The global On-the-go Breakfast Products Market Demand is Driven by Changing Consumer Lifestyles

 

On-the-go breakfast products are convenient, easy-to-prepare breakfast options that can be consumed anywhere. They are ideal for consumers with busy lifestyles who do not have time for a home-cooked breakfast. These products help meet the daily nutritional needs and come in various forms such as breakfast cereals, cereal bars, breakfast sandwiches, waffles etc.

The global On-the-go Breakfast Products Market is estimated to be valued at US$ 25.7 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the growth of the on-the-go breakfast products market is changing consumer lifestyles and preferences. With people having increasingly busy schedules and less time for homemade breakfasts, demand for convenient, portable breakfast options is growing. Moreover, growing health consciousness is also fueling the demand for on-the-go breakfast products that are healthy, nutritious and provide functional benefits. Many vendors are innovating and launching new product varieties with higher protein content, whole grains and fiber to cater to consumer demand. This rising focus on health and wellness is expected to support the continued growth of the on-the-go breakfast products market over the forecast period.

Segment Analysis

On-the-go Breakfast Products Market is dominated by the cereal and bars sub-segment. This is because cereal and bars are highly convenient breakfast options that can be easily consumed on the go without the need for preparation. The products under this sub-segment have a longer shelf life and are affordable options for consumers with a busy lifestyle who need a quick meal for breakfast.

Key Takeaways

The global On-the-go Breakfast Products market is expected to witness high growth over the forecast period of 2023 to 2030. The global On-the-go Breakfast Products Market is estimated to be valued at US$ 25.7 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030.

Regional analysis shows that North America region currently dominates the market due to rising demand. However, Asia Pacific is expected to witness the fastest growth due to growing adoption of western breakfast habits and increasingly fast-paced urban lifestyles in countries like India and China.

Key players operating in the On-the-go Breakfast Products market are Quaker Oats Company, Kellogg Co., General Mills Inc., MOMA, Uncle Toby’s, Bagrry’s India Ltd., Sanitarium, Anchor, Weetabix Ltd., and Nestle S.A. These companies are focusing on new product launches catering to varied consumer demands to strengthen their foothold in the market. For instance, Kellogg launched a range of on-the-go nutrition bars to expand its portfolio in 2019.

Comments

Post a Comment

Popular posts from this blog

Blowing Agents in Action: Enhancing Sustainability and Performance in Modern Engineering

Image
  Blowing Agents: Unleashing the Power of Expansion in Materials Blowing agents are a remarkable class of chemical compounds that play a pivotal role in various industries, revolutionizing the way materials are manufactured and utilized. These agents are essential additives employed to induce controlled expansion in materials, leading to the creation of diverse products with unique properties and applications. From lightweight foams in packaging to insulating materials and beyond, blowing agents have become indispensable in modern manufacturing processes. 1. Understanding Blowing Agents: Blowing agents are substances designed to generate gas when subjected to specific conditions, such as heat, pressure, or chemical reactions. The produced gas forms bubbles within the material matrix, resulting in a cellular structure with reduced density. This cellular structure not only imparts lightness to the material but also enhances its thermal and acoustic insulation properties. 2. Versatile Ap
Read more

Multi-Depth Corrugated Box Market Trends 2023 - Industry Insights, Competition Analysis, Growth Rate and Forecast by 2030

Image
  A multi-depth corrugated box is a type of shipping or storage box that has the ability to be adjusted to different depths, allowing for greater flexibility and efficiency in packaging and shipping. This type of box is made of corrugated cardboard, which consists of a fluted layer sandwiched between two flat layers. Multi-depth corrugated boxes are typically made with a series of perforations or scores that allow the box to be easily adjusted to different depths. For example, a box with a height of 10 inches might have perforations at 2-inch intervals, allowing it to be adjusted to a depth of 2 inches, 4 inches, 6 inches, 8 inches, or 10 inches, depending on the specific needs of the user. The advantages of using multi-depth corrugated boxes include reduced inventory costs, improved packing efficiency, and better use of storage space. By using a single box that can be adjusted to different depths, businesses can reduce the number of different box sizes they need to stock and simplify
Read more

Distributed Generation Market 2023, In-depth Forecast and Size Estimation, Highlights Growth, CAGR Status, and Revenue till 2030

Image
  Distributed generation refers to the generation of electricity from multiple small-scale power sources located near the end-users or within the electricity distribution system, as opposed to relying solely on large centralized power plants. It is also known as decentralized generation or on-site generation. In a traditional electricity system, power is generated at centralized power plants, transmitted over long distances through the transmission grid, and then distributed to consumers through the distribution grid. In a distributed generation system, however, electricity is generated closer to the point of consumption, reducing the need for extensive transmission and distribution infrastructure. Distributed generation can involve various technologies, including: • Solar Photovoltaic (PV) Systems: These systems convert sunlight directly into electricity using solar panels. •Wind Turbines: Small-scale wind turbines can be installed to harness wind energy and generate electricity. • C
Read more