Overview and Scope
Edible flakes refer to cereal flakes made from grains like rice, corn, oats, and wheat, which are used as breakfast cereal or in snack preparations. They are often served with milk, yogurt, or fruit, providing a quick and nutritious morning meal.
Sizing and Forecast
The edible flakes market size has grown strongly in recent years. It will grow from $21.79 billion in 2023 to $23.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to changing consumer dietary preferences, globalization of food markets, increased awareness of health and wellness, growth in convenience food consumption, rising disposable incomes.
The edible flakes market size is expected to see strong growth in the next few years. It will grow to $31.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growing demand for functional foods, expansion of the health and wellness industry, increasing population and urbanization, rising demand for natural and organic products, globalization of food supply chains. Major trends in the forecast period include increasing use of sustainable and eco-friendly packaging, rise in plant-based and alternative protein products, customization of edible flakes for dietary preferences, emphasis on clean label and transparency, adoption of smart manufacturing technologies in the production process.
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Segmentation & Regional Insights
The edible flakes market covered in this report is segmented –
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
North America was the largest region in the edible flakes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edible flakes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the edible flakes market report are Nestle S.A., PepsiCo Inc., General Mills Inc., The Kellogg Company, Dr. August Oetker AG, Post Holding Company, Quakers Oat Company, Patanjali Ayurved Limited, The Hain Celestial Group Inc., Marico Ltd., H & J Bruggen KG, Bob’s Red Mill Natural Foods, SunOpta Inc., Nature’s Path Foods, NOW Foods, Mary’s Gone Crackers Inc., Freedom Foods Group, Nutiva Inc., Baggry’s India Limited, Attune Foods LLC, Purely Elizabeth, Mom’s Best Cereals, Julian Bakery Inc., Aarrowhead Mills Inc., Back to Nature Foods Company, Proti Foods
The edible flakes market report table of contents includes:
1. Executive Summary
2. Edible Flakes Market Characteristics
3. Edible Flakes Market Trends And Strategies
4. Edible Flakes Market – Macro Economic Scenario
5. Global Edible Flakes Market Size and Growth
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31. Edible Flakes Market Other Major And Innovative Companies
32. Global Edible Flakes Market Competitive Benchmarking
33. Global Edible Flakes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Edible Flakes Market
35. Edible Flakes Market Future Outlook and Potential Analysis
36.Appendix
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