Market Highlights —
The fast beat lifestyle vents out to an enormous growth of the global o-the-go breakfast market, predicts Market Research Future (MRFR). The report further goes on stating that the global on-the-go breakfast market can garner a lucrative CAGR of 4.4% between 2018 and 2023. MRFR also asserts that the market can touch a valuation of USD 1,676.2 million by 2023.
The accelerated lifestyle of people is demanding for quick results which is expected to bolster the global on-the-go breakfast products market. This, in turn, is augmenting the sales of on-the-go breakfast products. The rise in population is triggering rapid urbanization, which in turn, is escalating number of working professionals. Hence, on-the-go breakfast products are gaining popularity among office goers. Furthermore, as health- consciousness trends, the on-the-go breakfast products is observed to note high demand. The ease of on-the-go breakfast products availability is dedicated to enhancing customer satisfaction, thereby increasing the customer base. The high proliferation of e-commerce sector is an add-on. The breakfast being the crucial part of daily diet is not ignored, but to keep in pace with the fast beat life, on-the-go breakfast products come handy. MRFR identified these factors as an excellent driver that are likely to boom the on-the-go breakfast products market growth over the review period.
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MRFR enlisted some prominent companies that are operating in the On-the-Go Breakfast Market. They are;
• ITC Limited,
• Nestle S.A.,
• Alara Wholefoods Ltd.,
• Moma Foods,
• General Mills Inc.
• Amy’s Kitchen,
• Bagrry’s India Ltd.,
• Uncle Toby’s,
• Raisio PLC,
• Kellogg Co.,
• Weetabix Limited,
• Quaker Oats Company,
• United Biscuits Limited,
• Weetabix Ltd.
By region, the global on-the-go breakfast products market has been studied across Europe, Asia Pacific, the Americas, and the Middle East and Africa (MEA). The regional outlook of the on-the-go breakfast products helps in analysing the regional progress of the market.
The on-the-go market in North America is expected to secure the highest market share. The sturdy distribution channel and continuous efforts being made to launch better, and healthy products can reinforce the regional market expansion. The existence of top-notch market players in the region is also likely to bolster the regional market in the coming years.
The European market growth is expected to vent out on the excellent popularity of the on-the-go breakfast products. The huge population and robust technical advancements in the Asia Pacific region are anticipated to fuel the regional market over the assessment period.
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Packaging type, product type, and distribution channel are segments in which MRFR has analyses the global on-the-go breakfast products market growth to attain a comprehensive understanding of the market.
By product type, the on-the-go breakfast products market study has been segmented into egg meals, beverages, bakery products, sandwiches, breakfast bars, burgers, cereal meals, and others. Owing to the high popularity of cereal meals, the cereal meals segment growth is expected to proliferate at a rapid pace.
By packaging type, the on-the-go breakfast products market can be segmented into bottles and jars, trays, boxes, cans, and others.
By distribution channels, the on-the-go breakfast products market has been segmented into non-store and store-based. The store-based segment has been narrowed down to convenience stores, specialty stores, supermarkets and hypermarkets, and others.
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