On-the-Go Breakfast Products Market Size To Expand at a Notable CAGR Of 6.4% During 2022 - 2030

February, 2022/MRFR Press Release/- Market Research Future has published a report on the Global On-the-Go Breakfast Products Market.

Overview:

The acceleration of the global on-the-go breakfast product market is working fine in-sync with the urbanization of the lifestyle. Food is no longer an artwork prepared in leisure with pleasure. The options of getting sufficient nutrients are getting narrower with the mounting pressure from the corporate sector. On-the-go breakfast products are one of those few that substantially backs up the demand. The global on-the-go breakfast product market can expect a rise of 6.4% CAGR during the forecast period (2022-2030) and exceed a valuation of USD 3.9 billion by the end of 2030. The recent report by Market Research Future (MRFR) includes a detailed analysis of segments and drivers that can impact the market in the coming years. At the same time, updates of the profile of major market players have been included to provide a holistic picture of the on-the-go breakfast product market in the coming years.

Among the major factors, a paradigmatic shift in the lifestyle can be considered the prime booster. A move of a huge faction of the populace from the rural and semi-urban areas to major cities has triggered the integration of such products. The need is getting substantially satiated by new outlets who are engaging themselves in delivering such foods to the people. This has spurred the endeavor to better the distribution channel. Associated industries have also taken the challenge head on and are spending substantially for research and innovation. Their initiative is driven by an urge to provide a varied range of products with nutritional quality intact. The demand-supply chain is getting worked up in such a synchronized way that the on-the-go breakfast product market can only see itself prospering in the coming years. 

Segmentation:

MRFR report on the on-the-go breakfast products market analyses segments by product type, packaging type, and distribution channel.

Based on the product type, the on-the-go breakfast products market can be segmented by beverages, cereal meals, bakery products, breakfast bars, sandwiches, egg meals, burgers, and others. Cereal meals are quite popular among the regular users and can fetch in substantial revenue.

Based on the packaging type, the on-the-go breakfast products market can be segmented into cans, bottles & jars, boxes, trays, and others.

Based on the distribution channels, the on-the-go breakfast products market comprises store-based and non-store based. The store-based segment includes supermarkets & hypermarkets, convenience stores, specialty stores, and others. Growth in the e-commerce section can ensure a significant rise for the non-store-based segment.

Regional Analysis:

Region-specific analysis of the on-the-go breakfast products market integrates North America, South America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).

North America market can potentially emerge as the dominant region owing to their robust distribution channel and constant innovation to develop better and healthy products. Major market players are also creating their niche customers and expanding their base globally which can promote the market further.

Europe’s market has similar traits like that of North America. The popularity of the on-the-go breakfast products is rising which can benefit the regional market. The APAC region with their huge population and heavy industrial revamping in major places can expect to leave others behind in growth during the forecast period.

Competitive Landscape:

Major players profiled in the MRFR report on the on-the-go breakfast product market are Weetabix Limited, Sanitarium, Kellogg Co., Raisio PLC, Bagrry’s India Ltd., General Mills Inc., Quaker Oats Company, Weetabix Ltd., Nestle S.A., Moma Foods, Alara Wholefoods Ltd., Amy’s Kitchen, United Biscuits Limited, Uncle Toby’s, ITC Limited.

MUSH has recently launched an on-the-go breakfast product which has oats and dairy-free almond milk. This product is so healthy that in no time it has become a popular food for athletes as well. The target is to provide healthy breakfast to people who get almost no time to have a proper breakfast due to busy work schedule.

Kellogs new joybol is eyeing to promote healthy breakfast or ‘deskfast’ for those who are compelled to have their breakfast on their office desk. The product carries real fruit, whole grains, nuts, and seeds per package where the consumer just has to add water.