Cookies Market 2022 Key Players Analysis, Future Trends and Forecast 2030 | Kellogg Co, Kraft Foods, United Biscuits
Research Reports
Aug 16, 2023
Cookies Market Overview:
According to MRFR analysis, the global Cookies Market Size was valued at USD 25.34 Billion in 2021. The Cookies Market is projected to grow from USD 27.56 Billion in 2022 to USD 45.4 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.43% during the forecast period (2022 – 2030).
Due to the rising need for unique and imaginative cookie varieties, there has been a consistent demand in the market on a global scale. It has become even more popular among younger people throughout the world as a result of the introduction of numerous flavors and containers. The cookies come in creative packaging that makes them appealing and convenient to consume.
The COVID-19 wave has negatively impacted some industries, and sales and revenue are both declining. According to the cookies industry study report, the sector has several difficulties, just like any other sector. The industry utilizes fresh tactics to advance the procedures to meet these issues. The industry is effective in raising the sales rate among the targeted audience by adhering to such procedures. COVID-19 has impacted cookie production due to a shortage of transportation and social segregation policies. The supply chain and demand for cookies have been affected by the COVID-19 sales figures. The major businesses and the government have implemented effective tactics to reduce the negative impact on the growth of the cookie industry.
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Key Players:
Some of the key market players are Mondelez International, Britannia Industries, Jiashili Group Limited, Nestlé SA, Burton’s Biscuit Company, Lotus Bakeries NV, Leibniz-Keks, Kellogg Co, Kraft Foods, Mars Inc.
Market Segmentation:
The global Cookies market has been segmented into type, packaging, and distribution channel.
Based on Type, the market has been segmented into Bar Cookies, Molded Cookies, Rolled Cookies, and Others.
Based on Packaging, the market has been segmented into Rigid, Flexible, and Others.
Based on Distribution Channel, the market has been segmented into Store Based and Non-Store Based.
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Regional Analysis
The majority of the market is accounted for by Asia Pacific nations. Following that, China, Australia, and India are also the principal nations propelling the agricultural market for cookies. The cookie market is dominated by Europe, which is the third-largest shareholder nation, with North America coming in second. The two biggest nations controlling the European cookie market are U.K. and Germany.
Key Drivers of the Market:
- Increasing demand for convenient and on-the-go snacks: Cookies are a convenient and on-the-go snack that is popular with consumers of all ages. This is driving the growth of the market, as consumers are increasingly looking for snacks that they can easily take with them on the go.
- Growing popularity of healthy cookies: Consumers are becoming more health conscious and are looking for healthier alternatives to traditional cookies. This is driving the growth of the market for healthy cookies, which are made with whole grains, nuts, and seeds.
- Expanding use of cookies in various foodservice applications: Cookies are being used in a variety of foodservice applications, such as in coffee shops, restaurants, and bars. This is driving the growth of the market, as the demand for cookies in these channels is increasing.
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