The global biscuits market has been experiencing steady growth, driven by the increasing preference for convenience foods and the rising demand for healthy snack options. In 2023, the industry was valued at US$ 101.3 billion and is projected to grow at a CAGR of 5.1% from 2024 to 2032, reaching US$ 158.5 billion by the end of the forecast period. The popularity of biscuits as an on-the-go snack has made them a staple in households worldwide. Manufacturers are continuously innovating, introducing new flavors, healthier alternatives, and attractive packaging to cater to evolving consumer preferences.

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Competitive Landscape

The global biscuits industry is characterized by the presence of several major players, including Britannia Industries Limited, Lotus Bakeries NV, Mondelez International, ITC Limited, Nestlé SA, The Kellogg Company, and United Biscuits Company. These companies are focusing on new product development, mergers, acquisitions, and expansion strategies to strengthen their market position.

Regional Analysis

Asia Pacific: The Leading Region

Asia Pacific held the largest share of the global biscuits market in 2023 and is expected to continue its dominance throughout the forecast period. This growth is fueled by the increasing demand for ready-to-eat food products and advancements in the food and beverage sector. Countries such as India, China, Japan, Australia, and South Korea are significant contributors to the region's biscuit consumption.

According to the Australian Export Grains Innovation Center, Australians and New Zealanders consume over 6 kg of biscuits, cookies, and crackers per person annually, showcasing a strong demand for these products. Additionally, Australia is well-positioned to supply high-quality grains essential for biscuit production, further driving market expansion.

North America and Europe: Steady Growth

North America and Western Europe are also significant markets for biscuits, driven by consumer demand for organic, gluten-free, and fortified snack options. The presence of leading multinational companies and continuous product innovations are expected to sustain growth in these regions.

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