Global Biscuits Market Poised for Significant Growth with Rising Consumer Demand
The global biscuits market is experiencing substantial growth, driven by increasing consumer demand for convenient and nutritious snack options. According to industry reports, the market was valued at USD 122.96 billion in 2023 and is projected to grow at a CAGR of 5% from 2024 to 2030, reaching nearly USD 173.02 billion by 2030. This growth is fueled by changing consumer lifestyles, product innovations, and expanding retail networks.
Competitive Landscape and Regional Demand Trends
The biscuits market is highly competitive, with key players investing in product innovation, strategic mergers, and sustainability initiatives to maintain their market position. Some of the leading companies in the industry include Mondelez International, Nestlé, Britannia Industries, Parle Products, Campbell Soup Company, and Lotus Bakeries. The Asia-Pacific region holds the highest market share, driven by increasing urbanization, changing eating habits, and a preference for premium biscuit varieties.
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Biscuits Market Growth in the United States
Market Expansion and Trends
The U.S. biscuits market is experiencing steady growth due to rising demand for healthier and functional snacks. Consumers are increasingly opting for gluten-free, organic, and protein-enriched biscuits, prompting companies to innovate in their product offerings.
Mergers & Acquisitions and Key Developments
- Mondelez International recently acquired a leading organic biscuit brand to strengthen its portfolio.
- Campbell Soup Company expanded its snack division with new product innovations catering to health-conscious consumers.
Biscuits Market Opportunities in Asia-Pacific
Rapid Growth and Demand Surge
The Asia-Pacific biscuits market is projected to be the fastest-growing region, attributed to the increasing population, urbanization, and evolving consumer preferences. Countries like India, China, and Japan are witnessing a surge in demand for premium, healthy, and traditional biscuits.
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Biscuits Market segmentation :
by Flavor Type
Plain
Chocolate
Sour Cream
Cheese
Spiced
Fruits and Nuts
by Product Type
Sweet Biscuits
Savory
Crackers
Filled/Coated
Wafers
The worldwide biscuit market is divided into five product categories: wafers, filled/coated, crackers, savory, and sweet biscuits. Over the course of the forecast period, the worldwide biscuits market is anticipated to expand at a higher CAGR of 5.35% for the Sweet Biscuits category. Due to their delicious flavor, high energy content, and accessibility, sweet biscuits are a global favorite. Sweet biscuits are very well-liked by consumers due to their high nutritional value. Due to the expanding supermarket industry, which is anticipated to spur growth for fully prepared snacks and improved customer access, the sweet biscuits category is anticipated to flourish throughout the projected period.
by Source
Wheat
Oats
Millets
by Distribution Channel
Supermarket/Hypermarket
Convenience Store
Specialty Store
•Online Retail
The global biscuit market is divided into Specialty Stores, Convenience Stores, Supermarkets/Hypermarkets, and Online Retail based on the distribution channel. Over the course of the forecast period, the worldwide biscuits market is anticipated to rise at a higher CAGR of 4.98% for the Online Retail sector. The online platform gains popularity since it offers doorstep delivery upon product order, which is a result of online retailing offering more savings and a wider range of possibilities for purchases.
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Learn about the top players driving innovation in the Biscuits Market :
1. Britannia Industries
2. Walkers Shortbread Ltd
3. Parle Products Pvt Ltd
4. Burton's Biscuit Company
5. Yildiz Holding Inc.
6. Bahlsen GmbH & Co. KG
7. Campbell Soup Company
8. Nestle SA
9. Kraft Foods Group, Inc.
10. Lotus Bakeries NV
11. Dali Food Group Co, Ltd.
12. The Hershey Company
13. Kambly SA
14. United Biscuits Company
15. Ulker Biskuvi Sanayi A.S.
16. Cornu AG
Get answers to critical questions shaping the Biscuits Market
- What is Biscuits ?
- What is the growth rate of the Biscuits Market?
- Which are the factors expected to drive the Biscuits market growth?
- What is the CAGR at which the Biscuits market will grow during the forecast period?
- What are the different segments of the Biscuits Market?
- Which is the fastest growing region in the Biscuits market?
- What growth strategies are the players considering to increase their presence in Biscuits ?
- What are the upcoming opportunities and trends for the Biscuits Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Biscuits Market?
- Who are the leading companies and what are their portfolios in Biscuits Market?
- What segments are covered in the Biscuits Market?
- Who are the key players in the Biscuits market?
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Get a closer look at the game-changing products driving success :
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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