On The Go Breakfast Packaging Market Growth Accelerated By Growing Demand For Convenient Breakfast Options

 

On the go breakfast packaging provides easy and convenient packaging solutions for breakfast cereals, dairy products, baked items and more. With changing lifestyles and busy schedules, consumers are increasingly opting for portable breakfast options that can be quickly prepared and consumed while on the move. The Global On The Go Breakfast Packaging Market Size is estimated to be valued at US$ 5 Billion in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2027, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Innovations in packaging formats is one of the key trends driving growth in the on the go breakfast packaging market. Packaging manufacturers are focusing on developing innovative packaging solutions that enhance product safety, extend shelf-life and provide improved portability for on-the-go consumption. Some examples include the use of materials like tetrapack for milk and yogurt packaging that allow extended shelf life without refrigeration. Similarly, re-sealable pouches and zipper bags are gaining popularity for cereal, granola bar and bakery packaging as they keep products fresh while allowing one-handed consumption. Such innovations cater well to the preference of time-strapped consumers for breakfast solutions that can be conveniently carried and consumed while on the move.

Segment Analysis
The on the go breakfast packaging market is currently dominated by ready to eat cereal sub-segment. This is primarily because ready to eat cereals are very convenient to consume, portable and require negligible preparation time which perfectly fits the on-the-go eating lifestyle. They are also affordable and widely available in various flavors and variety. The ready mixes sub-segment is also growing at a steady pace owing to increasing demand for packaged oats, pancake mixes etc. which can be easily prepared on the go.

Key Takeaways
The global on the go breakfast packaging market is expected to witness high growth over the forecast period owing to changing consumer lifestyle and growing demand for packaged food products that can be consumed quickly.

Regional analysis: North America currently holds the major share of the on the go breakfast packaging market and is expected to continue dominating over the forecast period. This is due to high prevalence of hectic schedules and busy lifestyles in countries like US and Canada which is driving the need for convenient packaging solutions for breakfast. Asia Pacific region is anticipated to grow at the fastest pace during the forecast period due to rising incomes, rapid urbanization and growing demand for western packaged food products in densely populated countries of India and China.

Key players operating in the on the go breakfast packaging market are Amcor plc, Bemis Co Inc, Sealed Air Corporation, WestRock Company, Berry Global Inc, DS Smith plc. These players are focusing on rolling out innovative packaging designs and solutions which can better protect packaged breakfast products and provide longer shelf life along with convenience features like re-sealability, leak-proof property etc. to cater to changing consumer requirements.

Get More Insights Here: https://www.newswirestats.com/on-the-go-breakfast-packaging-market-size-share-and-growth-forecast-2023-2030/

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