Global Edible Flakes Market Recent Study Including Growth Factors CAGR of 8.13 % by 2026

Market Analysis: Global Edible Flakes Market

Global Edible flakes markets is expected to register a substantial CAGR of 8.13% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the various benefits and additional functionalities that these products offer to the food & beverage industry.

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Market Definition: Global Edible Flakes Market

Edible flakes are additional bakery ingredients utilized in various food applications to provide enhanced appeal to the goods, while improving the colour, texture and modifying the overall taste of the product they are applied in. These flakes are generally coloured, flavoured adding an extra dimension to the baked goods’ appeal and flavouring.

Market Drivers:

• Increasing consumption of ready-to-eat food products in various developing regions of the world is expected to boost the growth of the market
• Growing need for healthy diet and processed food products is also expected to boost the growth of the market
• Changes in the lifestyles of individuals to adopt a more healthier product base is expected to drive the growth of the market
• Various health and nutritional benefits associated with the consumption of flakes consumption is expected to drive the growth of the market

Market Restraints:

• Concerns regarding the availability of alternate products is expected to restrict the growth of the market
• Significant rise in the population suffering from lactose intolerance is also expected to restrict the growth of the market
• Overutilization/overeating of these flakes can cause negative effects on the body which is expected to restrict the growth of the market

Segmentation: Global Edible Flakes Market

By Product

• Corn Flakes
• Wheat Flakes
• Rice Flakes
• Flakey Oats
• Others

By Distribution Channel

• Supermarkets & Hypermarkets
• Convenience Stores
• Online Retailers

Competitive Analysis:

Edible flakes markets is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of edible flakes market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Developments in the Market:

• In November 2018, AAK USA Inc. announced the launch of several new flavours of shortening flakes designed for a variety of applications in bakery products such as cakes, pie, doughs as well as biscuits among others. The flavour varieties include orange, vanilla and butter. These flakes offer significant advantages over other packaged shortening products
• In April 2018, Kellogg Co. announced the launch of a different kind of applications for its chocolate frosted flakes. Their flakes have found their use in the production of a vinyl record that is playable while also being edible. This innovative strategy will help in improving the awareness amongst the population regarding the company’s flakes and cereal products

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Data collection and base year analysis is done using data collection modules with large sample sizes.