumers are individuals who adhere to a vegan lifestyle and dietary choices. Edible flakes can be a helpful food option for vegan consumers due to their plant-based nature and as a decorative and flavorful addition to their food. For instance, in March 2023, according to a report published by Truly Experiences Ltd., a UK-based private limited company, the number of vegans in the UK climbed by 445,428 in 2022, a 40% rise from 2021. Therefore, the growing number of vegan consumers is driving the growth of the edible flakes market.
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The edible flakes market segments in the report are:
1) By Product: Wheat Flakes, Rice Flakes, Flakey Oats, Corn Flakes, Other Products
2) By Nature: Organic, Conventional
3) By Distribution Channel: Hypermarkets Or Supermarkets, Online Retailers, Specialty Stores
The table of contents in TBRC’s edible flakes market report includes:
- Executive Summary
- Edible Flakes Market Characteristics
- Edible Flakes Market Trends And Strategies
- Edible Flakes Market – Macro Economic Scenario
5.1. Global Edible Flakes Market Drivers and Restraints
- Edible Flakes Market Segmentation
- Edible Flakes Market Regional And Country Analysis
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- Brazil Edible Flakes Market
- Middle East Edible Flakes Market
- Africa Edible Flakes Market
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