17-May-2022 | Zion Market Research
The On The Go Breakfast Products Market was worth around USD 1,389.4 million in 2021 and is estimated to grow to about USD 1,768.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.1 percent over the forecast period. The report analyzes the On The Go Breakfast Products Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the On The Go Breakfast Products Market.
On the Go Breakfast is a new trend that may be defined as food products that do not require preparation and can be consumed immediately. These kinds of cuisine are particularly popular among working people and those who don't have enough time to cook. These kinds of products are quite popular and in high demand in urban areas. Furthermore, these dietary products contain enough amounts of all nutrients and are thus beneficial to health. Increasing demand for improved convenience foods, a growing working population, changing lifestyles, and a shift toward nuclear families are important factors driving the growth of the global On the Go Breakfast Products market. Additionally, many Asian nations are adopting Western trends, and rising urbanization in developing countries is supporting the growth of the On the Go Breakfast Products Market. Moreover, people are becoming more health-conscious, and the availability of all necessary nutrients in On the Go Breakfast Products is driving the growth of the On the Go Breakfast Products Market. Various sophisticated food industry technology is driving manufacturers to create and provide a wide range of On The Go Breakfast Products, which is expected to drive profitable growth in the On The Go Breakfast Products Market in the future years. On the other hand, the short life duration or quick expiry of products such as sandwiches is expected to stymie the growth of the On the Go Breakfast Products Market.
The On The Go Breakfast Products Market is segregated based on Type, and Distribution Channel. Based on Type, the global market is distinguished into Bakery Products, Fruits & Vegetable-based Products, Cereal-based Products, Dairy Products, Beverages, and Meat & Poultry. Based on Distribution Channel, the global market is characterized into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Online Retail.
Due to rising demand for on-the-go breakfast items, North America is predicted to hold the highest share of the On The Go Breakfast Products Market. Recent events for the firms present in the region, such as new solution/product launches, research activities, acquisitions, regional expansions, and technological advancements, are taken into account while confirming their player placement in the on-the-go breakfast items market. The Asia-Pacific On-the-Go Breakfast Products Market is largely driven by rising demand for frozen pizza and portable breakfast. These products are marketed as low-cost, high-quality, and fresh. Chilled and frozen ready meals are one of the most popular types of On-the-Go Breakfast Products in the region. Furthermore, manufacturers in the market are focusing on strategic methods to establish a strong foothold in the country, which is driving the market growth. Consumer opinions of ready meals are steadily increasing, with convenience and rapid preparation times appealing to Chinese clients.
Key players functioning in the On The Go Breakfast Products Market include Nestle S.A., General Mills, Inc., The Quaker Oats Company, The Hain Celestial Group, Inc., Danone S.A., Mondelez International, Inc., and Baggry's India Ltd.
Browse the full “On The Go Breakfast Products Market By Type (Bakery Products, Fruits & Vegetable-based Products, Cereal-based Products, Dairy Products, Beverages, and Meat & Poultry). By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Online Retail), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” Report at https://www.zionmarketresearch.com/report/on-the-go-breakfast-market
On The Go Breakfast Products Market is segmented as follows:
By Distribution Channel
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