Edible Flakes Market Size Worth $28.34 Billion By 2027 | CAGR

6.3%: Grand View Research, Inc.

SAN FRANCISCO, May 27, 2020 /PRNewswire/ --  The global edible flakes market size is expected to reach USD 28.34 billion by 2027, expanding at a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Rising consumers' consciousness regarding more healthy and nutritious food in the busy and hectic lifestyle is a key factor fueling the market growth. Moreover, shifting consumers' dietary preferences in order to follow a healthy lifestyle are anticipated to expand the scope of edible flakes over the forecast period.

Key suggestions from the report:

• By product, corn flakes accounted for the largest share of more than 40.0% in 2019. It is expected to maintain its lead over the forecast period owing to large consumption among working class people around the globe, especially in North America and Europe
• Oat flakes are anticipated to exhibit the fastest CAGR of 6.6% from 2020 to 2027 owing to increasing demand for healthy food among young generation across the globe
• Offline distribution channel held the largest share of more than 75.0% in 2019 and is expected to maintain its lead in future due to increasing consumer preferences for brick and mortar stores that offer a choice of physical verification while purchasing
• Asia Pacific is anticipated to exhibit the fastest CAGR of 7.1% from 2020 to 2027 owing to growing trend of ready-to-eat breakfast among the working class people as well as college grads of countries, such as China and India
• Key market players include Nestlé S.A.; The Kellogg Company; General Mills Inc.; The Quaker Oats Company; Dr. August Oetker KG; PepsiCo Inc.; Bagrry's India Ltd.; Marico Ltd.; H. & J. Brüggen KG; and Nature's Path Foods.

Read 80 page research report with ToC on "Edible Flakes Market Size, Share & Trends Analysis Report By Product (Corn, Oat, Wheat), By Distribution Channel (Offline, Online), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/edible-flakes-market