On the go breakfast packaging products are increasingly being adopted for cereal, pastry, sandwich and drink packaging applications. The convenience offered through re-sealable and easy to consume packaging has increased the demand for on the go breakfast items.
The global On The Go Breakfast Packaging Market is estimated to be valued at US$ 685.51 Million in 2023 and is expected to exhibit a CAGR of 5.6% 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 in the on the go breakfast packaging market is the increased adoption of innovative and sustainable packaging solutions. Companies are investing in research & development to introduce bio-based and recyclable packaging products made from materials like paperboard and bioplastics. For instance, Amcor has developed packaging film made from renewable wood fiber that provides barrier protection and is fully recyclable. Such eco-friendly packaging innovations are enhancing brand image and driving demand in the on the go breakfast packaging market.
Segment Analysis
The on the go breakfast packaging market is dominated by cereals and snacks sub-segment. This sub-segment accounts for around 30% of the total market share as breakfast cereals and snacks are widely consumed on the go breakfast options globally. Consumers prefer easy to carry and eat breakfast options while commuting to work or school which drives the demand for cereals and snacks breakfast packaging.
Key Takeaways
The Global On The Go Breakfast Packaging Market Demand is expected to witness high growth, exhibiting a CAGR of 5.6% over the forecast period, due to increasing demand for convenient breakfast options amongst busy consumers.
Regional analysis
North America accounts for the largest share in the on the go breakfast packaging market, holding around 35% of the total market share. This is attributed to longer working hours and hectic lifestyles of consumers in the region which has increased the demand for convenient on the go breakfast packaging. Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising disposable incomes and changing consumption patterns in developing countries of the region.
Key players
Key players operating in the on the go breakfast packaging market are Amcor plc,3M,DuPont,Tetra Laval International S.A.,Mondi,Berry Global Inc.,Ardagh Group S.A.,Bemis Manufacturing Company,Graham Packaging Company,Crown,BALL CORPORATION,Constantia Flexibles,CKS Packaging, Inc.,Sonoco Products Company,ProAmpac,Alcoa Corporation,Huhtamäki Oyj,Sealed Air,WINPAK LTD,DS Smith. These players are focussing on new product development, expansion plans and mergers and acquisitions to gain market share in the fragmented on the go breakfast packaging market space.
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The Global On-The-Go Breakfast Products Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product type and distribution channel.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global On-The-Go Breakfast Products Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/14933-on-the-go-breakfast-products-market-reportThe report also covers the complete competitive landscape of the global On-The-Go Breakfast Products market with company profiles of key players such as:AnchorBagrry’s India Ltd.General Mills Inc.Kellogg Co.MOMANestle S.A.Quaker Oats CompanySanitariumUncle Toby’sWeetabix Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product Type:Breakfast CerealsDairy Based DrinksBy Distribution Channel:Hypermarket/ SupermarketRetail StoresConvenience StoresOnline SellingOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global On-The-Go Breakfast Products Market @ https://www.decisiondatabases.com/contact/download-sample-14933The Global On-The-Go Breakfast Products Market has been exhibited in detail in the following chapters –Chapter 1 On-The-Go Breakfast Products Market PrefaceChapter 2 Executive SummaryChapter 3 On-The-Go Breakfast Products Industry AnalysisChapter 4 On-The-Go Breakfast Products Market Value Chain AnalysisChapter 5 On-The-Go Breakfast Products Market Analysis By Product TypeChapter 6 On-The-Go Breakfast Products Market Analysis By Distribution ChannelChapter 7 On-The-Go Breakfast Products Market Analysis By GeographyChapter 8 Competitive Landscape Of On-The-Go Breakfast Products CompaniesChapter 9 Company Profiles Of On-The-Go Breakfast Products IndustryPurchase the complete Global On-The-Go Breakfast Products Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-14933Other Reports by DecisionDatabases.com:Global Breakfast Cereals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Breakfast Machine Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Fast Food Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
However, the breakfast meal remained the most ignored option in this category until recently but is showing promising growth with the development of on the go breakfast products options.
The lack of time especially in the mornings to create nutritious meals is the prime factor that is fuelling the growth of the market.Access Full Report Details @ https://www.marketresearchfuture.com/reports/on-the-go-breakfast-products-market-6721The development of sedentary lifestyles of the end users is a major factor that is helping in the growth of the market.
As women were earlier tasked with making meals in households, the rising working women workforce, particularly in the developing economies, is creating a strong demand for on the go breakfast products.
The rising acceptance among the consumers for private label brands is expected to transform the market landscape for the on the go breakfast products market in the forecast period.Competitive Analysis:The on-the-go breakfast products market is influenced by the positive trends that are directing and increased demand level for the market.
The important competitors influencing the on-the-go breakfast products market are Kellogg Co., General Mills Inc., Nestle S.A., Raisio PLC, Weetabix Limited, Bagrry’s India Ltd., Sanitarium, Quaker Oats Company, Weetabix Ltd., Moma Foods, Uncle Toby’s, Amy’s Kitchen, Alara Wholefoods Ltd., United Biscuits Limited, ITC Limited.Segmental Analysis:The on-the-go breakfast products market is segmented on the basis of product type, packaging type, distribution channel, and region.
The store-based segment is supermarkets & hypermarkets, convenience stores, specialty stores, and others.
