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Oct 7, 2020 6:46 AM ET

Global Liquid Breakfast Products Market Is Set To Reach Around USD 448.23 Billion By 2024

iCrowd Newswire - Oct 7, 2020

Zion Market Research  has published a new report titled “Liquid Breakfast Products Market by Product Type (Liquid Breakfast and Spoonable Breakfast), by Distribution Channel (Retail Stores, Online Selling, Convenience Stores, and Supermarkets/Hypermarkets), and by Packaging Type (Cups and Tubs, Cans, Carton Packaging, Bottles, and Pouches): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global liquid breakfast products market was valued at approximately USD 302.06 billion in 2017 and is expected to generate around USD 448.23 billion by 2024, at a CAGR of around 5.8% between 2018 and 2024.

Liquid breakfast is a new entry in the nutritious food segment. People’s busy lifestyle is the primary factor likely to propel the liquid breakfast products market in the upcoming years. Although, consumers prefer ready-to-eat food as they are unwilling to compromise on their health, which, in turn, has increased the consumption of liquid and spoonable breakfast products across the world. Additionally, the rising demand for spoonable breakfast includes yogurt among the consumers, as it has become an essential food for healthy indulgence. However, the lack of awareness regarding liquid breakfast products among the consumers might hamper this market in the estimated timeframe. The liquid breakfast products market is a niche and anticipated to develop in the years ahead.

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By product type, the liquid breakfast products market includes spoonable breakfast and liquid breakfast. The spoonable breakfast segment is anticipated to hold the maximum market share in the years ahead, due to the globally escalating demand for spoonable Greek yogurt . Moreover, yogurt has become an essential food for healthy indulgence and continues to be a popular spoonable liquid breakfast product due to its convenience, versatility, and high nutrition content.

Global Liquid Breakfast Products Market

By distribution channel, the market for liquid breakfast products is categorized into online selling, retail stores, supermarkets/hypermarkets, and convenience stores. Supermarkets/hypermarkets held the maximum market share in 2017 and are anticipated to continue their dominance in the estimated timeline. By packaging type, the liquid breakfast products market includes carton packaging, cans, bottles, cups and tubs, and pouches. The cups and tubs segment is projected to register the highest growth rate in the future, owing to the drinkable yogurt as a preferred packaging option along with chilled soups.

By region, North American held the major share in the liquid breakfast products market in 2017 and is anticipated to continue its dominance in the estimated period as well. This regional growth can be attributed to the growing consumption of organic yogurt by the population. Latin America is projected to show considerable growth in the liquid breakfast products market in the upcoming years, owing to the rising demand for ready-to-eat, low-fat food breakfast products and the shifting consumers’ focus toward healthy and nutritious breakfast in the region.

Some key players of the gas sensors market are The Kraft Heinz Company, Billington Group, Chobani, Quaker Oats Company, Müller Milk & Ingredients, General Mills Inc., Weetabix Limited, Nestle, Kellogg Company, Soupologie Limited, MOMA Foods, Tio Gazpacho, Vitasoy Australia Products, Campbell Soup Company, Monde Nissin, ALDI Limited, Smart Beverages, Murray Goulburn Co-operative, The Hain Daniels Group Limited, Lion Dairy & Drinks, Sanitarium Health and Wellbeing, and Danone, among others.

This report segments the global liquid breakfast products market into:

Global Liquid Breakfast Products Market: Product Type Analysis

Global Liquid Breakfast Products Market: Distribution Channel Analysis

Global Liquid Breakfast Products Market: Packaging Type Analysis

Global Liquid Breakfast Products Market: Regional Analysis

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Keywords:    Liquid Breakfast Products Market

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