The Global Granola Market Growth Accelerated By Rising Health Consciousness

 

Granola is a breakfast food made from rolled oats, sweeteners, nuts, and sometimes dried fruit that are pressed into clusters and baked. Granola is becoming a popular breakfast option due to its nutritional benefits such as being a good source of fiber, protein, vitamins, and minerals.

The global Granola Market is estimated to be valued at US$ 4323.92 Billion in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing health consciousness among consumers is driving the demand for granola as it is considered a healthy breakfast option. Granola is low in calories and fat as compared to other processed breakfast foods like pastries, muffins, etc. and is a good source of nutrients. Moreover, the busy lifestyles have led to the increasing popularity of on-the-go, portable breakfast options like granola bars. Granola bars are easy to carry and consume without the need for milk or yogurt. The rise in demand for convenient, healthy breakfast options is contributing significantly to the growth of the granola market.


Segment Analysis

The Global Granola Market Size is segmented based on ingredients into oats, rice, quinoa and others. Among these, the oats segment dominates the market and accounts for over 30% share. Oats are the primary ingredient used in the manufacturing of granola as it provides texture and helps in binding other dry fruits and nuts. The availability of different types of oats like rolled oats and quick oats provide manufacturers flexibility in recipes.

Key Takeaways

The global granola market is expected to witness high growth over the forecast period of 2024 to 2031. The market is projected to grow at a CAGR of 7.7% during this period and reach a size of US$ 4323.92 billion by 2031.

Regional analysis

North America dominates the global granola market with over 40% share. The United States accounts for the largest market in the region owing to busy lifestyle and increasing preference for healthy breakfast options. Europe is the second largest market for granola driven by increasing health consciousness.

Key players

Key players operating in the granola market are Piezo.com, Microchip Technology Inc., Cypress Semiconductor Corporation, EnoCean GmbH, Texas Instruments Incorporated, STMicroelectronics NV, ABB Limited, Analog Devices Inc., Powercast Corporation, and Advanced Linear Devices Inc. These companies hold a significant share of the market owing to their diverse product portfolio and wide distribution network across regions.

Get More Insights On This Topic: https://www.newsstatix.com/granola-market-size-share-analysis-2023-2030/


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