On the go breakfast packaging products including breakfast cereals, breakfast bars, breakfast sandwiches, yogurt, bread and rolled oats help consumers to fulfill their nutritional requirements easily without much preparation. Such ready-to-eat breakfast products are gaining popularity among millennials and working professionals who have a busy lifestyle.
The global On the go Breakfast Packaging Market is estimated to be valued at US$ 685.51 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the On the go Breakfast Packaging Market is accelerated by the increased millennial population across the global. Millennials currently represent a major portion of the population and workforce. This demographic prefers easy and convenient breakfast options as they have a fast-paced lifestyle. Ready-to-eat breakfast packaging products fit well within their busy routines. They find these products to be practical, affordable, and nutritious choice for morning meals. As millennial population continues to rise globally, the demand for on the go breakfast packaging is expected to grow significantly over the forecast period. Manufacturers are launching innovative packaging formats and variety of healthy breakfast products targeted towards millennial consumers. This key trend will drive the market growth during the forecast years.
Segment Analysis
The on the go breakfast packaging market is dominated by packaging for cereals and bars segment. This segment accounts for over 35% of the total market share owing to high consumption of cereal and granola bars as breakfast snacks. The packaging used for these products involves flexible plastic pouches or boxes made from materials like PET, polypropylene etc. These materials allow manufacturers to offer portable, lightweight and resealable packaging solutions for on-the-go consumption.
Key Takeaways
The Global On The Go Breakfast Packaging Market Size is expected to witness high growth. The global On the go Breakfast Packaging Market is estimated to be valued at US$ 685.51 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.
Regional analysis related content comprises the Asia Pacific region is projected to be the fastest growing market during the forecast period. Countries like India, China and Japan are witnessing rising disposable incomes and changing lifestyles leading to increased consumption of packaged breakfast products.
Key players related content comprises Key players operating in the on the go breakfast packaging market are Adani Wilmar Ltd., Ruchi Soya Industries Ltd, Associated British Foods plc, Archer Daniels Midland Company, Beidahuang Group, Bunge Limited, Borges Mediterranean Group, Cargill Incorporated, Fuji Vegetable Oil, Inc., Adams Group, American Vegetable Oils, Inc., and Olympic Oils Limited.
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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.
For More Insights into the Market, Get Sample Copy of this Report:https://www.fairfieldmarketresearch.com/report/on-the-go-breakfast-market/ COVID-19 Has Led to an Explosion in Online Shopping in the On-the-go Breakfast MarketBreakfast cereals have become extremely popular amongst health-conscious consumers in recent times and they comprise the largest share of the on-the-go-breakfast market.
Convenience stores strategically place breakfast cereals front-and-centre attracting the attention of consumers.
The proliferation of smartphones and Internet connectivity in emerging economies is hastening the shift towards online shopping in the on-the-go breakfast market.
Widen Distribution Networks to Maintain Lead in Europe On-the-go Breakfast MarketEurope and North America hold the leadership positions in the on-the-go-breakfast market as they are heavily urbanized, post-industrial societies.
Manufacturers focus on product innovation and widening distribution networks to increase market penetration in these continents.
Asian consumers, similar to their counterparts in developed countries, have expressed a preference for healthy, organic, and on-the-go breakfast options.
