PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1663361
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1663361
The global edible flakes market is valued at approximately USD 21.99 billion in 20223 and is expected to grow with a healthy growth rate of more than 6.2% over the forecast period 2024-2032. Changing consumer dietary patterns, particularly a growing preference for healthy and ready-to-eat breakfast options, are pivotal factors driving the market growth. Urban consumers are shifting toward convenience-based products such as corn, oat, and wheat flakes, driven by increasing awareness of their nutritional benefits. These edible flakes provide balanced nutrition, with key offerings like fiber-rich oat flakes, iron-packed corn flakes, and high-fiber wheat flakes serving as attractive options for health-conscious consumers.
Increasing disposable incomes in emerging markets and a rise in demand for convenience food further stimulate market growth. For example, in August 2024, WK Kellogg Co introduced innovative multigrain flakes with raisin and oat cluster combinations, addressing the evolving consumer demand for health-oriented breakfast products. Additionally, the expansion of online distribution channels, coupled with robust offline networks, has amplified the accessibility of edible flakes globally, significantly contributing to their market penetration.
However, challenges such as fluctuating raw material prices and rising consumer concerns over sugar content in breakfast cereals may hinder market expansion during the forecast period. Despite these challenges, innovative product launches and growing consumer preferences for plant-based and low-calorie diets present lucrative growth opportunities for the edible flakes market.
The market's regional growth is led by North America, which accounted for a significant revenue share in 2024 due to its well-established breakfast cereal culture and the presence of leading brands like Kellogg's and Quaker Oats. Meanwhile, Asia Pacific is expected to witness the highest CAGR, driven by increasing urbanization, Westernized dietary preferences, and the rapid growth of e-commerce platforms in countries like India and China.