Facts That Nobody Told You About Edible Flakes Market

Posted by Loise Williams on October 25th, 2019

The global edible flakes market is expected to grow at a CAGR of 7.58% during the forecast period. Based on the distribution channel, the market has been segmented into offline and online. As per the latest market research report published by Technavio, global edible flakes market has the potential to grow by USD 8.3 billion during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period. Get the free sample report below for the detailed information.

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Organized retailing, which includes hypermarkets and supermarkets as two of the major offline distribution channels of flakes products, eases the purchasing process for consumers and enables them to choose from a diverse range of edible flakes. For instance, Tesco, Carrefour, and Target are some of the major hypermarkets and supermarkets that offer various brands of edible flakes. One of the major factors that are expected to drive the growth of the segment is the expansion of hypermarkets and supermarkets across the world. 

The grocery and convenience stores are mainly region-centric and offer customers a broad merchandise mix through multi-utility outlets. Additionally, grocery and convenience stores provide additional facilities such as phone cards and off premise ATMs.

These additional facilities have increased the consumer base of grocery and convenience stores, which is driving the sales. Therefore, the ease of availability of products across platforms, extended hours of operations, and easy accessibility to the outlets having broad merchandise mix are estimated to drive the offline segment of the global edible flakes market during the forecast period.