Edible Flakes Market Size - By Product (Corn Flakes, Wheat Flakes, Rice Flakes, Flakey Oats), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retailers), Growth Prospects, Regional Outlook & Global Forecast, 2024 - 2032
Global Edible Flakes Market will witness over 2.7% CAGR between 2024 and 2032, propelled by rising collaboration initiatives among leading companies. These collaborations bring together expertise in food technology, nutrition, and awareness initiatives, leading to the development of new and exciting edible flakes products.
For instance, in May 2021, shelves nationwide welcomed the limited-edition Together With Pride cereal, the latest collaboration between Kellogg Company and GLAAD. LGBTQ+ advocates and allies were set to kick off their mornings with this new cereal, celebrating individuality and love beyond boundaries. Engaging with the #BoxesAreForCerealChallenge on TikTok and, with every box bought and receipt uploaded, Kellogg donated $3* (up to $140,000) to bolster GLAAD's endeavors in fostering acceptance and equality for the LGBTQ+ community.
By leveraging each other's strengths, companies can create unique flavor profiles, improve product quality, and expand market reach. As consumer preferences for healthy and convenient food options grow, collaborative efforts in the edible flakes market play a crucial role in meeting evolving consumer demands and driving market growth.
The overall Edible Flakes Market share is classified based on the product, distribution channel, and region.Wheat flakes segment will undergo significant development from 2024 to 2032. As a nutritious and versatile breakfast option, wheat flakes offer consumers a healthy and satisfying meal choice. With an emphasis on health and wellness, consumers seek out wheat flakes for their high fiber content, low fat, and natural ingredients. Additionally, wheat flakes serve as a versatile ingredient in various recipes, from breakfast bowls to baked goods, further fueling their demand in the market.
Edible flakes market size from the convenience stores segment will register a noteworthy CAGR from 2024 to 2032. As busy lifestyles become increasingly prevalent, individuals opt for on-the-go breakfast options, making convenience stores a prime destination for purchasing edible flakes. These stores stock a variety of edible flake products, offering consumers a wide selection to choose from. With their easy accessibility and diverse range of options, convenience stores play a crucial role in meeting the rising demand for edible flakes in the market.
Asia Pacific edible flakes industry will showcase a commendable CAGR from 2024 to 2032. With a diverse population and changing dietary preferences, consumers in Asia Pacific increasingly turn to edible flakes for their convenience and nutritional value. Rapid urbanization and busy lifestyles drive the demand for quick and easy breakfast options, making edible flakes a popular choice.
Additionally, growing health consciousness and awareness of dietary benefits contribute to the rising demand for edible flakes across various countries in the Asia Pacific region. For instance, in May 2022, a tea entrepreneur from Assam introduced a unique tea called Swarna Panam, featuring edible 24-carat gold flakes. This exclusive tea, priced at Rs 2.5 lakh per kilogram, offered a luxurious indulgence. Swarna Panam boasted a carefully curated blend, combining rare Assam Black tea with honey notes and delicate petals of 24-carat edible gold.