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[ 170 + Pages Research Report ] On-the-Go Breakfast Products Market to surpass USD 2.1 billion by 2031 from USD 1.4 billion in 2021 at a CAGR of 4.2% in the coming years, i.e., 2021-2031.
Product Overview
On-the-go breakfast products are foods that don't need to be cooked and can be consumed right away. Sandwiches and burgers, egg meals, bakery products, sausages and salamis, beverages, breakfast bars, and cereal meals are all included in this area. On-the-go breakfast products are nutrient-dense and convenient, containing healthy vegetables, fats, fiber, and fruits to keep you satisfied and invigorated throughout the day. These kinds of breakfasts are perfect for people who have a busy work schedule and don't have time to cook.
Market Highlights
On-the-Go Breakfast Products Market is expected to project a notable CAGR of 4.2% by 2031
Owing to the rising western culinary culture and diet among the urban population, on-the-go breakfast goods are in high demand. Breakfast On-the-Go also helps weight maintenance by offering acute nutrients to the individual throughout the day. Furthermore, technological developments in the production of ready-to-eat items are expected to boost the market for on-the-go breakfast products over the research period.
Global On-the-go Breakfast Products Market: Segments
The cereal-based Products segment is expected to grow with the highest CAGR during 2021-31
Based on Type, the global On-the-Go Breakfast Products Market is fragmented into Bakery Products, Fruit & Vegetable-based Products, Cereal-based Products, Dairy Products, Beverages, and Meat & Poultry. Due to the expanding trend of healthy breakfast in the region, cereal-based items such as on-the-go breakfast cereals and cereal bars have become common in developed markets in North America and Europe. Due to the increased adoption of western diets in developing economies, bakery products such as breakfast cookies, sandwiches, bagels, and burgers are gaining appeal.
The supermarkets and Hypermarkets segment is expected to grow with the highest CAGR during 2021-31
Global On-the-go Breakfast Products Market is classified based on Distribution Channel into Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, and Online Retail. Supermarkets and hypermarkets are expected to grow rapidly due to the broad range of products available and the convenience of making purchases all under one roof. In such stores, products are assigned to specific aisles, giving customers a wide range of choices. These mass merchandisers' discounts and offers to attract customers are likely to increase their sales performance as well.
Market Dynamics
Drivers
Higher adoption of innovative packaging along with inclination towards a preference for packaged foods
The rise of the on-the-go-breakfast food sector is being fueled by rising packaging technologies and a significant trend toward packaged food consumption throughout industrialized countries. Manufacturers are being encouraged to produce and give convenience to consumers in the form of heat-and-eat meals or rapid meal options thanks to a variety of technological technology. As a result, technological advancements in the production of ready-to-eat items are expected to boost the market for on-the-go breakfast products over the forecast period.
Changes in Lifestyle are demanding Packaged Foods
Demand for easy or packaged food is increasing as people's lifestyles change in terms of working hours, transportation time, and daily chore time. Furthermore, an increasing number of single-person homes, working professionals, and students are adopting on-the-go breakfast, which is readily available in supermarkets and convenience stores, which is likely to fuel market expansion for on-the-go breakfast items.
Restraint
High costs associated with the On-the-Go Breakfast Products
Weak network distribution of on-the-go breakfast products mainly in developing countries is projected to limit the industry growth of on-the-go breakfast products. Another key factor that is predicted to restrain the industry growth of on-the-go breakfast products is richness as these items are comparatively costly compared to traditional breakfast products.
Global On-the-go Breakfast Products Market: Key Players
Kellogg Co.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
General Mills Inc.
Raisio PLC
Bagrry's India Ltd.
Sanitarium
Quaker Oats Company
Weetabix Ltd.
Nestle S.A.
Moma Foods
Uncle Toby's
Other Prominent Players
Global On-the-go Breakfast Products Market: Regions
Global On-the-go Breakfast Products Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Owing to people's busy work schedules and chaotic lifestyles, North America is predicted to rise rapidly. Healthy breakfast alternatives that can be taken on the go are in high demand in the region, thanks to an expanding trend of healthy snacking. To accommodate the increased demand for healthy, convenient breakfast options, producers are introducing new items.
Impact of COVID-19 on On-the-Go Breakfast Products Market
The temporary closure of several factories and facilities in major regions like North America, South America, Europe, Asia Pacific, the Middle East, and Africa had a serious impact on the global supply chain, impacting manufacturing, sales of various items, and delivery schedules. In addition to this, multiple companies have already stated that deliveries of goods may be deferred and that the future sales of their products may get affected.
Global On-the-go Breakfast Products Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States, Mexico, and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Argentina, Columbia, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Russia, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Southeast Asia, and Rest of Asia Pacific
the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - UAE, Saudi Arabia, South Africa, and Rest of the Middle East and Africa
Global On-the-go Breakfast Products Market report also contains analysis on:
On-the-Go Breakfast Products Market Segments:
By Type
Bakery Products
Fruit & Vegetable-based Products
Cereal-based Products
Dairy Products
Beverages
Meat & Poultry
By Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Retail
On-the-Go Breakfast Products Market Dynamics
On-the-Go Breakfast Products Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
On-the-Go Breakfast Products Market Report Scope and Segmentation
Report Attribute Details
The market size value in 2021 USD 1.4 billion
The revenue forecast in 2031 USD 2.1 billion
Growth Rate CAGR of 4.2% from 2021 to 2031
The base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, Distribution Channel, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Kellogg Co., General Mills Inc., Raisio PLC, Bagrry's India Ltd., Sanitarium, Quaker Oats Company, Weetabix Ltd., Nestle S.A., Moma Foods, Uncle Toby's, and Other Prominent Players.